Broadcom Inc
- Broadcom Inc. fell 0.7% to $332.41 despite the provider of semiconductor and infrastructure software solutions’ net income swinging to a profit from a year ago in the fiscal third quarter.
Consolidated revenue inched higher to $15.95 billion from $13.07 billion, net income swung to a profit of $4.14 billion from a loss of $1.88 billion, and diluted earnings per share rose to an income of 85 cents from a loss of 40 cents a year ago.
The company's board declared a cash dividend of $0.59 per share, payable on September 30 to shareholders on record on September 22.
During the third quarter, Broadcom returned $2.8 billion to shareholders through cash dividends.
The company estimated fiscal fourth-quarter revenue of approximately $17.4 billion and adjusted EBITDA to be approximately 67% of projected revenue.
"Broadcom achieved record third-quarter revenue, driven by continued strength in custom AI accelerators, networking, and VMware," said Hock Tan, president and chief executive officer.
AI revenue in Q3 grew 63% year-over-year to $5.2 billion.
We expect this growth to accelerate further in the fourth quarter, with AI semiconductor revenue projected to reach $6.2 billion—marking eleven consecutive quarters of growth, as our customers continue to invest aggressively.”
Sep 5, 2025
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