Broadcom Q3 AI Chip Revenue Hits $16.7B, Targets $230B by 2028

Broadcom's Q3 report put its AI semiconductor business front and center: quarterly revenue of $16.7 billion, up 221% year-over-year and 54% quarter-over-quarter, accounting for roughly 56% of total quarterly revenue ($29.6 billion, +86% YoY). The company also issued aggressive guidance: Q4 AI revenue is expected at $21.7 billion, up 236% YoY and about 30% QoQ; AI revenue is projected to double to around $115 billion in FY2027 and double again to $230 billion in FY2028.

Confirmed

• Q3 AI semiconductor revenue of $16.7 billion, +221% YoY, +54% QoQ (m1, m4)
• Total revenue of $29.6 billion, +86% YoY; AI chips made up about 56% of quarterly revenue (m4)
• Q4 guidance of $21.7 billion in AI revenue, up roughly 236% YoY (m1, m5)
• Company guidance: AI revenue of about $115 billion in FY2027 and about $230 billion in FY2028 (m2, m4)
• On the earnings call, the company disclosed that all six XPU custom accelerator customers are ramping purchases; Anthropic plans to deploy another 5GW of TPU v8 in 2027 (m3)

Why it matters

• Demand for custom ASICs keeps surging, making Broadcom one of the biggest beneficiaries of the AI compute arms race beyond Nvidia, with its guidance seen as a leading indicator of AI chip demand.
• Commentators including Ben Bajarin argue the $230 billion 2028 target is still conservative (sandbagging), suggesting market expectations could run even higher.

2026-09-03 ~ 2026-09-03 · 5 related posts

• [source] Broadcom Q3 AI chip revenue hits $16.7B, up 221% YoY; guides $21.7B for Q4 — Beth_Kindig · 2026-09-03
• [source] Broadcom guides AI revenue to ~$115B in FY2027, doubling again to $230B in FY2028 — BenBajarin · 2026-09-03
• Broadcom Guides Q4 AI Chip Revenue to $21.7B, Up 236% YoY — rohanpaul_ai · 2026-09-03
• [source] Broadcom: AI chip revenue up 221% YoY, eyes $230B by fiscal 2028 — firstadopter · 2026-09-03

1 near-duplicate retellings: rohanpaul_ai