Broadcom stock gains 1.6 percent as AI sales surge

Published on 09/22/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Broadcom stock closed at USD 362.66 on September 21, 2026, after a 1.6 percent gain. Q3 revenue rose 85.5 percent to USD 29.59 billion.

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Broadcom stock (ISIN US11135F1012) closed at USD 362.66 on Nasdaq on September 21, 2026, gaining 1.60 percent from the prior close. The move came as renewed confidence in custom AI chips kept semiconductor shares elevated.

AI revenue reaches USD 16.7 billion

Broadcom's fiscal third-quarter results provide the central operating signal. According to MarketBeat on September 21, 2026, revenue reached USD 29.59 billion in the quarter, up 85.5 percent year over year, while adjusted earnings per share came to USD 3.32, USD 0.10 above consensus.

AI semiconductor revenue was USD 16.7 billion in fiscal Q3 2026, ended August 2, 2026, an increase of 221 percent from the prior year. According to Yahoo Finance on September 21, 2026, that AI figure represented about 56.4 percent of total quarterly sales.

Fourth-quarter AI target rises

Management's next checkpoint is fiscal Q4 2026. According to Yahoo Finance on September 21, 2026, Broadcom projected USD 21.7 billion in fourth-quarter AI semiconductor revenue and companywide revenue of about USD 34.8 billion, alongside a 66 percent non-GAAP operating margin.

The comparison with the latest quarter is material: the projected AI figure is USD 5.0 billion above the USD 16.7 billion reported for fiscal Q3. The same growth engine also raises concentration risk because custom accelerators depend on spending decisions by a relatively small group of hyperscale customers.

According to Crypto Briefing on September 21, 2026, Anthropic is projected to become Broadcom's largest custom-chip customer by fiscal 2027. That creates an identifiable counter-factor: a delay or change in one major customer program could affect the pace behind the revenue targets.

Analyst target stays above price

Valuation expectations remain materially higher than the latest Nasdaq close. According to TipRanks on September 21, 2026, Bernstein maintained a Buy rating and a USD 575.00 price target, while the reported consensus target was USD 519.21.

The USD 575.00 target stands USD 212.34 above the September 21 closing price, but it is an analyst estimate rather than a company forecast. Market data show a market capitalization of approximately USD 1.73 trillion and a 50-day simple moving average of USD 378.91, placing the close USD 16.25 below that average.

Broadcom stock remains below its high

Broadcom stock closed at USD 362.66 on Nasdaq on September 21, 2026, after trading between USD 353.50 and USD 363.97. Volume was 26,498,591 shares, and the 52-week range was USD 289.96 to USD 495.00.