---
title: "\"Performance\" Broadcom's first fiscal quarter revenue beats expectations, AI business revenue doubles"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277838160.md"
description: "Broadcom announced a net profit of $7.35 billion for the first fiscal quarter, a year-on-year increase of 34%, with adjusted earnings per share of $2.05, slightly above expectations. Revenue grew by 29% to $19.31 billion, and artificial intelligence revenue doubled to $8.4 billion. The company expects revenue for the second fiscal quarter to reach $22 billion, with artificial intelligence semiconductor revenue expected to reach $10.7 billion, and announced a share buyback of up to $10 billion to be conducted in 2026"
datetime: "2026-03-04T21:24:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277838160.md)
  - [en](https://longbridge.com/en/news/277838160.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277838160.md)
---

# "Performance" Broadcom's first fiscal quarter revenue beats expectations, AI business revenue doubles

Chip manufacturer Broadcom (AVGO.US) announced after the market close on Wednesday that its net profit for the first fiscal quarter ending February 1 of this year increased nearly 34% year-on-year to $7.35 billion, with adjusted earnings per share of $2.05, slightly above the expected $2.03. During the period, revenue grew 29% to $19.31 billion, exceeding expectations, with artificial intelligence revenue increasing 106% to $8.4 billion.

The company expects its adjusted EBITDA margin for the second fiscal quarter to reach 68%; revenue is projected to be $22 billion, higher than the market expectation of $20.56 billion. The company anticipates that second-quarter artificial intelligence semiconductor revenue will reach $10.7 billion.

Broadcom announced that the board has approved a share repurchase of up to $10 billion to be conducted in 2026

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