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      Broadcom Reports 86% Year-Over-Year Revenue Growth in Q3 2026

      Broadcom has released its financial results for the third quarter of fiscal year 2026, reporting a revenue of $29.59 billion, which marks an 86% increase from $15.95 billion in the same quarter last year. The company's adjusted earnings per share reached $3.32, surpassing analysts' expectations of $3.24, while net profit rose to $13.09 billion, or $2.68 per share, compared to $4.14 billion, or $0.85 per share, in the previous year.

      The semiconductor segment contributed significantly to the revenue, generating $16.7 billion, while the infrastructure software business accounted for $8.75 billion. Despite the strong performance, Broadcom's forecast for the fourth quarter anticipates revenue of $34.8 billion, which is slightly below market expectations of $35.03 billion.

      CEO Hock Tan highlighted the company's strategic expansion into the custom chip market, collaborating with major tech firms such as Anthropic, OpenAI, Google, and Meta. Broadcom aims to achieve AI-related revenue of $11.5 billion in fiscal year 2027 and $23 billion in fiscal year 2028. Following the announcement, Broadcom's stock price experienced a slight increase in after-hours trading.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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