Broadcom CEO Eyes $100B AI Chip Sales by 2027, Buys Back $10B Stock
Broadcom CEO Hock Tan targets AI chip sales exceeding $100B by 2027, up from $20B in 2025, backed by secured supply capacity and partnerships with Google, OpenAI, Meta and Anthropic. In FQ2, AI revenue more than doubled to $8.4B and Broadcom announced a $10B stock buyback.
1. CEO Forecast and Strategic Target
Broadcom CEO Hock Tan announced that AI chip sales are projected to exceed $100 billion by 2027, a fivefold increase from $20 billion in 2025, underscoring the company’s aggressive growth ambitions in the artificial intelligence market.
2. AI Revenue Surge and Quarterly Outlook
In the most recent fiscal quarter, AI-related revenue more than doubled to $8.4 billion, surpassing internal targets, while the company issued an FQ2 revenue outlook of $22 billion, outpacing analyst projections.
3. Supply Chain and Collaboration Highlights
Broadcom has secured the necessary supply chain capacity to support its expansion and has deepened collaborations on custom AI accelerators and networking hardware, including high-volume contracts with Google’s TPU teams, OpenAI, Meta Platforms and Anthropic.
4. Capital Return Plan
To signal confidence in its long-term trajectory, Broadcom unveiled a $10 billion stock buyback program through the end of the year, supplementing the $7.8 billion of repurchases completed in the first fiscal quarter.