Broadcom reports Q3 revenue up 86% YoY to $29.59B, vs. $29.36B est., AI semiconductor revenue up 221% to $16.7B, and forecasts Q4 revenue below estimates (Jordan Novet/CNBC)
Broadcom’s AI chip sales carried the quarter, but its outlook landed short.
Q3 revenue rose 86% year over year to $29.59B, ahead of the $29.36B estimate. AI semiconductor revenue jumped 221% to $16.7B. The company’s Q4 revenue forecast came in below estimates. Techmeme's note
Q3 revenue rose 86% year over year to $29.59B, ahead of the $29.36B estimate. AI semiconductor revenue jumped 221% to $16.7B. The company’s Q4 revenue forecast came in below estimates. Techmeme's note
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