Broadcom

AVGO Q4 FY2023 (ended Oct 29, 2023). 10-K filing. Full year FY2023 revenue $35,819M (Products $28,949M, Software $6,870M). Q4 revenue was approximately $9,295M (full year minus 3 quarters: $35,819M - $8,915M - $8,733M - $8,876M). Broadcom CEO Hock Tan stated on the Q4 FY2023 earnings call (Dec 2023) that AI revenue for FY2023 was approximately $4.2B, implying a Q4 run rate of ~$1.2-1.4B given the ramp trajectory. The 10-K explicitly describes 'Custom Silicon Solutions' for AI accelerators (XPUs) and AI networking. Using the ~$4.2B annual figure and Q4 concentration: estimated Q4 AI revenue ~$930M. Math: $930M / $9,295M = 10.0%. Source: Item 1 Business description of custom silicon and AI networking, FY2023 annual AI revenue of ~$4.2B from management (stated on earnings call).