Broadcom Inc. Announces Third Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend

• Income of $29.6 billion for the third quarter, up 86 % from the prior yr interval
• GAAP working earnings of $16.0 billion for the third quarter; Non-GAAP working earnings of $20.1 billion for the third quarter
• GAAP diluted EPS of $2.68 for the third quarter; Non-GAAP diluted EPS of $3.32 for the third quarter
• Money from operations of $14.2 billion for the third quarter, much less capital expenditures of $0.5 billion, resulted in $13.7 billion of free money circulation, or 46 % of income
• Quarterly frequent inventory dividend of $0.65 per share
• Fourth quarter fiscal yr 2026 income steerage of roughly $34.8 billion, a rise of 93 % from the prior yr interval
• Fourth quarter fiscal yr 2026 Non-GAAP working earnings steerage of roughly 66 % of projected income ⁽¹⁾

PALO ALTO, Calif., Sept. 2, 2026 /PRNewswire/ — Broadcom Inc. (Nasdaq: AVGO), a worldwide know-how chief that designs, develops and provides semiconductor and infrastructure software program options, right now reported monetary outcomes for its third quarter of fiscal yr 2026, ended August 2, 2026, offered steerage for its fourth quarter of fiscal yr 2026 and introduced its quarterly dividend.

“Demand for our customized AI accelerators and networking continues to be very robust. Q3 AI semiconductor income of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter,” mentioned Hock Tan, President and CEO of Broadcom Inc. “In This autumn the momentum continues, and we count on AI semiconductor income to speed up to $21.7 billion, up 236% year-over-year.”

“Broadcom achieved document income, working revenue and free money circulation in Q3. We delivered non-GAAP working earnings progress of 92% year-over-year, as consolidated income grew 86% year-over-year to $29.6 billion,” mentioned Amie Thuener, CFO of Broadcom Inc. “This autumn consolidated income progress is forecasted to extend 93% year-over-year to $34.8 billion, and we count on to take care of our non-GAAP working margin at 66%, flat from a yr in the past.”  

Third Quarter Fiscal Yr 2026 Monetary Highlights

The Firm’s money and money equivalents on the finish of the fiscal quarter have been $24.0 billion, in comparison with $19.6 billion on the finish of the prior fiscal quarter.

In the course of the third fiscal quarter, the Firm generated $14.2 billion in money from operations and spent $0.5 billion on capital expenditures, leading to $13.7 billion of free money circulation.

On June 30, 2026, the Firm paid a money dividend of $0.65 per share, totaling $3.1 billion.

The variations between the Firm’s GAAP and non-GAAP outcomes are described usually beneath “Non-GAAP Monetary Measures” under and offered intimately within the monetary reconciliation tables hooked up to this launch.

Fourth Quarter Fiscal Yr 2026 Enterprise Outlook

Primarily based on present enterprise traits and situations, the outlook for the fourth quarter of fiscal yr 2026, ending November 1, 2026, is anticipated to be as follows:

• Fourth quarter income steerage of roughly $34.8 billion;
• Fourth quarter non-GAAP working earnings steerage of roughly 66 % of projected income.

The steerage offered above is simply an estimate of what the Firm believes is realizable as of the date of this launch. The Firm shouldn’t be readily capable of present a reconciliation of projected non-GAAP monetary measures to the related projected GAAP measures with out unreasonable effort. Precise outcomes will fluctuate from the steerage and the variations could also be materials. The Firm undertakes no intent or obligation to publicly replace or revise any of those projections, whether or not because of new data, future occasions or in any other case, besides as required by regulation.

Quarterly Dividends

The Board of Administrators of Broadcom has authorized a quarterly money dividend of $0.65 per share. The dividend is payable on September 30, 2026 to stockholders of document on the shut of enterprise (5:00 p.m. Jap Time) on September 21, 2026.

Monetary Outcomes Convention Name

Broadcom Inc. will host a convention name to assessment its monetary outcomes for the third quarter of fiscal yr 2026 and to debate the enterprise outlook right now at 2:00 p.m. Pacific Time.

To Pay attention by way of Web: The convention name could be accessed dwell on-line within the Buyers part of the Broadcom web site at https://investors.broadcom.com/.

Replay: An audio replay of the convention name could be accessed for one yr by the Buyers part of Broadcom’s web site at https://investors.broadcom.com/.

Non-GAAP Monetary Measures

The non-GAAP measures shouldn’t be thought of as an alternative choice to, or superior to, measures of monetary efficiency ready in accordance with GAAP. When doable, a reconciliation between GAAP and non-GAAP monetary knowledge is included within the supplemental monetary knowledge hooked up to this press launch. The Firm shouldn’t be readily capable of present a reconciliation of projected non-GAAP measures to the comparable GAAP measures with out unreasonable effort. Broadcom believes non-GAAP monetary data supplies extra perception into the Firm’s on-going efficiency. Due to this fact, Broadcom supplies this data to traders for a extra constant foundation of comparability and to assist them consider the outcomes of the Firm’s on-going operations and allow extra significant interval to interval comparisons.   

Along with GAAP reporting, Broadcom supplies traders with web earnings, working earnings, gross margin, working bills, money circulation and different knowledge on a non-GAAP foundation. This non-GAAP data excludes amortization of acquisition-related intangible property, stock-based compensation expense, restructuring and different fees, acquisition-related prices, together with integration prices, non-GAAP tax reconciling changes, and different changes. Administration doesn’t imagine that this stuff are reflective of the Firm’s underlying efficiency. Internally, these non-GAAP measures are vital measures utilized by administration for functions of evaluating the core working efficiency of the Firm, establishing inside budgets, calculating return on funding for improvement packages and progress initiatives, evaluating efficiency with inside forecasts and focused enterprise fashions, strategic planning, evaluating and valuing potential acquisition candidates and the way their operations examine to the Firm’s operations, and benchmarking efficiency externally towards the Firm’s rivals. The exclusion of those and different related objects from Broadcom’s non-GAAP monetary outcomes shouldn’t be interpreted as implying that this stuff are non-recurring, rare or uncommon.

Free money circulation measures have limitations as they omit sure elements of the general money circulation assertion and don’t characterize the residual money circulation obtainable for discretionary expenditures. Buyers mustn’t take into account presentation of free money circulation measures as implying that stockholders have any proper to such money. Broadcom’s free money circulation will not be calculated in a fashion corresponding to equally named measures utilized by different corporations.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a know-how chief that designs, develops, and provides semiconductors and infrastructure software program for world organizations’ complicated, mission-critical wants. Broadcom combines long-term R&D funding with excellent execution to ship the very best know-how, at scale. Broadcom is a Delaware company headquartered in Palo Alto, CA. For extra data, go to www.broadcom.com.

Cautionary Notice Relating to Ahead-Trying Statements

This announcement incorporates forward-looking statements (together with throughout the which means of Part 21E of the US Securities Trade Act of 1934, as amended, and Part 27A of the US Securities Act of 1933, as amended) regarding Broadcom. These statements embrace, however are usually not restricted to, statements that handle our anticipated future enterprise and monetary efficiency, our plans and expectations with regard to our share repurchases, and different statements recognized by phrases resembling “will,” “count on,” “imagine,” “anticipate,” “estimate,” “ought to,” “intend,” “plan,” “potential,” “predict,” “venture,” “purpose,” and related phrases, phrases or expressions. These forward-looking statements are based mostly on present expectations and beliefs of Broadcom’s administration, present data obtainable to Broadcom’s administration, and present market traits and market situations and contain dangers and uncertainties which will trigger precise outcomes to vary materially from these contained in these forward-looking statements. Accordingly, undue reliance shouldn’t be positioned on such statements.

Explicit uncertainties that might materially have an effect on future outcomes embrace dangers related to: world financial situations and uncertainty; authorities laws, commerce restrictions and commerce tensions; world political and financial situations referring to our worldwide operations; cyclicality within the semiconductor {industry} present process profound change as a result of AI; any lack of our vital prospects and fluctuations within the timing and quantity of great buyer demand; the gradual or unsuccessful return on our analysis and improvement investments, enlargement of our enterprise technique or adoption of recent enterprise fashions; our dependence on contract manufacturing and outsourced provide chain; our dependency on a restricted variety of suppliers; our capacity to proceed successful enterprise within the semiconductor options {industry}; our capacity to precisely estimate prospects’ demand and alter our manufacturing and provide chain accordingly; dependence on senior administration and our capacity to draw and retain certified personnel; our capacity to take care of or enhance gross margin; our capacity to guard towards cybersecurity threats and a breach of safety programs; extended disruptions of our, our prospects’ or our suppliers’ amenities or different vital operations; our capacity to take care of applicable manufacturing capability and high quality; dependence on and dangers related to distributors and different channel companions of our merchandise; capacity of our software program portfolio to handle and safe IT infrastructures and environments; demand for our knowledge middle virtualization merchandise and buyer acceptance of our software program, providers and enterprise technique; competitiveness of our software program options and compatibility of our software program with working environments, platforms or third-party merchandise; our capacity to enter into passable software program license agreements; use of open supply software program in our software program and providers; gross sales to authorities prospects; our capacity to handle our software program options and providers lifecycles; our aggressive efficiency; quarterly and annual fluctuations in working outcomes; any acquisitions or inclinations we might make, resembling delays, challenges and bills related to receiving governmental and regulatory approvals and satisfying different closing situations, and with integrating acquired companies with our current companies and our capacity to realize the advantages, progress prospects and synergies anticipated by such acquisitions; involvement in authorized proceedings; our capacity to guard our mental property and the unpredictability of any related litigation bills; any bills or reputational harm related to resolving buyer product guarantee and indemnification claims, or different undetected defects or bugs; our compliance with privateness and knowledge safety legal guidelines; company duty issues; our provision for earnings taxes and general money tax prices; our capacity to take care of tax concessions in sure jurisdictions; potential tax liabilities because of buying VMware; our vital indebtedness and the necessity to generate enough money flows to service and repay such debt; the quantity and frequency of our share repurchase program; and different occasions and traits on a nationwide, regional, industry-specific and world scale, together with these of a political, financial, enterprise, aggressive and regulatory nature.

Our filings with the SEC, which can be found with out cost on the SEC’s web site at https://www.sec.gov, focus on a number of the vital threat elements which will have an effect on our enterprise, outcomes of operations and monetary situation. Precise outcomes might fluctuate from the estimates offered. We undertake no intent or obligation to publicly replace or revise any of the estimates and different forward-looking statements made on this announcement, whether or not because of new data, future occasions or in any other case, besides as required by regulation.

Contact:
Ji YooBroadcom Inc.
Investor Relations
650-427-6000
investor.relations@broadcom.com

(AVGO-Q)

View unique content material:https://www.prnewswire.com/news-releases/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial-results-and-quarterly-dividend-302868129.html

SOURCE Broadcom Inc.