Guidance for the next quarter riding along with the results — past record and future forecast in one document
Broadcom results for the second quarter of fiscal 2026. Revenue was \$22,187 million, up 48 percent; GAAP net income \$9,310 million and non-GAAP net income \$12,074 million. The same release carries third quarter revenue guidance of approximately \$29.4 billion, an increase of 84 percent.
Filing key facts
- CompanyBroadcom Inc. (AVGO)
- FormCurrent report (8-K)
- ExchangeNasdaq
- Industry (SIC)Semiconductors & Related Devices
- Filing date2026-06-03
- Period2026-06-03
- 8-K events2.02 Results of operations and financial condition, 8.01 Other material events, 9.01 Financial statements and exhibits
- Accession no.0001730168-26-000051
Key points
- Broadcom second quarter fiscal 2026 results, with revenue of \$22,187 million, up 48 percent from the prior year period.
- GAAP net income was \$9,310 million and non-GAAP net income \$12,074 million.
- The same release carries third quarter revenue guidance of approximately \$29.4 billion, an increase of 84 percent.
- Free cash flow was \$10,262 million, being cash from operations of \$10,493 million less capital expenditures of \$231 million.
- Including forward-looking guidance is left to the company; Item 2.02 does not require it.
1Record and forecast in one place
A results release may carry not only the quarter that closed but guidance for the quarter ahead. Information of two different natures — a record of the past and a forecast of the future — then sits in one document.
Against 48 percent growth actually recorded, the guidance assumes 84 percent — an acceleration built into the forecast. Guidance remains the company projection, not established fact, and has to be read as something categorically different from the reported figures.
2Guidance is not required
What Item 2.02 calls for is disclosure of results of operations and financial condition for the period that closed. Whether to include forward-looking guidance is left to the company, and where it is included a cautionary note on forward-looking statements customarily accompanies it. That many companies volunteer guidance suggests a judgment that the uncertainty created by withholding it would be greater.
3Several measures of profit
| Measure | Second quarter | As a share of revenue |
|---|---|---|
| Revenue | $22,187 million | — |
| GAAP net income | $9,310 million | — |
| Non-GAAP net income | $12,074 million | — |
| Adjusted EBITDA | $15,244 million | 69 percent |
| Free cash flow | $10,262 million | 46 percent |
One quarter is described through GAAP net income, non-GAAP net income, adjusted EBITDA and free cash flow. EBITDA is earnings before interest, taxes, depreciation and amortization, used where capital investment is heavy. Free cash flow is cash from operations less capital expenditure — here $10,493 million less $231 million. Several measures exist because different aspects of a business call for different yardsticks.
Why it matters
Because actual results and guidance appear in one document, the two must be read apart. Guidance is a company projection and categorically different from the established figures beside it.
FAQ
Is guidance required?
Why are there several measures of profit?
Sources (primary)
This article is an independent organization based on the U.S. SEC official disclosures below. Always verify the exact, latest details with the original filing.
- SEC EDGAR (filing index)
- Primary document (original)
- Accession no.：0001730168-26-000051