Broadcom’s AI chip sales jumped 106% year-over-year to $8.4 billion, driving fiscal Q2 revenue guidance to $22 billion.
Broadcom reported a 29% year-over-year revenue increase to $19.3 billion in fiscal Q1 2026, with AI revenue surging 106% to $8.4 billion. The company’s ASICs, optimized for AI inference, outperform general-purpose chips in speed and power efficiency, fueling demand.
For fiscal Q2, Broadcom guided revenue to $22 billion, implying a 47% year-over-year rise. This follows a 74% gain in the PHLX Semiconductor Sector index, which Broadcom has trailed due to valuation concerns.
The June 3 earnings release may catalyze a rebound, as investors weigh accelerating AI-driven growth against prior underperformance.