Broadcom Inc. announced that Amie Thuener, a former Alphabet executive, will become the company’s Chief Financial Officer effective June 12, 2026. The appointment follows the retirement of current CFO Kirsten Spears, who will remain as an adviser for nine months to support the transition.
Thuener joined Alphabet in 2018 as Vice President, Corporate Controller and Chief Accounting Officer, and previously served as a senior partner at PricewaterhouseCoopers LLP. Her experience spans corporate finance, accounting, and AI‑related transactions, positioning her to guide Broadcom’s growing AI‑focused business.
In its most recent quarter, Broadcom reported consolidated revenue of $19.31 billion, up 29% year‑over‑year, and non‑GAAP diluted earnings per share of $2.05, beating the consensus estimate of $1.88. AI semiconductor revenue surged 106% YoY to $8.4 billion, now representing roughly 44% of total revenue, while adjusted EBITDA reached $13.1 billion, a 68% margin that expanded 40 basis points from the prior year. The strong results were driven by robust demand for custom AI accelerators and networking solutions, which lifted the high‑margin AI segment and offset modest pressure in legacy semiconductor lines.
Management highlighted that the AI segment’s growth and the company’s operational leverage underpin the margin expansion. Cost control measures and a favorable product mix allowed Broadcom to maintain profitability even as it scales its AI portfolio. The company’s guidance for the next quarter reflects confidence in continued demand: revenue is projected at about $22 billion, a 47% YoY increase, with AI semiconductor revenue expected to reach $10.7 billion and an adjusted EBITDA margin of 68%. Broadcom also announced a new $10 billion share‑repurchase program to be executed through the end of 2026.
Investors reacted positively to the CFO appointment and the company’s financial outlook, citing the accelerated AI growth, strong guidance, and the new share‑repurchase program as key factors supporting Broadcom’s strategic trajectory.
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