Broadcom increased its quarterly dividend by 10.2%. The new quarterly payout stands at $0.65 per share. AI revenue reached $20 billion in fiscal 2025. Management projects AI revenue will double in the first quarter of 2026.
The company's total AI backlog now exceeds $73 billion. A single customer placed an $11 billion order for custom AI chips for late 2026 delivery. Broadcom continues to supply custom TPU chips for major cloud providers.
Cathie Wood’s ARK Investment Management purchased 87,148 shares last week. The ARK acquisition is valued at approximately $27 million. Broadcom shares declined over the week despite the positive outlook. Analysts maintain a consensus Buy rating on the stock.