Broadcom — Mar 4, 2026 release

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 to increase 47% year-over-year to $22.0 billion, with adjusted EBITDA of 68%,” said Kirsten Spears, CFO of Broadcom Inc. “Consistent with our commitment to return excess cash to shareholders, we returned $10.9 billion in the first quarter through $3.1 billion of cash dividends and $7.8 billion of stock repurchases.” ________________________________ (1) The Company is not readily able to provide a reconciliation of the projected non-GAAP financial information presented to the relevant projected GAAP measure without unreasonable effort. 1 First Quarter Fiscal Year 2026 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q1 26 Q1 25 Change Q1 26 Q1 25 Change Net revenue $ 19,311  $ 14,916  +29 % $ 19,311  $ 14,916  +29 % Net income $ 7,349  $ 5,503  +34 % $ 10,185  $ 7,823  +30 % Earnings per common share - diluted $ 1.50  $ 1.14  +32 % $ 2.05  $ 1.60  +28 % (Dollars in millions) Q1 26 Q1 25 Change Cash flow from operations $ 8,260  $ 6,113  +35 %