Broadcom reported these results after market close on March 4, 2026. Total Q1 FY2026 revenue reached $19.311 billion, up 29% year-over-year and a record quarter for the company. AI revenue hit $8.4 billion, a 106% year-over-year increase. Adjusted EBITDA reached $13.128 billion at 68% of revenue. The board authorized a $10 billion share repurchase program through December 31, 2026. Quarterly dividend holds at $0.65 per share. Stock rose approximately 5% in after-hours trading.
Q2 guidance points to continued acceleration. Broadcom projected total Q2 revenue of approximately $22.0 billion, up 47% year-over-year. AI semiconductor revenue guidance for Q2 reached $10.7 billion, a 140% year-over-year increase, per CNBC’s earnings call reporting.
CEO Hock Tan confirmed five custom AI accelerator customers on the call, including Google, Anthropic, OpenAI, and Meta. CEO Tan stated that Anthropic has one gigawatt of TPU compute in 2026, with demand expected to exceed three gigawatts in 2027. On the 2027 projection, CEO Tan stated the company has line of sight to achieve AI revenue from chips alone in excess of $100 billion. According to CNBC, Anthropic placed a $10 billion custom chip order in December 2025, per CEO Tan’s earlier statements. Anthropic remains one of five confirmed Broadcom custom chip customers despite its ongoing Pentagon supply-chain dispute (see today’s regulation pillar coverage).
Running at 106% AI revenue growth with 140% growth guided for Q2, this is not a one-quarter result. For chip investors and enterprise technology teams tracking AI infrastructure spend, the Broadcom data puts hard numbers behind what has been a projection-heavy narrative. The custom silicon build-out is still accelerating.