Broadcom's Q1 FY2026 Revenue Climbs on AI Demand, Announces Dividend and $10B Buyback
Broadcom posted Q1 FY2026 revenue of $19.3B (up 29% YoY) with GAAP net income of $7.35B and non-GAAP net income of $10.19B; adjusted EBITDA was $13.13B (68% of revenue) and diluted EPS was $1.50 (GAAP) or $2.05 (non-GAAP). Operating cash flow reached $8.26B and free cash flow $8.01B. The Board approved a quarterly dividend of $0.65 per share and a new $10B share repurchase program. For Q2 FY2026, revenue guidance is about $22.0B with ~68% Adjusted EBITDA. AI-driven revenue was $8.4B in Q1 (up 106% YoY) and is expected to hit ~$10.7B in Q2. Semiconductors led with $12.515B of revenue; infrastructure software contributed $6.796B. The company finished the quarter with $14.174B in cash and $63.8B in long‑term debt.
