Broadcom reported a 52% increase in revenues from Semiconductor solutions, reaching $12.52 billion in Q1 of fiscal 2026, which accounted for 64.8% of total net revenues of $19.31 billion, a year-over-year increase of 29.5%. This growth was propelled by a 106% surge in AI revenues, which are expected to rise to $10.7 billion in Q2, reflecting a 140% year-over-year increase. The company anticipates total revenues of $22 billion for Q2, indicating a 47% year-over-year growth.
At the ongoing 2026 Optical Fiber Communications Conference, Broadcom introduced new products including 3.5D XPU and 102.4T Ethernet switches designed to support high-scale AI networks. Their new Tomahawk 6 switch promises to double throughput from the previous model while meeting the demands of AI clusters with more than one million XPUs.
Broadcom’s stock has increased by 65.4% in the past year, outperforming the broader sector’s growth of 33.6%. Meanwhile, the company faces stiff competition from NVIDIA, whose Data Center revenues surged 75% year-over-year to $62.31 billion, and Advanced Micro Devices (AMD), which experienced a 39.4% increase in Data Center revenues to $5.38 billion.
