By Geoffrey Seiler, The Motley Fool
Publication Date: 2026-03-07 22:06:00
Broadcom (NASDAQ: AVGO) once again reported strong artificial intelligence (AI) revenue growth when it released its fiscal 2026 Q1 results this week. While the stock got a lift from the news, shares are still down year to date, as of this writing.
Let’s take a closer look at Broadcom’s results and prospects to see if the semiconductor stock is a buy.
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Broadcom continues to see strength in both its networking and custom AI chip businesses, as its total AI revenue climbed 106% year over year in fiscal Q1 to $8.4 billion, above its expectations. Its custom AI ASIC (application-specific integrated circuit) business saw revenue surge by 140%, while AI networking revenue climbed 60%. It expects its networking revenue growth…
