AVGO

Broadcom AVGO reported third-quarter fiscal 2026 non-GAAP earnings of $3.32 per share, up 96.4% year over year and 3.11% above the Zacks Consensus Estimate. Revenues surged 85.5% year over year to $29.59 billion and beat the consensus mark by 0.41%. Strong custom AI accelerator and networking demand drove the quarterly results. AI semiconductor revenues jumped 221% year over year to $16.7 billion. Broadcom Inc. price-consensus-eps-surprise-chart | Broadcom Inc. Quote AI semiconductor revenues represented 56% of total revenues. XPU shipments increased more than 3.5 times year over year and accounted for 73% of AI revenues, while AI networking revenues rose more than 2.5 times.Broadcom shipped Ironwood TPU v7 in high volume to Anthropic and Google, began production shipments of Google’s next-generation TPU v8i and shipped OpenAI’s first-generation Jalapeno custom accelerator. AVGO expects Meta’s MTIA accelerator to enter production shipments in the fourth quarter.Semiconductor Solutions revenues surged 127% year over year to a record $20.84 billion and represented 70% of total revenues. Non-AI semiconductor revenues were $4.2 billion, up 5% year over year and flat sequentially.The segment's operating margin rose 440 basis points (bps) year over year to 61% as revenue growth outpaced operating expense growth. Broadcom continues to invest in research and development while expanding capacity for substrates and optical components to support semiconductor demand. Infrastructure Software revenues increased 29% year over year to $8.75 billion and contributed 30% of total revenues. Annualized recurring revenue (ARR) grew 15% year over year.Software operating margin expanded 650 bps year over year to roughly 84%. Broadcom also introduced VMware Private AI Cloud, aimed at letting enterprises run AI alongside existing applications while maintaining security, compliance and control over data. Non-GAAP gross margin was $22.19 billion, translating to a 75% gross margin. The margin declined 210 bps sequentially as AI semiconductor revenues became a larger part of the sales mix.Non-GAAP operating expenses were $2.1 billion compared with $2.04 billion a year earlier. Non-GAAP operating income increased 92% year over year to $20.1 billion, while the operating margin reached 67.9%, reflecting operating leverage from the sharp revenue increase. The company ended the quarter with $24 billion in cash and cash equivalents.Broadcom generated $14.20 billion in cash from operations and spent $532 million on capital expenditures. Free cash flow reached a record $13.67 billion, equal to 46% of revenues.AVGO paid $3.1 billion in dividends and reduced long-term debt by $5.6 billion during the quarter. The board also approved a quarterly dividend of 65 cents per share. For the fourth quarter of fiscal 2026, Broadcom expects revenues of approximately $34.8 billion, representing 93% year-over-year growth. Semiconductor revenues are projected at about $26.1 billion, including $21.7 billion of AI semiconductor revenues, up 236%.Infrastructure Software revenues are expected at roughly $8.7 billion. Broadcom forecasts a non-GAAP operating margin of about 66% and a gross margin of approximately 73% as the mix shifts further toward XPUs with higher memory content. Broadcom now expects fiscal 2026 AI semiconductor revenues of $58 billion, up 186% year over year and above its prior $56 billion outlook. The company has secured supply to support approximately $115 billion of AI semiconductor revenues in fiscal 2027.AVGO also sees fiscal 2028 AI semiconductor revenues reaching $230 billion. The company said demand exceeds its fiscal 2027 outlook, while deployment timing depends on factors including data-center readiness, leading-edge silicon, substrates and memory supply. Broadcom carries a Zacks Rank #3 (Hold) at present.Some better-ranked stocks in the broader Zacks Computer and Technology sector are Silicon Motion Technology SIMO, Sandisk SNDK and Teradyne TER. Each of the three stocks sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rates for Silicon Motion Technology, Sandisk and Teradyne are pegged at 53.59%, 48.16% and 54.38%, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Sandisk Corporation (SNDK) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Silicon Motion Technology Corporation (SIMO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Broadcom Inc. (NASDAQ:AVGO) reported its Q3 results after the market closed on Wednesday, Sept. 2, 2026. Here are the headline numbers: Revenue of $29.59 billion -- up from $15.95 billion a year earlier Adjusted earnings per share (EPS) of $3.32 -- up from $1.69 per share a year earlier While the semiconductor giant's top and bottom lines grew explosively and beat Wall Street's targets, Broadcom's revenue guidance was less-than-perfect. That's making some investors nervous. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » The incredible growth -- unsurprisingly -- came primarily from Broadcom's AI business. Revenue from AI chips reached $16.7 billion, up 221% year over year and 54% from the previous quarter. Broadcom expects that figure to climb again to $21.7 billion in the fourth quarter, which would clock in at 236% year-over-year growth. Growth was not limited to AI, however. Total semi sales grew 127% to $20.8 billion, while infrastructure software revenue rose 29% to $8.8 billion. The company brought in $14.2 billion in operating cash flow while spending just over $500 million on capital expenditures (capex). That left $13.7 billion in free cash flow (FCF). According to data from LSEG, analysts had expected Broadcom to forecast $35.03 billion in Q4 sales. It fell short of that mark, setting forward guidance of $34.8 billion. Now, that's not a huge gap by any means. A few hundred million is small potatoes at this scale. But expectations are sky-high right now for any company in Broadcom's position. The company makes custom AI accelerators -- chips built around a customer's particular workload -- and sells important AI networking equipment. That's made it one of the biggest beneficiaries of the AI data-center boom aside from Nvidia. Investors have come to expect earnings beats as the bare minimum and are extremely sensitive to forward guidance, wary of any signs that the AI train is slowing. That means Broadcom can grow fourth-quarter revenue by a projected 93% and still disappoint if investors were already counting on something slightly better. And as the numbers get larger, maintaining today's growth rates becomes much harder even if demand remains healthy. And if demand weakens even a little, a stock trading with a price to earnings (P/E) ratio above 60 will take a real hit. Right now, that doesn't look like a threat in the near term. Broadcom has an agreement to supply Alphabet's Google with custom AI processors through 2031. But the tech giant just struck a custom-chip deal with Marvell Technology last month. At this point, it's not really cause for concern, but it's something to watch. It shows that large customers don't want to depend entirely on one supplier. And over time, they may want to bring more of the work in-house. This was obviously an exceptional quarter, and I don't mean to imply a guidance miss of less than 1% undoes that. I'm just pointing out that at this point the market expects exceptional. And now, as you look to the next round of earnings, I would pay close attention to margins. Can Broadcom maintain its pricing power as it grows? Before you buy stock in Broadcom, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Broadcom wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $435,803!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,334,577!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of September 2, 2026. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Broadcom, Marvell Technology, and Nvidia. The Motley Fool has a disclosure policy. Broadcom Earnings: AI Chip Sales Tripled. Here's the $34.8 Billion Number Investors Need to Watch. was originally published by The Motley Fool

Broadcom Inc. (AVGO) came out with quarterly earnings of $3.32 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.11%. A quarter ago, it was expected that this chipmaker would post earnings of $2.4 per share when it actually produced earnings of $2.44, delivering a surprise of +1.67%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Broadcom Inc., which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $29.59 billion for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 0.41%. This compares to year-ago revenues of $15.95 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Broadcom Inc. shares have added about 6.8% since the beginning of the year versus the S&P 500's gain of 11.5%. While Broadcom Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Broadcom Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.83 on $35.16 billion in revenues for the coming quarter and $11.74 on $106.07 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the top 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Ambarella (AMBA), another stock in the same industry, has yet to report results for the quarter ended July 2026. The results are expected to be released on September 3. This video-compression chipmaker is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +6.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Ambarella's revenues are expected to be $108.03 million, up 13.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Ambarella, Inc. (AMBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Credo Technology Group Holding Ltd CRDO reported stellar performance for the first quarter of fiscal 2027 yesterday, but investors seem wary. Shares are down 10% in pre-market trading today, despite quarterly revenues surpassing management’s guidance and the company maintaining an aggressive growth outlook for the year.Credo continues to benefit from the rapid buildout of artificial intelligence (AI) infrastructure, driving demand for its active electrical cables (“AEC”), optical solutions and retimers.However, the expectations now seem demanding as the next leg of growth hinges on a sharp ramp in the optical business. For investors evaluating CRDO today, the investment debate goes beyond the headline numbers and centers on whether its expanding opportunity set is sufficient to offset the associated execution risks. Credo reported fiscal first-quarter revenues of $479 million, up 10% sequentially and 115% year over year. It also beat the Zacks Consensus Estimate by 0.7%. The company has posted triple-digit year-over-year growth for seven consecutive quarters. Non-GAAP gross margin came in at 68%, compared with 67.6% in the prior-year quarter. Non-GAAP operating expenses increased to $95.2 million from $54.5 million in the prior-year quarter. The increase reflected continued investment in research and developmentNon-GAAP operating income rose to $230.6 million from $96.2 million, producing a non-GAAP operating margin of 48.2%. Non-GAAP net income margin reached 49.3% in the fiscal first quarter, compared with 44.1% in the year-ago quarter, underscoring the company’s ability to convert top-line growth into bottom-line profitability. Non-GAAP earnings per share came in at $1.20, up 130.8% and beat the consensus estimate by 2.6%. Image Source: Zacks Investment Research Cash flow from operations was $90.2 million, down from $92 million sequentially, primarily due to working-capital changes. Capital expenditures were $7.3 million, resulting in free cash flow of $82.9 millionCash and cash equivalents and short-term investments stood at $764.3 million, a decrease of $679 million from the previous quarter due to the cash outlay for the DustPhotonics acquisition.For the fiscal second quarter, management expects revenues between $525 million and $535 million. Non-GAAP gross margin is expected to be between 67% and 69%, and non-GAAP operating expenses are expected to be $100-$105 million. Credo continues to forecast more than 85% year-over-year revenue growth for fiscal 2027, aided by an expected second-half inflection CRDO’s focus on high-performance, energy-efficient connectivity solutions gives it strategic relevance as hyperscalers and cloud service providers overhaul their network architectures.As AI clusters grow to hundreds of thousands of GPUs, connectivity is emerging as a critical constraint. Management highlighted that the challenge is no longer just bandwidth, but also reliability, power efficiency, signal integrity, telemetry and serviceability.Credo believes its system-level approach, which combines silicon, firmware, manufacturing tests and qualification, remains a key differentiator. AEC is a system-level product for CRDO and its core growth engine. The company now has deep relationships with five hyperscalers, alongside expanding engagement with Neocloud customers. Credo continues to see higher AEC penetration within existing customers as deployments scale, while the shift toward 200-gig-per-lane 1.6T ports provides another growth opportunity. The most significant shift in Credo’s business mix is unfolding in its optical segment. Management continues to project more than $600 million in optical revenues, with ZeroFlap optics, silicon photonics PICs and optical DSPs each contributing more than $100 million. Credo added that its optical DSP business generated “record revenues” in the fiscal first quarter. The company also recognized its first silicon-photonics PIC revenues following the DustPhotonics acquisition, with initial wins involving 800-gig and 1.6T optical transceivers.ZeroFlap Optics represents another important opportunity. Management noted that production shipments are underway, and it expects additional fiscal 2027 customer ramps across both 800-gig and 1.6T products involving hyperscalers and Neocloud operators.Beyond AEC and optics, the retimer business is another lucrative opportunity. Management noted that the retimer business also delivered record quarterly revenues, supported by scale-up deployments of Screaming Eagle at 100-gig-per-lane and initial contributions from its 200-gig-per-lane Blue Heron retimer.Longer-term opportunities include Active LED Cables and OmniConnect. Credo continues to expect initial ALC revenues in fiscal 2028. Further, management added that OmniConnect could represent “thousands of dollars of Credo content per GPU”, with revenues also expected to begin in fiscal 2028. CRDO's growth does not come without meaningful risks. In the fiscal first quarter, four customers generated roughly 84% of quarterly revenues. Customer concentration is a major concern as it exposes the company to shifts in customer spending decisions and could materially affect results.Execution risk is another risk factor. Much of the expected growth in fiscal 2027 is dependent on a successful ramp in the optical business. Any delay in deployment or broader industry transitions could affect this ramp.Macroeconomic uncertainties and exposure to the AI investment cycle amid increasing market competition from the likes of Broadcom AVGO, Marvell Technology MRVL and Astera Labs ALAB may also impact CRDO’s growth trajectory. CRDO is trading at a forward 12-month price/earnings ratio of 30.09X, higher than the Electronic-Semiconductors sector’s multiple of 13.31X. Image Source: Zacks Investment Research The market is pricing in the explosive revenue momentum, strong profitability and expanding hyperscaler relationships. However, this leaves very little room for error. Any execution missteps or demand-supply chain troubles could lead to heavy volatility in the stock.In comparison, Broadcom trades at a forward 12-month P/E multiple of 20.64X, while Astera Labs and Marvell are trading at a multiple of 50.99X and 36.69X, respectively.Over the past year, CRDO has gained 65.6%. In comparison, the Electronic-Semiconductors industry, the broader Computer and Technology sector and the S&P 500 are up 46.1%, 27.2% and 19.7%, respectively. Image Source: Zacks Investment Research Investor enthusiasm around AI buildout has benefited other semiconductor stocks as well. Marvell Technology, Broadcom and Astera Labs have gained 237.7%, 22.3% and 58.5%, respectively. Credo's fiscal first-quarter performance reinforces the strength of its fundamental growth story. The company is aligned with one of the most powerful and durable trends in technology, the rise of AI-driven infrastructure. The expanding portfolio is particularly encouraging. Optical DSPs, silicon-photonics PICs, ZeroFlap Optics, retimers, ALCs and OmniConnect could steadily broaden Credo's addressable market and reduce its dependence on a single product category over time.However, customer concentration, increasing expenses and the need to execute a substantial second-half optical ramp leave little room for disappointment.The long-term growth opportunity remains compelling, but the near-term risk-reward warrants some caution. Existing investors may stay put, but new investors would be better off waiting for a favorable entry point. At present, CRDO carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Credo Technology Group Holding Ltd. (CRDO) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Astera Labs, Inc. (ALAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Broadcom Inc.? Here are five stocks we like better. Record results were driven by AI demand: Third-quarter revenue surged 86% year over year to $29.6 billion, while free cash flow reached a record $13.7 billion. AI semiconductor revenue rose 221% to $16.7 billion and represented 56% of total revenue. Broadcom projects accelerating AI growth: The company forecasts fourth-quarter AI semiconductor revenue of $21.7 billion and expects fiscal 2026 AI revenue of $58 billion, with long-term outlooks of approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028. Customer demand remains strong, but deployment faces constraints: Broadcom cited commitments from Google, Anthropic, OpenAI and Meta, while warning that data-center readiness, power, land, advanced wafers, substrates and high-bandwidth memory could limit the pace of deployments. Broadcom’s Earnings Test Comes With a Higher Bar After NVIDIA’s Blowout Broadcom (NASDAQ:AVGO) reported record third-quarter fiscal 2026 revenue, operating income and free cash flow, driven by sharply higher demand for artificial intelligence semiconductors and custom AI accelerators. Revenue rose 86% year over year to $29.6 billion, while operating income increased 92% to a record $20.1 billion. Non-GAAP diluted earnings per share grew 96% from a year earlier to $3.32. The company generated record free cash flow of $13.7 billion, equal to 46% of revenue. → AST SpaceMobile Is Down 54%—Can FCC Progress and BlueBirds Reverse the Slide? 3 AI Infrastructure Stocks to Watch Beyond NVIDIA “We delivered an exceptional quarter with revenue, operating income and free cash flow all exceeding prior records,” President and CEO Hock Tan said. He said AI semiconductor revenue grew 221% year over year and 54% sequentially to $16.7 billion during the quarter. Broadcom’s Semiconductor Solutions segment produced record revenue of $20.8 billion, up 127% year over year and accounting for 70% of consolidated revenue. AI semiconductor revenue represented 56% of total company revenue, compared with 49% in the preceding quarter. → Palo Alto’s Rally Has One Big Problem Ahead of Earnings MarketBeat Week in Review – 08/24 - 08/28 Tan said the company’s XPU shipments rose more than 3.5 times from a year earlier and represented 73% of AI revenue in the third quarter. AI networking revenue increased more than 2.5 times year over year. During the quarter, Broadcom delivered high-volume shipments of Ironwood TPU v7 to Anthropic and Google, while beginning production shipments of Google’s next-generation TPU v8i. It also shipped Jalapeño, OpenAI’s first-generation custom accelerator. Tan said Broadcom expects production shipments of Meta’s custom MTIA accelerator in the fourth quarter. → Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Tan said the company believes custom accelerators can offer superior performance, cost and power characteristics for customers’ specific large-language-model workloads. He also described Jalapeño as outperforming Grace Blackwell GPUs for certain inference workloads, citing OpenAI’s announcement, and said it was comparable to Vera Rubin GPUs in running OpenAI workloads. For the fourth quarter, Broadcom forecast consolidated revenue of approximately $34.8 billion, up 93% year over year. It expects semiconductor revenue of about $26.1 billion, including $21.7 billion in AI semiconductor revenue, which would represent growth of more than 236% from the prior-year period. Infrastructure software revenue is expected to be approximately $8.7 billion in the fourth quarter, up 25% year over year. Broadcom expects consolidated operating margin of about 66%. Fiscal third-quarter AI semiconductor revenue: $16.7 billion Fiscal fourth-quarter AI semiconductor revenue forecast: $21.7 billion Fiscal 2026 AI revenue forecast: $58 billion, up 186% year over year Fiscal 2027 AI revenue outlook: approximately $115 billion Fiscal 2028 AI revenue outlook: approximately $230 billion Tan said the company has secured supply to support its fiscal 2027 AI revenue outlook and has line of sight to supply needed for its fiscal 2028 target. He said demand exceeds the company’s current 2027 outlook, but Broadcom is accounting for the pace at which chips can be deployed at customer data centers. “This is real demand,” Tan said, pointing to customer data-center readiness as well as the availability of leading-edge wafers, substrates and high-bandwidth memory. Broadcom said it expects Google to purchase multi-tens of billions of dollars of TPUs annually over the next several years under a long-term agreement for future TPUs and AI networking. Tan said Anthropic is expected to deploy an additional 5 gigawatts of TPU v8i in 2027 and an incremental 10 gigawatts in 2028. OpenAI is expected to deploy 1.3 gigawatts of Jalapeño in 2027, with Broadcom having line of sight to more than 5 gigawatts of Jalapeño and successor products in 2028. Broadcom also highlighted its AI networking portfolio, including its Tomahawk Ethernet switches, PCI Express switching products and optical interconnect components. Charlie Kawwas, president of the Semiconductor Solutions Group, said Tomahawk 6 has been deployed across nearly all AI hyperscalers working with Broadcom on XPUs, as well as at customers not using Broadcom accelerators. Kawwas said Tomahawk Ultra, designed to support scale-up networking with low-latency Ethernet, began deployment during the current quarter and is expected to see further use in fiscal 2027. He said Broadcom is seeing the technology used in both XPU and some GPU clusters. Management identified land, power and data-center shell availability as important factors in determining the timing of customer deployments. Tan also cited leading-edge silicon, substrates, high-bandwidth memory and system memory as potential supply-chain constraints. Broadcom plans to begin using its Singapore fabrication facility for substrates in fiscal 2027. Kawwas said the company is also more than tripling year-over-year capacity at its indium phosphide factories for EML, CW laser and VCSEL products, with manufacturing operations in the U.S. and Singapore. Infrastructure software revenue increased 29% year over year to $8.8 billion, while annual recurring revenue grew 15%. The segment’s operating margin was approximately 84%, up 650 basis points from a year earlier. Tan said Broadcom introduced VMware Private AI Cloud, which is intended to provide enterprises with a platform to build and operate AI alongside existing applications while protecting data and supporting security and compliance requirements. He said VMware Cloud Foundation is also helping customers move workloads from public clouds to private clouds. Chief Financial Officer Amie Thuener said consolidated gross margin was 75% in the third quarter, down 210 basis points sequentially because AI semiconductors made up a larger share of sales. The company expects fourth-quarter gross margin of roughly 73%, reflecting the increasing mix of XPUs and their greater memory content. Thuener said management remains focused on operating margin rather than gross margin alone, given the company’s operating leverage. Broadcom ended the quarter with $24 billion in cash and $4.5 billion in inventory. It paid $3.1 billion in dividends and repaid $5.6 billion of long-term debt during the quarter, followed by another $1.5 billion of senior notes after quarter-end. The company expects fourth-quarter capital expenditures of $1.4 billion as it invests in semiconductor capacity. Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia. On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Broadcom Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.