Broadcom Inc. (AVGO) reported first-quarter results on March 4, 2026, showing accelerating AI-chip demand that boosted revenue and prompted management to raise its second-quarter outlook and authorize a new share-repurchase program.

First-Quarter Results and Second-Quarter Outlook

Broadcom announced first-quarter fiscal 2026 results, second-quarter guidance, a dividend, and a buyback program in a press release at 4:15 p.m. ET on March 4. For the quarter ended February 1, the company reported revenue of $19.3 billion, up 29.0% year-over-year and above consensus estimates of $19.2 billion. AI-related revenue more than doubled year-over-year and was the primary driver of growth.

GAAP net income was $7.3 billion, while non-GAAP net income reached $10.2 billion. Adjusted EBITDA, a proxy for operating profit, totaled $13.1 billion, or 68.0% of revenue. GAAP diluted earnings per share were $1.50, and non-GAAP diluted EPS was $2.05.

Broadcom guided second-quarter revenue to about $22.0 billion, a 47.0% increase from the prior year, with adjusted EBITDA expected to remain near 68.0% of revenue. Management attributed the outlook to sustained AI demand for data-center chips.

Operating cash flow totaled $8.3 billion, and free cash flow was $8.0 billion, equal to 41.0% of revenue after $250 million in capital expenditures. The board declared a quarterly dividend of $0.65 per share.

The company also authorized a new $10.0 billion share-repurchase program. Strong margins and robust free-cash-flow conversion supported the expanded outlook and the decision to return additional capital to shareholders.

Broadcom's first-quarter revenue grew 29% year over year, and management expects that growth rate to accelerate to 47% in the current quarter. A booming artificial intelligence business is driving the company's financial outperformance.

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Broadcom Inc.'s latest fiscal Q1 results and $100 billion AI revenue outlook for FY 2027 reinforces visibility into sustained growth and accelerating share gains in AI infrastructure spending. The company is becoming a key beneficiary of AI capex diversification beyond merchant GPUs, driven by accelerating custom XPU deployments across hyperscalers to unlock workload-optimized returns. Broadcom's exposure to both scale-up and scale-out networking also strengthens the thesis, as bandwidth, memory and power bottlenecks make low-latency direct attached copper ("DAC") and co-packaged optics ("CPO") interconnects critical.

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Broadcom Inc. is poised for accelerated growth in custom AI chips and networking, rivaling Nvidia's dominance in the AI semiconductor space. AVGO's revenue visibility extends through 2028, with management guiding for $10.7B in AI revenue by FQ2 and a path to $100B by 2027. Operating at >68.5% adjusted EBITDA margin and targeting a 51.9% free cash flow margin, AVGO leverages scale and integration advantages.

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Broadcom (AVGO) delivered exceptional Q1'26 results, with revenues up 29% year-over-year to a record $19.3B and strong gross margins ~77%. Broadcom's growth is fueled by explosive CapEx in the Data Center market and surging demand for custom AI semiconductor solutions, driving 140% AI segment revenue growth guidance for Q2. I expect Broadcom's $10B incremental share repurchase program and robust guidance—$22B Q2 revenue, 47% Y/Y growth—to support a buy rating.

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Expand NASDAQ: AVGO Broadcom Today's Change (4.89%) $15.54 Current Price $333.07 Key Data Points Market Cap $1.5T Day's Range $323.05 - $336.04 52wk Range $138.10 - $414.61 Volume 2.6M Avg Vol 31M Gross Margin 64.71% Dividend Yield 0.76% Broadcom (AVGO +4.89%), a provider of semiconductor devices and infrastructure software,  closed Thursday at $332.6, up 4.75%. The stock moved higher after premarket earnings and guidance highlighted accelerating AI-driven revenue growth.

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Broadcom's (AVGO) earnings had plenty of bullish indictors backing its growth, according to CFRA's Angelo Zino. AI acceleration backed by Broadcom's custom silicon business offer a compelling case.

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Broadcom CEO Hock Tan sees AI chip revenue in 2027 “significantly in excess of $100 billion” as demand for custom silicon chips grows. Tan managed to convince investors that Broadcom has a sustainable growth trajectory and said memory capacity is secured through 2028.

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Broadcom Inc. reported Q1 '26 results after the bell on Wednesday, guiding for explosive AI-related revenue growth, including $100B AI chip revenue target for 2027. AI ASIC demand from six major customers, including Google, Meta, Anthropic, and OpenAI, underpins AVGO's long-term growth trajectory and cost advantage over Nvidia. Valuation multiples have compressed while growth has accelerated. Broadcom now trades at forward EV/Sales of 15.36x compared to 31.59x last print.

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Shares of Broadcom were climbing on Thursday, as investors looked to the company's strong earnings report and upbeat outlook for its custom chip business to distract them from a broad selloff in the chip sector as well as in the overall stock market.

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Jim Worden calls Broadcom's (AVGO) earnings "great." Momentum in custom chips and networking offer what he considers a compelling case for Broadcom's $100 billion full-year revenue guidance.

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Broadcom dispelled concerns that the buildout of AI infrastructure might be softening with its solid fiscal Q1 results and heady guidance.

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Broadcom Inc. more than doubled AI revenue during its most recently completed quarter. The semi and software maker also topped expectations on both its top and bottom lines. AVGO also released forward guidance that came in well ahead of consensus estimates.

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Broadcom is upgraded to a "Buy" following robust Q1 2026 results and a strong AI-driven outlook. AVGO delivered record Q1 AI revenue of $8.4 billion, raised FY 2027 AI sales guidance above $100 billion, and announced a $10 billion buyback. Forward EPS growth is expected to exceed 50% in FY 2026, with valuation now attractive at a 36x P/E on higher earnings.

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Broadcom reported revenue of $19.3 billion, an increase of 29.5% year-over-year (YOY). This post moderately exceeded estimates of $19.1 billion, which called for growth of 28%.

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AVGO's strong Q1 earnings and upbeat AI outlook send shares up 5% after hours, putting several semiconductor-heavy ETFs in focus for investors.

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Shares of Nvidia may have lost some of their recent momentum, but the artificial intelligence chip leader continues to attract high-profile investors. Billionaire entrepreneur Leo Koguan revealed he purchased one million Nvidia shares and plans to add more to his position.

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Broadcom stock (NASDAQ: AVGO) shot up about 5% Thursday after the chip giant crushed first-quarter expectations, delivering revenue and earnings that left Wall Street scrambling to catch up. The beat wasn't just good as it validated Broadcom's bet on AI infrastructure and networking at a time when investors have been picky about semis.

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Marvell (MRVL) will be one of the last key chipmakers to report earnings after Thursday's close. It follows Broadcom's (AVGO) overnight gains after it signaled strong AI acceleration on Wednesday.

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Broadcom Inc. delivered record FQ1 2026 results, with accelerating revenue and EPS growth driven by surging AI-related sales. AVGO's AI revenue is projected to grow 140% YoY to $10.7B in FQ2, supported by robust demand from major tech partners. Profitability remains exceptional, with adjusted EBITDA margin at 67.9% and guidance for further expansion; AVGO capital returns are reinforced by a new $10B buyback.

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Broadcom Inc. (NASDAQ: AVGO) shares are trading higher Thursday after the company reported better-than-expected first-quarter financial results on Wednesday after the market closed. Also, the company issued second-quarter sales guidance above estimates and announced a new $10 billion share repurchase program.

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Broadcom Inc. delivered a double beat in Q1, surpassing both revenue and profit expectations. AVGO posted 29% year-over-year revenue growth, with accelerating business momentum and a positive near-term outlook. The recent pullback in AVGO's valuation, combined with robust growth, enhances its attractiveness for AI-focused investors.

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Broadcom delivered a record-breaking quarter, with revenue of $19.31B, up 29.4% year-over-year, surpassing expectations. Management's Q2 guidance is notably bullish, projecting $22B in revenue—$1.5B above consensus—and adjusted EBITDA margin around 68%. Semiconductor revenue, especially from AI, is expected to surge, with Q2 AI semiconductor sales forecasted at $10.7B, up 140% year-over-year.

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Broadcom reported fiscal first-quarter adjusted earnings of $2.05 a share, which beat analyst estimates of $2.03 a share.

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Broadcom stock surged 5% in after hours trading after reporting stronger-than-expected quarterly results as demand for artificial intelligence infrastructure continues to expand across the technology sector. The semiconductor and software company said AI revenue in its fiscal first quarter more than doubled from a year earlier to $8.4 billion.

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Following Broadcom's earnings report, CEO Hock Tan told analysts that his company's AI chip revenue will be well above $100 billion next year. The company has been one of the big winners of the artificial intelligence boom and said AI revenue more than doubled in the latest quarter.

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Broadcom Inc. (AVGO) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.6 per share a year ago.

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Broadcom Inc (NASDAQ: AVGO) reported financial results for the first quarter of fiscal 2026 after the close on Wednesday. Here's a look at the key details from the print.

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Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) reported fiscal first quarter results that exceed forecasts driven by continued strength in artificial intelligence semiconductor solutions. For the quarter ended February 1, 2026, the company posted revenue of $19.31 billion, up 29% from a year earlier, and ahead of estimates of $19.18 billion.

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Revenue of $19,311 million for the first quarter, up 29 percent from the prior year period GAAP net income of $7,349 million for the first quarter; Non-GAAP net income of $10,185 million for the first quarter Adjusted EBITDA of $13,128 million for the first quarter, or 68 percent of revenue GAAP diluted EPS of $1.50 for the first quarter; Non-GAAP diluted EPS of $2.05 for the first quarter Cash from operations of $8,260 million for the first quarter, less capital expenditures of $250 million, resulted in $8,010 million of free cash flow, or 41 percent of revenue Quarterly common stock dividend of $0.65 per share Second quarter fiscal year 2026 revenue guidance of approximately $22.0 billion, an increase of 47 percent from the prior year period Second quarter fiscal year 2026 Adjusted EBITDA guidance of approximately 68 percent of projected revenue (1) New $10 billion share repurchase program PALO ALTO, Calif., March 4, 2026 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2026, ended February 1, 2026, provided guidance for its second quarter of fiscal year 2026 and announced its quarterly dividend.

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Broadcom announced earnings and revenue that surpassed expectations and provided a strong outlook for the current period. The chipmaker is continuing to gain from the growth in artificial intelligence. As a result, the stock increased by 5% in after-hours trading on Wednesday.

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KEY TAKEAWAYS

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First-Quarter Results and Second-Quarter Outlook

Cash Flow and Capital Returns

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