By Katie Tarasov
Publication Date: 2026-03-05 01:45:00
Broadcom CEO Hock Tan.
Lucas Jackson | Reuters
Broadcom CEO Hock Tan sees the artificial intelligence boom gaining so much steam that he’s projecting AI chip revenue next year “significantly in excess of $100 billion.”
After the chipmaker reported better-than-expected results for the fiscal first quarter and issued a strong forecast for the current period, Tan said on his company’s earnings call that demand is picking up from large customers that are increasingly in need of Broadcom’s help in designing custom silicon.
“We have also secured the supply chain required to achieve this,” Tan said, regarding the 2027 sales target.
AI revenue in the first quarter more than doubled from a year earlier to $8.4 billion, while total sales increased 29% to $19.3 billion. The company expects AI semiconductor revenue of $10.2 billion this quarter.
Broadcom shares popped more than 5% in extended trading on Thursday after Tan’s comments.
Chip companies like Broadcom have faced a number of headwinds…
