Broadcom Profit Jumps 127% in Fiscal Q2, Revenue Rises 48%
Net income for Broadcom’s fiscal second quarter climbed 127% to $9.3 billion as revenue rose 48% year over year to $22.2 billion. GAAP operating margin expanded to nearly 49% as total operating expenses grew about 6%. Semiconductor operating income nearly doubled, while VMware-linked infrastructure software turned 9% revenue growth into 13% profit growth, helped by cost declines and strong AI accelerator demand.
Coverage (9)
- Broadcom AI Chip Revenue Soars 221% in Q3 (technology.org)
- Hock Tan Just Put a $230 Billion Number on Broadcom's 2028 AI Revenue. That Is 4 Times This Year's. (finance.yahoo.com)
- Broadcom's 2028 AI revenue outlook is what's really 'important' (finance.yahoo.com)
- Broadcom Falls 6% as Soft Guidance Overshadows 221% AI Revenue Surge; NVIDIA Inches Higher, AMD Slips (247wallst.com)
- Broadcom Falls 6% as Soft Guidance Overshadows 221% AI Revenue Surge; NVIDIA Inches Higher, AMD Slips (finance.yahoo.com)
- Broadcom Targets $230 Billion of AI Revenue by Fiscal 2028 (finance.yahoo.com)
- Broadcom Custom AI Chip Revenue Surges 221% to $16.7B, Q4 Guidance Disappoints (techtimes.com)
- Broadcom Q3 revenue jumps 86% to $29.6 billion (stocktitan.net)
- Broadcom Reports Wednesday. Its Profit Is Growing Nearly 4 Times as Fast as Its Revenue. (fool.com)