Broadcom clears fresh revenue mark, shares trade near record NASDAQ levels

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-29, 07:24.

Broadcom Inc. (US11135F1012) reported strong fiscal Q2 2026 results earlier this month, underscoring its position as a key supplier to hyperscale cloud and AI data centers. The stock trades on NASDAQ, where shares remain close to record levels according to recent market data. Broadcom investor relations detail the latest quarterly figures

Broadcom revenue hits a new high

For its fiscal second quarter ended in May 2026, Broadcom Inc. reported revenue of around 13 billion US dollars, setting a new quarterly record for the company as noted in its latest earnings release. Management highlighted double-digit growth driven by demand from cloud and AI customers. A Reuters market report described the quarter as strong on AI chip demand

The company broke out particularly robust performance in its semiconductor solutions segment, where networking and custom ASIC products for large cloud providers delivered the bulk of growth. This focus on AI and data center infrastructure positions Broadcom alongside peers such as Nvidia and Marvell Technology in the race to supply chips for training and inference workloads.

Profitability remains robust in AI cycle

Broadcom reported adjusted EBITDA margins above 60 percent in the latest quarter, a level that analysts see as evidence of a disciplined pricing and cost structure. The company continues to generate substantial free cash flow, giving it room to fund R&D in next-generation networking, accelerators and custom silicon. Morgan Stanley analysts recently reviewed Broadcom's margin profile

On NASDAQ, Broadcom shares have been trading in a range close to all-time highs, reflecting investor confidence that AI data center demand will stay elevated. The company's exposure to long-term customer contracts with major cloud operators, combined with its diversified product portfolio, offers some resilience against short-term volatility in consumer electronics or traditional PC markets.

What Broadcom sells in networking

Broadcom's core business revolves around designing and supplying semiconductor solutions for networking, broadband and storage, with a growing emphasis on data center connectivity and custom chips. Key products include Ethernet switch chips, PCIe controllers and application-specific integrated circuits tailored for hyperscale operators.

Where Broadcom stock trades today

Broadcom shares currently trade on NASDAQ under the ticker AVGO, with the most recent price data showing the stock near its all-time high in US dollars as of late June 2026.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.