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Broadcom Reports Strong Q3 Results Amid AI Demand
Broadcom (NASDAQ: AVGO) announced record third-quarter revenue of $15.95 billion for fiscal 2025, ending August 3, representing a 22% year-over-year increase. Adjusted earnings per share rose 36% to $1.69, surpassing analyst expectations of $1.66. The company’s AI-centric revenue significantly contributed, jumping 63% year over year to $5.2 billion, marking its 10th consecutive quarter of growth driven by AI.
CEO Hock Tan also provided an optimistic fourth-quarter forecast, projecting revenue of $17.4 billion, up 24% compared to the prior year, exceeding analyst expectations of $17.01 billion. Broadcom’s backlog reached $110 billion, fueled by increasing demand, including from a new qualified customer for custom AI accelerators.
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