Earnings Call
Jun 3, 2026
Q2 FY2026
EPS Estimate
2.40
EPS Actual
2.44
Post-Earnings Close
$418.91
Earnings Reaction
-12.6%
Broadcom's fiscal Q2 2026 results were exceptional by almost any measure, with total revenue of $22.2 billion coming in above the $22.0 billion guide and consensus, driven by AI semiconductor revenue that reached a record $10.8 billion, up 143% year-on-year and ahead of internal expectations. Operating margin hit a record 67.3%, up 200 basis points year-on-year despite gross margin compression from mix shift, and adjusted EBITDA of 69% of revenue exceeded guidance. Free cash flow of $10.3 billion, representing 46% of revenue, underscores the extraordinary cash generation profile of the business at scale. The headline EPS and revenue beats are almost secondary to the forward signals embedded in this call.
Report generated on Jun 4, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
Read the full AVGO analysis
The complete report, with key themes, analyst Q&A summary, notable quotes, and market context — is free with an account. No password, no card.