Connect with us

Technology

Broadcom Inc. Announces Third Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend

Published

3 hours ago

on

Revenue of $29.6 billion for the third quarter, up 86 percent from the prior year periodGAAP operating income of $16.0 billion for the third quarter; Non-GAAP operating income of $20.1 billion for the third quarterGAAP diluted EPS of $2.68 for the third quarter; Non-GAAP diluted EPS of $3.32 for the third quarterCash from operations of $14.2 billion for the third quarter, less capital expenditures of $0.5 billion, resulted in $13.7 billion of free cash flow, or 46 percent of revenueQuarterly common stock dividend of $0.65 per shareFourth quarter fiscal year 2026 revenue guidance of approximately $34.8 billion, an increase of 93 percent from the prior year periodFourth quarter fiscal year 2026 Non-GAAP operating income guidance of approximately 66 percent of projected revenue (1)

PALO ALTO, Calif., Sept. 2, 2026 /PRNewswire/ — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its third quarter of fiscal year 2026, ended August 2, 2026, provided guidance for its fourth quarter of fiscal year 2026 and announced its quarterly dividend.

“Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter,” said Hock Tan, President and CEO of Broadcom Inc. “In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year.”

“Broadcom achieved record revenue, operating profit and free cash flow in Q3. We delivered non-GAAP operating income growth of 92% year-over-year, as consolidated revenue grew 86% year-over-year to $29.6 billion,” said Amie Thuener, CFO of Broadcom Inc. “Q4 consolidated revenue growth is forecasted to increase 93% year-over-year to $34.8 billion, and we expect to maintain our non-GAAP operating margin at 66%, flat from a year ago.”  

__________________________________________________________________________________________________________________________________

(1) The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures presented to the relevant projected GAAP measures
without unreasonable effort.

Third Quarter Fiscal Year 2026 Financial Highlights

GAAP

Non-GAAP

(Dollars in millions, except per share data)

Q3 26

Q3 25

Change   

Q3 26

Q3 25

Change   

Net revenue

$

29,591

$

15,952

+86

%

$

29,591

$

15,952

+86

%

Operating income

$

15,955

$

5,887

+171

%

$

20,095

$

10,455

+92

%

Net income

$

13,088

$

4,140

+216

%

$

16,372

$

8,404

+95

%

Earnings per common share – diluted

$

2.68

$

0.85

+215

%

$

3.32

$

1.69

+96

%

(Dollars in millions)

Q3 26

Q3 25

Change   

Cash flow from operations                                                            

$

14,197

$

7,166

+98

%

Free cash flow

$

13,665

$

7,024

+95

%

Net revenue by segment

(Dollars in millions)

Q3 26

Q3 25

Change   

Semiconductor solutions                                                        

$

20,839

70

%

$

9,166

57

%

+127

%

Infrastructure software

8,752

30

6,786

43

+29

%

Total net revenue

$

29,591

100

%

$

15,952

100

%

The Company’s cash and cash equivalents at the end of the fiscal quarter were $24.0 billion, compared to $19.6 billion at the end of the prior fiscal quarter.

During the third fiscal quarter, the Company generated $14.2 billion in cash from operations and spent $0.5 billion on capital expenditures, resulting in $13.7 billion of free cash flow.

On June 30, 2026, the Company paid a cash dividend of $0.65 per share, totaling $3.1 billion.

The differences between the Company’s GAAP and non-GAAP results are described generally under “Non-GAAP Financial Measures” below and presented in detail in the financial reconciliation tables attached to this release.

Fourth Quarter Fiscal Year 2026 Business Outlook

Based on current business trends and conditions, the outlook for the fourth quarter of fiscal year 2026, ending November 1, 2026, is expected to be as follows:

Fourth quarter revenue guidance of approximately $34.8 billion;Fourth quarter non-GAAP operating income guidance of approximately 66 percent of projected revenue.

The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures to the relevant projected GAAP measures without unreasonable effort. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

Quarterly Dividends

The Board of Directors of Broadcom has approved a quarterly cash dividend of $0.65 per share. The dividend is payable on September 30, 2026 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on September 21, 2026.

Financial Results Conference Call

Broadcom Inc. will host a conference call to review its financial results for the third quarter of fiscal year 2026 and to discuss the business outlook today at 2:00 p.m. Pacific Time.

To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com/.

Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom’s website at https://investors.broadcom.com/.

Non-GAAP Financial Measures

The non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. When possible, a reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. The Company is not readily able to provide a reconciliation of projected non-GAAP measures to the comparable GAAP measures without unreasonable effort. Broadcom believes non-GAAP financial information provides additional insight into the Company’s on-going performance. Therefore, Broadcom provides this information to investors for a more consistent basis of comparison and to help them evaluate the results of the Company’s on-going operations and enable more meaningful period to period comparisons.   

In addition to GAAP reporting, Broadcom provides investors with net income, operating income, gross margin, operating expenses, cash flow and other data on a non-GAAP basis. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other charges, acquisition-related costs, including integration costs, non-GAAP tax reconciling adjustments, and other adjustments. Management does not believe that these items are reflective of the Company’s underlying performance. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating the core operating performance of the Company, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to the Company’s operations, and benchmarking performance externally against the Company’s competitors. The exclusion of these and other similar items from Broadcom’s non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom’s free cash flow may not be calculated in a manner comparable to similarly named measures used by other companies.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance, our plans and expectations with regard to our share repurchases, and other statements identified by words such as “will,” “expect,” “believe,” “anticipate,” “estimate,” “should,” “intend,” “plan,” “potential,” “predict,” “project,” “aim,” and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of Broadcom’s management, current information available to Broadcom’s management, and current market trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in these forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; global political and economic conditions relating to our international operations; cyclicality in the semiconductor industry undergoing profound change due to AI; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; the slow or unsuccessful return on our research and development investments, expansion of our business strategy or adoption of new business models; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; our ability to continue winning business in the semiconductor solutions industry; our ability to accurately estimate customers’ demand and adjust our manufacturing and supply chain accordingly; dependence on senior management and our ability to attract and retain qualified personnel; our ability to maintain or improve gross margin; our ability to protect against cybersecurity threats and a breach of security systems; prolonged disruptions of our, our customers’ or our suppliers’ facilities or other significant operations; our ability to maintain appropriate manufacturing capacity and quality; dependence on and risks associated with distributors and other channel partners of our products; ability of our software portfolio to manage and secure IT infrastructures and environments; demand for our data center virtualization products and customer acceptance of our software, services and business strategy; competitiveness of our software solutions and compatibility of our software with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; use of open source software in our software and services; sales to government customers; our ability to manage our software solutions and services lifecycles; our competitive performance; quarterly and annual fluctuations in operating results; any acquisitions or dispositions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; involvement in legal proceedings; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims, or other undetected defects or bugs; our compliance with privacy and data security laws; corporate responsibility matters; our provision for income taxes and overall cash tax costs; our ability to maintain tax concessions in certain jurisdictions; potential tax liabilities as a result of acquiring VMware; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; the amount and frequency of our share repurchase program; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Our filings with the SEC, which are available without charge at the SEC’s website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Ji Yoo
Broadcom Inc.
Investor Relations
650-427-6000
investor.relations@broadcom.com

(AVGO-Q)

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS – UNAUDITED 

 (IN MILLIONS, EXCEPT PER SHARE DATA) 

 Fiscal Quarter Ended 

Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

August 3,

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Net revenue

$

29,591

$

22,187

$

15,952

$

71,089

$

45,872

Cost of revenue:

Cost of revenue

7,624

5,301

3,704

17,604

10,273

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Restructuring charges

12

10

26

35

68

Total cost of revenue

9,135

6,772

5,249

22,061

14,827

Gross margin

20,456

15,415

10,703

49,028

31,045

Research and development

2,895

2,995

3,050

8,855

7,996

Selling, general and administrative

996

1,055

1,072

3,070

3,104

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Restructuring and other charges

103

71

187

277

445

Total operating expenses

4,501

4,627

4,816

13,722

13,069

Operating income

15,955

10,788

5,887

35,306

17,976

Interest expense

(778)

(776)

(807)

(2,355)

(2,449)

Other income, net

98

118

205

649

333

Income before income taxes

15,275

10,130

5,285

33,600

15,860

Provision for income taxes

2,187

820

1,145

3,853

1,252

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Net income per share:

Basic

$

2.75

$

1.96

$

0.88

$

6.26

$

3.10

Diluted

$

2.68

$

1.91

$

0.85

$

6.09

$

3.02

Weighted-average shares used in per share calculations:

Basic

4,766

4,747

4,714

4,752

4,705

Diluted

4,887

4,876

4,860

4,884

4,841

Stock-based compensation expense:

Cost of revenue

$

224

$

223

$

251

$

683

$

607

Research and development

1,344

1,395

1,573

4,186

3,564

Selling, general and administrative

451

474

498

1,418

1,202

Total stock-based compensation expense

$

2,019

$

2,092

$

2,322

$

6,287

$

5,373

 

 BROADCOM INC. 

 FINANCIAL RECONCILIATION: GAAP TO NON-GAAP – UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Gross margin on GAAP basis

$

20,456

$

15,415

$

10,703

$

49,028

$

31,045

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Stock-based compensation expense

224

223

251

683

607

Restructuring charges

12

10

26

35

68

Gross margin on non-GAAP basis

$

22,191

$

17,109

$

12,499

$

54,168

$

36,206

Research and development on GAAP basis

$

2,895

$

2,995

$

3,050

$

8,855

$

7,996

Stock-based compensation expense

1,344

1,395

1,573

4,186

3,564

Research and development on non-GAAP basis

$

1,551

$

1,600

$

1,477

$

4,669

$

4,432

Selling, general and administrative expense on GAAP basis

$

996

$

1,055

$

1,072

$

3,070

$

3,104

Stock-based compensation expense

451

474

498

1,418

1,202

Acquisition-related costs

–

–

7

2

204

Selling, general and administrative expense on non-GAAP basis

$

545

$

581

$

567

$

1,650

$

1,698

Total operating expenses on GAAP basis

$

4,501

$

4,627

$

4,816

$

13,722

$

13,069

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Stock-based compensation expense

1,795

1,869

2,071

5,604

4,766

Restructuring and other charges

103

71

187

277

445

Acquisition-related costs

–

–

7

2

204

Total operating expenses on non-GAAP basis

$

2,096

$

2,181

$

2,044

$

6,319

$

6,130

Operating income on GAAP basis

$

15,955

$

10,788

$

5,887

$

35,306

$

17,976

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

–

–

7

2

204

Operating income on non-GAAP basis

$

20,095

$

14,928

$

10,455

$

47,849

$

30,076

Interest expense on GAAP basis

$

(778)

$

(776)

$

(807)

$

(2,355)

$

(2,449)

Loss on debt extinguishment

75

31

53

161

118

Interest expense on non-GAAP basis

$

(703)

$

(745)

$

(754)

$

(2,194)

$

(2,331)

Other income, net on GAAP basis

$

98

$

118

$

205

$

649

$

333

Excise tax benefit

–

–

–

(315)

–

Gain from sale of business

–

–

(163)

–

(163)

Other

–

–

29

–

8

Other income, net on non-GAAP basis

$

98

$

118

$

71

$

334

$

178

Provision for income taxes on GAAP basis

$

2,187

$

820

$

1,145

$

3,853

$

1,252

Non-GAAP tax reconciling adjustments

931

1,407

223

3,505

2,657

Provision for income taxes on non-GAAP basis

$

3,118

$

2,227

$

1,368

$

7,358

$

3,909

Net income on GAAP basis

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

–

–

7

2

204

Loss on debt extinguishment

75

31

53

161

118

Excise tax benefit

–

–

–

(315)

–

Gain from sale of business

–

–

(163)

–

(163)

Other

–

–

29

–

8

Non-GAAP tax reconciling adjustments

(931)

(1,407)

(223)

(3,505)

(2,657)

Net income on non-GAAP basis

$

16,372

$

12,074

$

8,404

$

38,631

$

24,014

Weighted-average shares used in per share calculations – diluted on GAAP basis

4,887

4,876

4,860

4,884

4,841

Non-GAAP adjustment (1)

50

64

112

61

94

Weighted-average shares used in per share calculations – diluted on non-GAAP basis               ‌

4,937

4,940

4,972

4,945

4,935

Net cash provided by operating activities

$

14,197

$

10,493

$

7,166

$

32,950

$

19,834

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Free cash flow

$

13,665

$

10,262

$

7,024

$

31,937

$

19,448

 

________________________________________________________________________________________________________________________________________________

(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation expense expected to be incurred
in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method.

 

BROADCOM INC.

CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED

(IN MILLIONS)

August 2,

November 2,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

23,975

$

16,178

Trade accounts receivable, net

13,707

7,145

Inventory

4,523

2,270

Other current assets

9,968

5,980

Total current assets

52,173

31,573

Long-term assets:

Property, plant and equipment, net

3,144

2,530

Goodwill

97,801

97,801

Intangible assets, net

26,325

32,273

Other long-term assets

8,705

6,915

Total assets

$

188,148

$

171,092

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

4,000

$

1,560

Employee compensation and benefits

1,506

2,129

Short-term debt

2,252

3,152

Other current liabilities

13,080

11,673

Total current liabilities

20,838

18,514

Long-term liabilities:

Long-term debt

57,167

61,984

Other long-term liabilities

10,453

9,302

Total liabilities

88,458

89,800

Stockholders’ equity:

Preferred stock

–

–

Common stock

5

5

Additional paid-in capital

77,330

71,308

Retained earnings

22,151

9,761

Accumulated other comprehensive income                    ‌

204

218

Total stockholders’ equity

99,690

81,292

  Total liabilities and equity

$

188,148

$

171,092

 

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Cash flows from operating activities:

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Adjustments to reconcile net income to net cash provided by operating activities:               ‌

Amortization of intangible and right-of-use assets

2,042

2,002

2,060

6,047

6,116

Depreciation

171

163

142

484

426

Stock-based compensation

2,019

2,092

2,322

6,287

5,373

Deferred taxes and other non-cash taxes

7

(603)

284

(1,051)

(983)

Loss on debt extinguishment

75

31

53

161

118

Non-cash interest expense

65

67

82

204

273

Other

13

3

(23)

31

58

Changes in assets and liabilities, net of acquisitions and disposals:

  Trade accounts receivable, net

(2,859)

(2,370)

(937)

(6,544)

(2,066)

  Inventory

(195)

(1,366)

(163)

(2,253)

(420)

  Accounts payable

1,630

149

136

2,313

(236)

  Employee compensation and benefits

372

270

511

(619)

(110)

  Other current assets and current liabilities

(2,675)

474

(999)

(2,893)

(1,028)

  Other long-term assets and long-term liabilities

444

271

(442)

1,036

(2,295)

Net cash provided by operating activities

14,197

10,493

7,166

32,950

19,834

Cash flows from investing activities:

Proceeds from sale of business

–

–

300

–

300

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Purchases of investments

(619)

(23)

(99)

(756)

(261)

Sales of investments

37

39

51

320

147

Other

1

7

(16)

13

(13)

Net cash provided by (used in) investing activities

(1,113)

(208)

94

(1,436)

(213)

Cash flows from financing activities:

Proceeds from long-term borrowings

–

–

6,960

4,474

10,695

Payments on debt obligations

(5,628)

(1,250)

(6,750)

(10,528)

(14,840)

Proceeds from (repayments of) commercial paper, net

–

–

(3,373)

–

488

Payments of dividends

(3,103)

(3,092)

(2,786)

(9,281)

(8,345)

Repurchases of common stock – repurchase program

–

(600)

–

(8,450)

(2,450)

Shares repurchased for tax withholdings on vesting of equity awards

–

–

(58)

–

(3,860)

Issuance of common stock

–

113

–

113

118

Other

(6)

(2)

(7)

(45)

(57)

Net cash used in financing activities

(8,737)

(4,831)

(6,014)

(23,717)

(18,251)

Net change in cash and cash equivalents

4,347

5,454

1,246

7,797

1,370

Cash and cash equivalents at beginning of period

19,628

14,174

9,472

16,178

9,348

Cash and cash equivalents at end of period

$

23,975

$

19,628

$

10,718

$

23,975

$

10,718

Supplemental disclosure of cash flow information:

Cash paid for interest

$

674

$

695

$

602

$

1,988

$

1,973

Cash paid for income taxes

$

347

$

1,099

$

822

$

2,228

$

1,834

 

View original content:https://www.prnewswire.com/news-releases/broadcom-inc-announces-third-quarter-fiscal-year-2026-financial-results-and-quarterly-dividend-302868129.html

SOURCE Broadcom Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

World’s Largest Indoor, Multi-Level Karting Track & Premier Entertainment Venue Celebrates Groundbreaking in Columbus, Ohio

Published

36 minutes ago

on

September 2, 2026

By

/C O R R E C T I O N – Supercharged Entertainment/ In the news release, World’s Largest Indoor, Multi-Level Karting Track & Premier Entertainment Venue Celebrates Groundbreaking in Columbus, Ohio, issued Sept. 2, 2026 by Supercharged Entertainment over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

World’s Largest Indoor, Multi-Level Karting Track & Premier Entertainment Venue Celebrates Groundbreaking in Columbus, Ohio

Sprawling 16-Acre Polaris Center complex set to open in Summer of 2027

POLARIS, Ohio, Sept. 2, 2026 /PRNewswire/ — Supercharged Entertainment, the world’s largest indoor, multi-level karting track and premier entertainment venue, broke ground today on the fourth U.S. location in Polaris, Ohio, with a groundbreaking ceremony held on-site. The venue is slated to open in Summer 2027.

Located at 9300 Lyra Drive in Columbus, Supercharged Entertainment Polaris will mirror the design of Supercharged Entertainment New Jersey, which opened to enthusiastic crowds in December 2022 in Edison, NJ. The venue will be a world class, 125,000 square-foot karting and premier entertainment experience located in the heart of other Polaris leisure destinations such as Topgolf and Smash Park, alongside additional shopping and dining. Once complete, the sprawling 16-acre complex will feature:

The world’s largest indoor, multi-level, temperature-controlled Karting Track with two uniquely designed tracks — complete with 25 total elevation changes — that can be combined into one 80,000 square-foot SupertrackTime Mission, an immersive, team-based, one-of-a-kind attraction where individuals and groups of all ages can challenge each other and the clock through 30+ mission rooms — it’s a mix of physical, mental, and skill-based challenges where participants choose their own path and compete for the highest scoreAn enormous, two-story Arcade & Gaming Area boasting nearly 180 games, including several thrilling Virtual Reality experiences, plus an expansive Prize Center to ensure everyone leaves a winnerThe Drop & Twist Tower, an exhilarating, two-story attraction that spins, drops, and passes through all floors of the facility while riders take in everything Supercharged Entertainment Polaris has to offerA full-service restaurant & bar featuring a wide-ranging menu of shareable bites and entrées, plus world-class cocktails, beers, and specialty beveragesVersatile and spacious Group & Event areas suitable for all occasions and sizes, with catering available

The choice of Polaris, Ohio is the inspiration of Stephen and Sandra Sangermano, who serve as the company’s President and CEO, and marks the 5th entertainment venue opened and operated by the Sangermano family. Today’s groundbreaking marks the start of the Sangermanos’ vision to bring to Columbus and the entire central Ohio region the world’s most spectacular, thrilling, and fun-filled karting and entertainment destination.

“Sandi and I couldn’t be more excited to break ground on what will be Ohio’s and the world’s best, all-in-one karting and entertainment venue,” said Stephen Sangermano, President. “Supercharged Entertainment Polaris has something for everyone – couples, families, kids, groups, and companies. We can’t wait to bring Columbus and all of central Ohio the exhilarating and amazing fun our Polaris venue will have to offer.”

“On behalf of our entire Supercharged Entertainment team, we’re incredibly grateful to the Polaris community and all of Ohio for welcoming us so warmly,” added Sandra Sangermano, CEO. “We look forward to Supercharged Entertainment Polaris’s grand opening in Summer 2027, and we hope to see everyone there.”

Supercharged Entertainment Polaris will be fun for all ages and ready to host kids, adults, families, groups, and companies who crave the excitement and adrenaline rush of authentic, indoor karting. All karts possess incredible torque and acceleration, resulting in an exhilarating and thrilling ride. Plus, their all-electric vehicles produce zero emissions, making it a more enjoyable and environmentally friendly experience on the 80,000 square-foot, temperature-controlled track.

“We’re thrilled to welcome Supercharged Entertainment to POLARIS Centers of Commerce,” said Franz Geiger, Managing Director of NP Limited Partnership. “This is exactly the kind of destination experience that continues to make POLARIS a premier entertainment and lifestyle hub for central Ohio. We look forward to seeing Supercharged Entertainment join the outstanding mix of retail, dining, and entertainment already thriving here, and to celebrating alongside them when they open their doors in Summer 2027.”

 Bill Ebben 508-922-1974 or bill@ebbengroup.com

Correction: An image has been added to the release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/worlds-largest-indoor-multi-level-karting-track–premier-entertainment-venue-celebrates-groundbreaking-in-columbus-ohio-302868178.html

SOURCE Supercharged Entertainment

Continue Reading

Technology

Occam Global Names John Holodnak Chief Executive Officer, William Holodnak Chairman, and Teresa Reti Partner

Published

36 minutes ago

on

September 2, 2026

By

Occam Global also reports more than 300% growth in its defense technology practice and continued expansion of a venture portfolio now spanning more than 50 early-stage companies.

NEW YORK, Sept. 2, 2026 /PRNewswire-PRWeb/ — Occam Global (Occam), the executive search, advisory, and venture investment firm for founders, boards, and investors across the innovation economy, today announced a series of leadership changes alongside continued momentum across the firm. Effective today, John Holodnak has been named Chief Executive Officer, succeeding co-founder William “Bill” Holodnak, who becomes Chairman. Teresa Reti has been promoted to Partner. The changes come as Occam’s defense technology practice has grown by more than 300% over the past year and its venture investing activity has expanded to include more than 50 early-stage companies.

“As CEO, I’m excited to keep pushing our team deeper into the technologies that will define the next decade and to keep proving that the right leader, found early, changes everything for a company.” — John Holodnak, Chief Executive Officer, Occam Global

LEADERSHIP TRANSITION

John Holodnak, who co-founded Occam Global in 2012 alongside his father, Bill, has been promoted from President to Chief Executive Officer. Over more than a decade at the firm, John has become one of executive search’s most distinguished leaders and a go-to specialist in deep tech and frontier technology, building Occam’s reputation among founders, boards, and investors seeking transformative leadership for the world’s most ambitious technology companies. As CEO, John will set the firm’s overall strategic direction as it continues to grow and expand into new sectors and geographies.

“Being part of building Occam alongside my father for the last fourteen years has been the privilege of my career. As CEO, I’m excited to keep pushing our team deeper into the technologies that will define the next decade — from defense and robotics to AI and the life sciences — and to keep proving that the right leader, found early, changes everything for a company.” — John Holodnak, Chief Executive Officer, Occam Global

Bill Holodnak, who co-founded Occam Global in 2012, has transitioned from Chief Executive Officer to Chairman. In his new role, Bill will continue to oversee Occam’s client and industry relationships and remain a resource to the firm and its clients, advising the business based on more than 40 years of recruiting experience. He will also continue to work closely with clients on CEO and board-level recruiting, areas in which his relationships and judgment have long set Occam apart.

“Handing the CEO title to John is an easy decision — he has already been leading this firm for years, and I’m simply making it official. After forty years in this business, I’m looking forward to spending more of my time where I add the most value: deepening our client relationships, mentoring our team, and advising boards to get recruiting right at the top.” — William “Bill” Holodnak, Chairman, Occam Global

NEW PARTNER

Occam also promoted Teresa Reti to Partner. Reti joined the firm in 2021 and has developed many of the relationships that have become central to Occam’s life sciences, technology, and venture capital practices. She brings an unconventional path to executive search: before Occam, she spent more than a decade in the international art world, serving as a gallery director in New York, Hong Kong, and Singapore, and later founding her own art advisory. She holds a BA in Art History, with a minor in Economics, from Stanford University, where she was a National Merit Scholar, and an MBA from the USC Marshall School of Business, where she was a Forte Fellow.

“I came to Occam from a very different yet resonant space – an opaque, relationship-driven market which rewarded the ability to spot creativity and stay ahead of the zeitgeist. Of course, these qualities are also essential to entrepreneurial success and define my approach to my practice as an executive recruiter. Becoming a Partner is a meaningful milestone, and I look forward to working alongside John to bring Occam’s principled and spirited approach to company formation into new sectors and geographies.” — Teresa Reti, Partner, Occam Global

FIRM GROWTH

The leadership changes come amid continued momentum across the firm. Occam’s defense technology practice has grown more than 300% over the past year, reflecting surging demand for executive and board talent as venture and government capital continue to flow into next-generation defense, security, and dual-use technology companies. The firm has expanded its bench of recruiters and advisors dedicated to defense and has placed senior leaders across the sector, reinforcing Occam’s position at the center of deep tech and frontier technology recruiting.

Occam’s growth extends beyond recruiting. In addition to placing leaders at the world’s most ambitious technology companies, the firm invests directly in many of them. Occam has made venture investments in more than 50 early-stage companies spanning robotics, life sciences, defense, consumer, software-as-a-service, digital chemistry, and artificial intelligence, pairing capital with the same hands-on leadership advisory that has defined its search practice for more than a decade.

ABOUT OCCAM GLOBAL

Occam Global is a leading executive search and advisory partner for entrepreneurs, investors, and corporations targeting exceptional goals across the life sciences, deep tech, and venture capital sectors worldwide. Since 2012, Occam has collaborated with top founders, CEOs, and investors across the tech industry to provide high-performing leaders who fuel growth. From stealth startups to public markets, we recruit senior executives, advise on organizational strategies, and invest alongside visionary teams to build innovative companies.

Occam’s success is rooted in our proven ability to attract outstanding business and scientific leaders, our seamless access to rare talent, and our strong commitment to results, guided by high ethics and enlightened aggression. Whether you’re launching, leading, or investing, we are here to support growth through the power of talent. To learn more, visit www.occam-global.com.

Media Contact

David Hawryluk, Occam Global LLC, 1 (888) 212-3410, info@occam-global.com, https://www.occam-global.com/

View original content:https://www.prweb.com/releases/occam-global-names-john-holodnak-chief-executive-officer-william-holodnak-chairman-and-teresa-reti-partner-302867368.html

SOURCE Occam Global LLC

Continue Reading

Technology

Hivelocity Launches Outlet Store — Bare Metal Servers, Ready Now, at Lower Prices

Published

2 hours ago

on

September 2, 2026

By

A new section of the Hivelocity store offers in-stock, fully functional dedicated servers at reduced monthly pricing, giving customers facing long lead times on new hardware a faster path to deployment.

TAMPA, Fla., Sept. 2, 2026 /PRNewswire/ — Hivelocity, an infrastructure-as-a-service provider of bare metal, dedicated servers, edge computing, and virtualized cloud solutions, today announced the launch of the Hivelocity Outlet Store, a new section of its storefront offering proven, in-stock server configurations at reduced monthly pricing. The Outlet Store gives customers immediate access to reliable infrastructure without the wait times currently affecting parts of the hardware supply chain.

As Hivelocity upgrades its server portfolio, the company moves previous configurations into the Outlet Store, offering them at lower prices. These servers enable organizations to support development, proof-of-concept, build farm, and similar engineering workloads without paying for excess capacity or waiting for the latest systems to become available.

Outlet Store servers are available on a month-to-month basis, with no long-term contract required. Customers who outgrow an outlet configuration can move up to a more powerful dedicated server as their requirements evolve. To keep pricing low and enable rapid deployment, the Outlet Store does not offer custom configuration options.

“If you’ve been waiting on new hardware because of supply chain delays, there’s no reason to keep waiting. The Outlet Store gives customers proven, in-stock servers at a lower price point, so they can get running today instead of sitting in a queue.” — Ned Pope, Chief Product Officer, Hivelocity

Customers can access the Outlet Store now through the Hivelocity. For additional workload needs, they can continue to choose from the full Hivelocity catalog of dedicated, cloud, and colocation infrastructure.

About Hivelocity

Founded in 2002, Hivelocity operates bare metal infrastructure across globally distributed data centers, serving mid-market and enterprise customers in healthcare, SaaS, fintech, gaming, and high-performance computing. The company runs 24/7/365 in-house support with a roughly 15-minute average ticket response and a transactional NPS of 79, backed by an SLA-backed 99.99 percent network uptime guarantee.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hivelocity-launches-outlet-store–bare-metal-servers-ready-now-at-lower-prices-302868144.html

SOURCE Hivelocity

Continue Reading

Trending