Quarterly ResultMar 29, 2026, 08:02 PM
Broadcom Announces Q1 2026 Revenue Up 29% to $19.31B, Issues Strong Q2 Guidance and New $10B Share Repurchase Program
AI Summary
Broadcom reported strong Q1 2026 financial results, with revenue increasing 29% year-over-year to $19.31 billion, driven by significant growth in AI semiconductor solutions. The company also issued strong Q2 revenue guidance of approximately $22.0 billion, representing a 47% increase year-over-year, and announced a new $10 billion share repurchase program, signaling confidence in its future performance and commitment to returning capital to shareholders.
Key Highlights
- Q1 2026 revenue reached $19.31 billion, a 29% increase year-over-year.
- GAAP net income for Q1 2026 was $7.349 billion; Non-GAAP net income was $10.185 billion.
- Q2 2026 revenue guidance is approximately $22.0 billion, a 47% increase year-over-year.
- A new $10 billion share repurchase program was announced.
- Q1 AI revenue of $8.4 billion grew 106% year-over-year.