Broadcom Exceeds Expectations with Strong AI Chip Sales and Revenue Growth

The chipmaker reported a 25% revenue increase in Q1 and provided optimistic guidance for Q2, driven by surging demand for AI semiconductors and infrastructure software.

Broadcom's Q1 revenue reached $14.92 billion, a 25% year-over-year increase, surpassing Wall Street's $14.61 billion estimate.
Earnings per share for the quarter came in at $1.60, exceeding the consensus estimate of $1.49.
AI semiconductor revenue soared 77% year-over-year to $4.1 billion, with Q2 projections rising to $4.4 billion.
Infrastructure software revenue grew by 47% to $6.7 billion, reflecting Broadcom's diversified growth strategy.
Shares surged over 16% in after-hours trading following the announcement, highlighting investor confidence in the company's AI-driven growth trajectory.