Broadcom has unveiled its financial performance for the inaugural quarter of the fiscal year 2026, revealing a net revenue of $19.311 billion, which signifies a notable 29% increase year-over-year. Concurrently, the adjusted net profit soared to $10.185 billion, reflecting a 30% rise from the previous year. Furthermore, the board of directors has greenlit a share repurchase initiative valued at up to $10 billion. Looking ahead, Broadcom anticipates its revenue for the second fiscal quarter to hover around the $22 billion mark.
