Quick Read – Broadcom (AVGO) posted Q1 FY2026 revenue of $19.3B, up 29.47% year-over-year, with AI semiconductor revenue surging 106% to $8.4B driven by custom AI accelerators and networking, while CEO Hock Tan guided Q2 AI revenue to $10.7B. – Microsoft (MSFT) reported Q3…
2026 revenue of $82.9B, up 18.3%, with Azure cloud services growing 40% and AI run rate hitting $37B, up 123%, while spending $30.9B in capital investments during the quarter. – Broadcom profits from infrastructure buildout by selling custom chips and switches to hyperscalers, while Microsoft monetizes the same capex wave through cloud platform services and AI products, but Broadcom’s concentrated customer base contrasts with Microsoft’s diversified enterprise revenue and presold $627B backlog. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Broadcom wasn’t one of them. Get them here FREE
Broadcom (NASDAQ:AVGO) and Microsoft (NASDAQ:MSFT) both delivered AI-fueled quarters revealing two different playbooks. Broadcom sells custom silicon and switches for hyperscaler data centers. Microsoft sells cloud, copilots, and the productivity layer on top.
Comparing them shows how the AI buildout splits between picks-and-shovels suppliers and full-stack platform owners. Custom Silicon Surges While Azure Carries Microsoft Broadcom’s Q1 FY2026 earnings report landed on March 4, 2026, with revenue of $19.311 billion, up 29.47% year over year. AI semiconductor revenue hit $8.40 billion, growing 106%.