By Zev Fima
Publication Date: 2026-03-05 01:54:00
Broadcom on Wednesday delivered a solid quarterly results while painting an increasingly upbeat picture around the future of its custom AI chip business. The report showed that despite fading enthusiasm for Broadcom’s stock, its most important business still has the wind at its back. Revenue in the fiscal first quarter of 2026, which ended Feb. 1, was a record of $19.31 billion, ahead of the $19.18 billion consensus forecast, according to estimates compiled by LSEG. On an annual basis, revenue rose 29%. Adjusted earnings per share (EPS) increased 28% to $2.05, also outpacing expectations of $2.03, LSEG data showed. Adjusted EBITDA grew 30% to a record $13.13 billion in the quarter, beating the FactSet consensus of $12.76 billion. A measure of operating profitability, EBTIDA is short for earnings before interest, taxes, depreciation, and amortization. AVGO 1Y mountain Broadcom’s stock over the past 12 months. Bottom line We may be just scratching the surface of what’s to come for…