Q3 revenue reached $29.591 billion
Broadcom released fiscal third-quarter results after the U.S. market closed on September 2, 2026. The quarter ended August 2. Revenue increased 86% from $15.952 billion a year earlier to $29.591 billion, slightly above the company's prior guidance of approximately $29.4 billion.
GAAP operating income was $15.955 billion and GAAP net income was $13.088 billion. On a non-GAAP basis, operating income was $20.095 billion and net income was $16.372 billion. Diluted EPS was $2.68 under GAAP and $3.32 on a non-GAAP basis.
AVGO / FY2026
Q3 actuals and the new Q4 outlook
Quarterly revenue accelerated through Q3. The comparison chart separates Broadcom's prior Q3 guidance, the reported Q3 result, and the new Q4 company outlook.
Revenue accelerated through Q3
USD billions · Broadcom fiscal quarters
- Q1 FY2026 · Feb 2026
- $19.311B
- Q2 FY2026 · May 2026
- $22.187B
- Q3 FY2026 · Aug 2026
- $29.591B
Q1 FY2026 · Feb 2026
Q2 FY2026 · May 2026
Q3 FY2026 · Aug 2026
Guidance, actual, and next-quarter outlook
Reported Q3 revenue slightly exceeded the company's prior outlook. Q4 remains company guidance, not a reported result.
- Q3 total revenue · prior guidance
- $29.4B
- Q3 total revenue · actual
- $29.591B
- Q4 total revenue · company guidance
- $34.8B
Q3 actual revenue was $191 million, or about 0.6%, above Broadcom's approximate $29.4 billion company outlook.
All amounts are in U.S. dollars and come from Broadcom's investor-relations releases. The $34.8 billion Q4 figure is forward-looking company guidance and may differ materially from the eventual result.
AI semiconductors drove the step-up
Semiconductor solutions revenue was $20.839 billion, up 127% year over year, while infrastructure software revenue rose 29% to $8.752 billion. Within semiconductors, AI revenue reached $16.7 billion, up 221% year over year and 54% from Q2, exceeding the company's prior $16.0 billion outlook.
Cash from operations was $14.197 billion. After $532 million in capital expenditures, free cash flow was $13.665 billion, or 46% of revenue. Broadcom ended the quarter with $24.0 billion in cash and cash equivalents and declared another $0.65 quarterly dividend.
Primary Broadcom sources
What Broadcom is projecting for Q4
01
$34.8 billion revenue
Broadcom expects Q4 FY2026 revenue to rise 93% year over year to approximately $34.8 billion for the quarter ending November 1, 2026.
02
$21.7 billion from AI
Management expects AI semiconductor revenue to accelerate to $21.7 billion, up 236% year over year, on custom accelerator and networking demand.
03
66% non-GAAP margin
The company expects non-GAAP operating income to equal approximately 66% of projected Q4 revenue. This remains guidance rather than a reported margin.
Broadcom earnings FAQ
What were Broadcom's Q3 FY2026 results?
Revenue was $29.591 billion. GAAP diluted EPS was $2.68, non-GAAP diluted EPS was $3.32, and free cash flow was $13.665 billion.
How much AI semiconductor revenue did Broadcom report?
Q3 AI semiconductor revenue was $16.7 billion, up 221% year over year and 54% quarter over quarter. It is included within semiconductor solutions and total company revenue.
Did Broadcom exceed its Q3 revenue guidance?
Yes. Reported revenue of $29.591 billion was $191 million, or about 0.6%, above the company's approximate $29.4 billion outlook.
What is Broadcom's Q4 FY2026 guidance?
Broadcom expects approximately $34.8 billion in total revenue and non-GAAP operating income of approximately 66% of projected revenue. Management separately expects $21.7 billion in AI semiconductor revenue within the total.
When did Broadcom release these results?
Broadcom released Q3 FY2026 results after the U.S. market closed on September 2, 2026. The earnings call began at 5:00 PM Eastern Time that day.
Why is this called Q3 FY2026?
Broadcom uses a fiscal calendar that does not align exactly with calendar quarters. Q3 FY2026 ended on August 2, 2026, so the label does not mean the three months from July through September.