| | | Broadcom beats by $0.09, beats on revs; guides Q2 revs above consensus
4:18 PM ET 3/6/25 | Briefing.com
Reports Q1 (Jan) earnings of $1.60 per share, excluding non-recurring items, $0.09 better than the FactSet Consensus of $1.51; revenues rose 24.7% year/year to $14.92 bln vs the $14.62 bln FactSet Consensus. Co issues upside guidance for Q2 (Apr), sees Q2 revs of approximately $14.90 vs. $14.71 bln FactSet Consensus.Co added, "Broadcom's record first quarter revenue and adjusted EBITDA were driven by both AI semiconductor solutions and infrastructure software. Q1 AI revenue grew 77% year-over-year to $4.1 billion and infrastructure software revenue grew 47% year-over-year to $6.7 billion. We expect continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers."
Broadcom jumping by 10% following upbeat JanQ results, surging AI demand; lifting many semiconductor peers
5:10 PM ET 3/6/25 | Briefing.com
Notable gainers: MPWR +1.5%, MU +1.3%, TSM +1.1%, MRVL +1.0%, NVDA +1.0% |
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