Overview
- CEO Hock Tan said the company has line of sight to more than $100 billion in fiscal 2027 revenue from artificial intelligence chips, a target limited to semiconductors rather than software.
- Management tied the outlook to concrete programs at key customers, citing Google’s next‑generation Ironwood chip ramp and OpenAI’s first custom chip effort, with Meta and Anthropic also named.
- Broadcom pointed to accelerating demand for its Tomahawk 6 data‑center switches and other high‑speed networking parts, which customers typically buy before installing AI accelerators, setting up follow‑on chip orders.
- The company reported record first‑quarter revenue of $19.3 billion, up 29% year over year, and guided second‑quarter revenue to about $22 billion with AI semiconductor sales projected to grow 140% and infrastructure software up roughly 9%.
- Executives said supply of leading‑edge wafers and high‑bandwidth memory is locked through 2028, while analysts remain split with Erste cutting the stock to Hold on slower software growth and Oppenheimer naming it a top pick on tight AI capacity through 2027.