The chipmaker expects fourth-quarter AI revenue of $21.7 billion.
Broadcom raised its fiscal 2027 AI-chip revenue forecast to about $115 billion on September 28. Following the update, the company's shares slipped roughly 0.7% to $350.10 during morning trading.
In its latest quarter, Broadcom reported $16.7 billion in AI-chip revenue, marking a 54% increase from the prior quarter. For the fourth quarter, the custom-chip and infrastructure-software company expects AI-chip revenue to reach $21.7 billion. Free cash flow stood at $13.7 billion, representing 46% of total revenue.
The fourth-quarter projection represents an annualized run rate of $86.8 billion. To meet its $115 billion forecast for fiscal 2027, Broadcom will require further revenue growth from customer orders and actual chip shipments.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
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