Broadcom's first fiscal quarter 2026 earnings exceeded expectations.

After the market closed on March 4th, US time, Broadcom released its financial report for the first fiscal quarter of 2026, reporting revenue of $19.311 billion, a 29% year-over-year increase, and net income of $7.349 billion, with earnings per share of $1.50, exceeding market expectations. Broadcom projects second-quarter revenue of approximately $22 billion, far exceeding market expectations, and also projects an adjusted profit margin of 68%, higher than the market consensus. Broadcom CEO Hock Tan stated that the company has a clear roadmap and expects to achieve its goal of exceeding $100 billion in revenue from its core chip business by 2027.