Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 86% year over year, as AI semiconductor revenue surged 221% to $16.7 billion. CEO Hock Tan raised fiscal 2026 AI revenue guidance to roughly $58 billion from $56 billion, including $21.7 billion for the fourth quarter. Broadcom said it has secured enough supply to support approximately $115 billion of AI semiconductor revenue in fiscal 2027 and sees potential visibility toward $230 billion in fiscal 2028, although manufacturing capacity and power-ready data centers remain constraints. Demand is being driven by hyperscale cloud operators including Anthropic, Google, OpenAI and Meta, which are deploying custom XPU accelerators and networking hardware. The outlook supports Cantor Fitzgerald analyst C.J. Muse's decision to raise his price target from $525 to $600, while the latest cited analyst consensus was $521.32.