Broadcom reports record Q2 2026 revenue of $22.2 billion, up 48% year on year, driven by AI semiconductor sales of $10.8 billion, up 143% year on year.

Broadcom Inc (NASDAQ:AVGO) posted Q2 2026 total revenue of $22.2 billion, up 48% year on year. AI semiconductor revenue reached $10.8 billion, up 143% year on year, while semiconductor revenue overall was $15 billion, up 79% year on year. Operating margin hit a record 67%.

The company has secured long-term agreements with major tech companies including Google, Anthropic, and OpenAI. Q3 2026 guidance projects total revenue of $29.4 billion, up 84% year on year, with AI semiconductor revenue guidance of $16 billion, up over 200% year on year.

Gross margin declined by 230 basis points year on year to 77.1% of revenue, attributed to the increasing proportion of semiconductor products in the mix. Q3 gross margin is expected to be approximately 74%. A significant backlog exists: $30 billion in AI semiconductor bookings against $10.8 billion shipped in Q2.