By Vandita Jadeja
Publication Date: 2026-05-13 13:58:00
Quick Read
Broadcom (AVGO) reported AI semiconductor revenue of $8.4B in fiscal Q1 2026, growing 106% year-on-year, with Q2 guided to $10.7B and management targeting AI chip revenue exceeding $100B in 2027; secured customers include Google, Anthropic, Meta, and OpenAI deploying across multiple gigawatts.
Broadcom is capturing the dominant share of custom AI silicon for frontier model developers while maintaining leading-edge manufacturing capacity through 2028 and returning aggressive cash to shareholders through buybacks and dividend growth.
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I keep hitting the buy button on Broadcom (NASDAQ:AVGO) because I have never watched a company sit this squarely on the single biggest capital cycle of my lifetime while acting like a cash-return machine for shareholders. Custom AI silicon for the handful of companies building frontier models, paired with a…
