Broadcom posts AI-driven surge
Analysts flagged Broadcom’s revenue surge — reported at $19.3B — as evidence of continued AI infrastructure spending driving chip and networking demand deep dive. The piece frames Broadcom as a core revenue engine as customers scale AI deployments.
AI revenue reached $8.4 billion, up 106% year‑over‑year. prnewswire.com Management disclosed an AI‑specific backlog of roughly $73 billion tied to data‑center networking and custom accelerators, and said it has qualified a fourth custom AI‑chip customer that analysts estimate could add about $10 billion of incremental orders in the second half of the fiscal year. financialcontent.com The company guided second‑quarter fiscal‑2026 revenue at about $22.0 billion and projected adjusted EBITDA near 68% of revenue. broadcom.com CEO Hock Tan told analysts he expects AI chip revenue to be “significantly in excess of $100 billion” in 2027. cnbc.com Broadcom authorized a new $10 billion share‑repurchase program and maintained a quarterly dividend of $0.65 per share. broadcom.com The quarter produced $8.01 billion of free cash flow after $250 million of capital expenditures and reported adjusted EBITDA of $13.128 billion (68% of revenue). broadcom.com
