Broadcom Inc. continues to deliver robust revenue growth with Q3 FY2026 up 86% YoY and AI semiconductor revenues surging 221%. Despite gross margin contraction from a hardware-heavy mix, Broadcom's expense control drove 96% adjusted EPS growth and a solid 68% non-GAAP operating margin. I maintain my buy rating as the forward P/E has contracted to 29.85, while AI revenues are set to quadruple by FY2028.
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