Broadcom is scheduled to report its fiscal second-quarter results after the market closes on Thursday. Analysts expect revenue of USD 15.02 billion, compared to USD 12.5 billion in the same period last year, and adjusted net income of USD 7.8 billion, up from USD 5.39 billion a year ago. AI-related revenue is projected to rise 42% year-over-year and 7% quarter-over-quarter. The rising revenues are primarily driven by robust demand for AI chips.
Over the past 12 months, Broadcom’s stock has surged more than 83%—a clear sign of the company’s strong position in the semiconductor market.
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