Broadcom Hock Tan CEO.
Lucas Jackson Reuters
Broadcom I mentioned The profits of the third financial quarter That won the expectations and provided strong guidelines for the current quarter. The stock has been changed slightly in the extended trading.
Here is how the chips maker did for the estimates of the LSEG consensus:
- Arrow’s profits: $ 1.69, amendment, against $ 1.65 expected
- profit: 15.96 billion dollars for 15.83 billion dollars expected
Broadcom said it expected $ 17.4 billion of the fourth quarter revenue, which is higher than $ 17.02 billion expected by Wall Street analysts. In revenues in the third quarter increased by 22 % on an annual basis.
The company told a net income of $ 4.14 billion, or 85 cents per share, after registering a net loss before 1.88 billion dollars, or 40 cents per share. Loss in A period of one year It was due to a one -time tax rule of $ 4.5 billion, which resulted in the transfer of the intellectual property company to the United States
Broadcom develops dedicated chips for Google Other cloud companies, as well as parts of the networks and programs needed to connect thousands of artificial intelligence chips together.
Broadcom shares increased by 32 % for this year as of the closure of Thursday and doubled over the past 12 months, which led to the market market in the company of $ 1.4 trillion.
Investors are optimistic that the assigned company chips may threaten in the coming years Nafidia The stake in the dominant market in artificial intelligence chips. In March, the CEO of Broadcom Hock Tan said that the company is developing new AI chips with three large cloud clients, and he said that AI’s growth will continue for the company until next year.
Tan has strengthened the growth of revenues in the third quarter of the company to custom speed AI, network spare parts and its VMWare software. Artificial intelligence revenues jumped by 63 % in the period to $ 5.2 billion, overcoming the company’s previous prediction of $ 5.1 billion.
Tan said he expected artificial intelligence revenues to reach $ 6.2 billion in this quarter.
The company said that its sales of chips, which were reported as semiconductor solutions, rose 57 % to 9.17 billion dollars. In revenues in Broadcom’s infrastructure programs, which include VMware, increased by 43 % to $ 6.79 billion.
He watches: NVIDIA has the best percentage of revenue from artificial intelligence

https://image.cnbcfm.com/api/v1/image/105018157-RTX4WGMG.jpg?v=1725569568&w=1920&h=1080
Source link