What is Broadcom?

Broadcom Inc. is a global technology company designing, developing, and supplying a broad range of semiconductor and infrastructure software solutions. Headquartered in Palo Alto, California, it is one of the world’s largest semiconductor companies by revenue, with products spanning networking, storage, wireless, broadband, and custom silicon. The company has grown significantly through acquisitions, including the landmark $61 billion purchase of VMware completed in November 2023, which added a major enterprise software division alongside its existing semiconductor operations.

Broadcom operates on a fiscal year that ends in late October, making its fiscal Q3 the period from approximately late April to late July. The company reports earnings four times per year, typically in February, May, September, and December. Analysts, institutional investors, and market watchers follow Broadcom’s results closely because its networking chips are central infrastructure for AI data centres, making the company a bellwether for AI capital expenditure by hyperscalers such as Microsoft, Alphabet, Meta, and Apple.

The stock is a component of the Nasdaq-100 and S&P 500 indices. At the time of writing, Broadcom is one of the highest-valued semiconductor companies in the world, with AI demand serving as the primary revenue growth driver since 2025.

AVGO Earnings: Q3 FY2026 Schedule

The Q3 FY2026 earnings release is scheduled for Thursday, September 3, 2026, after market close. Following the release of results, management will host a conference call, typically beginning at 5:00 p.m. Eastern Time, during which CEO Hock Tan and CFO Kirsten Spears will discuss the quarterly results and provide guidance for Q4 FY2026. The call will be webcast live and accessible via the Investors section of the Broadcom website at investors.broadcom.com.

The September 3 date was confirmed by the company via its investor relations page. The fiscal Q3 FY2026 covers approximately the 13-week period ending in late July 2026.

Why AVGO Earnings Matter for Markets

Broadcom has become one of the most closely watched bellwethers for the AI infrastructure investment cycle. Its custom AI accelerator chips (XPUs) are deployed by major hyperscalers and compete in the market dominated by Nvidia’s GPU offerings. The company’s AI networking products, including Tomahawk and Jericho switch chips, are essential components of data centre fabric used in large-scale AI training and inference clusters.

Broadcom guided Q3 FY2026 AI semiconductor revenue to approximately $16.0 billion, representing more than 200% growth year-over-year, according to company guidance issued alongside Q2 FY2026 results in early June 2026. If achieved, this would represent a further step-up from Q2 FY2026, when Broadcom reported total revenue of $22.187 billion. The scale of AI-driven growth has made AVGO’s earnings calls critical events for investors across the technology and AI ecosystem.

Beyond AI semiconductors, the VMware software business acquired in 2023 continues to be integrated. Progress on VMware revenue conversion (from perpetual licences to subscription) and operating margins will be examined by analysts seeking to understand the sustainability and quality of earnings. Any deterioration in VMware churn or pricing would be a concern, while strong software gross margins above 80% would be a positive signal.

What to Watch For in Q3 FY2026

Investors and analysts will focus on several key themes during the Q3 FY2026 earnings release and call:

AI revenue versus guidance: The company guided AI semiconductor revenue to approximately $16.0 billion for Q3. Meeting or beating this figure would reinforce the AI demand story and likely support a positive stock reaction. Missing the guidance would raise concerns about hyperscaler capex slowdowns or competition from Nvidia and other AI chip suppliers.

Total revenue versus consensus: Pre-guidance, Wall Street consensus for Q3 FY2026 revenue stood at approximately $28.47 billion. Broadcom’s own guidance of $29.4 billion exceeded this, setting a higher bar. Analysts will update their models in the weeks before September 3, but the company’s self-guided number will be the primary benchmark against which results are measured.

Q4 FY2026 guidance: As important as the Q3 results is the guidance for Q4 FY2026 (covering August to October 2026), which will be issued alongside the results. Given the sequential revenue growth trajectory, the market will expect Q4 guidance to continue the upward trend. A Q4 guide in the $30 billion or above range would likely be viewed positively.

VMware metrics: VMware subscription and SaaS revenues, annualised contract value (ACV), and renewal rates will be scrutinised. The VMware integration is a multiyear programme and any acceleration in adoption of VMware Cloud Foundation (VCF) would be a positive indicator.

Operating margins: Broadcom guided non-GAAP operating margins of approximately 67% for Q3. Any expansion above this level would be well received, while compression would raise questions about the cost structure of the AI build-out.

Recent Quarterly Results

Source: Broadcom Inc. SEC filings and earnings releases. Q3 FY2026 results are forthcoming on September 3, 2026.

Related Events

• US CPI Report September 2026 – The August 2026 inflation reading, released the same week, which will influence Federal Reserve expectations and the broader risk-on/risk-off backdrop for tech earnings.
• FOMC Rate Decision September 2026 – The Fed’s policy decision on September 16, for which macro data released in early September, including Broadcom’s earnings call commentary, provides context about corporate conditions.
• ECB Rate Decision September 2026 – The European Central Bank’s meeting on September 10, relevant for Broadcom’s substantial European customer base and operations.

Frequently Asked Questions

What does Broadcom do and why do investors follow it so closely?

Broadcom designs and sells semiconductor chips and infrastructure software used in data centres, networking, broadband, and enterprise IT systems. It has become a bellwether for AI infrastructure investment because its custom AI accelerator chips and high-speed networking products are core components of the data centres built by major hyperscalers. Investors track Broadcom’s results to gauge the health of AI capital expenditure, making its earnings calls among the most market-sensitive technology events each quarter.

When exactly will Broadcom report Q3 FY2026 results?

Broadcom is scheduled to report Q3 FY2026 financial results on Thursday, September 3, 2026, after market close (approximately 4:00 p.m. Eastern Time). The earnings conference call will follow, typically beginning at 5:00 p.m. Eastern Time, and will be webcast live via the company’s investor relations website.

What is the analyst consensus for Q3 FY2026 revenue?

Prior to Broadcom’s own Q3 guidance issued alongside Q2 FY2026 results in June 2026, Wall Street consensus for Q3 FY2026 revenue stood at approximately $28.47 billion. Broadcom’s management guidance of $29.4 billion exceeded this consensus, raising the bar for the actual results. Analysts will update their estimates in the weeks before September 3 to reflect the updated outlook.

Featured image: Photo by Adi Goldstein on Unsplash.