Broadcom Q1 Earnings Beat Estimates, Revenues Up Y/Y, Shares Rise

Key Takeaways Broadcom reported Q1 FY26 non-GAAP EPS of $2.05, beating estimates as revenues rose 29.5% YoY to $19.31B. AVGO semiconductor revenues jumped 52% YoY to $12.52B, driven by a 106% surge in AI-related revenue.Broadcom expects fiscal Q2 revenues of $22B, with AI revenues projected to soar 140% YoY to $10.7B. Broadcom (AVGO) reported first-quarter fiscal 2026 non-GAAP earnings of $2.05 per share, beating the Zacks Consensus Estimate by 0.99% and jumping 28.1% year over year.Revenues rallied 29.5% y ...