Broadcom's Q3 FY2026 revenue reached $29.6B (+86% YoY), driven by surging demand for AI accelerator chips and networking equipment. AI semiconductor revenue exploded 221% YoY to $1.67B, with guidance indicating continued acceleration to $2.17B in Q4. The company is ramping production of TPU chips for Anthropic and Google, plus custom silicon for OpenAI and Meta, representing multibillion-dollar annual commitments. This reflects the sustained capex cycle underpinning AI infrastructure buildout globally.