AVGO Broadcom (AVGO) Q3 FY26 earnings call
Broadcom delivered an exceptional quarter, driven by robust demand for its AI semiconductor solutions, particularly custom accelerators (XPUs) for hyperscalers and LLM customers. The company provided significantly raised long-term AI revenue guidance through FY28, underpinned by strategic partnerships and an expanding product portfolio in AI networking. Management emphasized strong operating leverage despite gross margin compression from product mix, and is actively addressing supply chain and infrastructure deployment challenges.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
AVGO operating KPIs by quarter
| KPI | Aug 2025 Q3 FY25 | Nov 2025 Q4 FY25 | Feb 2026 Q1 FY26 | This call 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.