StocksMediumUpdated•Originally published 2 October 2026•Updated 2 October 2026•
1 min read
Broadcom Raises 2026 AI Revenue Guidance to $58 Billion
Key Facts
1Broadcom is working with banks and Blackstone on a $60 billion financing plan to support AI chip demand.
2The target financing volume has increased from the previously reported $42 billion to $60 billion to support customers like Anthropic.
Broadcom raised its fiscal year 2026 AI revenue guidance to $58 billion. The upward revision follows an 85.5% year-over-year surge in consolidated revenue during the third quarter, driven by robust demand for advanced computing technologies.
The financial performance comes as the company works with banks and Blackstone on a $60 billion financing plan to support AI chip customers including Anthropic. In equity markets, AVGO closed at $343.64 on October 1, 2026, while Blackstone (BX) closed at $112.24 on the same date.