Broadcom (AVGO) on Thursday reported record quarterly sales as demand for its AI offerings surged, the latest indication of sustained growth associated with the emerging technology.
The chipmaker posted adjusted earnings per share of $1.69 on revenue that jumped 22% year-over-year to a record $15.95 billion in its fiscal third quarter. Both the revenue and EPS topped analysts’ estimates compiled by Visible Alpha.
Broadcom’s AI revenue jumped 63% to $5.2 billion. CEO Hock Tan said the company expects AI semiconductor revenue could climb to $6.2 billion in the current quarter, “delivering eleven consecutive quarters of growth, as our customers continue to strongly invest.”
The company forecast fiscal fourth-quarter revenue of $17.4 billion, slightly above the Wall Street consensus.
The results mark the latest in a string of reports from chipmakers pointing to strong sustained demand for AI hardware following earnings from Nvidia (NVDA) last week, and Advanced Micro Devices (AMD) last month. Rising expectations heading into the reports and worries about headwinds from China trade restrictions, however, weighed on their shares after the results.
Broadcom shares were little changed in after-hours trading. They’ve added nearly a third of their value in 2025 through Thursday’s close, rising steadily since early April lows.