Broadcom forecasts quarterly revenue above estimates
Broadcom has projected its third-quarter revenue to exceed Wall Street expectations, driven by strong demand for its AI chips and networking products. The company anticipates revenue of approximately $29.4 billion, surpassing the analysts' average estimate of $28.54 billion. This positive outlook reflects the growing market for advanced technology solutions.
- ▪Broadcom forecasts third-quarter revenue of about $29.4 billion.
- ▪Analysts had an average revenue estimate of $28.54 billion.
- ▪The increase is attributed to robust demand for custom AI chips and networking gear.
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