Overview
- Broadcom reported fiscal Q3 revenue of $15.9 billion, up 22% year over year, with AI semiconductor sales rising 63% to $5.2 billion.
- Custom AI accelerators led the gains, accounting for 65% of Broadcom’s AI revenue as major cloud customers work toward compute self-sufficiency.
- The company logged a reported $10 billion order for AI racks from an unnamed fourth customer, which some had incorrectly associated with OpenAI.
- Nvidia remains the leader, posting record fiscal Q2 revenue of $46.7 billion with $39 billion from data centers and guiding to $54 billion for Q3.
- Broadcom’s shares have climbed about 96% over the past year versus roughly 33% for Nvidia, reflecting investor interest in energy-efficient ASICs versus flexible GPUs.