| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 22.2K | 14.9% | 47.9% |
| Total Income | 22.2K | 14.9% | 47.9% |
| Expenditure | 11.4K | 6.1% | 24.2% |
| PBT | 10.1K | 23.6% | 99.2% |
| Net Profit | 9.3K | 26.7% | 87.5% |
| OPM | 48.62% | 4.28pp | 9.77pp |
| NPM | 41.96% | 3.91pp | 8.87pp |
| EPS | 1.96 | 26.4% | 86.7% |
Broadcom Announces Q2 FY26 Results: Revenue $22.2B (+48% YoY), Guides Q3.
04 Jun 2026 · 4 Jun, 1:57 am
Summary
Broadcom Inc. reported record second quarter fiscal year 2026 revenue of $22,187 million, up 48 percent year-over-year, driven by strong AI semiconductor growth. Non-GAAP net income was $12,074 million, and Adjusted EBITDA reached $15,244 million, or 69 percent of revenue. The company provided an optimistic outlook for the third quarter, guiding for revenue of approximately $29.4 billion, an 84 percent increase year-over-year, with strong operating leverage expected to maintain non-GAAP operating margin at 67 percent.
Key Highlights
- 1
Broadcom Inc. announced record revenue of $22,187 million for the second quarter of fiscal year 2026, representing a 48 percent increase from the prior year period.
- 2
The company reported GAAP net income of $9,310 million and Non-GAAP net income of $12,074 million for the second quarter.
- 3
Adjusted EBITDA for the second quarter was $15,244 million, representing 69 percent of revenue.
- 4
GAAP diluted Earnings Per Share (EPS) was $1.91 for the second quarter, while Non-GAAP diluted EPS was $2.44.
- 5
Free cash flow for the second quarter was $10,262 million, or 46 percent of revenue.
- 6
The company provided guidance for the third quarter of fiscal year 2026, expecting revenue of approximately $29.4 billion, an increase of 84 percent from the prior year period.
- 7
AI semiconductor revenue reached $10.8 billion in Q2, growing 143% year-over-year, with expectations for over 200% year-over-year growth to $16.0 billion in Q3.
Management Comments
Hock Tan
Broadcom achieved record revenue, operating profit and free cash flow in Q2 driven by accelerating growth in AI semiconductor revenue and strong operating leverage. Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year, above our forecast, driven by increasing demand for custom AI accelerators and AI networking. The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.
Kirsten Spears
Q2 consolidated revenue grew 48% year-over-year to a record $22.2 billion. Adjusted EBITDA increased 52% year-over-year to a record $15.2 billion, representing 69% of revenue. In Q3 we expect consolidated revenue growth to increase 84% year-over-year to $29.4 billion, with non-GAAP operating margin stable at 67% reflecting our strong operating leverage.
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