Broadcom — Jun 3, 2026 release

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 Kirsten Spears, CFO of Broadcom Inc. “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.” ________________________________ (1) The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures presented to the relevant projected GAAP measures without unreasonable effort. 1 Second Quarter Fiscal Year 2026 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q2 26 Q2 25 Change Q2 26 Q2 25 Change Net revenue $ 22,187  $ 15,004  +48 % $ 22,187  $ 15,004  +48 % Net income $ 9,310  $ 4,965  +88 % $ 12,074  $ 7,787  +55 % Earnings per common share - diluted $ 1.91  $ 1.03  +85 % $ 2.44  $ 1.58  +54 % (Dollars in millions) Q2 26 Q2 25 Change Cash flow from operations $ 10,493  $ 6,555  +60 % Adjusted EBITDA $ 15,244  $ 10,001  +52 % Free cash flow $ 10,262  $ 6,411  +60 % Net revenue by segment (Dollars in millions) Q2