Broadcom Signals AI-Driven Surge With Record Sales, $73 Billion Backlog and Strong Q1 Outlook
The company cites multi‑quarter visibility from a disclosed AI backlog across custom accelerators, Ethernet switches, DSPs.
Overview
- Broadcom reported Q4 2025 revenue of $18.0 billion and full-year revenue of $63.9 billion, with AI driving the gains.
- For Q1 2026, the company guides to $19.1 billion in total revenue and projects $8.2 billion from AI, roughly doubling year over year.
- Management disclosed a $73 billion AI-related order backlog expected to convert over roughly six quarters.
- Semiconductor revenue rose 35% to $11.1 billion in Q4, non-AI semiconductor revenue grew 2%, and infrastructure software delivered $6.9 billion with a $73 billion backlog and expected low double‑digit FY2026 growth.
- Analysts raised targets after the results, while a Seeking Alpha analysis speculates about very large custom‑chip deals with Anthropic and OpenAI that are not company‑confirmed.