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Broadcom reports fiscal Q1 2026 AI revenue growth of 106 percent to 8.4 billion dollars
Tuesday, February 10, 2026 at 10:41 AM
Broadcom reported first-quarter fiscal 2026 results featuring $19.31 billion in total revenue, marking a 29.5% year-over-year increase. The company's AI-related revenue surged 106% year-over-year to $8.4 billion, exceeding analyst expectations. Adjusted earnings per share reached $2.05, slightly beating the forecast of $2.02.
Context
Broadcom reported record fiscal first quarter 2026 results, driven by a 106% year-over-year surge in AI revenue to $8.4 billion. The company surpassed expectations with consolidated revenue of $19.31 billion and non-GAAP diluted EPS of $2.05. Following the announcement, Broadcom issued a robust second quarter revenue forecast of $22 billion, representing 47% growth, and authorized a new $10 billion share repurchase program. This momentum reflects a strategic shift as custom AI accelerators and high-speed networking solutions become the primary growth engines for the semiconductor giant. During the earnings conference call on March 4, 2026, CEO Hock Tan provided a massive long-term outlook, stating, "We have line of sight to achieve AI revenue—from chips, just chips—in excess of $100 billion in 2027." Tan further confirmed that the company has secured the necessary supply chain capacity to meet this projected demand through 2027. This guidance highlights the accelerating scale of custom silicon projects for major hyperscalers including Meta, OpenAI, and Anthropic.
Sources (6)
Broadcom Inc. Announces First Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend | Broadcom Inc.Broadcom beats on earnings and guidance as AI revenue doublesBroadcom Q1 seen up 29% YOY as AI revenue nears $8 billion, margins set to easeBroadcom sees over $100 billion in AI chip sales by 2027 on robust custom chip demand | ReutersBroadcom Inc. Announces First Quarter Fiscal Year 2026 Financial Results and Quarterly DividendHow Broadcom CEO Hock Tan won the market over during the earnings call - Sherwood News
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