{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Earnings Debate","title":"Broadcom Inc. (AVGO) Announced Q3 2026 Earnings on September 2, 2026, Reporting \"Consolidated revenue was a record $29.6 billion for the quarter, up 86% year-on-year\"","html":"","width":"100%","height":180,"duration":1279,"description":"Broadcom reported consolidated revenue of a record $29.6 billion for the third quarter of fiscal year 2026, representing an increase of 86% year-on-year.\nGross margin for the quarter was 75% of revenue, which was down 210 basis points sequentially as AI semiconductor revenue was a greater proportion of the total revenue mix. Q3 operating income was a record $20.1 billion, representing an increase of 92% from a year ago.\nOperating margin reached a record 68% of revenue for the quarter.\nNon-GAAP EPS was $3.32 for the quarter, up 96% year-on-year.\nFree cash flow in the quarter was a record $13.7 billion, which represented 46% of revenue.\nThe Semiconductor Solutions segment generated record revenue of $20.8 billion, which was up 127% year-on-year, with gross margin for the segment at approximately 67% and operating margin at 61%. AI semiconductor revenue reached $16.7 billion for the quarter, which grew 221% year-on-year.\nInfrastructure software revenue was $8.8 billion, representing a 29% increase year-on-year, with sustained ARR growth of 15% year-on-year.\nDuring the quarter, management highlighted substantial updates to its custom silicon and networking portfolio.\nBroadcom delivered the Ironwood TPU v7 in high volume to both Google and Anthropic, and started production shipments of the next-generation TPU version 8i to Google.\nThe company also shipped Jalapeno, OpenAI's first-generation custom accelerator, which is optimized for inference workloads.\nFor Meta, Broadcom expects production shipments of the custom MTIA accelerator in the fourth quarter. In networking, Broadcom taped out Tomahawk 7, the industry's first 200 terabit per second Ethernet switch. To support enterprise AI deployment, Broadcom announced the VMware Private AI Cloud.\nFinancially, the company established the AI XPV platform in partnership with Apollo and Blackstone to enable more than 20 gigawatts of compute infrastructure by the end of 2028, and closed a first tranche of $35 billion in June...","thumbnail_url":"https://img.transistorcdn.com/xJuh_6koFF8CKKFzV-oIB_PzOA86GyxN802qWUMHjC4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80ODli/Mjg2OGQ5YjVkMzU2/Yjg0NzMxNTJiZGRj/NzFjOC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}