Broadcom CEO names Anthropic as largest XPU customer, signaling massive AI hardware shift

Sep 2, 2026

Broadcom CEO Hock Tan announced that Anthropic is on track to become the company's largest custom AI accelerator customer in 2027, highlighting a major industry shift toward custom silicon. The announcement came alongside Broadcom's Q3 FY2026 results, where AI semiconductor revenue surged 221% to $16.7 billion. Backed by a $73 billion backlog and massive gigawatt-scale data center commitments from clients like Google, Meta, OpenAI, and Anthropic, Broadcom projects its AI revenue will reach $230 billion by fiscal year 2028.

Broadcom Q3 FY2026 AI revenue

▪Broadcom reported total revenue of $29.6 billion for the fiscal third quarter of 2026, representing an 86% increase compared to the same period in the prior fiscal year
▪Broadcom generated $16.7 billion in AI semiconductor revenue during the fiscal third quarter of 2026, representing a 221% increase year-over-year

Custom AI accelerator strategy

▪Broadcom designs custom application-specific integrated circuits, or ASICs, tailored to the specific architectural needs of individual hyperscale clients
▪Broadcom claims a market share of approximately 70% to 80% in the design of custom AI accelerators
▪Custom accelerators accounted for approximately 73% of Broadcom's total AI semiconductor revenue during the fiscal third quarter of 2026

Anthropic largest XPU customer

▪Anthropic placed a $10 billion order for Google TPU Ironwood racks in December 2025, followed by an additional order valued at $11 billion
▪Anthropic plans to deploy 1 gigawatt of TPU capacity in 2026, scaling to 5 gigawatts of TPU v8i capacity in 2027, and potentially reaching 10 gigawatts in 2028
▪Broadcom CEO Hock Tan announced that Anthropic is on track to become Broadcom's single largest customer for custom AI accelerators, or XPUs, in 2027 and into 2028

AI semiconductor revenue projections

▪Broadcom projected that its AI semiconductor revenue will double to approximately $115 billion in fiscal year 2027, and reach approximately $230 billion by fiscal year 2028
▪Broadcom raised its fiscal year 2026 AI semiconductor revenue guidance to approximately $58 billion, representing roughly 186% growth year-over-year
▪Broadcom's total AI backlog, driven by active projects and current demand, exceeds $73 billion

Broadcom versus Nvidia positioning

▪Broadcom provides custom silicon design and networking technology for major AI developers, including Google, Meta, OpenAI, and Anthropic
▪While Nvidia dominates the training of large AI models using general-purpose GPUs, Broadcom focuses on custom silicon optimized for high-volume inference workloads