Broadcom Reports Record Q2 Revenue Driven by Strong AI Semiconductor Demand
Broadcom reported record fiscal second-quarter revenue of $22.2 billion, up 48% year over year, driven primarily by surging demand for its AI semiconductors which reached $10.8 billion in revenue (up 143%). The company raised its outlook sharply and now expects $56 billion in AI semiconductor revenue for the full fiscal year.
Tickers: $AVGO
Topics: AI free cash flow operating margin revenue growth semiconductors