Broadcom's AI Revenue Doubled — And It May Not Even Be Halfway Done

Broadcom reported $8.4 billion in AI semiconductor revenue in Q1 FY2026, up 106% year-over-year, with Q2 guidance of $10.7 billion. The company has a $73 billion AI backlog and custom silicon partnerships with major hyperscalers including Meta, OpenAI, Anthropic, and ByteDance. Citi projects AI revenue could reach $115 billion in fiscal 2027 and $180 billion in fiscal 2028, representing 81% of total sales.