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Broadcom 8-K Report, Financial Results (Sep 2, 2026)

Reports
Earnings & Results·Other Events·Exhibits & Filings
Filing Date
Filed September 2, 2026
Period End
September 2, 2026
Security
AVGO
In the record · 2018–202610-K810-Q268-K124

AVGO filed 8 annual reports (10-K), 26 quarterly reports (10-Q) and 124 current reports (8-K) between 2018 and 2026.

  1. Deal closed8-K · Nov ’18Nov ’18
  2. Material agreement8-K · May ’20May ’20
  3. Leadership change8-K · Jul ’22Jul ’22
  4. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed September 2, 2026. Cited figures are marked; the original filing is the authoritative source.

Broadcom reported fiscal third-quarter 2026 results (quarter ended August 2, 2026) with record revenue, operating profit, and free cash flow.

Net revenue rose 86% year over year to $29.6 billiona, driven by semiconductor solutions, which grew 127% to $20.8 billion and made up 70% of revenue. AI semiconductor revenue reached $16.7 billion, up 221% year over year and 54% sequentially. Infrastructure software grew a more modest 29% to $8.8 billion.

GAAP operating income was $16.0 billionb (up 171%), and non-GAAP operating income was $20.1 billion (up 92%). GAAP diluted EPS was $2.68 and non-GAAP diluted EPS was $3.32, up 96% on a non-GAAP basis. Cash generation was strong.

Operating cash flow was $14.2 billionc and free cash flow was $13.7 billion, or 46% of revenue. Cash and equivalents rose to $24.0 billion from $19.6 billion in the prior quarter. Management guided fourth-quarter fiscal 2026 revenue to about $34.8 billion (up 93% year over year), with AI semiconductor revenue expected to reach $21.7 billion (up 236%).

Non-GAAP operating margin is guided to about 66%, flat with a year ago. The Board declared a quarterly dividend of $0.65d per share, payable September 30, 2026 to holders of record on September 21, 2026. The filing shows no share repurchases in the quarter, versus $8.45 billion year to date.

For investors, the central questions are durability of AI accelerator demand, customer concentration, and the gap between GAAP and non-GAAP results. Non-GAAP figures exclude roughly $2.0 billion of quarterly intangible amortization and $2.0 billion of stock-based compensation.

Total debt was about $59.4 billion at quarter end, so deleveraging is an ongoing use of cash alongside the dividend. The filing states that forward-looking statements carry material risk, including semiconductor cyclicality, customer concentration, and supply chain dependence.

02—Key points

Key Highlights

  1. Revenue of $29.6B, up 86% YoY, with semiconductor solutions up 127% to $20.8B and infrastructure software up 29% to $8.8B
  2. AI semiconductor revenue of $16.7B in Q3, up 221% YoY and 54% QoQ, with Q4 guidance of $21.7B
  3. GAAP operating income of $16.0B (+171%) and non-GAAP operating income of $20.1B (+92%)
  4. GAAP diluted EPS of $2.68 and non-GAAP diluted EPS of $3.32 (+96% YoY)
  5. Operating cash flow of $14.2B and free cash flow of $13.7B, or 46% of revenue; cash rose to $24.0B
  6. Q4 FY2026 guidance of about $34.8B revenue (+93% YoY) and roughly 66% non-GAAP operating margin
  7. Quarterly dividend of $0.65 per share (about $3.1B per quarter), payable September 30, 2026; no buybacks in Q3 after $8.45B year to date

03—Questions

Frequently Asked Questions

  1. What drove Broadcom's revenue growth this quarter?

    Semiconductor solutions revenue rose 127% to $20.8 billion, led by AI semiconductors, which reached $16.7 billion (up 221% YoY). Infrastructure software grew 29% to $8.8 billion. Semiconductors were 70% of total revenue, up from 57% a year earlier.

  2. How do GAAP and non-GAAP results differ, and why does it matter?

    Non-GAAP operating income was $20.1 billion versus $16.0 billion on a GAAP basis, a gap of about $4.1 billion. The main adjustments are about $2.0 billion of acquisition-related intangible amortization and $2.0 billion of stock-based compensation. Investors should weigh GAAP results heavily, since stock compensation is a real and recurring cost, and the company states that excluded items should not be treated as non-recurring.

  3. What is the outlook for the fourth quarter?

    Management guided Q4 FY2026 revenue to about $34.8 billion, up 93% YoY, and AI semiconductor revenue to $21.7 billion (up 236%). Non-GAAP operating margin is expected to be about 66%, flat year over year. Guidance is based on current conditions and may vary materially.

  4. Is the dividend safe, and what are the payment details?

    The Board declared a $0.65 quarterly dividend, payable September 30, 2026 to holders of record at 5:00 p.m. ET on September 21, 2026. The dividend cost about $3.1 billion in the quarter, which Q3 free cash flow of $13.7 billion covered comfortably. Dividend payments totaled $9.3 billion over the first three fiscal quarters.

  5. How strong is the balance sheet and how is cash being used?

    Cash and equivalents were $24.0 billion, and total debt was about $59.4 billion, including $2.3 billion short-term and $57.2 billion long-term. In Q3 the company repaid $5.6 billion of debt and made no share repurchases, but it bought back $8.45 billion of stock in the first three quarters. Cash is going to dividends, debt reduction, and buybacks.

04—Continue

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