Broadcom is helping finance equipment destined for Anthropic as part of a $63 billion AI compute financing deal. Anthropic will lease AI accelerators and networking products through a special purpose vehicle, with deliveries expected to begin in 2027. Broadcom also reported fiscal Q3 results that beat consensus.
Broadcom is helping finance equipment destined for Anthropic as part of a $63 billion AI compute financing deal. The structure places a special purpose vehicle between the equipment purchase and Anthropic, which will lease Broadcom's AI accelerators and networking products. Deliveries are expected to begin in 2027.
Debt structure
Broadcom backs the first-lien lenders against a fall in the equipment's value, up to the full first-lien amount of about $43.5 billion. Bank of America, Citi and Morgan Stanley arrange the first-lien debt, while Blackstone provides the second lien.
Quarterly results
Broadcom reported fiscal Q3 revenue of $29.591 billion, compared with a consensus of $29.44 billion. Non-GAAP earnings per share were $3.32, versus an estimate of $3.2382. AI semiconductor revenue was $16.70 billion, up 221%.
