Broadcom sets $120B+ four-year AI revenue target for CEO Tan

According to a regulatory filing, Broadcom (AVGO) established a $120B+ four-consecutive quarter AI revenue target for CEO Hock Tan. “The independent members of the Company’s Board of Directors believe that for the Company to compete successfully in a highly competitive technology industry that is undergoing profound change due to AI, the Company must continue to develop increasingly advanced technologies or execute on new strategies and business models to meet the accelerating demand of its customers,” the company said. “As a result, the independent members of the Board approved the Tan PSU Award to incentivize Mr. Tan to extend his leadership of the Company through fiscal 2030. The independent members of the Board also consider Mr. Tan and the Tan PSU Award, which includes rigorous, challenging targets that would create value for both the Company and its stockholders and reflects feedback from its stockholders, essential to the Company’s next phase of transformative growth due to AI. Based on these considerations and in consultation with its independent compensation consultant, on September 3, 2025, the independent members of the Board granted Mr. Tan an award of performance stock units as part of the annual equity award program. The vesting of the PSUs under the Tan PSU Award is contingent on both (i) attainment of challenging AI-related revenue targets during a three-year performance period from the start of fiscal 2028 through the end of fiscal 2030 and (ii) continued service requirements from the Grant Date through the end of fiscal 2030.”