Broadcom's AI Revenue Doubles as Chip Giant Smashes Q1 Estimates
Broadcom posts $19.31B in Q1 revenue with AI sales surging 106%, then drops a $10B buyback bomb.
Broadcom just flexed hard. The chipmaker posted Q1 revenue of $19.31 billion, up 29% year-over-year and edging past Wall Street's $19.18 billion estimate. Earnings also beat expectations.
The real headline? AI revenue hit $8.4 billion — a staggering 106% jump. That's nearly half the company's total revenue now flowing from artificial intelligence demand.
Not done there, Broadcom also announced a $10 billion share buyback program, signaling serious confidence in its trajectory.
The company issued a strong forecast for the current quarter, riding the continued AI infrastructure buildout that keeps funneling cash into chipmakers. Broadcom sits at a critical intersection of custom AI silicon and networking, making it one of the biggest beneficiaries as hyperscalers keep spending billions on AI capacity.
The AI boom isn't slowing down. Broadcom's numbers prove it.