Broadcom Declares $0.65 Quarterly Dividend, Maintains Payout
Broadcom Inc. (NASDAQ: AVGO), a global semiconductor and infrastructure software company, announced a quarterly cash dividend of $0.65 per share. The dividend matches the previous quarter's payout.
Broadcom Inc. (NASDAQ: AVGO), a global semiconductor and infrastructure software company, announced on March 4, 2026, that its Board of Directors has declared a quarterly cash dividend of $0.65 per share on common stock. The dividend matches the company's previous quarterly distribution. Read more dividend announcements.
The dividend will be paid on March 31, 2026, to shareholders of record as of the close of business on March 23, 2026. The company has not disclosed an ex-dividend date.
| Dividend Details | |
|---|---|
| Amount | $0.65 per share |
| Record Date | March 23, 2026 |
| Ex-Dividend Date | Not disclosed |
| Payment Date | March 31, 2026 |
| Frequency | Quarterly |
Strong First Quarter Performance
The dividend announcement came alongside Broadcom's first quarter fiscal year 2026 financial results. The company reported revenue of $19.3 billion for the quarter ended February 1, 2026, up 29 percent from the prior year period. Net income reached $7.3 billion on a GAAP basis and $10.2 billion on a non-GAAP basis.
Broadcom generated $8.3 billion in cash from operations during the first quarter. After capital expenditures of $250 million, free cash flow totaled $8.0 billion, representing 41 percent of revenue.
The company returned $10.9 billion to shareholders in the first quarter through $3.1 billion of cash dividends and $7.8 billion of stock repurchases. The Board of Directors has authorized a new $10 billion share repurchase program running through December 31, 2026.
AI Revenue Drives Growth
Chief Executive Officer Hock Tan attributed the strong results to continued strength in AI semiconductor solutions. AI revenue reached $8.4 billion in the first quarter, up 106 percent year-over-year, driven by demand for custom AI accelerators and AI networking products.
Semiconductor solutions revenue climbed 52 percent to $12.5 billion, while infrastructure software revenue increased 1 percent to $6.8 billion. The company expects second quarter revenue of approximately $22.0 billion, representing 47 percent growth from the prior year period.
Broadcom ended the quarter with $14.2 billion in cash and cash equivalents, down from $16.2 billion at the end of the prior fiscal quarter. The company trades on the NASDAQ Global Select Market under the ticker symbol AVGO.