Broadcom reported second quarter revenue of $22.19 billion, an increase of 48% year-over-year, with non-GAAP EPS of $2.44. These results surpassed consensus analyst expectations for both revenue and earnings. The company also issued a strong third-quarter outlook, forecasting revenue of approximately $29.4 billion, representing 84% year-over-year growth.
Key Highlights
- Semiconductor revenue from AI reached $10.8 billion, a 143% increase year-over-year, driven by demand for custom AI accelerators and networking chips.
- The Semiconductor Solutions segment delivered revenue of $15.0 billion, up 79% from the prior year, while Infrastructure Software revenue grew 9% to $7.2 billion.
- Broadcom guided for third quarter revenue of $29.4 billion and expects AI semiconductor revenue growth to accelerate to over 200% year-over-year, reaching $16.0 billion.