Broadcom (AVGO) on Thursday posted record quarterly revenue, thanks in part to growth in AI semiconductor revenue.
The chipmaker reported fiscal second-quarter revenue of $15 billion, up 20% year-over-year and roughly in line with the analyst consensus from Visible Alpha. Its adjusted net income of $7.79 billion, or $1.58 per share, rose from $5.39 billion, or $1.10 per share, in the year-ago quarter, also meeting expectations.
The gains came as Broadcom’s AI revenue jumped 46% to $4.4 billion, “driven by robust demand for AI networking,” CEO Hock Tan said.
Looking ahead, Tan said the company anticipates AI revenue could climb to $5.1 billion in Broadcom’s fiscal third quarter. The company forecast total revenue of $15.8 billion, matching the Wall Street consensus.
Broadcom shares declined about 2% in after-hours trading after nearing a record high during Thursday’s regular session. The stock has added about 12% for 2025 through Thursday’s closing bell.
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