By Danny Vena, CPA
Publication Date: 2026-06-03 21:47:00
As one of the primary beneficiaries of the adoption of artificial intelligence (AI), Broadcom (AVGO 0.55%) has become something of a bellwether in the industry. As such, all eyes were on the company on Wednesday afternoon as investors sought clarity on the state of AI adoption.
The bar was set high heading into the company’s quarterly financial report, and shareholders were looking on with interest. Broadcom’s results offered keen insight into the trajectory of the industry, providing convincing evidence that the proliferation of AI is continuing at a rapid pace.
Image source: The Motley Fool.
AI momentum is growing
Broadcom delivered the results of its fiscal 2026 second quarter (ended May 3), and they were impressive. Record revenue of $22.2 billion climbed 48% year over year — accelerating from 29% growth in Q1 — fueling adjusted earnings per share (EPS) of $2.44, which jumped 54%.
For context, analysts’ consensus estimates called for revenue of $22.12 billion and adjusted…
