Broadcom tops Q2 estimates as AI revenue swells; unveils 10-for-1 stock split
Investing.com -- Broadcom upgraded its annual revenue guidance after reporting Wednesday fiscal second-quarter results
Broadcom announced adjusted earnings per share of $10.96 on revenue of $12.49B. Analysts polled by Investing.com anticipated EPS of $10.85 on revenue of $10.85B. The beat on the top line was boosted by a record $3.1 billion in revenue from AI products during the quarter as infrastructure software revenue accelerated as businesses continue to adopt the"VMware (NYSE:Looking ahead, fiscal year 2024 revenue was guided to $51B, up from $50B previously.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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