$AVGO · Broadcom Inc.

Broadcom Inc. reported financial results for its third quarter of fiscal year 2026, ended August 2, 2026. Revenue was $29.6 billion, up 86 percent from the prior-year period. GAAP operating income was $16.0 billion, while non-GAAP operating income was $20.1 billion. GAAP diluted earnings per share was $2.68, and non-GAAP diluted earnings per share was $3.32. Cash from operations was $14.2 billion, and after $0.5 billion in capital expenditures, free cash flow was $13.7 billion, or 46 percent of revenue.

The company said demand for custom AI accelerators and networking remained strong. Third-quarter AI semiconductor revenue was $16.7 billion, up 221 percent year over year and 54 percent quarter over quarter. Semiconductor solutions revenue was $20.8 billion, up 127 percent, while infrastructure software revenue was $8.8 billion, up 29 percent. Broadcom ended the quarter with $24.0 billion in cash and cash equivalents, compared with $19.6 billion at the end of the prior fiscal quarter.

Broadcom also announced a quarterly cash dividend of $0.65 per share, payable on September 30, 2026 to stockholders of record on September 21, 2026. For the fourth quarter of fiscal year 2026, the company provided revenue guidance of approximately $34.8 billion, up 93 percent from the prior-year period, and non-GAAP operating income guidance of approximately 66 percent of projected revenue. It expects fourth-quarter AI semiconductor revenue to increase to $21.7 billion, up 236 percent year over year.