| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 29.6K | 33.4% | 85.5% |
| Total Income | 29.6K | 33.4% | 85.5% |
| Expenditure | 13.6K | 19.6% | 35.5% |
| PBT | 15.3K | 50.8% | 189.0% |
| Net Profit | 13.1K | 40.6% | 216.1% |
| OPM | 53.92% | 5.30pp | 17.01pp |
| NPM | 44.23% | 2.27pp | 18.28pp |
| EPS | 2.75 | 40.3% | 212.5% |
Broadcom Announces Q3 FY26 Results: Revenue $29.6B, Up 86% YoY
03 Sept 2026 · 3 Sept, 2:03 am
Summary
Broadcom Inc. reported strong third quarter fiscal year 2026 results, with revenue reaching $29.6 billion, an 86% increase year-over-year. The company achieved a non-GAAP operating income of $20.1 billion and generated $13.7 billion in free cash flow. Management expressed confidence in continued momentum, particularly in AI semiconductor revenue, which is expected to accelerate in the fourth quarter. The outlook for Q4 FY26 revenue is approximately $34.8 billion, reflecting a projected 93% year-over-year increase.
Key Highlights
- 1
Broadcom Inc. reported third quarter revenue of $29.6 billion, an increase of 86 percent from the prior year period.
- 2
The company announced a non-GAAP operating income of $20.1 billion for the third quarter.
- 3
GAAP diluted EPS for the third quarter was $2.68, while non-GAAP diluted EPS was $3.32.
- 4
Cash from operations for the third quarter was $14.2 billion, resulting in $13.7 billion of free cash flow, representing 46 percent of revenue.
- 5
AI semiconductor revenue reached $16.7 billion in Q3, growing 221% year-over-year and 54% quarter-over-quarter.
- 6
The company provided fourth quarter fiscal year 2026 revenue guidance of approximately $34.8 billion, an increase of 93 percent from the prior year period.
- 7
Fourth quarter fiscal year 2026 Non-GAAP operating income is projected to be approximately 66 percent of projected revenue.
Management Comments
Hock Tan
Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter. In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year.
Amie Thuener
Broadcom achieved record revenue, operating profit and free cash flow in Q3. We delivered non-GAAP operating income growth of 92% year-over-year, as consolidated revenue grew 86% year-over-year to $29.6 billion. Q4 consolidated revenue growth is forecasted to increase 93% year-over-year to $34.8 billion, and we expect to maintain our non-GAAP operating margin at 66%, flat from a year ago.
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