First-quarter revenues totaled $19.31 billion, in comparison with $14.92 billion final 12 months. Analysts had forecast a slower progress. The administration mentioned it expects fiscal 2026 second-quarter revenues to be round $22.0 billion. The steerage for Q2 Adjusted EBITDA is roughly 68 % of projected revenue.
“Broadcom achieved document first-quarter revenue on continued energy in AI semiconductor options. Q1 AI revenue of $8.4 billion grew 106% 12 months-over-12 months, above our forecast, pushed by sturdy demand for customized AI accelerators and AI networking. Our AI revenue progress is accelerating, and we count on AI semiconductor revenue to be $10.7 billion in Q2,” mentioned Hock Tan, CEO of Broadcom.
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