Broadcom Inc. (AVGO)

The company now

Broadcom's newest filed quarter, the three months to 2 August 2026, brought revenue of $29.6 billion, up 86 percent from a year earlier 2. Revenue from AI chips alone was $16.7 billion, up 221 percent, carried by custom AI accelerators and AI networking 21. Net income was $13.1 billion, against $4.1 billion a year before 2.

The demand has changed how Broadcom sells: AI labs often lack the cash to buy racks of chips outright, so Broadcom arranges for lenders to buy them and lease them out 1. In June it launched the AI XPV platform with Apollo and Blackstone, opening with a $35 billion tranche for more than 1 gigawatt of computing for Anthropic 12. Where needed, Broadcom guarantees part of the leases, a promise called a backstop 1.

The first backstop was capped at about $29 billion once all its racks are deployed 1. On 26 October 2026 Broadcom agreed a further one, capped at about $43 billion 3. If the customer defaults, Broadcom pays the gap between 72.5 percent of what is owed on the lease and what the racks sell for 3.

Broadcom calls the backstop a contingent liability with a low probability of occurring, so the open question is whether its AI customers keep paying 3. Meanwhile it guided revenue of about $34.8 billion for the quarter to 1 November 2026 2.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.