Companies /Technology
Broadcom Inc
NASDAQ: AVGO Semiconductors
$376.51
▲ $0.70 (+0.19%) today
Markets closed · 2:29am ET

Broadcom (AVGO) Q3 2025 Earnings

Reported Sep 4, 2025, 4:19pm ET · SEC source
$1.69
Beat +1.60%
EPS · est. $1.66
$16.0B
Beat +0.82%
Revenue · est. $15.8B
−2.9%
Trailing market
AVGO vs S&P since report
10 quarters
Consecutive EPS beats

How Did AVGO Stock React to Q3 2025 Earnings?

% change · around the report
0+6%+12%+18%Sep 4Sep 5report 4:19pm ETearnings−0.5%+9.3%
0+6%+12%+18%Sep 4Sep 5earnings−0.5%+9.3%
AVGO +9.3%S&P 500 −0.5%
0+5%+10%+15%Sep 4Sep 5report 4:19pm ETearnings−0.1%+9.3%
0+5%+10%+15%Sep 4Sep 5earnings−0.1%+9.3%
AVGO +9.3%NASDAQ −0.1%
0+7%+14%+21%Sep 3Sep 12report 4:19pm ETearnings+1.3%+17.7%
0+7%+14%+21%Sep 3Sep 12earnings+1.3%+17.7%
AVGO +17.7%S&P 500 +1.3%
0+7%+14%+21%Sep 3Sep 12report 4:19pm ETearnings+1.9%+17.7%
0+7%+14%+21%Sep 3Sep 12earnings+1.9%+17.7%
AVGO +17.7%NASDAQ +1.9%
+9.41%
Day of report
+3.21%
Next session
+7.46%
One week
+0.45%
30 days

S&P 500 over the same 30 days: +3.38%.

Did AVGO Beat Earnings? Q3 2025 Results

Yes. Broadcom reported Q3 2025 earnings of $1.69 a share on Sep 4, 2025, beating the $1.66 consensus estimate by 1.6%. Revenue was $16.0B against a $15.8B estimate.

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.

Key Takeaways
  • AI revenue growth accelerated to 63% year-over-year to $5.2 billion
  • Continued strength in custom AI accelerators and networking
  • VMware subscription transition driving infrastructure software growth of 17% YoY
  • Strong operating leverage driving Adjusted EBITDA margin of 67%
  • Free cash flow up 47% year-over-year to a record $7.0 billion

“Broadcom achieved record third quarter revenue on continued strength in custom AI accelerators, networking and VMware. Q3 AI revenue growth accelerated to 63% year-over-year to $5.2 billion.”

Broadcom CEO, on the earnings call

What Was Broadcom's Outlook in Q3 2025?

Broadcom guided fourth quarter fiscal year 2025 revenue to approximately $17.4 billion, representing a 24% increase from the prior year period. Adjusted EBITDA is expected to be approximately 67% of projected revenue. The CEO specifically noted expectations for AI semiconductor revenue to accelerate to $6.2 billion in Q4, which would represent eleven consecutive quarters of AI revenue growth, as customers continue to strongly invest in AI infrastructure.

AVGO YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$5.0B$10.0B$15.0B$13.1B$16.0BRevenue$8.4B$10.7BGross Profit$3.8B$5.9BOperating Income$983.8M$4.1BNet Income
$0$5.0B$10.0B$15.0BRevenueGross ProfitOperating IncomeNet Income
AVGO income statement, Q3 2025 versus Q3 2024
Metric Q3 2025 Q3 2024 Year over year
Revenue $16.0B $13.1B +22.0%
Gross Profit $10.7B $8.4B +28.1%
Operating Income $5.9B $3.8B +55.4%
Net Income $4.1B $983.8M +320.8%

AVGO Revenue by Segment

Semiconductor Solutions$9.2B+26.0%
Infrastructure Software$6.8B+17.0%

Figures from SEC filings and company reports. Not investment advice.