Broadcom targets over $100B in AI semiconductor revenue by 2028

Broadcom just reported $8.4 billion in AI revenue for a single quarter. That number was up 106% year over year. And according to the company’s own guidance, they’re just getting started.

The semiconductor giant is now charting a course toward more than $100 billion in annual AI semiconductor revenue by fiscal year 2027, with some analysts projecting figures could surpass $150 billion by FY2028.

The numbers behind the ambition

Bookings have exceeded $30 billion in recent quarters, signaling that demand for the company’s AI offerings isn’t theoretical. CEO Hock Tan has pointed to long-term contracts that extend visibility well into 2028.

The quarterly trajectory tells the story clearly. Q1 FY2026 delivered $8.4 billion in AI revenue. Q2 guidance came in at $10.7 billion. Q3 guidance jumped to $16 billion. That’s nearly doubling within three quarters.

For the full fiscal year 2026, Broadcom expects AI revenue of approximately $56 billion, representing a 180% year-over-year increase.

Broadcom’s most recent earnings report in June 2026 showed strong growth across the board, but the Q3 AI revenue guidance landed slightly below what some analysts had penciled in, leading to stock volatility.

What’s actually driving this growth

Broadcom has carved out a niche building custom AI accelerators, known as XPUs or ASICs, designed specifically for hyperscale cloud providers. The customer list includes Google, Meta, Anthropic, and OpenAI.

The OpenAI partnership is particularly notable. The two companies are collaborating on custom chips with production slated to begin in 2026.

Beyond custom accelerators, Broadcom’s networking solutions form the other critical pillar. Broadcom’s networking portfolio, which includes its Jericho and Memory fabric technologies, serves as the connective tissue inside AI data centers.

What this means for the broader tech and crypto landscape

When Broadcom’s bookings exceed $30 billion, that’s Google, Meta, and others writing massive checks for chips they’ll need years from now.

For crypto markets, several publicly traded miners have begun repurposing data center capacity for AI and high-performance computing contracts. As AI chip demand grows, it creates opportunities for these hybrid operators to tap into a market with potentially higher margins than pure cryptocurrency mining. There remains no direct exposure to crypto tokens or protocols linked to Broadcom’s revenue targets.

For investors watching Broadcom specifically, any production hiccups at TSMC, where Broadcom’s advanced chips are fabricated, could derail the timeline. Amazon, Google, and Microsoft are all developing their own in-house chips as well, which could eventually reduce their dependence on third-party suppliers like Broadcom.

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