Broadcom reported fiscal Q2 earnings with revenue of $22.19 billion, slightly below the $22.27 billion expected, despite a 48% year-over-year increase driven by AI chip demand. Adjusted earnings per share beat estimates at $2.44 versus $2.40. AI-related revenue doubled to $10.8 billion, and the company expects it to triple to $16 billion next quarter. While semiconductor sales topped estimates, infrastructure software revenue fell short. Broadcom shares have surged nearly 40% this year amid growing interest in custom AI chips from major tech firms.
Broadcom Inc. reported a sixth consecutive earnings beat with 48% year-over-year revenue growth, driven by a 143% surge in its AI Semiconductor segment. The company projects Q3 revenues of $29.4 billion, implying 84% growth and over 200% expansion in...
Broadcom reported a record $22.19 billion in Q2 revenue, driven by a 143% surge in AI semiconductor sales to $10.8 billion. Adjusted earnings per share rose 54% to $2.44, beating estimates. However, shares fell over 5% after the company forecasted Q3...
Broadcom reported a strong Q2 fiscal 2026 with revenue rising 48% year-over-year to $22.2 billion, fueled by a 143% surge in AI semiconductor sales to $10.8 billion. Net income nearly doubled to $9.3 billion, with adjusted EBITDA reaching $15.2 billi...
The S&P 500 has surged nearly 20% in nine weeks, but its nine-day winning streak may face a test as Broadcom and Crowdstrike report earnings after the bell. Broadcom, a chipmaker and software provider with a market cap over $2 trillion, has outperfor...
US stock futures showed mixed movements following a record close, with the Dow Jones and S&P 500 slightly down and Nasdaq 100 nearly flat. Heightened Middle East tensions escalated after the US military struck an Iranian control station in retaliatio...
