By Alex Sirois
Publication Date: 2026-08-07 04:57:00
I keep hitting the buy button on Broadcom, and after the latest quarter I have no interest in stopping.
What pulls me back is the shape of this business. Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is designing custom AI accelerators for a handful of the largest cloud buyers on the planet and selling the Ethernet switching silicon that stitches those clusters together. That is a tollbooth position on the AI buildout, and the receipts keep piling up.
The Numbers That Keep Me Buying
Q2 FY2026 revenue landed at $22.19 billion, up 47.9% year over year, with non-GAAP EPS of $2.44, the eighth consecutive EPS beat. AI semiconductor revenue reached $10.80 billion, up 143% year over year, and management guided Q3 AI revenue to $16.0 billion, over 200% growth. CEO Hock Tan called demand for XPUs and networking “insatiable” and reported over $30 billion in AI bookings in the quarter, with order visibility now extending into 2028. He is standing by a fiscal 2027 AI revenue target…
