Broadcom stock gains as AI revenue surges 221 percent

Published on 10/05/2026 at 21:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Broadcom stock was trading at USD 363.38 on October 5, 2026, while fiscal Q3 revenue reached USD 29.59 billion. AI chip sales rose 221 percent.

Geometrisches Bauhaus-Poster mit Kreisen, Linien und dem Schriftzug TECH in Primärfarben — Broadcom Inc. (US11135F1012): geometrisches Bauhaus-Stil-Poster mit kräftigen Formen, Primärfarben und dem großen Schriftzug TECH, Illustration mit AI erstellt.

Broadcom Inc. stock (ISIN US11135F1012) was trading at USD 363.38 on Nasdaq at 3:05 p.m. ET on October 5, 2026, up 2.32 percent from the prior close. The company enters the session with fiscal Q3 revenue of USD 29.59 billion, up 85.5 percent year over year, keeping artificial intelligence demand at the center of its valuation story.

AI revenue sets the pace

Broadcom's latest reported quarter ended August 2, 2026. According to MarketBeat, adjusted earnings reached USD 3.32 per share against a USD 3.22 consensus estimate, while revenue exceeded the USD 29.24 billion estimate.

The sharper growth came from AI semiconductors. Broadcom reported fiscal Q3 AI semiconductor revenue of USD 16.7 billion, up 221 percent year over year, and guided to USD 21.7 billion for fiscal Q4, implying 236 percent growth, according to MarketBeat. For investors, the key test is whether that acceleration can continue as the revenue base expands.

Consensus stays above the quote

MarketBeat lists a Moderate Buy consensus based on one Strong Buy, 37 Buy ratings and three Hold ratings. Its average price target is USD 527.20, which places the target 45.1 percent above Broadcom stock's USD 363.38 Nasdaq price on October 5, 2026, according to MarketBeat.

Analyst views are not uniform. Investing.com reported on October 2, 2026, that UBS reiterated a Buy rating and a USD 470 price target, while DA Davidson cut its target from USD 400 to USD 350 and BMO raised its target to USD 575. The split reflects the central tradeoff: extraordinary AI growth against elevated expectations and execution risk.

Broadcom stock remains below its high

Broadcom stock's October 5 intraday range was USD 356.14 to USD 363.87, while its 52-week range stood at USD 289.96 to USD 495.00. The market capitalization was USD 1.7 trillion and volume reached 12,297,150 shares at the same October 5 market timestamp.

The next reported checkpoint is scheduled for December 10, 2026, after the market closes, according to Seeking Alpha. Until then, fiscal Q4 AI revenue of USD 21.7 billion provides the clearest numerical benchmark for the growth narrative.