Broadcom Posts Record Quarterly Revenue, ‘Driven by Robust Demand for AI’
:max_bytes(150000):strip_icc()/GettyImages-22177253761-e10ddb16fc4945c8be161b57fd0177fa.jpg?w=780&resize=780,470&ssl=1 "Broadcom Posts Record Quarterly Revenue, ‘Driven by Robust Demand for AI’")
Broadcom (AVGO) on Thursday posted record quarterly revenue, thanks in part to growth in AI semiconductor revenue.
The chipmaker reported fiscal second-quarter revenue of $15 billion, up 20% year-over-year and roughly in line with the analyst consensus from Visible Alpha. Its adjusted net income of $7.79 billion, or $1.58 per share, rose from $5.39 billion, or $1.10 per share, in the year-ago quarter, also meeting expectations.
The gains came as Broadcom’s AI revenue jumped 46% to $4.4 billion, “driven by robust demand for AI networking,” CEO Hock Tan said.
Looking ahead, Tan said the company anticipates AI revenue could climb to $5.1 billion in Broadcom’s fiscal third quarter. The company forecast total revenue of $15.8 billion, matching the Wall Street consensus.
Broadcom shares declined about 2% in after-hours trading after nearing a record high during Thursday’s regular session. The stock has added about 12% for 2025 through Thursday’s closing bell.
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