Broadcom Exceeds Fiscal Q1 Expectations
(NASDAQ:AVGO), a leading global technology company known for its semiconductor and infrastructure software solutions, released its fiscal 2025 first-quarter earnings on March 6. The company exceeded expectations with non-GAAP earnings per share (EPS) of $1.60 against the analysts' consensus prediction of $1.51. Revenue grew 25% year over year to $14.916 billion, outpacing estimates by $301 million. This robust performance reflected the strong demand for AI semiconductor solutions and infrastructure software.
Source: Analyst estimates provided by FactSet.
Broadcom is best known for its extensive array of semiconductor products, including solutions for networking, broadband, and wireless communication. Additionally, it provides infrastructure software solutions that facilitate efficient IT operations. Recently, Broadcom acquired VMware to enhance its software offerings.
Source Fool.com
Broadcom Ltd. Stock
The stock is one of the favorites of our community with 94 Buy predictions and 2 Sell predictions.
As a result the target price of 342 € shows a slightly positive potential of 14.77% compared to the current price of 298.0 € for Broadcom Ltd..
