Broadcom (AVGO) Q1 2026 Earnings
How Did AVGO Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: −3.24%.
Did AVGO Beat Earnings? Q1 2026 Results
Yes. Broadcom reported Q1 2026 earnings of $2.05 a share on Mar 4, 2026, beating the $2.02 consensus estimate by 1.3%. Revenue was $19.3B against a $19.1B estimate.
Broadcom delivered a record fiscal first quarter of 2026, posting non-GAAP diluted EPS of $2.05 against a consensus estimate of $2.02, a beat of 1.32%, while revenue climbed 29.5% year over year to $19.31 billion, edging past the $19.14 billion estimate. The driving force behind the quarter was an extraordinary surge in AI semiconductor demand, with AI chip revenue doubling 106% year over year to $8.40 billion, well ahead of the company's own forecast and enough to lift the Semiconductor Solutions segment to $12.52 billion, up 52% annually and now representing 65% of total revenue. Profitability expanded alongside growth, with adjusted EBITDA reaching a record $13.13 billion at a 68% margin. Those <a href="https://247wallst.com/investing/2026/03/04/live-earnings-analysis-will-broadcom-avgo-announce-something-big-tonight/">already-high expectations</a> for AI momentum appear set to intensify further, as management guided Q2 revenue to approximately $22.00 billion, implying 47% year-over-year growth, with AI semiconductor revenue alone projected to reach $10.70 billion next quarter, keeping Broadcom's CEO on track toward a stated goal of exceeding $100 billion in AI sales by 2027.
- AI semiconductor revenue of $8.4 billion grew 106% year-over-year, above forecast
- Robust demand for custom AI accelerators and AI networking
- Semiconductor Solutions segment revenue grew 52% year-over-year
- Adjusted EBITDA margin maintained at 68% of revenue
- Free cash flow of $8.0 billion, representing 41% of revenue
“Broadcom achieved record first quarter revenue on continued strength in AI semiconductor solutions. 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.”
Broadcom CEO, on the earnings call
What Was Broadcom's Outlook in Q1 2026?
For Q2 fiscal 2026 (ending May 3, 2026), Broadcom expects revenue of approximately $22.0 billion, representing 47% year-over-year growth. Adjusted EBITDA is expected to be approximately 68% of projected revenue. AI semiconductor revenue is expected to reach $10.7 billion in Q2, reflecting accelerating AI revenue growth.
AVGO YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $19.3B | $14.9B | +29.5% |
| Gross Profit | $13.2B | $10.1B | +29.7% |
| Operating Income | $8.6B | $6.3B | +36.8% |
| Net Income | $7.3B | $5.5B | +33.6% |
AVGO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.