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Story summary
- Broadcom Inc. (AVGO) reported strong fiscal Q1 2026 results, with AI revenue up 106% year over year to $8.4 billion and total revenue up 29% to $19.31 billion.
- The company expects AI revenue to rise 76% to $14.8 billion in Q2 2026.
- Broadcom's chief executive officer projects AI chip revenue could exceed $100 billion by 2027.
- The company announced a $10 billion share repurchase program to return capital to shareholders.
