Broadcom (AVGO)

Broadcom (AVGO) designs the switch silicon, SerDes, and co-packaged optics at the heart of AI networking fabrics, plus custom AI accelerators for hyperscalers. In ETFpedia it represents the Optical Networking & Photonics concept, because its AI semiconductor revenue grew 143% in fiscal Q2 2026, to $10.8 billion, on AI networking and custom compute.

TickerAVGO
ExchangeNASDAQ
SectorTechnology · Networking Semiconductors
CountryUnited States
Held by ETFKODEX US AI Optical Communication Network ETF (0173Y0)
Last updated2026-06-04
Financial snapshotas of2026-06-04

Next event:Next earnings · fiscal Q3 2026estimated · Date not yet announced as of 2026-06-04; Broadcom typically reports fiscal Q3 in early September. Last report: fiscal Q2 2026 on 2026-06-03. Confirm on Broadcom IR. (source)

Latest reported quarter:Fiscal Q2 2026 (ended May 3, 2026) (reported2026-06-03)

Broadcom posted record revenue of $22.187 billion, up 48% year over year, with non-GAAP EPS of $2.44 and AI semiconductor revenue of $10.8 billion, up 143%, on custom AI accelerators and AI networking.

Revenue$22.187B+48%YoY · record
Non-GAAP EPS$2.44
GAAP EPS$1.91
Adjusted EBITDA$15.244B · 69% of revenue
AI semiconductor revenue$10.8B · +143% YoY

Primary source

Revenue by segment

Semiconductor Solutions$15,009M · ~68%of revenue+79% YoY
Infrastructure Software$7,178M · ~32%of revenue+9% YoY

Guidance:Fiscal Q3 2026

Revenue~$29.4B · ≈ +84% YoY
AI semiconductor revenue$16.0B · >+200% YoY
Non-GAAP operating margin~67% of revenue

Guidance source

Recent & upcoming events

  • · Tomahawk 6 'Davisson' CPO switch.Industry-first 102.4 Tbps Ethernet switch with co-packaged optics, cutting optical-interconnect power sharply. (source)
  • · Record fiscal Q1 2026; AI revenue $8.4B.Revenue $19.3B (+29%); AI revenue grew 106% on custom accelerators and AI networking. (source)
  • · Extended Meta partnership.Multi-gigawatt custom MTIA accelerator program on an industry-first 2nm design, through 2029. (source)
  • · Record fiscal Q2 2026; AI revenue $10.8B.Revenue $22.2B (+48%); AI semiconductor revenue grew 143%; Q3 guided to ~$29.4B with AI revenue to $16.0B (>+200%). (source)

Figures above reflect fiscal Q2 2026, reported after market close on June 3, 2026; fiscal Q1 2026 figures ($19.311B revenue, $8.4B AI) are retained in the timeline for comparison.

Figures are as of 2026-06-04 and reflect the most recent public filings/IR releases; they are updated after each earnings report.

What does Broadcom do?

Broadcom is two businesses. Its Semiconductor Solutions arm makes networking silicon (the Tomahawk and Jericho Ethernet switches, SerDes, and co-packaged optics), custom AI accelerators (XPUs) for hyperscalers, plus broadband, wireless, and storage chips. Its Infrastructure Software arm, anchored by VMware, sells virtualization and security software. Semiconductors were about 68% of fiscal Q2 2026 revenue, with Semiconductor Solutions up 79% year over year to $15.0 billion (Broadcom 8-K, Jun 3, 2026).

How is AI driving Broadcom’s business?

Broadcom sells both the custom accelerators hyperscalers design with it and the Ethernet fabric that connects them, so it captures AI spending on two fronts. AI semiconductor revenue reached $10.8 billion in fiscal Q2 2026, up 143% year over year.

Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year, above our forecast, driven by increasing demand for custom AI accelerators and AI networking. The momentum continues and in Q3 we expect semiconductor revenue from AI to grow over 200 percent year-over-year to $16.0 billion.

— Hock Tan, President & CEO, Broadcom (fiscal Q2 2026 results (SEC 8-K))

What did Broadcom report most recently?

In fiscal Q2 2026 (the quarter ended May 3, 2026), Broadcom posted record revenue of $22.187 billion, up 48% year over year, with non-GAAP EPS of $2.44 (GAAP EPS $1.91) and adjusted EBITDA of $15.244 billion, or 69% of revenue (Broadcom 8-K). That follows record fiscal Q1 2026 revenue of $19.311 billion (up 29%) reported in March.

What is Broadcom’s guidance?

For fiscal Q3 2026, Broadcom guided revenue to about $29.4 billion (roughly 84% growth), with AI semiconductor revenue expected to grow over 200% year over year to $16.0 billion and non-GAAP operating margin around 67% of revenue (Broadcom 8-K).

When does Broadcom report next?

Broadcom reported fiscal Q2 2026 results after market close on June 3, 2026. Its next report, fiscal Q3 2026, had not been scheduled as of June 4, 2026, but Broadcom typically reports the fiscal third quarter in early September; check Broadcom’s investor-relations site for the confirmed date.

Why is Broadcom part of optical networking?

Broadcom’s Tomahawk 6 “Davisson” is an industry-first 102.4 Tbps Ethernet switch with co-packaged optics, moving the optics next to the switch chip to slash interconnect power. That places Broadcom at the leading edge of the Optical Networking & Photonics theme, on top of its custom-accelerator franchise.

What are the risks for Broadcom?

  • AI customer concentration. A few hyperscalers drive custom-accelerator demand; order timing or in-housing could swing growth.
  • Software drag. Infrastructure Software is near-flat, and VMware renewals carry execution risk.
  • CPO ramp. Co-packaged optics depend on the optical supply chain and customer adoption versus pluggables.
  • Geopolitics. Export controls and China exposure affect advanced AI and networking silicon.

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Frequently asked questions about Broadcom

What does Broadcom do?

Broadcom designs networking and custom-compute semiconductors and infrastructure software. Its Tomahawk and Jericho Ethernet switch silicon, SerDes, and co-packaged optics, plus custom AI accelerators, are central to AI data-center fabrics; its software arm includes VMware.

When does Broadcom report its next earnings?

Broadcom last reported fiscal Q2 2026 on June 3, 2026, and is expected to report fiscal Q3 2026 in early September; the date was not yet announced as of June 4, 2026. Confirm it on Broadcom's investor-relations site.

What was Broadcom's latest reported quarterly revenue?

Broadcom reported record revenue of $22.187 billion in fiscal Q2 2026 (the quarter ended May 3, 2026), up 48% year over year, with non-GAAP EPS of $2.44, GAAP EPS of $1.91, and adjusted EBITDA of $15.244 billion (69% of revenue). AI semiconductor revenue was $10.8 billion, up 143%.

What is Broadcom's guidance?

For fiscal Q3 2026, Broadcom guided revenue to about $29.4 billion (roughly 84% growth) and said it expects AI semiconductor revenue to grow over 200% year over year to $16.0 billion, with non-GAAP operating margin around 67% of revenue.

How fast is Broadcom's AI revenue growing?

AI semiconductor revenue reached $10.8 billion in fiscal Q2 2026, up 143% year over year and above Broadcom's own forecast, on custom AI accelerators and AI networking. Management guided that figure to rise to $16.0 billion in fiscal Q3 2026, more than tripling year over year.

Why is Broadcom an AI optical networking play?

Broadcom makes the switch silicon, SerDes, and co-packaged optics at the heart of AI networking fabrics (its Tomahawk 6 is an industry-first 102.4 Tbps switch with co-packaged optics) alongside custom AI accelerators. Semiconductor Solutions revenue grew 79% year over year to $15.0 billion in fiscal Q2 2026.

Sources & references

  1. Broadcom announces second quarter fiscal year 2026 financial results (SEC 8-K, Exhibit 99.1) · Broadcom Inc. / SEC EDGAR, 2026-06-03
  2. Broadcom announces first quarter fiscal year 2026 financial results · Broadcom Inc., 2026-03-04
  3. Broadcom Inc. · investor relations and financial releases · Broadcom Inc., 2026-06-04
  4. Broadcom announces extended partnership with Meta to deploy custom AI silicon · Broadcom Inc., 2026-04-14
  5. Broadcom announces Tomahawk 6 · Davisson, the industry's first 102.4 Tbps CPO switch · Broadcom Inc., 2025-10-15
  6. Nasdaq listed company information · AVGO · Nasdaq, 2026-06-02