Overview

• A new filing details a performance grant targeting 610,521 shares that pays nothing if AI revenue stays below $60 billion and up to 300% of target if it exceeds $120 billion in any four consecutive quarters between fiscal 2028 and 2030.
• Hock Tan agreed to remain chief executive through at least 2030, aligning his tenure with the vesting window of the award.
• Broadcom reported record fiscal Q3 2025 sales of $15.95 billion, with AI semiconductor revenue up 63% year over year to $5.2 billion and guidance for about $6.2 billion in AI sales in Q4, alongside total Q4 revenue guidance of $17.4 billion.
• The company confirmed a fourth major custom‑chip win, and multiple reports point to OpenAI as a new customer with potential orders near $10 billion.
• Shares rose premarket on Wednesday after a 13% gain last week, CFRA raised its price target to $380 with a Buy rating, and a Citi note trimmed Nvidia’s target price citing Broadcom’s growing custom‑accelerator competition.