AVGO posts record Q3 revenue and operating income; AI revenue surges
Broadcom (AVGO) reported record Q3 revenue and operating income. Q3 AI semiconductor revenue rose 221% year-over-year, supported by infrastructure software performance. Q4 guidance projects 93% year-over-year revenue growth and AI revenue to triple.
Record Q3 results were driven by 221% growth in AI semiconductor revenue and strong infrastructure software performance. Q4 guidance calls for 93% year-over-year revenue growth, with AI revenue expected to triple. The multi-year outlook anticipates AI revenue doubling in both 2027 and 2028.