Broadcom Targets $230B in AI Revenue as Q3 AI Chip Sales Surge
Broadcom targets $230B in AI revenue by fiscal 2028, reporting Q3 revenue of $29.59B up 85.5% year over year. AI semiconductor revenue rose to $16.70B, up 221% YoY and 54% sequentially, and Q4 guidance calls for roughly $21.7B in AI chip revenue. Q3 free cash flow reached $13.67B, or 46% of revenue.