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<Results>Broadcom AI Revenue Up 63% Last Quarter, Expected to Grow Extra US$1B This Quarter
Broadcom (AVGO.US) announced its third fiscal quarter results, with revenue growing by 22% YoY to US$15.96 billion, and adjusted EPS of US$1.69, surpassing the market expectation o...
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<Results>Broadcom AI Revenue Up 63% Last Quarter, Expected to Grow Extra US$1B This Quarter
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Broadcom (AVGO.US)      announced its third fiscal quarter results, with revenue growing by 22% YoY to US$15.96 billion, and adjusted EPS of US$1.69, surpassing the market expectation of US$1.66. The stock price mounted 3% in after-hours trading.

The AI-related business executed impressively, with third-quarter AI revenue rising 63% YoY to US$5.2 billion. It was expected that fourth-quarter AI revenue will further grow to US$6.2 billion.
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Related NewsISM Services PMI for Aug in United States is 52.0, higher than the previous value of 50.1. The forecast was 51.

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