Quarterly ResultMar 29, 2026, 08:02 PM
Broadcom Q1 2026 Revenue Up 29% to $19.31 Billion, Announces $10 Billion Share Repurchase Program
AI Summary
Broadcom reported strong Q1 2026 results, with revenue increasing 29% year-over-year to $19.31 billion, driven by a 106% increase in AI revenue. The company also announced a new $10 billion share repurchase program and provided strong Q2 revenue guidance of approximately $22.0 billion, representing a 47% increase year-over-year, signaling continued growth and shareholder value.
Key Highlights
- Q1 2026 revenue increased 29% year-over-year to $19.31 billion.
- AI revenue grew 106% year-over-year to $8.4 billion.
- Announced a new $10 billion share repurchase program.
- Q2 2026 revenue guidance of approximately $22.0 billion, up 47% year-over-year.