Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts’ expectations.
Adjusted earnings rose sharply to $1.95 per share in the fourth quarter from $1.42 per share in the prior-year period, beating estimates. On an unadjusted basis, net income was $8.52 billion or $1.74 per share in Q4, vs. $4.32 billion or $0.90 per share in the fourth quarter of 2024.
Fourth-quarter revenues were $18.0 billion, compared to $14.1 billion in the corresponding quarter a year earlier. Revenues came in above analysts’ forecasts.
Broadcom’s CEO Hock Tan said, ” In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year. We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches.”
The post AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
