Broadcom Inc. (AVGO) is set to report its fiscal third quarter results after market hours on September 2. Analysts project earnings of $3.22 per share, marking a 90% increase from $1.69 in the same period last year. Quarterly revenue is expected to reach $29.47 billion, up nearly 85% from $15.95 billion a year prior, aligning with management’s guidance.
Broadcom’s growth is heavily driven by its AI semiconductor segment, with revenue anticipated to exceed $16 billion in Q3, reflecting a growth of over 200% year-over-year. The revenue from its custom AI accelerators and networking portfolio positions it strongly in the competitive AI market.
Additionally, Broadcom’s acquisition of VMware in 2023 is contributing to its software revenue, with infrastructure software revenues projected to rise 31% to $8.9 billion in Q3. The company’s ongoing partnerships with industry leaders such as Meta Platforms and Google further enhance its visibility and potential growth in AI infrastructure spending.
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