Broadcom — Mar 4, 2026 release

Announces First Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend • Revenue of $19,311 million for the first quarter, up 29 percent from the prior year period • GAAP net income of $7,349 million for the first quarter; Non-GAAP net income of $10,185 million for the first quarter • Adjusted EBITDA of $13,128 million for the first quarter, or 68 percent of revenue • GAAP diluted EPS of $1.50 for the first quarter; Non-GAAP diluted EPS of $2.05 for the first quarter • Cash from operations of $8,260 million for the first quarter, less capital expenditures of $250 million, resulted in $8,010 million of free cash flow, or 41 percent of revenue • Quarterly common stock dividend of $0.65 per share • Second quarter fiscal year 2026 revenue guidance of approximately $22.0 billion, an increase of 47 percent from the prior year period • Second quarter fiscal year 2026 Adjusted EBITDA guidance of approximately 68 percent of projected revenue (1) • New $10 billion share repurchase program PALO ALTO, Calif. – March 4, 2026 – Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2026, ended February 1, 2026, provided guidance for its second quarter of fiscal year 2026 and announced its quarterly dividend. “Broadcom achieved record first quarter revenue on continued strength in AI semiconductor solutions. Q1 AI revenue of $8.4 billion grew 106% year-over-year, above our forecast, driven by robust demand for custom AI accelerators and AI networking,” said Hock Tan, President and CEO of Broadcom Inc. “Our AI revenue growth is accelerating, and we expect AI semiconductor revenue to be $10.7 billion in Q2.” “Consolidated revenue grew 29% year-over-year to a record $19.3 billion. Adjusted EBITDA increased 30% year-over-year to a record $13.1 billion, representing 68% of revenue. In Q2 we expect revenue growth