Broadcom reported Q1 FY2026 net revenue of USD 19.3 billion, up 29%, with GAAP net income of USD 7.3 billion and non-GAAP net income of USD 10.2 billion. GAAP diluted EPS was USD 1.50 and non-GAAP diluted EPS was USD 2.05. Adjusted EBITDA was USD 13.1 billion (68% of revenue), while cash from operations was USD 8.3 billion and free cash flow was USD 8.0 billion (41% of revenue). In business highlights, Broadcom said Q1 AI revenue was USD 8.4 billion, up 2.1x year-over-year, driven by demand for custom AI accelerators and AI networking, and it expects AI semiconductor revenue of USD 10.7 billion in Q2. For Q2 FY2026, Broadcom guided for revenue of approximately USD 22.0 billion, up 47%, with adjusted EBITDA of approximately 68% of projected revenue. The company also declared a quarterly dividend of USD 0.65 per share and authorized a new USD 10.0 billion share repurchase program through December 31, 2026.

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