On December 12, 2024, a sign in front of a Broadcom office in San Jose, California, will be published.
Justin Sullivan | Getty pictures
Broadcom On Thursday, the profits reported in the second quarter, which defeated the Wall Street expectations, and the chip maker gave a robust guide for the current period.
Here you can find out how the chip maker against LSEG consensus estimates was carried out:
- Win each share: 1.58 USD expected compared to USD 1.56
- Revenue: 15 billion US dollars expected compared to $ 14.99 billion
Broadcom expects sales of around $ 15.8 billion to be expected in the third quarter compared to $ 15.70 billion from Wall Street analysts. Sales in the last quarter increased by 20%annually.
The company stated that the net profit rose to $ 4.97 billion or $ 1.03 per share of USD $ 2.12 or 44 cents per share in the previous year. The company shared a 10-by-1 shares a year ago.
The Broadcom shares rose by 12% this year after it had more than doubled last year to double the investor optimism for the user -defined chips for the company's artificial intelligence. In March, Hock Tan, CEO of Broadcom, said to develop AI chips with three large cloud customers.
“We continue to make excellent progress on the multi -year journey to enable our three customers and four potential customers to use custom AI accelerators,” said Tan, adding that the partners are “unshaky” in their plans to invest in the AI infrastructure.
Broadcom said that it had 4.4 billion US dollars in AI in the quarter, which attributed the sales to its network parts, which connected the complicated server cluster.
In an explanation, Tan said that Broadcom was expecting sales of AI chips of 5.1 billion US dollars in the third quarter, and added that the company's “hyperscale partner will continue to invest”. Tan said he expected the company's AI growth to continue through the company's 2026 financial year.
Hyperskallers are companies that build large cloud systems to rent them to their own customers. These include Amazon, Google and Microsoft.
These sales are reported in the company's Semiconductor Solutions business, which was in sales of $ 8.4 billion in the quarter, an increase of 17% compared to the previous year and according to StreetCcount over 8.34 billion US dollar -analyst estimates.
The company's software business, which includes VMware, rose by 25% to $ 6.6 billion compared to the previous year and exceeded the street account estimate.
Comments are closed.