Broadcom Tops Q2 Forecast as AI Chip Revenue Soars
The company sees AI sales climbing to $5.1 billion in Q3 after a 46 percent year-over-year increase in the latest quarter
Overview
- Broadcom reported Q2 FY2025 revenue of $15 billion, surpassing analyst estimates.
- AI semiconductor sales grew 46 percent year-over-year to $4.4 billion, accounting for more than half of total revenue.
- The company expects AI revenue to reach $5.1 billion in Q3, driven by its custom silicon division’s expansion.
- Broadcom has deepened collaborations with major hyperscalers, including OpenAI and Apple, on advanced chip development.
- Analysts have raised price targets on Broadcom shares, citing its leadership in AI infrastructure and networking products.