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Broadcom Q2 AI results show revenue beat and capacity ramp for XPU demand

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Broadcom reported Q2 revenue of $29.59 billion versus $29.48 billion estimates, with adjusted operating income of $20.1 billion and a 53.9% operating margin. AI custom accelerators and AI networking revenue grew strongly, while enterprises seek private AI deployments. The company is ramping substrate manufacturing in Singapore and expanding optical component capacity, and launched an XPV financing platform with Apollo and Blackstone to support 20+ GW of compute for OpenAI and Anthropic by 2028.

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