Quarterly ResultJun 9, 2026, 09:11 AM

Broadcom Q2 Revenue Soars to $22.19B; Net Income $9.31B

AI Summary

Broadcom Inc. reported strong financial results for the fiscal quarter and two fiscal quarters ended May 3, 2026. Total net revenue for the quarter increased to $22.19 billion, up from $15.00 billion in the prior year, with net income rising to $9.31 billion ($1.91 per diluted share) from $4.97 billion ($1.03 per diluted share). For the year-to-date period, revenue was $41.50 billion and net income was $16.66 billion ($3.41 per diluted share). The company also saw growth in total assets and stockholders' equity, while actively engaging in share repurchases.

Key Highlights

Broadcom Inc. reported total net revenue of $22.19 billion for the fiscal quarter ended May 3, 2026, a significant increase from $15.00 billion in the prior year period.
Net income for the quarter surged to $9.31 billion, or $1.91 per diluted share, compared to $4.97 billion, or $1.03 per diluted share, in the same quarter last year.
For the two fiscal quarters ended May 3, 2026, total net revenue reached $41.50 billion, up from $29.92 billion in the prior year period.
Two-quarter net income was $16.66 billion, or $3.41 per diluted share, compared to $10.47 billion, or $2.17 per diluted share, in the prior year.
Total assets grew to $179.16 billion as of May 3, 2026, from $171.09 billion as of November 2, 2025.
Long-term debt stood at $62.66 billion as of May 3, 2026, a slight increase from $61.98 billion as of November 2, 2025.
The company repurchased $8.45 billion of common stock during the two fiscal quarters ended May 3, 2026.
Total stockholders' equity increased to $87.69 billion as of May 3, 2026, from $81.29 billion as of November 2, 2025.

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