Broadcom Inc

Broadcom delivered a record-setting fiscal third quarter, with results that cleared Wall Street's bar on both top and bottom lines as <a href="https://247wallst.com/investing/2025/09/04/live-complete-coverage-of-broadcom-avgo-earnings-tonight/">investors watched closely</a> heading into the print. The chipmaker posted earnings of $1.69 per share against a consensus estimate of $1.66, a beat of 1.60%, while revenue came in at $15.95 billion, ahead of the $15.82 billion estimate by 0.82% and up 22% from the year-ago period. The headline driver was unmistakably AI: revenue from artificial intelligence products accelerated 63% year-over-year to $5.20 billion, fueled by surging demand for custom AI accelerators and networking silicon from hyperscale data center customers. Free cash flow reached a record $7.02 billion, representing 44% of revenue, underscoring the operating leverage the company is extracting from both its semiconductor segment and the ongoing VMware subscription transition. Looking ahead, Broadcom guided Q4 revenue to approximately $17.40 billion, implying 24% year-over-year growth, with CEO Hock Tan projecting AI semiconductor revenue to accelerate further to $6.20 billion, which would mark eleven consecutive quarters of AI revenue expansion. Analysts have since revised fair value estimates meaningfully higher in response to the results.