AVGO Broadcom Inc.
Price Chart
Executive Summary
Broadcom reported Q2 FY2026 results with record revenue of $22.187B (+48% YoY), GAAP diluted EPS of $1.91 (+85% YoY), and non-GAAP diluted EPS of $2.44 (+54% YoY). AI semiconductor revenue surged 143% YoY to $10.8B, and Q3 revenue guidance of ~$29.4B (+84% YoY) with AI semiconductor revenue expected to grow over 200% YoY to $16.0B dramatically exceeded consensus expectations, driving a strongly bullish read-through.
Key Financial Metrics
Actionable Insight
The massive Q3 guidance raise to $29.4B (+84% YoY) and AI revenue acceleration to $16.0B in Q3 (over 200% YoY) signal a structural inflection in AI infrastructure spending that far exceeds prior expectations. Traders should position for continued upside momentum as the AI custom accelerator and networking cycle accelerates, with potential for further upward revisions through the year.
Key Facts
- Q2 FY2026 revenue of $22.187B, up 48% YoY from $15.004B
- GAAP diluted EPS of $1.91, up 85% YoY from $1.03
- Non-GAAP diluted EPS of $2.44, up 54% YoY from $1.58
- AI semiconductor revenue of $10.8B, up 143% YoY
- Adjusted EBITDA of $15.244B, or 69% of revenue, up 52% YoY
- Free cash flow of $10.262B, or 46% of revenue, up 60% YoY
- Q3 FY2026 revenue guidance of ~$29.4B, up 84% YoY
- Q3 AI semiconductor revenue expected to grow over 200% YoY to $16.0B
- Quarterly dividend of $0.65 per share declared, payable June 30, 2026
- Cash and cash equivalents of $19.628B, up from $14.174B at prior quarter end
Financial Impact
Q2 revenue beat consensus by ~$2.5B (22.187B vs 19.3B implied from prior guidance); Q3 guidance of $29.4B is ~$7.4B above prior consensus of ~$22B, driven by AI semiconductor acceleration
Risk Factors
- Execution risk on ramping AI semiconductor production to $16B quarterly run rate
- Customer concentration risk — a handful of hyperscalers drive AI revenue
- Trade restrictions or export controls on AI semiconductors could disrupt supply chain
- Infrastructure software segment growth of only 9% YoY shows non-AI business lagging
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001730168-26-000051 |
| Document: avgo-20260603.htm | 0001730168-26-000051 |
| Document: 0001730168-26-000051-index-headers.html | 0001730168-26-000051 |
| Document: 0001730168-26-000051-index.html | 0001730168-26-000051 |
| Document: 0001730168-26-000051.txt | 0001730168-26-000051 |
| 8-K Data (Synthetic) | 0001730168-26-000051 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
5d ago
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S-4
| $405.32 awaiting T+1 | awaiting T+1 | — | $382.07 (−5.74%) |
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Jun 9, 2026
5d ago
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S-4
| $400.58 awaiting T+1 | awaiting T+1 | — | $382.07 (−4.62%) |
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Jun 7, 2026
7d ago
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ANALYST-DOWNGRADE
| $350.64 $354.85 | ▲ +1.20% | ▲ +0.63% | $382.07 (+8.96%) |
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Jun 4, 2026
10d ago
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ANALYST-DOWNGRADE
| $418.91 $385.70 | ▲ +7.93% | ▲ +5.33% | $382.07 (+8.79%) |
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Jun 3, 2026
11d ago
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8-K
| $418.91 $385.73 | ▼ −7.92% | ▼ −5.35% | $382.07 (−8.79%) |
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May 31, 2026
14d ago
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ANALYST-UPGRADE
| $342.36 $352.01 | ▲ +2.82% | ▲ +2.83% | $382.07 (+11.60%) |
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May 27, 2026
18d ago
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Press Release
| $421.81 $426.40 | ▲ +1.09% | ▲ +0.54% | $382.07 (−9.42%) |
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May 19, 2026
27d ago
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Press Release
| $411.05 $417.36 | ▲ +1.53% | ▲ +0.49% | $382.07 (−7.05%) |
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May 8, 2026
5w ago
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ANALYST-DOWNGRADE
| $350.64 $354.85 | ▼ −1.20% | ▼ −0.63% | $382.07 (−8.96%) |
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Apr 8, 2026
9w ago
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144
| $354.85 $371.55 | ▲ +4.71% | ▲ +4.77% | $382.07 (+7.67%) |
US Market Status
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