Broadcom delivers upbeat guidance as AI-related revenue soars
Trending Articles- Gold Price Forecast: XAU/USD holds positive ground above $4,100 as Fed rate cut expectations rise
- Gold hits three-week top as dovish Fed bets offset US government reopening optimism
- Australian Dollar receives support following cautious remarks from RBA Hauser
- Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP flash deeper downside risks as market selloff intensifies
- Australian Dollar declines as US Dollar gains amid nearing government shutdown end
- CoreWeave Q3 2025 Earnings Analysis: Short-Term Hypergrowth vs. Long-Term Leverage Risks—Trading Opportunity or Trap?
Investing.com - Broadcom on Thursday delivered upbeat revenue guidance for the current quarter amid surging AI-revenue, though the chipmaker reported mixed Q4 results as revenue fell just short of estimates.
Broadcom Inc (NASDAQ:AVGO) shares gained 4% in after-hours trade following the report.
For three months ended Nov. 3, the chipmaker announced earnings per share of $1.42 on revenue of $14.05 billion. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $14.07 billion.
Semiconductor solutions, its core business, jumped 12% to $8.23B, while infrastructure software rose 196% to $5.82B.
For 2024, semiconductor revenue was a "record $30.1 billion driven by AI revenue of $12.2 billion," the company said. "AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio," it added.
Looking ahead, the chipmaker said it expects Q1 revenue of $14.6B, above consensus of $14.55B.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
