Overview
- Broadcom reported Q2 FY2026 revenue of $22.187 billion with AI semiconductor sales of $10.80 billion, a 143% year‑over‑year increase.
- The company guided Q3 AI semiconductor revenue to $16.0 billion, signaling more than 200% year‑over‑year growth in the near term.
- Q2 AI bookings exceeded $30 billion while shipments in the quarter were $10.8 billion, and Broadcom says this backlog gives visibility into 2028 and supports a fiscal 2027 AI revenue target above $100 billion.
- Broadcom converted strong profits into cash with $10.262 billion of free cash flow, a cash balance that more than doubled to $19.628 billion, and it raised the quarterly dividend to $0.65 after 15 consecutive years of increases.
- Analysts note the strategic upside comes from Broadcom’s dominant role in high‑speed AI switching, but the growth plan depends heavily on a small group of hyperscaler customers so order timing from those partners is the main risk to the company’s contracted outlook.