Broadcom delivered results for its fiscal fourth quarter that topped expectations in semiconductor revenue, with the chipmaker providing guidance that exceeded analyst consensus for the full year ahead.
The company reported fourth-quarter revenue of $15.95 billion, representing an 86% increase from the prior year. Net income surged to $13.09 billion, or $2.68 per share, compared with $4.14 billion, or 85 cents per share, in the corresponding period a year earlier. For the next fiscal quarter, Broadcom projected revenue of $34.8 billion, slightly below the $35.03 billion consensus forecast.
Management highlighted an expanding portfolio of custom processors developed for major artificial intelligence companies. The chipmaker referenced continued shipments of its Jalapeno chip created in partnership with OpenAI, as well as anticipated production deliveries of Meta’s custom MTIA accelerator. CEO Hock Tan indicated that Broadcom expects to deliver tens of billions of dollars in processors to Google annually over the coming years, with accelerated shipments of Google’s Ironwood tensor processing units bound for Anthropic and TPU 8i chips going to Google.
Looking further ahead, Broadcom’s leadership outlined aggressive expansion plans in the artificial intelligence segment. The company targeted doubling artificial intelligence revenue to $115 billion in fiscal 2027, with plans for another doubling to $230 billion in fiscal 2028. Management projected earnings per share exceeding $30, surpassing the $25.86 consensus estimate for fiscal 2028. Semiconductor revenue climbed to $16.7 billion, exceeding the $15.2 billion average estimate, while infrastructure software revenue reached $8.75 billion, slightly below the $8.82 billion consensus.
The company’s shares gained in after-hours trading following the announcement. Broadcom stock has advanced approximately 6% during 2026, underperforming the S&P 500 index, which rose 12% over the same span.
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