Broadcom stock rises on AI revenue growth and strong margins.

Broadcom stock is supported by AI demand, with revenue, margins, and cash generation giving investors a dated snapshot of operating strength.

Broadcom (US11135F1012) stock is backed by a recent operating profile that combines AI demand, high margins, and strong cash generation. The company reported fiscal Q2 2026 revenue of $15.0 billion, up 20% year over year, with adjusted EBITDA of $10.0 billion and free cash flow of $6.4 billion, according to its investor relations materials.

Revenue up 20%

Broadcom said fiscal Q2 2026 revenue reached $15.0 billion, compared with $12.5 billion a year earlier, a 20% increase that keeps the company among the largest AI infrastructure suppliers by sales scale. Adjusted EBITDA of $10.0 billion represented about 66.7% of revenue, while free cash flow of $6.4 billion underscored how much of that top line is converting into cash.

The company also reported that AI-related semiconductor revenue reached $4.4 billion in fiscal Q2 2026, up 46% year over year. That figure matters because it shows the mix shift inside Broadcom’s chip business rather than relying only on total-company growth.

Cash flow stays large

Broadcom’s fiscal Q2 2026 free cash flow of $6.4 billion compared with revenue of $15.0 billion implies cash conversion near 43%. For investors, that ratio is a useful check on how durable the earnings base looks when growth is being driven by large infrastructure orders and recurring software revenue.

The same quarter showed adjusted EBITDA of $10.0 billion, which was 66.7% of revenue and highlights the company’s operating leverage. That margin profile is one reason Broadcom continues to screen as a large-cap semiconductor and software compounder rather than a pure cyclical chip supplier.

AI revenue at $4.4 billion

Broadcom said AI-related semiconductor revenue reached $4.4 billion in fiscal Q2 2026, up from roughly $3.0 billion a year earlier. The 46% increase is the clearest single growth marker in the quarter and gives the stock a fundamental anchor beyond headline market enthusiasm.

That is also why the product mix matters. Broadcom is not only selling custom chips and networking silicon, but also benefiting from software scale that helps stabilize overall profitability when hardware demand normalizes.

Product mix and scale

Within the latest quarter, Broadcom continued to lean on its infrastructure and software mix, which supports the companys ability to generate $10.0 billion of adjusted EBITDA on $15.0 billion of revenue. The numbers point to a business model that remains highly cash generative even as capital spending by hyperscale customers shapes the pace of AI-related orders.

That scale matters for market perception too. A quarter with 20% revenue growth, 46% AI-segment growth, and $6.4 billion of free cash flow gives Broadcom a profile that is easier for large-cap investors to benchmark than a typical single-product chip maker.

Shares and valuation context

Without a current market quote in the available source set, Broadcom stock is best read through the latest operating numbers rather than a live price. The companys fiscal Q2 2026 results still provide a dated reference point: $15.0 billion revenue, $10.0 billion adjusted EBITDA, and $6.4 billion free cash flow.

For readers tracking the shares, the key question is whether the 20% revenue growth and 46% AI-semiconductor growth can keep feeding the same cash generation profile in the next quarter.

Broadcom semiconductor and software revenue

Broadcoms semiconductor and software exposure makes the company a direct proxy for AI infrastructure spending and enterprise software durability. The latest quarter showed that the mix can still support high cash output while AI demand remains a central growth engine.

Broadcom stock closes on fundamentals

Broadcom stock is quoted on NASDAQ under AVGO, and the latest body of evidence points to a company that generated $15.0 billion of revenue in fiscal Q2 2026, $10.0 billion of adjusted EBITDA, and $6.4 billion of free cash flow. Those three numbers, together with $4.4 billion of AI-related semiconductor revenue, are the core metrics that define the current investment debate.

Broadcom stock fact box

• Company: Broadcom Inc.
• ISIN: US11135F1012
• Ticker: NASDAQ: AVGO
• Trading venue: NASDAQ
• Sector / Industry: Information Technology / Semiconductors
• Index membership: S&P 500