AI Index / Broadcom Inc.
Broadcom Inc. (AVGO)
Main revenue sources: (1) AI Semiconductors: custom XPUs/TPUs and AI networking (Ethernet switches, PCIe, CPO/optics, Jericho fabrics). AI contribution: direct and dominant; $10.8B in Q2 (~49% of total), accelerating with multi‑gigawatt customer ramps. (2) Non‑AI Semiconductors: broadband, wireless, server storage, enterprise networking. AI contribution: minimal. (3) Infrastructure Software (VMware/VCF): subscription/ARR. AI contribution: indirect; VCF 9.1 supports AI inferencing and benefits from AI‑driven server demand. Overall, AI is already near half of revenue and rising rapidly, warranting a high AI revenue rating.
Loading...
Driving this growth was AI semiconductor revenue at a record $10.8 billion, up 143% year-on-year and above our outlook.
- Hock Tan
Similar Companies in the Swift AI Index
Quotes from broadcom Executives About Artificial Intelligence and Generative AI
Our relationship with Google continues to be strategic and very substantial as we continue to deliver vastly superior technology and execution compared to other alternatives. This ability to provide differentiated value to Google ensures that our business will sustain and grow for the foreseeable future.
- Hock Tan
Demand for XPUs and networking is simply insatiable. During the quarter, bookings for AI semiconductors were over $30 billion against the $10.8 billion we shipped.
- Hock Tan
In the second half of 2026, we expect AI semiconductor revenue to double from the first half we shipped last -- shipped this year.
- Hock Tan
For the full year 2026, we expect to achieve AI semiconductor revenue of $56 billion, up approximately 180% from fiscal 2025. Now we expect this momentum to continue into fiscal year 2027 and reiterate our AI semiconductor revenue guidance to be in excess of $100 billion.
- Hock Tan
Networking is key to building scalable XPU and GPU clusters. And here in networking, we have at least one generation of technology and product leadership.
- Hock Tan
We are creating the AI XPV platform with Apollo and Blackstone and other leading investors to deploy more than 20 gigawatts of compute capacity through 2028.
- Hock Tan