Broadcom Inc. reported strong financial results for its first fiscal quarter of 2025, with net revenue reaching $14.92 billion, a 25% increase year-over-year, surpassing analyst expectations of $14.61 billion. Adjusted earnings per share were $1.60, exceeding the $1.49 consensus estimate.
Net income for the quarter significantly increased to $5.5 billion, or $1.14 per share, compared to $1.33 billion, or 28 cents per share, in the prior year. AI revenue continued its robust growth, reaching $4.1 billion, a 77% increase year-over-year.
The Semiconductor Solutions business grew 11% to $8.21 billion, while the Infrastructure Software division saw a 47% increase to $6.7 billion. Broadcom provided optimistic guidance for the second fiscal quarter of 2025, projecting revenue of approximately $14.9 billion, above the $14.76 billion forecast.
CEO Hock Tan stated expectations for "continued strength in AI semiconductor revenue," forecasting $4.4 billion in Q2. He also revealed that Broadcom is "deeply engaged" with two additional hyperscalers and working with four other potential customers for custom AI chips, expanding its AI customer base.
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