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Broadcom expects AI to power VMware revenue growth [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
VMware revenue grew 13% year over year and total contract value exceeded $9.2 billion during the first quarter of the 2026 fiscal year, Broadcom CEO Hock Tan said during the company's earnings call Wednesday. “We are confident that the growth in generative and agentic AI will create the need for more VMware, not less,” Tan said during the call. Broadcom, which no longer reports VMware revenue separately, saw total Q1 2026 revenue reach $19.3 billion, up 29% from the previous fiscal year. VMware Cloud Foundation , the company's private cloud offering, allows enterprises to scale generative AI workloads and functions as an essential layer between chips and AI software that “cannot be disintermediated or replaced,” Tan said. Broadcom launched an open ecosystem for VCF i n November 2025 in a bid to create a private cloud alternative to hyperscalers. Dive Insight: Broadcom has indicated steady VMware growth , partly driven by an AI boom across its different business segments. Br
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