tech

March 4, 2026

Broadcom beats on earnings and guidance as AI revenue doubles

Broadcom's AI revenue jumped 106% as the company continues to be a big beneficiary of the boom in infrastructure spending.

Broadcom beats on earnings and guidance as AI revenue doubles

TL;DR

  • Broadcom reported better-than-expected earnings per share of $2.05 and revenue of $19.31 billion.
  • Revenue increased by 29% year over year, reaching $19.31 billion.
  • AI revenue soared 106% to $8.4 billion, driven by demand for custom AI accelerators and networking.
  • The company forecast $22 billion in revenue for the second quarter, surpassing estimates.
  • Broadcom announced up to $10 billion in new share buybacks through 2026.
  • Revenue from semiconductor solutions was $12.52 billion, while infrastructure software revenue was $6.80 billion.

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