Broadcom’s Revenue Reaches Record High on Strong AI Demand

Broadcom (AVGO) reported record quarterly sales as demand for its AI offerings surged, marking another milestone in the sustained growth of AI-related technologies. The chipmaker posted adjusted earnings per share of $1.69, with revenue jumping 22% year-over-year to $15.95 billion in its fiscal third quarter. Both figures exceeded analysts' expectations.

AI revenue soared 63% to $5.2 billion, with CEO Hock Tan forecasting a climb to $6.2 billion in the current quarter. "Our customers continue to strongly invest," Tan noted, highlighting eleven consecutive quarters of growth. The company projects fiscal fourth-quarter revenue of $17.4 billion, slightly above Wall Street consensus.

Broadcom's results echo similar reports from Nvidia and Advanced Micro Devices, underscoring robust demand for AI hardware. Despite rising expectations and concerns over China trade restrictions, Broadcom shares remained steady in after-hours trading, having gained nearly a third of their value in 2025.