Broadcom Q2 Revenue Climbs 48% to $22.19B as AI Sales Double, Q3 Guidance Falls Short
Broadcom posted Q2 revenue of $22.19 billion, a 48% increase year-over-year, with AI semiconductors generating $10.8 billion, more than double last year’s level. Shares slid over 5% after the company issued third-quarter semiconductor guidance below investor forecasts.
1. Record Q2 Revenue and Earnings
Broadcom delivered second-quarter revenue of $22.19 billion, up 48% from a year earlier, marking its highest quarterly top line ever and posting record adjusted earnings.
2. AI Semiconductor Sales Surge
Sales of custom AI accelerators and AI networking chips more than doubled year-over-year to $10.8 billion, underlining rising demand for generative AI infrastructure components.
3. Q3 Guidance Disappoints, Shares Fall
Management projected third-quarter semiconductor revenue below investor forecasts, prompting a more than 5% slide in shares in after-hours trading.
