Broadcom Reports AI-Fueled Sales Growth
Here's our initial take on 's (NASDAQ: AVGO) fiscal 2025 second-quarter financial report.
For its fiscal second quarter, Broadcom beat expectations (slightly) on both the top and bottom lines. Revenue for the semiconductor chip and software developer grew 20% year over year to just over $15 billion, and the company produced $4.97 billion of new income. On an adjusted basis, Broadcom generated $1.58 in earnings per share, a penny ahead of estimates.
Looking beyond the headlines, the numbers look solid. Broadcom produced $6.4 billion in free cash flow, a stellar 43% margin and an all-time high for the company. Management bought back $4.2 billion in stock. When it comes to guidance, that was a positive story as well. Broadcom is projecting $15.8 billion in revenue for the third fiscal quarter, slightly ahead of what analysts had been looking for.
Source Fool.com
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