Broadcom — Jun 3, 2026 release

Announces Second Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend • Revenue of $22,187 million for the second quarter, up 48 percent from the prior year period • GAAP net income of $9,310 million for the second quarter; Non-GAAP net income of $12,074 million for the second quarter • Adjusted EBITDA of $15,244 million for the second quarter, or 69 percent of revenue • GAAP diluted EPS of $1.91 for the second quarter; Non-GAAP diluted EPS of $2.44 for the second quarter • Cash from operations of $10,493 million for the second quarter, less capital expenditures of $231 million, resulted in $10,262 million of free cash flow, or 46 percent of revenue • Quarterly common stock dividend of $0.65 per share • Third quarter fiscal year 2026 revenue guidance of approximately $29.4 billion, an increase of 84 percent from the prior year period • Third quarter fiscal year 2026 Non-GAAP operating income guidance of approximately 67 percent of projected revenue (1) • Third quarter fiscal year 2026 Adjusted EBITDA guidance of approximately 68 percent of projected revenue (1) PALO ALTO, Calif. – June 3, 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 second quarter of fiscal year 2026, ended May 3, 2026, provided guidance for its third quarter of fiscal year 2026 and announced its quarterly dividend. “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,” said Hock Tan, President and CEO of Broadcom Inc. “The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.” “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,” said Kirste