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Technology Stocks : ASML Holding NV
ASML 1,017-1.1%Nov 7 9:30 AM EST
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From: BeenRetired9/6/2024 7:44:14 AM
1 Recommendation

Recommended By
Tobias Ekman

   of 42355
 
AVGO 2Q24 CC:

In aggregate, we have reached bottom in our non-AI markets and we're expecting a recovery in Q4. AI demand remains strong, and we expect, in Q4, AI revenue to grow sequentially 10% to over $3.5 billion. This will translate to AI revenue of $12 billion for fiscal '24, up from our prior guidance of over $11 billion. Putting it all together with software, here's our forecast for Q4.

We expect Q4 semiconductor revenue of approximately $8 billion, up 9% year on year. For infrastructure software, we expect revenue to be about $6 billion. So, we are guiding Q4 consolidated revenue to be approximately $14 billion, which is up 51% year on year. We also expect this will drive Q4 consolidated adjusted EBITDA to achieve approximately 64% of revenue.
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