What were Broadcom’s (NASDAQ:AVGO) fiscal first-quarter results for 2026?

Broadcom reported record financial results for its fiscal first quarter ended February 1, 2026, with revenue of $19.31 billion, marking a 29% year-over-year increase. GAAP net income reached $7.35 billion, while non-GAAP net income climbed to $10.19 billion. Adjusted EBITDA stood at $13.13 billion, representing 68% of total revenue, showcasing strong profitability.

How did Broadcom (NASDAQ:AVGO) benefit from the generative AI boom in Q1 2026?

Broadcom positioned itself as a key beneficiary of the generative AI boom, with significant growth driven by its semiconductor business and the high-margin recurring revenue from its recent acquisition of VMware. The company’s ability to scale efficiently despite higher system-level costs associated with AI hardware contributed to its record results.

How did Broadcom’s (NASDAQ:AVGO) acquisition of VMware impact its Q1 2026 performance?

The acquisition of VMware contributed to Broadcom’s growth by adding high-margin recurring revenue, helping drive overall performance in Q1 2026. VMware’s software offerings, combined with Broadcom’s semiconductor growth, enhanced the company’s profitability and market position, particularly in the AI and cloud service sectors.

What were Broadcom’s (NASDAQ:AVGO) earnings per share (EPS) for Q1 2026?

Broadcom reported diluted earnings per share (EPS) of $1.50 on a GAAP basis and $2.05 on an adjusted basis for Q1 2026. The adjusted EPS reflects the company’s ability to scale operations efficiently while navigating increased system-level costs related to AI hardware.

How did Broadcom (NASDAQ:AVGO) maintain profitability despite higher costs associated with AI hardware?

Broadcom managed to maintain robust profitability by effectively scaling operations, with adjusted EBITDA reaching $13.13 billion, or 68% of total revenue. Despite the higher system-level costs associated with AI hardware, the company’s strong semiconductor growth and VMware acquisition helped offset these expenses and enhance overall profitability.

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Broadcom Q1 2026 revenue rises 29% to $19.3 billion

Written by Isaac FrancisPublished Mar 4, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:44 AM

Broadcom (NASDAQ:AVGO) reported record financial results for its fiscal first quarter ended February 1, 2026, solidifying its position as a primary beneficiary of the generative artificial intelligence boom.

The technology giant posted revenue of $19.31 billion, representing a 29% increase compared to the same period last year.

The performance was characterized by a potent combination of semiconductor growth and the high-margin recurring revenue generated by its recent acquisition of VMware.

The company’s profitability remained robust during the period, with GAAP net income reaching $7.35 billion.

On a non-GAAP basis, net income climbed to $10.19 billion, supported by an adjusted EBITDA of $13.13 billion, which represents an industry-leading 68% of total revenue.

Diluted earnings per share reached $1.50 on a GAAP basis and $2.05 on an adjusted basis, reflecting the company's ability to scale operations efficiently despite higher system-level costs associated with AI hardware.

Following the quarter's performance, Broadcom's management issued aggressive guidance for the second fiscal quarter, projecting revenue of approximately $22 billion.

This forecast implies a year-over-year jump of roughly 47%, a trajectory driven by the ramp-up of next-generation custom AI chips for major cloud service providers.

Broadcom Q1 2026 revenue rises 29% to $19.3 billion

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