Broadcom targets $230B AI revenue by 2028 as OpenAI and Google buys surge
TL;DR Summary
Broadcom topped Q3 estimates with adjusted EPS of $3.32 on revenue of $29.59B and guided Q4 revenue to about $34.8B (slightly below the $35.03B consensus). The chipmaker highlighted AI-driven demand, including Jalapeno shipments to OpenAI and ongoing deployments for Google and Anthropic, and set long-range targets to lift AI revenue to roughly $115B in 2027 and $230B in 2028, with EPS above $30 in 2027. Net income rose to $13.09B; shares rose about 2% in after-hours trading.
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