Related News

Shah Rukh Khan shows off his RIPPED body for ‘King’ as he dances to ‘Dard-e-Disco’ after 18 years |

Shah Rukh Khan has once again set the internet ablaze, this time by showing off his impressive physique while proving that he still has the moves and grooves to woo

8 fittest Indian cricketers in ICC Champions Trophy Finale

Ravindra Jadeja The ultimate all-rounder, Ravindra Jadeja is known for his extraordinary fitness levels. His ability to contribute with the bat, ball, and in the field makes him indispensable. Jadeja’s

Almond health benefits: 10 foods to pair with almonds to boost brain health properties

Dark chocolate and almonds Dark chocolate is rich in flavonoids, antioxidants, and caffeine, which improve focus, memory, and mood. When paired with almonds, which contain vitamin E and healthy fats,

10 most timeless lines from the shayaris of Jaun Elia

Syed Sibt-e-Ashgar Naqvi, popularly and lovingly known as Jaun Elia, is a man who has no rivals. A poet and shayar who wrote about love and existentialism, Elia’s work continues

10 foods to avoid if you have fatty liver disease

Avoiding specific foods is necessary in fatty liver disease treatment. Processed foods, high-fat foods, and sweets are unhealthy for the liver, but a healthy diet detoxifies, reduces fat storage, and

Trending News

Probe Agency Seizes Business Jet At Hyderabad Airport In “Ponzi Scam” Case

Hyderabad: The Enforcement Directorate has seized a business jet parked at the Hyderabad airport as part of a money laundering investigation against a Hyderabad-based company and its promoters who allegedly

Broadcom (AVGO) earnings report Q1 2025

Word Count: 331 | Estimated Reading Time: 2 minutes

Broadcom CEO Hock Tan.

Lucas Jackson | Reuters

Broadcom reported first-quarter earnings on Thursday that topped analysts’ expectations, and the chipmaker offered strong guidance for the current quarter. The stock rose 9% in extended trading.

Here’s how the company did versus LSEG consensus estimates:

Earnings per share: $1.60, adjusted, versus $1.49 expected
Revenue: $14.92 billion versus $14.61 billion expected

Broadcom said it expects about $14.9 billion in second-quarter revenue, higher than the $14.76 billion forecast by Wall Street analysts. Revenue in the last quarter rose 25% from $11.96 billion a year earlier.

The company said net income increased to $5.5 billion, or $1.14 per share, from $1.33 billion, or 28 cents per share, in the same period last year.

Broadcom’s artificial intelligence business is at the center of the company’s recent boom, which saw its stock price more than double last year. The company is one of the primary data center infrastructure vendors for AI, working both on Google’s custom AI chips as well as providing essential components for networking thousands of other chips together to develop advanced AI software.

Prior to the after-hours pop, the stock was down about 23% so far in 2025, as investors rotate out of risk partly due to concern about President Donald Trump’s tariffs.

Broadcom said it recorded $4.1 billion in AI revenue during the first quarter, which is 77% higher on a year-over-year basis. Those sales are reported as part of Broadcom’s semiconductor solutions business, which grew 11% on an annual basis to $8.21 billion during the quarter.

Broadcom CEO Hock Tan said in a statement that the company expects “continued strength in AI semiconductor revenue,” reaching a projected $4.4 billion in the second quarter.

In December, Broadcom said it was developing custom AI chips with three large cloud customers.

The other major part of Broadcom’s revenue comes from its infrastructure software division, which includes software from the company’s acquisition of VMware in the fourth fiscal quarter of 2023. Broadcom said it saw $6.7 billion in software sales during the quarter, a 47% increase on an annual basis.

WATCH: Chip stocks see strong performance punished by markets