Broadcom Reports Strong Q1 Earnings with AI Revenue Surge
Broadcom's fiscal Q1 2026 results show a 29% revenue increase, driven by a 106% rise in AI-related revenues.
Broadcom Inc. reported a 29% year-over-year increase in revenue for the first quarter of fiscal 2026, reaching $19.31 billion. This growth was primarily driven by a 106% surge in AI-related revenues, totaling $8.4 billion. The company's semiconductor solutions segment saw a 52% increase, contributing $12.52 billion to the total revenue. Infrastructure software revenues edged up by 1% to $6.8 billion. Adjusted earnings per share rose 28% to $2.05, surpassing analyst expectations. For the second quarter, Broadcom projects revenues of approximately $22 billion, indicating a 47% year-over-year growth. The company also announced a new $10 billion share repurchase program through the end of 2026.