FINANCE NOTE

Broadcom (NASDAQ: AVGO) — Q3 FY2026 Post Earnings

Operations

As of September 3, 2026
Q3 Revenue ↑ 86% YoY $29.6B
Divisions
Semiconductor Solutions 70.4%
Infrastructure Software 29.6%

Key Earnings Driver: AI Accelerators and AI Networking

Semiconductor Solutions revenue increased 127% year over year to $20.8B. Within Semiconductor Solutions, AI semiconductor revenue increased 221% to $16.7B, driven by strong demand for custom AI accelerators and AI networking. Infrastructure Software revenue increased 29% to $8.8B. Management expects AI semiconductor revenue to reach $21.7B in Q4.

Key Operating Metrics¹

METRIC

STATUS

Semiconductor Solutions

🟢 Scaling

↳ AI Accelerators and AI Networking

🟢 Scaling

Infrastructure Software

🟢 Scaling

Key Financial Metrics

Gross Margin 69.13% +2.04 pp YoY
Backlog / Rev. N/A
CapEx Intensity 1.80% 0.01x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Broadcom website and/or SEC filings for Q3, with status based on reported data.