Hock Tan Just Put a $230 Billion Number on Broadcom's 2028 AI Revenue. That Is 4 Times This Year's.
Yahoo Finance ·
For the past three months, the biggest number attached to Broadcom ( AVGO -2.75% ) was CEO Hock Tan's forecast of more than $100 billion in artificial intelligence (AI) semiconductor revenue for fiscal 2027. On Wednesday evening's earnings call, he replaced it. The new fiscal 2027 target is about $115 billion. And for the first time, Tan put a number on fiscal 2028: $230 billion, about four times the $58 billion of AI revenue Broadcom now expects for the current fiscal year. Both years, he told analysts, come with the supply already secured. The forecasts landed on top of a record quarter. In the fiscal third quarter of 2026 (the period ended Aug. 2), revenue rose 86% year over year to $29.6 billion, and net income more than tripled to $13.1 billion. Still, doubling AI revenue twice more in two years is a promise about manufacturing as much as about demand.
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