Broadcom Exceeds Fiscal Q1 Expectations
The tech giant surpassed earnings and revenue expectations for the first quarter of its fiscal 2025, with robust growth in sales of AI semiconductor solutions and infrastructure software.
Broadcom (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.
