Broadcom Inc. (AVGO) Announced Q2 2026 Earnings on June 3, 2026, Reporting "total revenue reached a record $22.2 billion"

In Q2 2026, Broadcom reported total revenue reached a record $22.2 billion, up 48 percent year-on-year. Q2 operating margin was a record 67 percent, and adjusted EBITDA was 69 percent of revenue, or $15.2 billion.Free cash flow in the quarter was a record $10.3 billion, representing 46 percent of revenue.The Semiconductor Solutions segment generated a record $15 billion in Q2 revenue, driven by AI semiconductor revenue at a record $10.8 billion.Infrastructure software revenue in Q2 was $7.2 billion.During the quarter, management noted bookings for AI semiconductors were over $30 billion.Broadcom detailed several long-term customer agreements, including an April announcement with Google to develop and supply multiple generations of TPUs and AI networking.For Anthropic, Broadcom entered an agreement to enable access to another 5 gigawatts of next-generation TPU-based compute beginning in 2027.With Meta, the company announced a partnership to deliver multiple generations of MTIA XPUs. Additionally, Broadcom is creating the AI XPU platform with Apollo and Blackstone to deploy more than 20 gigawatts of compute capacity through 2028. In software, the company released VMware Cloud Foundation 9.1 to support enterprise AI inferencing workloads.For Q3 2026, Broadcom issued guidance for consolidated revenue of $29.4 billion, up 84 percent year-on-year. Q3 semiconductor revenue is forecast at approximately $20.5 billion, with Q3 AI semiconductor revenue expected to be $16 billion. Q3 infrastructure software revenue is expected to be approximately $8.9 billion, and Q3 operating margin is expected to be 67 percent.For the full year 2026, management expects to achieve AI semiconductor revenue of $56 billion.Looking ahead, Broadcom reiterated their AI semiconductor revenue guidance to be in excess of $100 billion for fiscal year 2027.