Broadcom reported strong Q4 results, with revenue up 28% to $18.02 billion and adjusted earnings per share up 37% to $1.95. CEO Hock Tan confirmed big orders from Anthropic and new XPU customers. However, stock dropped 4.5% in after-hours trading due to concerns about future partnerships with Google and possible in-house chip development by customers. AVGO shares were up 75% YTD. Broadcom stock holds at 2 rating amid selloff, but price target raised to $425. Fiscal Q4 revenue in Semiconductor Solutions up 34.5% to $11.07 billion, exceeding expectations. AI semiconductor revenue surged 74%, AI networking strong with backlog over $10 billion. Infrastructure Software revenue up 19% to $6.9 billion, bookings strong at over $10.4 billion. Guidance for fiscal 2026 Q1 expects total revenue of $19.1 billion, with AI revenue doubling year-over-year to $8.2 billion. Adjusted EBITDA expected to be approximately 67% of projected revenue, at $12.78 billion.

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– Amazon reported a revenue of $125.56 billion in the first quarter, surpassing Wall Street’s expectations of $115.2 billion. The e-commerce giant also saw a 44% increase in profits, with earnings per share reaching $15.79.
– Apple announced a record-breaking revenue of $89.6 billion for the second quarter, fueled by strong iPhone sales and growth in its services and wearables segments. The tech giant also reported a net income of $23.6 billion.
– Google’s parent company, Alphabet, posted a revenue of $55.31 billion in the first quarter, exceeding analyst estimates of $51.7 billion. The tech giant’s advertising business saw a 32% increase in revenue, while its cloud division reported a 46% growth.: Broadcom stock reverses lower on a misinterpretation of what the CEO said on the earnings call