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Broadcom forecasts $14.9b revenue on strong AI chip demand
Broadcom Inc., a chipmaker for major tech companies including Apple, projects revenue of approximately US$14.9 billion for the quarter ending May 4.
This forecast exceeds analysts’ average estimate of US$14.6 billion, suggesting ongoing demand for AI-related technology.
In its first quarter, Broadcom reported revenue of US$14.92 billion, a 25% increase, with earnings of US$1.60 per share, excluding certain items.
Broadcom’s semiconductor division, which includes custom AI chip designs for data centers, generated US$8.21 billion in revenue this quarter, reflecting an 11% increase.
CEO Hock Tan noted that AI-related sales are expected to reach US$4.4 billion this quarter, contributing significantly to growth.
Recent Broadcom developments
| Timeline |
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04-Mar-2025 🖥️ Nvidia, Broadcom test Intel’s 18A chip process, sources say
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17-Feb-2025 🤝 Broadcom, TSMC reportedly exploring deals to split Intel
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18-Dec-2024 📉 Nvidia shares enter correction, Broadcom’s face decline
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14-Dec-2024 🚀 Chipmaker Broadcom’s shares up over 24% amid AI sales boom
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| 13-Dec-2024 🔌 Apple nears in-house bluetooth, Wi-Fi chip for smart home |
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