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<Results>Broadcom 4Q Results Beat, Forecasts AI Chip Sales to Double YoY This Qtr
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Broadcom (AVGO.US) has announced its 4Q results. Its net profit surged by 97% YoY to USD8.5 billion, with adjusted EPS at USD1.95, beating the expected USD1.86. The company also recorded a YoY growth of 28% in revenue to USD18 billion, exceeding the forecasted USD17.5 billion. CEO Hock Tan forecasts AI chip sales, including customized AI chips and chips used for AI networks, to double YoY this quarter, reaching USD8.2 billion. AAStocks Financial News |
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