Broadcom (NASDAQ: AVGO) — Q3 FY2026 Pre Earnings

Key Earnings Driver: AI Accelerators and AI Networking

Broadcom Q2 revenue increased 48% year over year to $22.2B. Semiconductor Solutions increased 79% to $15.0B. Within Semiconductor Solutions, semiconductor revenue from AI increased 143% to $10.8B, driven by increasing demand for custom AI Accelerators and AI Networking. Infrastructure Software increased 9% to $7.2B, primarily driven by VMware Cloud Foundation. For Q3, Hock Tan, President and CEO of Broadcom, expects semiconductor revenue from AI to grow more than 200% year over year to $16.0B.

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Broadcom website and/or SEC filings for Q2, with status based on reported data.