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On December 12, 2024, the sign was placed in front of Broadcom office in San Khase, California.
Justin Sullivan | Gets the image
Broadcom report Profit in the second quarter On Thursday, which won Wall -Rate expectations, and the chips manufacturer provided reliable recommendations for the current period.
Here’s how the chips made compared to the LSEG consensus estimate:
- Profit per share: 1.58 dollars adjusted from $ 1.56, expected
- Income: 15 billion dollars vs. $ 14.99 billion expected
Broadcom said he expects about $ 15.8 billion in profits in the third quarter, against $ 15.70 billion who are waiting for Wall Street analysts. Revenue in the last quarter increased by 20% annually.
The company said net income increased to $ 4.97 billion, or $ 1.03 per share, with 2.12 billion, or 44 cents per share, in the period of the year. The company started shares 10 a year ago.
This year, Broadcom shares increased by 12% after more than doubled the investor optimism for custom -based chips for artificial intelligence last year. In March, Broadcom CEO Hock Tan said he was developing AI chips with three big cloud clients.
“We continue to make excellent progress in the long way to allow our three customers and four prospects to deploy AI accelerators,” said Tan, adding that partners “unwavering” in their plans to invest in AI infrastructure.
Broadcom noted that he had $ 4.4 billion in the quarter of AI, which explains the sales of its network parts connecting complex server clusters.
In a statement, Tan said that in the third quarter Broadcom was waiting for $ 5.1 billion on sale of AI chips, adding that “Hyperscale Partners continues to invest”. Tan said he expects the AI company to continue through the fiscal 2026.
Hyperscalers are companies that create large cloud systems to rent their own customers. These include Amazon, Google and Microsoft.
These sales are reported in the business Semiconductor Solutions, which for the quarter had $ 8.4 billion, which is 17% compared to last year and above $ 8.34 billion, analysts reports.
The company’s software business, which includes VMware, has increased by 25% compared to last year to $ 6.6 billion, beating out a streetarcount estimate.
