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Broadcom CEO sees chip sales crossing $100 billion in 2027; Stock jumpsFor the current quarter, Broadcom's revenue and Earnings per Share (EPS), were both in-line with expectations.By CNBCTV18.com March 5, 2026, 4:56:20 AM IST (Published)2 Min ReadBroadcom CEO Hock Tan believes that the company could achieve chip sales worth $100 billion in 2027 and has also secured the supply chain required to achieve that landmark. Tan made these remarks in the company's post-earnings call. The stock jumped 6% in extended trading.

Even as Nvidia remains the biggest manufacturer of accelerators, or chips that help train and run AI models, Broadcom is positioning itself as an alternative with its own custom-made semiconductors.

Broadcom's guidance surpassed most analyst expectations for the ongoing quarter. Revenue guidance of $22 billion was higher than the average estimate of $20.5 billion, even as some projections were higher than that figure. The company also announced a share buyback plan of as much as $10 billion, further boosting the surge in the stock price in extended trading.

Both OpenAI and Anthropic are Broadcom's clients and the company also developed a TPU or Tensor Processing Unit for Google. The company has also shipped the first units of a new generation of processors which will be adopted by more clients this year.

For the current quarter, Broadcom's revenue and Earnings per Share (EPS), were both in-line with expectations.

CEO Tan said on the conference call that he expects OpenAI to begin shipping its Broadcom chip in volume next year, reaching more than 1 gigawatt of computing capacity.

Shares of Broadcom traded 4.5% higher in extended trading on Wednesday. The company's shares, as of close in regular trading, were down 8% year-to-date.Continue Reading