Broadcom Inc. Q3 FY2026 Earnings Results vs. Expectations
ReportsSep 2, 2026
SlotAfter Market Close
Results are out
This quarter has reported. The consensus below is what we expected going in.
What the Street expects
EPS · NON-GAAP
$3.23
Range $3.22 to $3.24 per share
QoQ+32.4%
YoY+91.1%
Revenue
$29.47B
Guided ~$29.4B
QoQ+32.8%
YoY+84.7%
QoQ and YoY are what the consensus implies against the prior quarter and the prior year.
Also on the card
Consensus source
Zacks, 1 Sep 2026: $3.22-$3.24 non-GAAP EPS on $29.47B
Company guidance
~$29.4B revenue, +84% YoY; adjusted EBITDA ~68% of revenue
Non-GAAP operating margin
~67% of revenue guided
AI semiconductor revenue
$16.0B guided, over 200% above the $5.2B a year ago
Prior non-GAAP EPS
$2.44 in Q2 FY2026; $1.69 in Q3 FY2025
GAAP EPS
$1.91 in Q2 FY2026; the consensus above is non-GAAP
Other feed
Nasdaq shows $2.83 across 8 estimates; not the company basis
Quarter ended
August 2, 2026
What to watch
- AI semiconductor revenue against the $16.0 billion guide. The most specific number Broadcom gave in June, and the one every case in our model was set to.
- The fourth-quarter AI guide against $20.8 billion. That is the residual of the roughly $56 billion fiscal-year figure management gave on the June call, after $8.4 billion, $10.8 billion and $16.0 billion.
- Whether the more-than-$100 billion fiscal 2027 figure is repeated, raised or reframed. Six custom-silicon customers were named in June; a seventh, or a change in how the figure is described, is worth more than the quarter.
- Non-GAAP operating margin against 67% and gross margin against April's 69.5% GAAP. The AI mix dilutes the gross line; the operating line is guided flat. The gap between the two is the leverage the company keeps citing.
- Non-GAAP EPS against $3.22 to $3.24 and GAAP against April's $1.91. The two bases were 53 cents apart last quarter. The consensus is on the first; only the second is comparable to the series this site carries.
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q4 | — | $0.90 | — |
| 2025 Q1 | — | $1.14 | — |
| 2025 Q2 | — | $1.03 | — |
| 2025 Q3 | — | $0.85 | — |
| 2025 Q4 | — | $1.74 | — |
| 2026 Q1 | — | $1.50 | — |
| 2026 Q2 | — | $1.91 | — |
| 2026 Q3 | $3.23 | $3.32 | +3% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Every quarter
Read the full preview → Q3 FY2026 release page View AVGO stock page