Chipmaker Broadcom raises annual revenue forecast
- Broadcom increased its fiscal-year 2024 revenue guidance from about $50 billion to $51 billion. Analysts expect full-year revenue to reach around $50.42 billion, according to Benzinga Pro.
- Management will conduct a conference call at 5 p.m. ET to address these quarterly results.
12 Articles
12 Articles
Chipmaker Broadcom raises annual revenue forecast, unveils stock split
(Reuters) – Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure. Shares of the Palo Alto, California-based company, which also unveiled a stock split, rose more than 9% in extended trading. The company will carry out a 10-for-1 forward stock split, effective after markets close on …
Broadcom Q2 Earnings: Revenue, EPS Beat Driven By Strong AI Demand, Guidance Raise, Stock Split And More - Broadcom (NASDAQ:AVGO)
Broadcom Inc (NASDAQ:AVGO) reported second-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the quarter. Q2 Earnings: Broadcom reported second-quarter revenue of $12.487 billion, beating analyst estimates of $12.028 billion, according to Benzinga Pro. The semiconductor company reported second-quarter earnings per share of $10.96, beating analyst estimates of $10.84. Broadcom has now beat EPS es…
Chipmaker Broadcom raises annual revenue forecast
Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure.
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