Broadcom (AVGO) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended August 2, 2026 and Broadcom published the results on September 2, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Broadcom reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Broadcom's fiscal 2026 ends November 1, 2026, so Q3 fiscal 2026 is the quarter ended August 2, 2026.
• From this quarter Broadcom reports upfront license revenue within products revenue, not subscriptions and services, and reclassified the year-ago split to match. Total and segment revenue were not changed.

Source: Broadcom Q3 fiscal 2026 earnings release, September 2, 2026. Also in the Form 10-Q for the quarter ended August 2, 2026. Figures as reported; checked against the release on November 10, 2026.

How Broadcom splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Broadcom's Semiconductor solutions revenue was $20.8 billion in Q3 fiscal 2026, up 127% from $9.2 billion in Q3 fiscal 2025, 70% of total revenue.
• Broadcom's Infrastructure software revenue was $8.8 billion in Q3 fiscal 2026, up 29% from $6.8 billion in Q3 fiscal 2025, 30% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 fiscal 2026 release, Broadcom said:

“Fourth quarter revenue guidance of approximately $34.8 billion;”

“Fourth quarter non-GAAP operating income guidance of approximately 66 percent of projected revenue.”

“In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year.”

Source: Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026.

This is the company's own guidance as of Sep 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AVGO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net revenue and GAAP diluted EPS, each as first reported in that quarter's release. Broadcom's Q4 release reports the fourth quarter directly, so no quarter here is derived.

Broadcom's next report is scheduled for December 9, 2026. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Sep 2, 2026

Broadcom reports two segments. In Q3 fiscal 2026 semiconductor solutions revenue was $20,839 million, 70% of the $29,591 million total and up 127%, and infrastructure software revenue was $8,752 million, 30% of the total and up 29%. Broadcom's CEO said AI semiconductor revenue was $16.7 billion, up 221% from a year earlier and 54% from the previous quarter. (Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026)

Broadcom's semiconductor solutions segment covers all of its semiconductor product lines and IP licensing; infrastructure software covers private cloud, mainframe software, cybersecurity and enterprise software, and the FC SAN business. In the 10-Q Broadcom put semiconductor growth down to demand for networking solutions, primarily custom AI accelerators and AI networking products, and software growth mainly to demand for VMware Cloud Foundation (VCF), including license revenue recognized on contracts where customers do not have the right to terminate. (Broadcom Form 10-K, fiscal 2025, Dec 18, 2025; Broadcom Form 10-Q, Q3 fiscal 2026, Sep 10, 2026)

Broadcom's revenue is concentrated. Direct sales to one semiconductor solutions customer, which is a distributor, were 50% of net revenue in the quarter, against 32% a year earlier, and Broadcom believes its top five end customers accounted for about 55% of net revenue through all channels, against about 40%. By shipment location, Asia Pacific accounted for $20,944 million of revenue, the Americas $5,513 million and Europe, the Middle East and Africa $3,134 million. (Broadcom Form 10-Q, Q3 fiscal 2026, Sep 10, 2026)

Broadcom's remaining performance obligations on firmly committed multi-year contracts were approximately $179.2 billion at August 2, 2026, including a long-term contract for custom AI accelerators entered in the quarter ended May 3, 2026. Broadcom expects about 25% of that amount to be recognized as revenue over the next 12 months. By type, products revenue was $24,279 million and subscriptions and services $5,312 million. (Broadcom Form 10-Q, Q3 fiscal 2026, Sep 10, 2026)

Broadcom's GAAP diluted EPS was $2.68 in Q3 fiscal 2026 and its non-GAAP diluted EPS $3.32, against $0.85 and $1.69 a year earlier. Non-GAAP net income excludes amortization of acquisition-related intangible assets ($2,006 million in the quarter), stock-based compensation ($2,019 million), restructuring and other charges ($115 million) and a $75 million loss on debt extinguishment, offset by $931 million of non-GAAP tax reconciling adjustments. (Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026)

Broadcom's GAAP provision for income taxes was $2,187 million on income before taxes of $15,275 million, against $1,145 million on $5,285 million a year earlier. Interest expense was $778 million, and long-term debt fell to $57,167 million at August 2, 2026 from $61,984 million at November 2, 2025. (Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026)

Broadcom's GAAP diluted share count was 4,887 million in the quarter, against 4,860 million a year earlier. Its non-GAAP EPS uses 4,937 million shares, because it excludes the effect of stock-based compensation not yet recognized. In the first three quarters of fiscal 2026 Broadcom repurchased and retired 25 million shares for $8,450 million, and $10.1 billion of authorization remained at August 2, 2026. The quarterly dividend is $0.65 per share. (Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026; Broadcom Form 10-Q, Q3 fiscal 2026, Sep 10, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Broadcom gives a numeric outlook in its release. For Q4 fiscal 2026, ending November 1, 2026, it guided revenue of approximately $34.8 billion, an increase of 93 percent from a year earlier, and non-GAAP operating income of approximately 66 percent of projected revenue. Broadcom's CEO said he expects AI semiconductor revenue of $21.7 billion in the quarter, up 236% year-over-year. (Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026)

Broadcom's CFO said the company expects to keep its non-GAAP operating margin at 66%, flat from a year ago. Broadcom says it cannot reconcile projected non-GAAP measures to GAAP without unreasonable effort, so it gives no GAAP EPS outlook. (Broadcom Q3 fiscal 2026 earnings release, Sep 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Broadcom, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Broadcom's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AVGO is on is AVGO a buy or a sell?, what analysts expect next is on the AVGO forecast, and what the company does is on the Broadcom (AVGO) stock page.

Every number on this page can be traced to a document Broadcom published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.