Key facts
- BNP Paribas Exane raised Broadcom's stock price target to $640.
- Broadcom declared a dividend of $0.65 per share.
- Broadcom reported Q2 FY2026 revenue of $22,187 million, up 48% year-over-year.
- Q2 FY2026 GAAP net income was $9,310 million.
- Q2 FY2026 non-GAAP net income was $12,074 million.
Broadcom Inc. announced its second quarter fiscal year 2026 financial results, reporting revenue of $22,187 million, a significant 48 percent increase compared to the prior year period. The company also declared a quarterly dividend of $0.65 per share. For the second quarter, Broadcom posted GAAP net income of $9,310 million and non-GAAP net income of $12,074 million. Adjusted EBITDA for the quarter was $15,244 million, representing 69 percent of revenue. In a separate development, BNP Paribas Exane has raised its stock price target for Broadcom to $640, indicating a positive outlook on the company's stock performance.