Broadcom Targets $230 Billion in AI Revenue by 2028 on Strong Demand

Key Facts

1Broadcom's AI semiconductor revenue reached $16.7 billion.

2Management expects AI revenue to reach $115 billion in FY2027 and $230 billion by FY2028.

3The company has $126.8 billion in purchase commitments concentrated in FY2027 and FY2028 to support supply ramp.

Broadcom's AI semiconductor revenue reached $16.7 billion as the company expands its market share in custom accelerators and connectivity. Seeking Alpha reported that management expects AI revenue to reach $115 billion in fiscal year 2027 and $230 billion by fiscal year 2028. The aggressive guidance underscores the company's efforts to solidify its competitive position beyond hyperscale chip supply.

The company has secured $126.8 billion in purchase commitments concentrated in 2027 and 2028 to support its supply ramp. Regarding market performance, AVGO closed at $376.51 on October 7, 2026. During that session, the stock reached a high of $376.97 and a low of $369.12.