After the US stock market closed on Wednesday, August 3rd Eastern Time, Broadcom announced that its net revenue for the third quarter of the 2026 fiscal year ended August 2, 2026, increased by 86% year-on-year to $29.591 billion, continuing to set a new quarterly revenue record, slightly higher than market expectations of about $29.45 billion, and breaking the highest quarterly growth rate in over nine years set in the previous quarter; The net profit under General Accounting Principles (GAAP) in the United States was $13.088 billion, a year-on-year increase of 216%; Adjusted earnings per share (EPS) increased by 96% year-on-year to $3.32, nearly 3% higher than market expectations.

AI remains the core growth engine. In the third fiscal quarter, Broadcom's AI semiconductor revenue more than doubled year-on-year, reaching $16.7 billion, a 54% increase from the previous quarter, higher than analysts' expectations of $15.93 billion. CEO Chen Fuyang stated that the demand for customized AI accelerators and network products continues to be very strong, and expects AI semiconductor revenue to further accelerate to $21.7 billion in the fourth quarter, a year-on-year increase of 236%.

In terms of performance guidance, Broadcom expects its fourth quarter revenue to increase by 93% year-on-year to $34.8 billion, but lower than the market expectation of $35 billion. The adjusted profit margin is 66%, which is the same as the same period last year.

From a business perspective, the revenue from semiconductor solutions was 20.839 billion US dollars, a year-on-year increase of 127%, higher than the market expectation of 20.51 billion US dollars; Infrastructure software revenue was 8.752 billion US dollars, a year-on-year increase of 29%. The profit margin is equally impressive, with Non GAAP operating profit of $20.095 billion in the third quarter, a year-on-year increase of 92%; Free cash flow was $13.665 billion, a year-on-year increase of 95%, equivalent to 46% of revenue.

During regular trading on Wednesday in the US stock market, Broadcom's stock price closed down nearly 0.7%. After the release of the financial report, the stock price first plunged after the market opened, falling more than 6%, but then turned up. During the performance conference call, it rose more than 2% after the market opened, but then returned to a downward trend, falling more than 1%.

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