Broadcom reports Q1 revenue up 29% YoY to $19.31B, above $19.18B est., AI revenue up 106% YoY to $8.4B, and authorizes up to $10B in share buybacks through 2026
Broadcom reported better-than-expected earnings and revenue and issued a strong forecast for the current period as the chipmaker continues to benefit from the artificial intelligence boom.
CNBC
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Broadcom +5% after-hours on Q1 2026 earnings beat. Revenue +29% YoY to $19.3B, AI +106% to $8.4B, guides $22B Q2 vs $20.6B est, $10B buyback