en.Wedoany.com Reported - Broadcom reported a record Q2 FY2026 revenue of $22.2 billion, up 48% year-over-year, driven by accelerating demand for AI infrastructure. The company's semiconductor revenue reached $15 billion, up 79% year-over-year, while infrastructure software revenue grew 9% to $7.2 billion. GAAP net profit reached $9.3 billion, up 88%, and non-GAAP net profit increased 55% to $12.1 billion.

AI remains the primary growth driver. Broadcom stated that AI semiconductor revenue for the quarter was $10.8 billion, up 143% year-over-year, exceeding previous expectations. CEO Hock Tan said demand for custom AI accelerators and AI networking products continues to accelerate. Broadcom now expects AI semiconductor revenue for the third fiscal quarter to reach approximately $16 billion, representing over 200% growth compared to the same period last year.

The company generated $10.5 billion in operating cash flow and $10.3 billion in free cash flow for the quarter, up 60% year-over-year. Broadcom held $19.6 billion in cash and equivalents at quarter-end and issued Q3 FY2026 revenue guidance of approximately $29.4 billion, up 84% year-over-year. The company also maintained its non-GAAP operating margin forecast of approximately 67% and adjusted EBITDA margin of approximately 68%; actual adjusted EBITDA for the quarter was $15.2 billion, with a margin of 69%.

"Broadcom achieved record revenue, operating profit, and free cash flow in the second quarter, driven by accelerating AI semiconductor revenue and strong operating leverage. Second-quarter AI semiconductor revenue reached $10.8 billion, up 143% year-over-year, exceeding our expectations, driven by growing demand for custom AI accelerators and AI networking," said Hock Tan, President and CEO of Broadcom.

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