Broadcom Delivers 29% Q1 Growth, Launches $10B Buyback and Guides $22B Q2
Broadcom reported adjusted EPS of $2.05 and revenue of $19.31 billion, representing 29% year-over-year growth. The company ended Q1 with $14.17 billion in cash, authorized a $10 billion buyback and set Q2 revenue guidance of $22.00 billion versus $20.67 billion estimates.
1. Strong Q1 Financial Performance
Broadcom reported adjusted earnings per share of $2.05, beating the estimate of $2.02, while revenue reached $19.31 billion, up 29% year-over-year.
2. Accelerating AI Revenue
AI segment revenue climbed to $8.4 billion, a 106% increase year-over-year, driven by custom AI accelerators and networking solutions, with AI semiconductor sales forecast at $10.7 billion for Q2.
3. Capital Return and Outlook
The company closed Q1 with $14.17 billion in cash and authorized a $10 billion share repurchase program through December 2026; second-quarter revenue guidance of $22.00 billion surpasses the prior estimate of $20.67 billion.