Broadcom's shares fell over 6% after the company forecasted fiscal Q4 revenue of $34.8 billion, below Wall Street's $35.03 billion estimate. This overshadowed a strong Q3 performance where revenue rose 86% year-over-year to $29.6 billion, driven by a 221% surge in AI semiconductor sales to $16.7 billion. Adjusted EPS beat estimates at $3.32, up 96% from last year. The company expects Q4 AI semiconductor revenue to reach $21.7 billion, with non-GAAP operating income around 66% of revenue. Despite the guidance miss, demand for Broadcom's custom AI chips remains robust, supported by strong free cash flow and operating income growth.
Broadcom Inc. reported strong fiscal Q3 results, surpassing revenue estimates with an 86% increase driven by semiconductor solutions, which now make up 70% of its revenue. The company benefits from demand for custom AI accelerators and networking pro...
Broadcom Inc. reported a robust Q3 with earnings per share up 96% and revenue rising 86%, driven by a 221% surge in AI semiconductor sales and 30% growth in infrastructure software. Despite these strong results, the stock price fell after earnings, p...
JPMorgan's JEPI ETF offers an 8.33% yield mainly from option premiums and large-cap stocks, but in taxable accounts, most distributions are taxed as ordinary income, not at the lower qualified dividend rate. This results in a significant tax penalty—...
Broadcom reported fiscal third-quarter earnings and revenue above analysts' expectations, with earnings per share at $3.32 and revenue of $29.59 billion. However, the company issued a disappointing revenue forecast for the fiscal fourth quarter, expe...
Broadcom reported strong Q3 fiscal 2026 results with revenue rising 86% year-over-year to $29.6 billion, led by a 221% surge in AI semiconductor revenue. Operating income and net income also more than doubled, reflecting robust demand for AI accelera...
