What happened
Broadcom's revenue climbed to $29.6 billion in the quarter ended Aug. 2, 2026 — an 86% year-over-year increase — while Intel posted 25% year-over-year growth under CEO Lip-Bu Tan.
Why it matters
The widening revenue gap suggests Broadcom captured far more of the AI boom, though Intel's recent growth signals its turnaround may be gaining traction.
What to watch
Intel's turnaround hinges on whether it hits its fiscal third-quarter guidance of $15.8 billion to $16.8 billion, as Broadcom's lead remains large.
WHO IT HITSThis matters most to investors holding or evaluating Broadcom and Intel shares, and to corporate IT teams choosing between their chips and software.
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Broadcom and Intel have followed very different paths through the recent AI boom. Broadcom designs and supplies advanced electronic components and infrastructure software, and it recently partnered with OpenAI on an intelligence processor and signed a long-term deal with Standard Chartered to move its global banking services to a private cloud. Intel, which designs and makes computing processors, has contended with uneven sales and recently cut jobs in its data center group while forming a security-processor collaboration with Fortinet.
The quarterly revenue table shows the gap clearly: Broadcom grew from $14.1 billion in Q3 2024 to $29.6 billion in the quarter ended Aug. 2, 2026, while Intel moved from $13.3 billion to $16.1 billion over the same span. Intel's numbers were not smooth — they dipped to $12.7 billion in Q1 2025 before recovering — and the article notes that Intel struggled to capitalize on AI until Lip-Bu Tan took over as CEO in 2025.
Whether Intel's recent 25% year-over-year growth becomes a lasting upward trend is likely to hinge on the company hitting its stated fiscal third-quarter guidance of $15.8 billion to $16.8 billion. For investors weighing the two, Broadcom's consistent quarterly expansion and Intel's early turnaround signs present contrasting risk profiles, and the coming quarters may show whether Intel's changes are durable or a one-off rebound.
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