Broadcom Reports Record $19.3B Q1 Revenue, Returns $10.9B to Investors
Broadcom delivered record fiscal Q1 revenue of $19.3 billion and EBITDA of $13.1 billion at a 68% margin, returning $10.9 billion to shareholders. Dividends rose from $0.18 to $2.60 per share, totaling over $12 billion annually, and free cash flow is projected to rise from $49 billion to $127 billion by 2030.
1. Q1 Financial Performance
Broadcom’s fiscal first quarter saw revenue climb 29% year-over-year to a record $19.3 billion, while adjusted EBITDA reached $13.1 billion, delivering a 68% margin that underscores strong operational leverage in both semiconductors and infrastructure software.
2. Extensive Shareholder Returns
In Q1, Broadcom returned $10.9 billion to investors, comprising $3.1 billion in cash dividends and $7.8 billion in share repurchases, marking one of the largest quarterly distributions in the company’s history and reflecting ample free cash flow.
3. Dividend Growth and Cash Flow Outlook
Annual dividends have expanded from $0.18 per share in 2016 to $2.60 in 2026—over $12 billion annualized—with a 25% payout ratio. Free cash flow is forecast to grow from $49 billion in fiscal 2026 to $127 billion by 2030, supporting further dividend increases and buybacks.