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Broadcom Inc. (AVGO) Q1 2026 Earnings Call Transcript

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Broadcom reported record Q1 2026 revenue of $12.8 billion, up 14% YoY, driven by AI and semiconductor demand, with net income rising 20% to $5.3 billion. CEO Hock Tan highlighted AI infrastructure as the primary growth driver, with custom AI accelerators and networking chips seeing 40%+ YoY sales increases, outpacing broader semiconductor trends. CFO Kirsten Spears projected Q2 2026 revenue of $13.5 billion (±$300M), citing sustained AI data center investments and enterprise software growth, particularly in VMware integrations. Semiconductor Solutions President Charlie Kawwas noted a 30% surge in AI-related orders, with backlog extending into 2027 due to constrained foundry capacity for advanced nodes. Analysts pressed leadership on supply chain risks, but executives emphasized long-term contracts with hyperscalers and diversified fabrication partnerships to mitigate potential disruptions.
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Broadcom Inc. (AVGO) Q1 2026 Earnings Call Transcript

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SA Transcripts158.81K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Broadcom Inc. (AVGO) Q1 2026 Earnings Call March 4, 2026 5:00 PM EST Company Participants Ji Yoo - Director of Investor RelationsHock Tan - President, CEO & Executive DirectorKirsten Spears - CFO & Chief Accounting OfficerCharlie Kawwas - President of Semiconductor Solutions Conference Call Participants Blayne Curtis - Jefferies LLC, Research DivisionHarlan Sur - JPMorgan Chase & Co, Research DivisionRoss Seymore - Deutsche Bank AG, Research DivisionChristopher Muse - Cantor Fitzgerald & Co., Research DivisionTimothy Arcuri - UBS Investment Bank, Research DivisionStacy Rasgon - Bernstein Institutional Services LLC, Research DivisionBenjamin Reitzes - Melius Research LLCVivek Arya - BofA Securities, Research DivisionThomas O'Malley - Barclays Bank PLC, Research DivisionJames Schneider - Goldman Sachs Group, Inc., Research DivisionJoshua Buchalter - TD Cowen, Research Division Presentation Operator Welcome to Broadcom Inc.'s First Quarter Fiscal Year 2026 Financial Results Conference Call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, Head of Investor Relations of Broadcom Inc. Ji YooDirector of Investor Relations Thank you, operator, and good afternoon, everyone. Joining me on today's call are Hock Tan, President and CEO; Kirsten Spears, Chief Financial Officer; Charlie Kawwas, President, Semiconductor Solutions Group; and Ram Velaga, President, Infrastructure Software Group. Broadcom distributed a press release and financial tables after the market closed, describing our financial performance for the first quarter fiscal year 2026. If you did not receive a copy, you may obtain the information from the Investors section of Broadcom's website at broadcom.com. This conference call is being webcast live, and an audio replay of the call can be accessed for 1 year through the Investors section of Broadcom's website. During the prepared comments, Hock and Kirsten will be providing details of our first quarter fiscal year 2026 results, guidance for our second quarter

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Source: Seeking Alpha