AVGO Broadcom (AVGO) Q3 FY25 earnings call
Broadcom delivered a strong Q3 FY25, driven by record AI semiconductor revenue and robust infrastructure software performance, leading to record overall revenue and adjusted EBITDA. The company secured a record $110 billion backlog, significantly boosting its FY26 AI revenue outlook with the addition of a fourth major XPU customer. While non-AI semiconductor demand remains slow, the company is focused on driving value through its integrated cloud platform and continued AI innovation.
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AVGO operating KPIs by quarter
| KPI | This call Aug 2025 Q3 FY25 | Nov 2025 Q4 FY25 | Feb 2026 Q1 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Backlog | $110BAnd our current consolidated backlog for the company hit a record of $110 billion.Source: earnings call transcript | $162BAnd all these components combined with XPUs, bring our total order on hand in excess of $73 billion today, which is almost half Broadcom's consolidated backlog of $162 billion.Source: earnings call transcript | — | — | +47.3% |
| Customers XPU | — | — | 5Now we expect this momentum to accelerate as our custom AI XPUs hit their next phase of deployment among our 5 customers.Source: earnings call transcript | 6Our 6 XPU customers are accelerating the adoption of custom accelerators.Source: earnings call transcript | +20% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.