Demand for AI and VMware Drives Broadcom's Growth
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The semiconductor group Broadcom published its results for the second quarter on Wednesday, June 12, beating analysts' estimates. Revenue climbed by 43% year-on-year to $12.49 billion. Net income amounted to $2.12 billion (GAAP) or $4.42 per share, compared to net income of $3.48 billion or $8.15 per share in the same period last year - (non-GAAP: $5.39 billion and $10.96 per share). The figures compared to LSEG's consensus estimates: Earnings per share (non-GAAP): $10.96 adjusted vs. $10.84 expected Revenue: $12.49 billion vs. $12.03 billion...
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