Broadcom Q4 Revenue Climbs 28% to $18.02 B, AI Backlog Hits $73 B
Broadcom reported Q4 FY2025 revenue of $18.02 billion, up 28.2% year-over-year, with non-GAAP EPS of $1.95, up 37.3%. AI semiconductor and infrastructure revenues climbed 65% to $20 billion, supported by a $73 billion AI-related order backlog, including $10 billion for 102 Tbps switches.
1. Q4 FY2025 Financial Performance
Broadcom delivered revenue of $18.02 billion in the fourth quarter of fiscal 2025, marking a 28.2% increase year-over-year. Non-GAAP earnings per share rose 37.3% to $1.95, driven by robust demand across networking and custom ASIC segments.
2. AI Revenue Surge and Backlog
The company’s AI semiconductor and infrastructure revenue grew 65% year-over-year to $20 billion. Broadcom reported a $73 billion AI-related order backlog in Q4, including $10 billion for 102-terabit-per-second Tomahawk 6 switches, with AI revenues expected to double to $8.2 billion in Q1 FY2026.
3. Product Innovation and Valuation Outlook
Broadcom recently launched Brocade X8 Directors and the 56-port G820 128G Fibre Channel switch to address enterprise AI workloads. The stock trades at a forward P/E of 28.66 with consensus EPS growth of 49.9% for FY2026 and a long-term rate of 35.66%.