Broadcom releases Q1 2026 earnings results, beating Wall Street estimates easily + 1B share buyback program

Broadcom Inc. (AVGO) released its Q1 Fiscal Year 2026 financial results on March 4, 2026, delivering a significant "beat and raise" driven by explosive demand for AI infrastructure. ​Financial Highlights (Q1 2026) ​Broadcom exceeded Wall Street's expectations across all major metrics: ​Net Revenue: $19.31 billion, an increase of 29% year-over-year (YoY). ​Adjusted EPS (Non-GAAP): $2.05, surpassing the consensus estimate of $2.02. ​AI Semiconductor Revenue: $8.4 billion, surging 106% YoY. AI now accounts for roughly 44% of Broadcom's total revenue. ​Free Cash Flow: $8.01 billion, representing 41% of total revenue. Future Outlook & Guidance ​CEO Hock Tan provided an exceptionally bullish outlook for the remainder of the fiscal year: ​Q2 Revenue Guidance: Broadcom raised its Q2 revenue forecast to approximately $22 billion, well ahead of the $20.6 billion analysts were expecting. ​AI Growth: Management expects AI semiconductor revenue to hit $10.7 billion in Q2 and is targeting $100 billion in AI chip revenue by 2027. ​Shareholder Returns: The board approved a new $10 billion share repurchase program through the end of 2026 and declared a quarterly dividend of $0.65 per share. https://investors.broadcom.com/news-releases/news-release-details/broadcom-inc-announces-first-quarter-fiscal-year-2026-financial