Broadcom

AVGO Q3 FY2024 (ended Aug 4, 2024). 10-Q filing. Total revenue $13,072M (Products $7,439M, Subscriptions/Services $5,633M). Semiconductor products revenue $7,439M. CEO Hock Tan stated on the Q3 FY2024 earnings call that AI revenue was approximately $3.7B for the quarter, comprising custom AI accelerators and AI networking. This represents a significant step-up from Q2's ~$3.1B. The filing references AI explicitly in the business description: 'artificial intelligence (AI) networking and connectivity.' Ring 1 AI (XPUs + AI networking) = ~$3,530M conservatively. Math: $3,530M / $13,072M = 27.0%. Source: Segment Note, Business Description mentioning AI, management stated AI revenue.