Broadcom Drops 3.45% Despite Strong Q2 Earnings
Before the BellFriday, Jun 6, 2025 4:13 am ET
1min readOn June 6, 2025, Broadcom's stock experienced a 3.45% drop in pre-market trading.
Broadcom, a key player in the AI hardware ecosystem, has reported a strong second quarter with revenue of $150 billion, slightly exceeding analyst expectations of $149.6 billion. The company's adjusted earnings per share were $1.58, surpassing the $1.56 expected by analysts. This performance was driven by a 16.7% increase in revenue from its semiconductor solutions for data centers and networks, reaching $84.1 billion. The company's AI semiconductor revenue grew by 46%, while traditional semiconductor revenue declined by 5%.
Looking ahead,
has forecasted third-quarter revenue of $158 billion, with AI semiconductor revenue expected to reach $51 billion, marking ten consecutive quarters of growth. The company's infrastructure software business is also expected to grow, with revenue projected at $67 billion. However, the stock's decline in pre-market trading suggests that investors may have been expecting more from the company's performance.
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
Comments
No comments yet