Broadcom delivers upbeat guidance as AI-related revenue soars
Trending Articles- Bitcoin Cash Unveiled: Why Did BCH Price Surpass BTC? Can it Soar to $1,000 in the Future?
- AUD/USD holds steady below 0.6650, highest since September ahead of China's trade data
- After the Crypto Crash, Is an Altcoin Season Looming Post-Liquidation?
- The 2026 Fed Consensus Debate: Not Hassett, It’s About Whether Powell Stays or Goes
- WTI drifts lower to near $58.50 on Iraq oilfield recovery
- AUD/USD sticks to gains above 0.6600, highest since late October after Aussie trade data
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.
