Broadcom 8-K

PositiveEarningsNew guidance

Custom AI accelerators and AI networking fueled the semiconductor surge; Q3 outlook points to faster AI growth.

Filed 2026-06-03 16:21 ET

Summary

Q2 FY2026 results, Q3 outlook and quarterly dividend. Revenue rose 48% to a record, with accelerating AI semiconductor demand and operating leverage driving growth. Broadcom expects Q3 revenue of ≈$29.4B and AI semiconductor revenue of $16.0B. The board declared a $0.65-per-share dividend payable 6/30/2026.

Key Figures

Metric Q2 FY2026 Q2 FY2025 Y/Y
Revenue $22.2B $15.0B +48%
Operating income, GAAP $10.8B $5.83B +85%
Net income, GAAP $9.31B $4.97B +88%
Net income, non-GAAP $12.1B $7.79B +55%
Diluted EPS, GAAP $1.91 $1.03 +85%
Diluted EPS, non-GAAP $2.44 $1.58 +54%
Cash flow from operations $10.5B $6.56B +60%
Free cash flow $10.3B $6.41B +60%
Adjusted EBITDA $15.2B $10.0B +52%
  • AI semiconductor revenue was $10.8B, up 143%, driven by demand for custom AI accelerators and AI networking. Semiconductor solutions revenue rose 79%; infrastructure software revenue rose 9%.
  • Cash and cash equivalents were $19.6B at quarter-end, up from $14.2B at the prior fiscal quarter-end. Q2 common-stock repurchases were $600M vs $2.45B a year earlier; the company also paid $3.09B in dividends.
  • The $0.65-per-share quarterly dividend is payable 6/30/2026 to holders of record at close of business 6/22/2026.

Guidance

Metric Period Guidance Prior Direction
Consolidated revenue Q3 FY2026 ≈$29.4B; +84% Y/Y — —
AI semiconductor revenue Q3 FY2026 $16.0B; >200% Y/Y — —
Non-GAAP operating margin Q3 FY2026 ≈67% of projected revenue — —
Adjusted EBITDA Q3 FY2026 ≈68% of projected revenue — —

Investor Takeaways

  • Q3 results will show whether revenue and AI semiconductor growth track the company’s outlook.

The summary is written by an AI model reading the filing.

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