Filing Flows › Broadcom (AVGO) › Q2 FY26
Broadcom (AVGO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 9, 2026
Broadcom (AVGO) reported revenue of $22.2B for the second quarter fiscal 2026 (Q2 FY26), +48% from a year earlier and +15% from the quarter before. Operating margin was 48.6%, net earnings $9.3B (42.0% of revenue).
Broadcom, Q2 FY26: revenue $22.2B (+48% year over year), operating margin 48.6%, net earnings $9.3B, operating cash flow $10.5B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.2B | +15% | +48% |
| Gross profit | $15.4B | +17% | +51% |
| Operating profit | $10.8B | +26% | +85% |
| Net earnings | $9.3B | +27% | +88% |
| Operating cash flow | $10.5B | +27% | +60% |
| Free cash flow | $10.3B | +28% | +60% |
What changed
Revenue was $22.2B in Q2 FY26, up 48% year over year and up 15% from the previous quarter. Products was the largest line at 76% of revenue. Products added $6.6B year over year (up 64%), 92% of the total change.
Gross margin was 69.5%, up 1.5 points from Q2 FY25. Operating profit was $10.8B, a 48.6% margin (up 9.8 points year over year). Of the extra revenue versus Q2 FY25, 69% reached operating profit, above the 39% margin then. Operating expenses grew 6% against revenue growth of 48%. The fastest-growing cost line was Research & development (+11%). Net earnings were $9.3B, up 88% year over year. The effective tax rate was 8.1%.
Operating cash flow was $10.5B (up 60% year over year), 113% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization and $2.1B of share-based compensation. Working capital and other items used $3.0B. Capital expenditures of $0.23B left free cash flow of $10.3B.
Questions
What was Broadcom's revenue in the second quarter fiscal 2026?
Broadcom (AVGO) reported revenue of $22.2B for the second quarter fiscal 2026 (Q2 FY26), +48% from a year earlier and +15% from the quarter before.
Was Broadcom profitable in the second quarter fiscal 2026?
Operating profit was $10.8B (48.6% of revenue) and net earnings $9.3B.
Source: Broadcom 10-Q on SEC EDGAR.