Broadcom reported strong fourth-quarter results, with earnings per share of $1.95 and revenue of $18.02 billion, beating analyst estimates. The company forecasts a 28% year-over-year revenue growth to $19.1 billion in the fiscal first quarter, driven by AI chip sales expected to double to $8.2 billion. The stock rose 3% in extended trading. CEO Hock Tan expects increased demand for custom AI chips to boost sales. The company’s revenue grew 28% in the quarter, with AI chip sales up 74%. Infrastructure software sales also grew 26%. Broadcom also announced a partnership with OpenAI to develop custom chips.

Read more at CNBC: Broadcom (AVGO) Q4 earnings 2025