The custom XPU programs and AI networking offerings deliver superior performance-to-price ratios, with it fueling Broadcom's triple digits AI semiconductor revenue growth. The multi-year backlog of $179.2B in FQ3'26 (+551.6% YoY) lends credence to their promising FQ4'26/FY2027/FY2028 guidance, with further upsides likely as more capacity kicks in. The ongoing consolidation has unlocked AVGO's cheap P/E of 31.26x and 3Y PEG of 0.48x, while triggering the more than doubling upside potential to my LTPT of $937.
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