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Broadcom Inc. Raises AI Chip Revenue Forecasts to $230 Billion for Fiscal 2028

Broadcom Inc. has increased its revenue projections for AI semiconductors, now expecting to generate approximately $115 billion in AI chip revenue by the fiscal year ending October 2027. This figure represents an increase from a previous forecast of over $100 billion.

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The company further projects that this revenue will double to roughly $230 billion in fiscal 2028. Broadcom Inc. reported a fiscal third-quarter revenue of $29.6 billion, which was an 86% year-over-year increase. During this period, AI semiconductor revenue specifically jumped 221% year-over-year to $16.7 billion. Hock Tan, the President and CEO of Broadcom Inc., stated that demand from the company's four largest AI customers—including OpenAI, Meta, Google, and Anthropic—continues to exceed the current supply. To meet this demand, the company is expanding its infrastructure, including bringing substrate production online in Singapore in fiscal 2027. The company is also scaling networking components alongside custom compute chips to satisfy the needs of major hyperscalers who are seeking alternatives to general-purpose GPUs.

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