GoKawiilBroadcom shares edged up in extended trading on Wednesday after the chipmaker issued a rosy forecast for the next fiscal year and hinted at growing business with artificial intelligence labs.
Here's how the company did in comparison with LSEG consensus:
Earnings per share: $3.32 adjusted vs. $3.24 expected
$3.32 adjusted vs. $3.24 expected Revenue: $29.59 billion vs. $29.36 billion expected
For the fiscal fourth quarter, Broadcom said it expects revenue of $34.8 billion, while analysts were expecting $35.03 billion, according to LSEG.
Broadcom's revenue increased 86% during the quarter from $15.95 billion a year ago, according to a statement. Net income more than tripled to $13.09 billion, or $2.68 per share, from $4.14 billion, or 85 cents per share a year earlier.
Broadcom has been one of the major winners of the AI boom, designing custom chips for companies including Google , Meta and OpenAI . The stock has jumped by more than sixfold since the end of 2022, coinciding with the emergence of ChatGPT and other generative AI services, pushing its market cap to about $1.8 trillion.
But the shares have lagged the broader indexes this year. As of Wednesday's close, Broadcom shares had gained about 6% in 2026, while the S&P 500 index is up 12% in the same period.
During the quarter, Broadcom touted the custom Jalapeno chip it developed with OpenAI, while Apple said it would spend more with Broadcom for U.S. chip production.
CEO Hock Tan said on a conference call that Broadcom expects to speed up shipments of Google Ironwood tensor processing units to Anthropic and TPU 8i chips to Google .
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