AVGO

AI Research

Record Q1 FY2026 $19.3B rev +29% → $100B AI chip rev guided for FY2027

Broadcom reported record Q1 FY2026 results with $19.3 billion in revenue, up 29% year-over-year, driven by surging AI chip demand; the company guided Q2 revenue at $22 billion (+47% YoY) and declared a $0.65 quarterly dividend. Management guided to at least $100 billion in AI chip revenue in fiscal 2027, reflecting massive hyperscaler demand for its custom XPU and networking chips. The company also announced its Tomahawk 6 switch family began production volume shipping on March 12, though high valuation multiples relative to even this strong growth remain a concern.

Related News