Broadcom 8-K
PositiveEarningsNew guidance
AI semiconductor demand drives record revenue; AI semiconductor sales expected to reach $10.7B in Q2.
Filed 2026-03-04 16:16 ET
- 2.02 Results of Operations
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Q1 FY2026 results with Q2 guidance. Record revenue rose 29% Y/Y, driven by AI semiconductor demand; Broadcom expects AI semiconductor revenue to reach $10.7B in Q2. The company also declared a $0.65 quarterly dividend and authorized up to $10B in share repurchases through 12/31/2026.
Key Figures
| Metric | Q1 FY2026 | Q1 FY2025 | Y/Y |
|---|---|---|---|
| Revenue | $19.3B | $14.9B | 29% |
| Operating income, GAAP | $8.56B | $6.26B | 37% |
| Net income, GAAP | $7.35B | $5.50B | 34% |
| Net income, non-GAAP | $10.2B | $7.82B | 30% |
| Diluted EPS, GAAP | $1.50 | $1.14 | 32% |
| Diluted EPS, non-GAAP | $2.05 | $1.60 | 28% |
| Operating cash flow | $8.26B | $6.11B | 35% |
| Free cash flow | $8.01B | $6.01B | 33% |
| Adjusted EBITDA, non-GAAP | $13.1B | $10.1B | 30% |
- AI revenue was $8.4B, up 106% Y/Y; semiconductor solutions revenue grew 52% to $12.5B, while infrastructure software revenue increased 1% to $6.80B.
- Q1 cash returned to shareholders totaled $10.9B: $7.85B in share repurchases and $3.09B in dividends. Cash and equivalents were $14.2B at quarter-end, down from $16.2B at the prior quarter-end; balance-sheet debt was $66.1B.
- The $0.65-per-share dividend is payable 3/31/2026 to holders of record 3/23/2026.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | Q2 FY2026 | ≈$22B; 47% Y/Y growth | — | — |
| Adjusted EBITDA, non-GAAP | Q2 FY2026 | ≈68% of projected revenue | — | — |
| AI semiconductor revenue | Q2 FY2026 | $10.7B | — | — |
Investor Takeaways
- Q2 results will show whether revenue reaches the ≈$22B outlook and AI semiconductor revenue reaches $10.7B.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3