Broadcom’s current quarter sales guidance came in below expectations, with its stock falling in after-hours trading.
1 days ago
Broadcom’s adjusted net revenue for its third fiscal quarter reached $29.59 billion, beating analysts’ consensus estimate of $29.45 billion. Semiconductor solutions revenue for the same quarter came in at $20.84 billion, exceeding the forecast of $20.51 billion. AI semiconductor revenue hit $16.7 billion, versus analysts’ expectation of $15.93 billion. Adjusted earnings per share (EPS) for the third quarter stood at $3.32, outperforming the $3.23 consensus estimate. Broadcom projects its fourth fiscal quarter revenue will be around $34.8 billion, while analysts had forecast $35.05 billion. According to market data from BIT (bit.com), Broadcom (AVGO) saw its U.S. stock drop by over 6% in after-hours trading, with the decline narrowing to 1.35%.
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