Broadcom slips even as Q3 results, guidance top expectations
Sep. 04, 2025 4:25 PM ET
By: Chris Ciaccia, SA News Editor
Broadcom (NASDAQ: AVGO) shares fell around 1.5% in extended trading on Thursday, even as the software and semiconductor giant posted third-quarter results and guidance that topped/missed expectations.
For the period ending Aug. 3, Broadcom said it earned an adjusted $1.69 per share as revenue rose 22% year-over-year to come in at $15.95B. Included in that was $9.17B from semiconductor solutions and $6.79B from its infrastructure software segment, which includes VMWare.
Analysts were expecting the Hock Tan-led company to earn $1.67 per share and generate $15.84B in revenue.
“Broadcom achieved record third quarter revenue on continued strength in custom AI accelerators, networking and VMware,” Tan said in a statement. Revenue related to artificial intelligence surged 63% year-over-year to $5.2B, Tan added.
Competitor Marvell ( MRVL) also fell slightly in late trading after Broadcom's results.
Looking ahead to the fourth-quarter, Broadcom expects revenue to be approximately $17.4B, including $6.2B in semiconductor revenue. Its adjusted EBITDA margin is expected to be 67% of revenue. Analysts were expecting $17.01B in sales.
In conjunction with the quarterly results, Broadcom (NASDAQ: AVGO) also declared its quarterly dividend of $0.69 per share.
The company will hold a conference call at 5 p.m. EST to discuss the results. |
