From CNBC: 2025-06-05 17:17:00

Broadcom reported strong second-quarter earnings that surpassed Wall Street expectations. The chipmaker posted earnings per share of $1.58, beating the $1.56 expected, and revenue of $15 billion, exceeding the $14.99 billion forecasted. Broadcom expects $15.8 billion in revenue for the third quarter, up 20% from last year. Net income also rose significantly.

Broadcom shares have risen 12% this year, following a doubling in value last year. The company’s success is attributed to its custom AI chips, with $4.4 billion in AI revenue reported for the quarter. CEO Hock Tan announced plans for $5.1 billion in AI chip sales for the upcoming quarter, with continued growth expected through fiscal 2026.

Broadcom’s semiconductor solutions business saw a 17% increase in revenue to $8.4 billion, surpassing analyst estimates. The software business, which includes VMware, grew by 25% year-over-year to $6.6 billion in sales, also beating estimates. The company continues to invest in AI infrastructure and custom AI accelerators.



Read more at CNBC:: Broadcom (AVGO) earnings report Q2 2025