Broadcom Inc. (AVGO) Earnings Call Summary — July 2026 quarter
Broadcom designs chips for networking, phones and AI data centers, and owns big software businesses like VMware.
Broadcom Inc. (AVGO) reported its July 2026 quarter results on September 2, 2026. Earnings per share came in at $3.03 against a $3.22 consensus, so the company missed on the bottom line. Revenue of $29.59B landed above the $29.24B estimate. AVGO has beaten consensus EPS in 7 of its last 8 scored quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
President and CEO: “We delivered an exceptional quarter with revenue, operating income and free cash flow all exceeding prior records.”
Chief Financial Officer: “Consolidated revenue was a record $29.6 billion for the quarter, up 86% year-over-year.”
Analyst, Morgan Stanley: “You talked about the business doubling next year, and you said demand could be higher than that.”
President and CEO: “That's always very much in our mind when we give you that outlook.”
Analyst, Jefferies: “Can you just talk about from either a substrate or interposer perspective, has any XPU decided to use your Singapore capacity?”
What moved the stock
Highlights from AVGO's Sep 2 report: EPS of $3.03 — a miss vs the $3.22 estimate (-6%); revenue of $29.59B — in line with the $29.24B consensus. Focus now shifts to AI networking chip orders and VMware software growth.