Broadcom Inc.

Broadcom announced significant updates to VMware vDefend and VMware Avi Load Balancer, enhancing private cloud security, optimizing infrastructure costs, and simplifying operations with AI-powered automation. These enhancements aim to deliver a rapidly deployed, intelligently operated, and high-performance multi-layer cyber defense against AI-fueled cyberattacks. Key improvements include accelerated threat prevention, on-prem malware prevention, comprehensive air-gapped support, and native API protection. The updates also boost performance, reduce hardware requirements, and introduce AI Assistant for streamlined operations and automated migration.

Broadcom Inc. and Standard Chartered have announced a long-term strategic commitment to modernize the bank's global infrastructure. This partnership will establish a secure and resilient private cloud foundation, utilizing Broadcom's VMware Cloud Foundation (VCF), to support critical banking services across 54 global markets. The initiative aims to enhance operational consistency, security, and regulatory compliance, with 70% of Standard Chartered's global infrastructure already running on the new architecture, significantly reducing deployment times.

Broadcom Inc. and Apple Inc. have agreed to expand their long-standing technology collaboration through new multi-year long-term agreements. This partnership extends through 2031 and involves Broadcom developing and supplying a range of custom ASIC silicon products for use in multiple generations of Apple products. This strengthens the strategic relationship between the two companies.

Broadcom Inc. and OpenAI announced the unveiling of Jalapeño, OpenAI’s first Intelligence Processor. This AI accelerator, co-developed in just nine months, is designed specifically for LLM inference and is the first in a multi-generation compute platform. Early tests suggest Jalapeño will deliver significantly better performance per watt than current state-of-the-art solutions. The chip is intended for deployment at gigawatt scale with data center partners, with initial rollout expected by the end of 2026, aiming to make advanced AI faster, more reliable, and more accessible.

Broadcom Inc. has announced the pricing terms and subsequent results of its cash tender offers for several series of its outstanding debt securities. Initially priced with an aggregate purchase price cap of $2.5 billion, the company later announced an upsizing of this cap to $3.0 billion. The offers expired on June 17, 2026, with approximately $5.5 billion in aggregate principal amount of notes tendered, of which approximately $2.9 billion have been accepted for purchase. The company has retained Barclays Capital Inc. and Citigroup Global Markets Inc. as dealer managers for these offers.

Broadcom Inc. has commenced cash tender offers to purchase certain of its outstanding debt securities, with an aggregate purchase price capped at $2.5 billion. The offers include various senior notes with different maturity dates and interest rates. The tender offers are set to expire on June 17, 2026, and are subject to specific terms and conditions outlined in the Offer to Purchase. Barclays Capital Inc. and Citigroup Global Markets Inc. are serving as the dealer managers for these offers.

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.

Broadcom Inc. announced significant security investments for the Spring and Java ecosystem, which is used by over half of Fortune 500 companies. The company's Tanzu business released the largest set of Spring security updates in the framework's 23-year history and is extending its clean-room build architecture to secure Java dependencies. These efforts aim to combat a 1700% surge in AI-detected security threats reported from March to April 2026, providing customers with day zero access to validated patches and a SLSA Level 3–validated software supply chain.

Broadcom Inc. reported strong second quarter fiscal year 2026 results, with revenue surging 48% year-over-year to $22,187 million, driven by a 143% increase in AI semiconductor revenue. The company also announced a quarterly cash dividend of $0.65 per share and provided optimistic guidance for the third quarter, expecting revenue to grow 84% year-over-year to approximately $29.4 billion. Free cash flow also saw significant growth, increasing 60% year-over-year.

Broadcom Inc. showcased its new broadband Edge AI portfolio, featuring AI-ready solutions like a 50G PON gateway SoC, a comprehensive Wi-Fi 8 product family, and a joint 5G and Wi-Fi 8 fixed wireless access platform. These solutions are designed to enhance intelligence and security in smart homes and enterprises by providing low latency, localized processing, and robust reliability for next-generation AI applications. The portfolio aims to maximize performance, minimize latency, and enable broadband devices to act as intelligent agentic orchestrators, leveraging NPUs to secure user privacy and reduce network congestion.