The sign is published in front of the Broadcom office in San Jose, California, December 12, 2024.
Justin Sullivan Getty images
Broadcom Reported Earnings in the second quarter On Thursday, which overcame the expectations of Wall Street, and the chip producer provided solid tips for the current period.
Here's how the chipmaker did compared to Consense Consensus Estimates:
- Profit per share: USD 1.58 Corrected compared to USD 1.56
- Income: $ 15 billion compared to $ 14.99 billion expected
Broadcom said that he expected about $ 15.8 billion in revenues in the third quarter, compared to $ 15.7 billion expected by Wall Street analysts. Revenues in the last quarter increased by 20% over the past year.
The company stated that net income increased to USD 4.97 billion, i.e. USD 1.03 per share, from USD 2.12 billion, i.e. 44 cents per share, in period. The company introduced the division of shares 10 for 1 year ago.
Broadcom shares increased by 12% this year after double doubles last year in relation to the investor's optimism for non -standard company systems for artificial intelligence. In March, the general director of Broadcom, Hock Tan, said that he was developing AI systems with three large clients in the cloud.
“We are still making great progress in a long journey enabling our three clients and four potential customers to arrange custom AI accelerators,” Tan said, adding that the partners are “unwavering” in their plans to invest in AI infrastructure.
Broadcom said that in this quarter he has $ 4.4 billion revenues from AI, assigning sales to its network parts that combine complex server clusters.
Tan said in a statement that Broadcom is expecting $ 5.1 billion in sale of AI chips in the third quarter, adding that “hyperskalni partners are still investing.” He said that he expected that the company's growth would continue to the tax year 2026.
Hipperscalers are companies that build large cloud systems to rent their own customers. These include Amazon, Google and Microsoft.
This sales are reported to Solutions Solutions, which according to Streetaccount had an $ 8.4 billion revenues, which is an increase of $ 17% compared to last year and above USD 8.34 billion.
A company company, which covers VMware, increased by 25% year to $ 6.6 billion, beating Streetaccount estimates.
