| | | 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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