With $16.7B of AI revenue in a single quarter, Broadcom made the case that custom XPUs are a main line of their own, and broke precedent with a two-year path to $230B of FY2028 AI revenue. But the real information was in what Hock Tan volunteered: the chips can ship, but the data centers may not get built in time. Six customers, 30 GW, and the bottleneck isn't semiconductors.

Every financial line in Broadcom's Q2 FY26 set a record, but the real signal is US$30B+ of AI orders in a single quarter, extending visibility to 2028. Broadcom placed optics squarely in scale-out and called itself the de facto CPO standard. For the optical supply chain, the story isn't the XPU — it's this locked-in scale-out optical path.