Upcoming
FY2026 Q3
Earnings PreviewAVGO
D-7 · AMCBroadcom
Broadcom · Semiconductors/AI Accelerators & Networking
Wed, September 2, 2026·After Market Close
BroadcomAI SemiconductorsXPUNetworkingQ3 EarningsEarnings
01Wall Street Consensus
EPS$3.24
Revenue$29.4B
Key Checkpoints
- 01AI semiconductor (custom accelerators + networking) revenue vs the $16B guide
- 02VMware-integrated software revenue and margin contribution
- 03Whether the FY2027 AI revenue guidance of $100B+ is reaffirmed
- 04New hyperscaler custom-accelerator (XPU) customer additions
Upside Catalysts
- AI semiconductor revenue growth staying above 200% YoY
- Disclosure of new XPU customers
- Reaffirmation of $100B+ FY2027 AI revenue guidance
Risk Factors
- Valuation reset if AI semiconductor revenue misses consensus
- Customer concentration risk among a small number of hyperscalers
- Customer churn tied to VMware licensing transition
Detail
EEPS History (Last 14 Quarters)
Actual EPS vs Consensus — Green Beat · Red Miss
Beat13
Miss0
Beat rate100%
1Preview Note
Broadcom reports fiscal Q3 2026 results after the U.S. market close on September 2. Consensus calls for revenue of $29.4B and non-GAAP EPS of $3.24. AI semiconductor revenue is guided to $16B (above 200% YoY growth, more than half of total revenue). New custom-accelerator customer wins are the key variable.