Broadcom Q1 Revenue Jumps 29% to $19.3B; Q2 AI Sales Seen at $10.7B
Broadcom’s Q1 revenue rose 29% year-over-year to $19.3 billion, surpassing forecasts, while adjusted EBITDA climbed 30% to $13.1 billion. The company forecasts AI semiconductor revenue of $10.7 billion for Q2, driven by strong demand for custom AI accelerators and AI networking solutions.
1. Q1 Financial Highlights
Broadcom reported first-quarter revenue of $19.3 billion, up 29% year-over-year and exceeding the $19.18 billion estimate. Adjusted EBITDA rose 30% to $13.1 billion, reflecting strong operational leverage and cost management.
2. AI Business Strength
Growth was driven by robust demand for custom AI accelerators and AI networking solutions, marking an acceleration in Broadcom’s AI segment performance. The company highlighted continued momentum in data center and cloud infrastructure applications.
3. Q2 AI Revenue Outlook
Management projects AI semiconductor revenue of $10.7 billion for the second quarter, signaling confidence in sustained enterprise investment in AI technologies. This guidance underscores the AI segment’s growing contribution to Broadcom’s overall revenue mix.