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Broadcom's $16 billion AI target puts custom silicon cycle in focus ahead of Sept. 2 earnings

9/1/2026

The custom silicon cycle enters a critical test this week.

Broadcom (NASDAQ: AVGO) is set to report fiscal third-quarter results after the close on September 2, carrying CEO Hock Tan's guidance for AI semiconductor revenue to exceed $16 billion, a figure he said would represent growth of over 200% year-over-year.

The company's fiscal second quarter, which ended May 3, delivered revenue of $22.18 billion, up 48% year-over-year, with net income of $9.31 billion, up 88%.

Earnings per share came in at $1.91, up 85% from the second quarter of 2025.