Key Highlights
- Broadcom secured an extended partnership with Google for custom AI chip development and delivery extending to 2031.
- Separate agreement provides Anthropic with access to 3.5 gigawatts of AI computing power through Google’s TPU infrastructure, beginning in 2027.
- Anthropic’s run-rate revenue has soared past $30 billion annually, a significant jump from $9 billion recorded at the close of 2025.
- Mizuho analysts project Broadcom could generate $21 billion in AI-related revenue from Anthropic during 2026, potentially doubling to $42 billion by 2027.
- The agreement aligns with Anthropic’s announced $50 billion investment plan for U.S.-based computing infrastructure.
Broadcom revealed on Monday a significant long-term partnership with Google focused on designing and delivering future-generation custom AI processors and associated components, with the agreement extending through 2031. This arrangement encompasses advanced AI rack systems and strengthens an existing collaboration where Broadcom already produces Google’s tensor processing units (TPUs).
Simultaneously, Broadcom announced an enhanced partnership with Anthropic. This agreement provides the artificial intelligence company with approximately 3.5 gigawatts of computational power utilizing Google’s TPU technology, scheduled for deployment beginning in 2027.
Neither deal included publicly disclosed financial details in the regulatory filing.
These announcements align with recent remarks from Broadcom CEO Hock Tan during the previous month’s earnings presentation. Tan indicated that Broadcom was currently supplying Anthropic with approximately 1 gigawatt of compute capacity via Google’s TPUs throughout 2026. He projected this demand would surge beyond 3 gigawatts during 2027.
Anthropic’s explosive growth validates these projections. The organization reported its annualized revenue has surpassed $30 billion, representing substantial growth from approximately $9 billion recorded at year-end 2025. Additionally, Anthropic disclosed it currently serves more than 1,000 enterprise customers, each contributing over $1 million annually — representing a doubling within just two months.
Wall Street Forecasts Substantial Revenue Growth for Broadcom
Analysts from Mizuho, headed by Vijay Rakesh, have quantified the potential financial impact of these partnerships for Broadcom. Their projections suggest $21 billion in AI-focused revenue stemming from Anthropic alone throughout 2026, with expectations to reach $42 billion during 2027. It’s important to note these represent analyst forecasts rather than confirmed contract amounts.
Anthropic characterized this new partnership as part of its comprehensive commitment to deploy $50 billion toward U.S. computing infrastructure development. The company operates its Claude language model across diverse hardware platforms, including AWS Trainium processors, Google TPUs, and Nvidia GPUs. Amazon continues serving as Anthropic’s principal cloud infrastructure and training partner.
The Claude application experienced substantial public interest earlier this year, temporarily claiming the top position among free applications in the U.S. Apple App Store during February, coinciding with widespread media coverage of tensions between Anthropic and the Pentagon.
Broadcom Simultaneously Partners With OpenAI on Specialized Processors
Broadcom’s custom chip development efforts extend beyond the Google-Anthropic ecosystem. The semiconductor company is simultaneously working with OpenAI on specialized chip solutions.
OpenAI has separately pledged to deploy six gigawatts of AMD GPU capacity, with initial one-gigawatt deployment anticipated during the latter half of this year. Both OpenAI and Anthropic maintain significant reliance on Nvidia GPU infrastructure accessed via leading cloud service providers.
Broadcom’s stock price increased approximately 3% in after-hours trading immediately following Monday’s announcements.
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