Broadcom AI Revenue Up 65% to $20B; $73B AI Backlog
Broadcom's AI revenue grew 65% to $20 billion in fiscal 2025, accounting for nearly one-third of total sales, while AI backlog reached $73 billion out of $162 billion total backlog. Shares climbed 50.6% last year after a 5% gain in Q4, and AI revenues are forecast to accelerate in FY2026.
1. AI Revenue Surge
In fiscal 2025, Broadcom generated $20 billion in AI-related revenues, marking a 65% year-over-year increase and representing nearly one-third of its total revenues.
2. Expanding Backlog
The company reported an AI-specific backlog of $73 billion, which constitutes almost half of its overall $162 billion backlog, highlighting robust demand for its AI compute and networking solutions.
3. Customer Ramp-up
Key customers such as Google continued to ramp AI chip volumes, and additional large clients entered significant volume production, driving strong momentum in the fourth quarter.
4. Financial Performance and Outlook
Shares rose 5% in Q4 and 50.6% over 2025; management projects further AI revenue acceleration in fiscal 2026, supported by VMware integration progress and durable demand for full-stack infrastructure solutions.