Hock Tan, CEO Broadcom.
Lucas Jackson Reuters
Broadcom reported Earnings in the first quarter On Thursday, which exceeded the expectations of analysts, and the chipmaker offered strong tips for the current quarter. Actions increased by 16% in extended trade.
Here's how the company is estimated in compared to the LSEG consensus:
- Profit per share: $ 1.60 was expected compared to USD 1.49
- Income: Expected $ 14.92 billion compared to $ 14.61 billion
Broadcom said that he was expecting about $ 14.9 billion in revenues in the second quarter, higher than the forecasts of $ 14.76 billion by Wall Street analysts. Revenues in the last quarter increased by 25% from USD 11.96 billion a year earlier.
The company stated that net income increased to USD 5.5 billion, i.e. USD 1.14 per share, from USD 1.33 billion, i.e. 28 cents per share, in the same period last year.
Broadcom's Artificial Intelligence Business is located in the center of the company's recent boom, which last year recorded its price. The company is one of the main providers of data centers infrastructure for artificial intelligence, working on both non -standard AI Google systems, and provides necessary components to create thousands of other systems to develop advanced AI software.
Before the pop after hours, the shares fell by about 23% so far in 2025 President Donald Trump Tariffs.
Broadcom said that in the first quarter he recorded $ 4.1 billion revenues from AI, i.e. 77% higher during the year. This sales are reported as part of Broadcom Solutions Solutions, which increased by 11% to $ 8.21 billion during the quarter.
CEO of Broadcom, Hock Tan, said in a statement that the company is expecting “constant strength in AI semiconductors' revenues, reaching forecasted $ 4.4 billion in the second quarter.
In December, Broadcom said that he was developing non -standard AI systems with three large clients in the cloud. Tan said on Thursday that in addition to these clients, he “deeply got involved” with two other hyperstanists and cooperates with four other potential clients to develop their own non -standard AI systems.
Tan said that Broadcom strictly chooses partners to develop non -standard AI systems that can implement the resulting product in large quantities. “Simply put, we don't do it for startups,” said Tan.
The second main part of the Broadcom revenues comes from the infrastructure software department, which includes the software from the takeover by VMware in the fourth fiscal quarter of 2023. Broadcom said that during the quarter he saw $ 6.7 billion of software sales, which is an increase of 47%.
