Get ready for an exciting financial journey with Broadcom Inc.! We're thrilled to share our first-quarter results for fiscal year 2026, and it's a record-breaking performance!
Our revenue soared to an impressive $19,311 million, a massive 29% increase from the previous year. And that's not all - our GAAP net income reached $7,349 million, while our non-GAAP net income hit an even higher $10,185 million. Adjusted EBITDA came in at a robust $13,128 million, accounting for a significant 68% of our revenue.
But here's where it gets even more impressive: our AI semiconductor solutions are leading the charge. Q1 AI revenue reached a whopping $8.4 billion, a remarkable 106% year-over-year growth! This success is driven by the high demand for our custom AI accelerators and AI networking solutions.
And the growth story continues. For the second quarter of fiscal year 2026, we're projecting revenue of approximately $22.0 billion, an incredible 47% increase from the previous year. Our adjusted EBITDA guidance is set at approximately 68% of projected revenue.
To top it off, we're committed to returning excess cash to our shareholders. In the first quarter, we returned a substantial $10.9 billion through cash dividends and stock repurchases.
But wait, there's more! We're excited to announce a new $10 billion share repurchase program, which will allow us to continue rewarding our shareholders. The program will run through December 31, 2026, and repurchases can be made through various methods, including open market or privately negotiated purchases.
And this is the part most people miss: our financial results conference call! Join us today at 2:00 p.m. Pacific Time to dive deeper into our performance and discuss our business outlook. You can access the call live online in the Investors section of our website.
At Broadcom Inc., we believe in transparency and providing valuable insights to our investors. That's why we've included detailed financial highlights, including GAAP and non-GAAP data, in this announcement. We want to ensure you have all the information you need to understand our performance and make informed decisions.
So, what do you think? Are you as excited as we are about Broadcom's financial performance and future prospects? We'd love to hear your thoughts and opinions in the comments below. Let's spark a conversation and explore the potential together!
