A mark is published in front of the Broadcom office in San Jose, California, on December 12, 2024.
Justin Sullivan Gety pictures
Broadcom I mentioned The second quarter profits On Thursday, which won the expectations of Wall Street, and the chip maker provided strong instructions for the current period.
Here is how the chips maker did for the estimates of the LSEG consensus:
- Arrow’s profits: $ 1.58 rate for $ 1.56 expected
- profit: 15 billion dollars for 14.99 billion dollars expected
Broadcom said it expected about $ 15.8 billion in the revenue of the third quarter, compared to $ 15.70 billion by Wall Street analysts. Revenue in the last quarter increased by 20 % on an annual basis.
The company said that net income rose to $ 4.97 billion, or $ 1.03 per share, from 2.12 billion dollars, or 44 cents per share. The period of time in the year. The company placed a division of 10 for 1 year ago.
Broadcom shares increased by 12 % this year more than twice last year since the investor optimistic about the company’s artificial intelligence chips. In March, the CEO of Broadcom Hock Tan said he is developing artificial intelligence chips with three large cloud clients.
“We are still making excellent progress on a multi -year journey to enable our three customers and four prospects for the deployment of custom accelerators,” Tan said, adding that the partners are “fixed” in their plans to invest in infrastructure Amnesty International.
Broadcom said it had received $ 4.4 billion of artificial intelligence revenues during the quarter, attributing sales to their spare parts that link complex servers groups.
Tan said in a statement that Broadcom expects 5.1 billion dollars in sales of artificial intelligence chips in the third quarter, adding that “the continuing Hyperscale partners in the company continue to invest.” Tan said that the company will continue to grow in the company’s 2026 financial company.
Excessive numbers are companies that build large cloud systems to rent their customers. It includes Amazon, Google and Microsoft.
Those sales were reported at the company’s semiiconductor solutions, which achieved $ 8.4 billion in revenue during this quarter, an increase of 17 % over last year, and more than $ 8.34 billion for the analyst, according to Street Account.
The company’s software, which includes VMWARE, has grown by 25 % year on an annual basis to $ 6.6 billion, overcoming street estimates.
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