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Feb 01
Broadcom Q1 2026 Earnings Report
Broadcom reported record Q1 FY2026 revenue and strong profitability driven by rapid growth in AI semiconductor demand.
Key Takeaways
Broadcom delivered strong Q1 FY2026 results with revenue increasing 29% year-over-year to $19311000000. Net income reached $7349000000 and operating income totaled $8563000000 as demand for AI semiconductor solutions accelerated and drove significant profitability and cash generation.
Revenue increased 29% year-over-year to $19311000000.
AI semiconductor revenue reached $8400000000 with strong demand for custom accelerators and networking.
Operating income rose to $8563000000 reflecting strong operating leverage.
Free cash flow reached $8010000000 during the quarter.
Revenue by Segment
Forward Guidance
Broadcom expects strong continued growth in Q2 FY2026 driven by accelerating AI semiconductor demand and continued strength in infrastructure software.
Positive Outlook
- Q2 FY2026 revenue guidance of approximately $22000000000.
- Expected 47% year-over-year revenue growth in Q2.
- Adjusted EBITDA margin expected to remain around 68%.
- AI semiconductor revenue expected to reach $10700000000 in Q2.
- Continued strong demand for custom AI accelerators and AI networking.
Challenges Ahead
- Semiconductor industry demand remains cyclical and sensitive to macro conditions.
- Heavy dependence on large hyperscale and AI infrastructure customers.
- Global economic and geopolitical uncertainty could impact demand.
- Supply chain disruptions could affect semiconductor production.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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