By Trefis Team
Publication Date: 2026-08-26 12:31:00
Nearly half of Broadcom’s revenue now comes from AI semiconductors, and the accelerators inside that line are built for a short list of core customers.
Broadcom (AVGO) trades near $356, about 26% below its 52-week high, and the easy read on an AI winner down that far is that the stock has finally gone on sale. It has not. The number a holder should sit with is not the size of the decline; it is how much of this company now rides on the purchase plans of a very short list of buyers.
AI Semiconductors Are 49% Of Revenue, And The Fiscal Q3 Guide Pushes That Higher
In fiscal Q2 2026, AI semiconductors accounted for 49% of quarterly revenue of $22.2 billion, by the company’s own breakdown. That is no longer a growth business bolted onto a diversified chip and software franchise; it is the franchise. The fiscal Q3 2026 guide is heavier still: $16 billion of AI semiconductor revenue inside $29.4 billion of consolidated revenue, roughly 54% of the total. That…
