Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDaniel Sparks, The Motley FoolFri, September 4, 2026 at 1:12 AM GMT+2 5 min readFor the past three months, the biggest number attached to Broadcom (NASDAQ:AVGO) was CEO Hock Tan's forecast of more than $100 billion in artificial intelligence (AI) semiconductor revenue for fiscal 2027. On Wednesday evening's earnings call, he replaced it.The new fiscal 2027 target is about $115 billion. And for the first time, Tan put a number on fiscal 2028: $230 billion, about four times the $58 billion of AI revenue Broadcom now expects for the current fiscal year.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »Both years, he told analysts, come with the supply already secured.The forecasts landed on top of a record quarter. In the fiscal third quarter of 2026 (the period ended Aug. 2), revenue rose 86% year over year to $29.6 billion, and net income more than tripled to $13.1 billion. Still, doubling AI revenue twice more in two years is a promise about manufacturing as much as about demand.Image source: The Motley Fool.Two more doublingsBroadcom now expects $58 billion of AI semiconductor revenue in fiscal 2026, up 186% from about $20 billion last year. "In 2027, we have secured the supply to again double AI revenue to approximately $115 billion," Tan said on the call. And demand, he added, "actually exceeds this outlook." He extended the same line to fiscal 2028, with what he called line of sight to $230 billion. "Here again, we have secured the supply to meet this outlook," he said.AI semiconductor revenue was $10.8 billion in the fiscal second quarter. Not only did it jump to a record $16.7 billion in the fiscal third quarter, up 221% year over year, but guidance also calls for $21.7 billion in the fiscal fourth -- each quarter $5 billion to $6 billion bigger than the one before it.However, the bulk of the outlook rests on six custom accelerator (XPU) customers. That is a short list for a number this size, I'd argue.What would delivering $230 billion take?Zoom out, and $230 billion of AI revenue in fiscal 2028 works out to an average of nearly $58 billion a quarter. For perspective, Broadcom as a whole (semiconductors and software combined) just reported a record $29.6 billion quarter. Two years from now, the AI line alone would need to average almost double that.The physical version of that math is measured in gigawatts of data center capacity. Anthropic alone is expected to deploy 5 gigawatts of TPU chips in 2027, with line of sight to another 10 gigawatts after that. Broadcom designs those custom accelerators with Google parent Alphabet.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info