Broadcom Delivers Record Q2 Revenue as AI Momentum Fuels Growth and Declares Dividend

Broadcom reported Q2 FY2026 revenue of $22.187 billion (up 48% year over year) with GAAP net income of $9.31 billion and non-GAAP net income of $12.074 billion; adjusted EBITDA was $15.244 billion (69% of revenue), and diluted earnings per share were $1.91 GAAP and $2.44 non-GAAP. Cash from operations was $10.493 billion, with free cash flow of $10.262 billion (46% of revenue). The board declared a quarterly dividend of $0.65 per share. For Q3 FY2026, Broadcom guided revenue of about $29.4 billion (up 84% YoY) with non-GAAP operating margin near 67% and adjusted EBITDA around 68% of revenue. AI semiconductors drove Q2 AI revenue to $10.8 billion, up 143% YoY, and the company expects AI revenue to reach about $16.0 billion in Q3, signaling continued strong AI-related demand.