Broadcom Q2 Earnings Overview
Broadcom (NASDAQ: AVGO) reported a record second-quarter revenue of $22.19 billion, a 48% increase year-over-year, with earnings per share of $2.44, surpassing analysts’ expectations of $2.40. However, the company forecasted artificial intelligence chip sales of $16 billion for Q3, below the $17.2 billion analysts anticipated, causing a 12% drop in stock value in after-hours trading.
The earnings report, covering the period ending May 3, 2026, highlighted AI-related semiconductor revenue of $10.8 billion, a 143% increase from the previous year. Total net income rose 55% to $12.07 billion, while free cash flow was reported at $10.26 billion. Despite strong performance in semiconductors, infrastructure software revenue only grew 9% to $7.17 billion.
Broadcom maintained its full-year AI chip sales guidance at $100 billion, leading to mixed market reactions. The semiconductor solutions segment accounted for 68% of total revenue, reflecting significant growth driven by partnerships with major companies like Alphabet and OpenAI.
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