The Investor
05 Mar 2026, 09:17
Broadcom Inc. reported record results for the first quarter of fiscal 2026, driven by strong demand for artificial intelligence semiconductor solutions.
Revenue rose 29% year-on-year to $19.3 billion, while GAAP net income reached $7.35 billion and non-GAAP net income totaled $10.19 billion. Adjusted EBITDA climbed to $13.1 billion, representing 68% of revenue.
The company said AI semiconductor revenue reached $8.4 billion in the quarter, up 106% from a year earlier, supported by demand for custom AI accelerators and networking chips.
Broadcom expects continued growth in the second quarter, guiding for revenue of about $22 billion, which would represent roughly 47% year-on-year growth, with adjusted EBITDA margin remaining around 68%. The company also announced a quarterly dividend of $0.65 per share and a new $10 billion share buyback program.
Revenue rose 29% year-on-year to $19.3 billion, while GAAP net income reached $7.35 billion and non-GAAP net income totaled $10.19 billion. Adjusted EBITDA climbed to $13.1 billion, representing 68% of revenue.
The company said AI semiconductor revenue reached $8.4 billion in the quarter, up 106% from a year earlier, supported by demand for custom AI accelerators and networking chips.
Broadcom expects continued growth in the second quarter, guiding for revenue of about $22 billion, which would represent roughly 47% year-on-year growth, with adjusted EBITDA margin remaining around 68%. The company also announced a quarterly dividend of $0.65 per share and a new $10 billion share buyback program.