Broadcom Reports Q3 FY2026 Results: Revenue Surges 86% YoY to $29.6B, Guides Strong Q4

Executive Summary

Broadcom Inc. ($AVGO) filed an 8-K announcing financial results for the third quarter of fiscal year 2026 ended August 2, 2026, alongside Q4 FY2026 guidance and a quarterly dividend declaration.

Key Financial Highlights (Q3 FY2026)

• Net Revenue: $29.591 billion, up 86% YoY compared to $15.952 billion in Q3 FY2025.
• Semiconductor Solutions Revenue: $20.839 billion (70% of total revenue), up 127% YoY.
  • AI Semiconductor Revenue: $16.7 billion (+221% YoY, +54% QoQ).
• Infrastructure Software Revenue: $8.752 billion (30% of total revenue), up 29% YoY.
• Operating Income:
  • GAAP Operating Income: $15.955 billion (+171% YoY)
  • Non-GAAP Operating Income: $20.095 billion (+92% YoY, ~68% margin)
• Net Income & EPS:
  • GAAP Net Income: $13.088 billion; GAAP Diluted EPS: $2.68
  • Non-GAAP Net Income: $16.372 billion; Non-GAAP Diluted EPS: $3.32
• Cash Flow: Cash from operations was $14.197 billion; CapEx of $532 million resulted in free cash flow of $13.665 billion (46% of revenue). Cash and cash equivalents stood at $24.0 billion.

Guidance & Capital Return

• Q4 FY2026 Guidance: Revenue projected at ~$34.8 billion (+93% YoY), driven by AI semiconductor revenue projected to accelerate to $21.7 billion (+236% YoY). Non-GAAP operating margin is targeted at ~66%.
• Quarterly Dividend: The Board declared a regular quarterly cash dividend of $0.65 per share, payable September 30, 2026, to stockholders of record as of September 21, 2026.