First-quarter revenues totaled $19.31 billion, compared to $14.92 billion last year. Analysts had forecast a slower growth. The management said it expects fiscal 2026 second-quarter revenues to be around $22.0 billion. The guidance for Q2 Adjusted EBITDA is approximately 68 percent of projected 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. Our AI revenue growth is accelerating, and we expect AI semiconductor revenue to be $10.7 billion in Q2,” said Hock Tan, CEO of Broadcom.
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