Broadcom reports 39% revenue growth in fiscal 2026 and forecasts 84% jump in Q3, driven by AI chip sales tripling year-over-year.
Broadcom’s market capitalization reached $1.9 trillion, positioning it as the eighth-largest company globally. The semiconductor firm reported $41.5 billion in revenue for the first half of fiscal 2026, a 39% year-over-year increase, fueled by rising demand for AI processors and networking chips.
The company expects revenue to surge 84% to $29.4 billion in fiscal Q3, with AI-related sales more than tripling. This growth outpaces peers, including Microsoft, whose stock declined 7% over the past year while Broadcom’s shares rose 28%.
Broadcom’s custom AI chips and networking solutions are driving its expansion, with potential to join the $3 trillion market cap club alongside tech giants like Microsoft.