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AI Accelerators and Networking Fuel Broadcom's Growth: What's Ahead?
ZACKS· 2026-07-31 03:05
The growth outlook remains strong, as quarterly AI semiconductor bookings exceeded $30 billion. Broadcom expects AI revenues to accelerate to $16 billion in the third quarter, representing growth of more than 200% year over year, and forecasts total Semiconductor Solutions revenues of approximately $20.5 billion. Long-term agreements covering multiple generations of XPUs and networking products with major hyperscalers and AI companies are strengthening revenue visibility. The company's remaining performance ...