Broadcom Inc. (AVGO) Earnings Call Summary — Q2 FY26
Broadcom designs chips for networking, phones and AI data centers, and owns big software businesses like VMware.
Broadcom Inc. (AVGO) reported Q2 FY26 results on June 3, 2026. Earnings per share came in at $2.44 against a $2.40 consensus, so the company beat on the bottom line. Revenue of $22.19B landed above the $22.13B estimate. AVGO has beaten consensus EPS in 8 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Chief Financial Officer: “Consolidated revenue was a record $16 billion for the quarter, up 22% from a year ago.”
President and CEO: “The board and I have agreed that I will continue as the CEO of Broadcom through 2030 at least.”
Analyst: “Is it just the impressive prospect moving to a customer definition, so that $10 billion backlog that you mentioned?”
President and CEO: “But to a large extent, it's the fourth quarter customer that we now add on to our roster, which we will ship pretty strongly in 2026, I should say.”
Analyst: “If I look at your guidance for Q4, it looks like the non-AI streaming business is going to be down about 78% year over year on fiscal twenty five if you hit the midpoint of the Q4 guidance.”