Broadcom Reports $19.3 Billion in First Quarter Revenues

<p><strong><span class&equals;"legendSpanClass">PALO ALTO<&sol;span><&sol;strong> &&num;8212&semi; Broadcom Inc&period;&comma; a designer and developer of semiconductor and infrastructure software solutions&comma; reported record financial results for its first quarter of fiscal year 2026&comma; ended February 1&comma; 2026&period;<&sol;p>&NewLine;<p>Revenue for the quarter was &dollar;19&period;3 billion for the first quarter&comma; up 29 percent from the prior year period&period; Net income was &dollar;7&period;35 billion&comma; a 34&percnt; increase&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Broadcom achieved record first quarter revenue on continued strength in AI semiconductor solutions&period; Q1 AI revenue of &dollar;8&period;4 billion grew 106&percnt; year-over-year&comma; above our forecast&comma; driven by robust demand for custom AI accelerators and AI networking&comma;&&num;8221&semi; said Hock Tan&comma; President and CEO of Broadcom Inc&period; &&num;8220&semi;Our AI revenue growth is accelerating&comma; and we expect AI semiconductor revenue to be &dollar;10&period;7 billion in Q2&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Consolidated revenue grew 29&percnt; year-over-year to a record &dollar;19&period;3 billion&period; Adjusted EBITDA increased 30&percnt; year-over-year to a record &dollar;13&period;1 billion&comma; representing 68&percnt; of revenue&period; In Q2 we expect revenue growth to increase 47&percnt; year-over-year to &dollar;22&period;0 billion&comma; with adjusted EBITDA of 68&percnt;&comma;&&num;8221&semi; said Kirsten Spears&comma; CFO of Broadcom Inc&period; &&num;8220&semi;Consistent with our commitment to return excess cash to shareholders&comma; we returned &dollar;10&period;9 billion in the first quarter through &dollar;3&period;1 billion of cash dividends and &dollar;7&period;8 billion of stock repurchases&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Broadcom has over &dollar;14&period;1 billion in cash available&period;<&sol;p>&NewLine;<p>The Board of Directors of Broadcom has approved a quarterly cash dividend of &dollar;0&period;65 per share&period; The dividend is payable on March 31&comma; 2026 to stockholders of record at the close of business &lpar;5&colon;00 p&period;m&period; Eastern Time&rpar; on March 23&comma; 2026&period;<&sol;p>&NewLine;