Broadcom Q3 FY2026 Revenue Up 86% to $29.6 billion, EPS $3.32
Broadcom reported fiscal third-quarter 2026 revenue of $29.6 billion, up 86% year over year, with adjusted earnings per share of $3.32, up 96%. Net income reached $13.09 billion, compared with $4.14 billion a year earlier. AI semiconductor revenue surged 221% to $16.7 billion. The company highlighted record revenue, operating profit, and free cash flow, with non-GAAP operating profit up 92%. Shares fell 5% in after-hours trading.
Broadcom announced its fiscal third-quarter 2026 results on September 2, 2026. Net income reached $13.09 billion, compared with $4.14 billion in the same period a year earlier.
By business segment, third-quarter AI semiconductor revenue totaled $16.7 billion, up 221% year over year and 54% sequentially. President and Chief Executive Officer Hock Tan said demand for custom AI accelerators and networking products remained strong. Chief Financial Officer Amy Tuana said the quarter delivered record revenue, operating profit, and free cash flow, with non-GAAP operating profit up 92% year over year.
Following the earnings release, Broadcom shares fell 5% in after-hours trading. Through Wednesday's close, Broadcom stock had risen about 6% in 2026, while the S&P 500 gained 12% over the same period. Broadcom designs custom chips for companies including Google, Meta, and OpenAI, and its shares have climbed more than sixfold since late 2022, giving it a market value of roughly $1.8 trillion. During the quarter, Broadcom showcased a custom Jalapeno chip developed with OpenAI, and Apple said it would increase spending on collaboration with Broadcom for U. S. chip production.