Broadcom reported a strong Q2 fiscal 2026 with revenue rising 48% year-over-year to $22.2 billion, fueled by a 143% surge in AI semiconductor sales to $10.8 billion. Net income nearly doubled to $9.3 billion, with adjusted EBITDA reaching $15.2 billion, or 69% of revenue. The company expects Q3 revenue to grow 84% year-over-year to approximately $29.4 billion, driven by continued AI demand, and maintained a quarterly dividend of $0.65 per share. This performance highlights Broadcom's leadership in AI technology and strong cash flow generation.
Broadcom reported a record $22.19 billion in Q2 revenue, driven by a 143% surge in AI semiconductor sales to $10.8 billion. Adjusted earnings per share rose 54% to $2.44, beating estimates. However, shares fell over 5% after the company forecasted Q3...
Broadcom reported fiscal Q2 earnings with revenue of $22.19 billion, slightly below the $22.27 billion expected, despite a 48% year-over-year increase driven by AI chip demand. Adjusted earnings per share beat estimates at $2.44 versus $2.40. AI-rela...
The S&P 500 has surged nearly 20% in nine weeks, but its nine-day winning streak may face a test as Broadcom and Crowdstrike report earnings after the bell. Broadcom, a chipmaker and software provider with a market cap over $2 trillion, has outperfor...
US stock futures showed mixed movements following a record close, with the Dow Jones and S&P 500 slightly down and Nasdaq 100 nearly flat. Heightened Middle East tensions escalated after the US military struck an Iranian control station in retaliatio...
Broadcom is experiencing strong growth fueled by high demand for its AI chips and robust software expansion, especially from its VMware division. Analysts have raised their price targets, reflecting growing confidence in the company's prospects. Howe...
