Broadcom Tops Q2 Estimates with Strong AI Revenue Growth

Broadcom Inc. narrowly surpassed Wall Street expectations with fiscal Q2 earnings of $1.58 per share against a $1.56 forecast, while revenue reached $15 billion versus $14.99 billion estimates. The chipmaker's 20% annual sales growth underscores accelerating demand for semiconductor solutions.

Management raised Q3 guidance to $15.8 billion revenue, exceeding analyst projections. The company reported $4.4 billion in AI-related sales last quarter, with forecasts pointing to $5.1 billion in current period AI chip revenue as hyperscale cloud providers continue infrastructure investments.

Broadcom's semiconductor division saw 17% annual growth to $8.4 billion, driven by partnerships with major cloud platforms. This performance signals sustained enterprise demand for computing infrastructure amid the AI boom.