Broadcom AI Chip Revenue Doubles to $6.5B; Backlog Tops $73B
Broadcom reported $6.5 billion in AI chip revenue this quarter and projects $8.2 billion next quarter, representing 100% year-over-year growth. The company’s AI infrastructure backlog exceeds $73 billion over the next six quarters, benefiting from Google’s $175–185 billion and Amazon’s $200 billion AI capital spending forecasts.
1. Big Tech AI Spending Surge
Google has increased its 2026 capital expenditure forecast to $175–185 billion while Amazon plans $200 billion, contributing to an industry-wide AI capex boom expected to reach $550–600 billion next year. These elevated spending levels underpin strong demand for AI hardware suppliers.
2. Broadcom's AI Chip Revenue Growth
Broadcom generated $6.5 billion in AI chip sales this quarter and anticipates $8.2 billion next quarter, equating to 100% year-over-year growth. This surge underscores the company’s ability to capitalize on accelerating AI deployments across hyperscale data centers.
3. Robust Order Backlog
The company’s backlog for XPUs, switches, optics and server racks exceeds $73 billion over the next six quarters. This deep pipeline of orders positions Broadcom as a key AI infrastructure provider with multi-quarter revenue visibility.