Broadcom Inc. reported unaudited financial results for the third quarter of fiscal year 2026, which ended on August 2, 2026. The company announced total net revenue of $29.6 billion for the quarter, representing an increase of 86 percent compared to the prior year period. The filing details that GAAP operating income was $16.0 billion, while non-GAAP operating income was $20.1 billion. Earnings per share were reported as $2.68 on a GAAP basis and $3.32 on a non-GAAP basis.
On the cash flow side, Broadcom generated $14.2 billion in cash from operations during the third quarter. After subtracting capital expenditures of $0.5 billion, the company reported free cash flow of $13.7 billion, which equates to 46 percent of revenue. The company’s cash and cash equivalents stood at $24.0 billion at the end of the fiscal quarter.
Regarding the semiconductor segment, Broadcom noted that custom AI accelerator and networking demand remains strong. Q3 AI semiconductor revenue was $16.7 billion, which grew 221 percent year-over-year and 54 percent quarter-over-quarter.
Broadcom also provided guidance for the fourth quarter of fiscal year 2026, which is expected to end on November 1, 2026. The company projects revenue of approximately $34.8 billion, an increase of 93 percent from the prior year period. Management expects non-GAAP operating income to be approximately 66 percent of projected revenue.
In other business developments, the Board of Directors declared a quarterly cash dividend of $0.65 per share. This dividend is payable on September 30, 2026, to stockholders of record as of the close of business on September 21, 2026.
