From Yahoo Finance: 2025-06-06 16:15:00

Broadcom Inc (NASDAQ: AVGO) reported second-quarter revenue of $15 billion, beating estimates and showing a 20% increase. Adjusted earnings per share were $1.58, exceeding analyst expectations. AI revenue grew 46% to over $4.4 billion, driven by demand for AI networking. The company expects third-quarter revenue of approximately $15.8 billion.

Wall Street analysts have maintained or raised their ratings and price targets for Broadcom, indicating confidence in the company’s future performance. Analysts emphasized Broadcom’s strong position in AI and networking solutions, anticipating further growth in revenue and market share. Despite a modest beat in recent quarters, analysts remain bullish on Broadcom’s long-term prospects.

Broadcom’s strong performance in AI revenue and stable position in the semiconductor industry have garnered positive analyst reviews. The company’s focus on AI, networking, and infrastructure software has positioned it as a top pick in the semiconductor sector. Despite a slight dip in stock price after the latest earnings report, analysts see long-term value in Broadcom’s offerings and strategic direction.

Read more: Broadcom Gets Mixed Reactions As Modest Earnings Beat Sparks Profit-Taking