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Mar 4, 2026 4:50 PM

Broadcom Beats Q1 Earnings As AI Revenue More Than Doubles

Broadcom Inc (NASDAQ:AVGO) reported financial results for the first quarter of fiscal 2026 after the close on Wednesday. Here’s a look at the key details from the print.

Broadcom shares are trending higher. What’s pushing AVGO stock higher?

Broadcom Beats Q1 Estimates

Broadcom reported first-quarter revenue of $19.31 billion, beating analyst estimates of approximately $19.20 billion. The company posted adjusted earnings of $2.05 per share for the quarter, beating analyst estimates of $2.02 per share, according to Benzinga Pro.

Revenue in the first quarter was up 29% on a year-over-year basis, driven by continued strength in AI semiconductor solutions.

“Q1 AI revenue of $8.4 billion grew 106% year-over-year, above our forecast, ...