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Broadcom Profit Jumps 127% in Fiscal Q2, Revenue Rises 48%

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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.

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