From Financial Modeling Prep: 2025-03-07 11:45:00

Broadcom (NASDAQ:AVGO) shares surged over 7% today after reporting strong fiscal first-quarter earnings and providing a positive outlook for the current quarter. Demand for its AI chips remains high, with cloud providers turning to Broadcom and Marvell as alternatives to Nvidia due to supply constraints.

In the first quarter, Broadcom exceeded analyst expectations with adjusted EPS of $1.60 and revenue of $14.92 billion. AI-related revenue saw a significant 77% increase year-over-year, reaching $4.1 billion, solidifying its position in the AI semiconductor market.

Core semiconductor solutions business revenue grew by 55% to $8.2 billion, while infrastructure software division revenue increased by 45% to $6.7 billion. The company’s performance in these key areas contributed to its overall strong financial results.

Broadcom’s fiscal second-quarter revenue forecast of $14.9 billion exceeded market expectations, showcasing continued growth and strength in its business operations. The company’s positive outlook indicates a promising future for its semiconductor and software solutions.



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