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David Paul Morris \/ Bloomberg \/ Getty Images<\/p>\n
Broadcom shares have added nearly a third of their value in 2025 through Thursday’s close. <\/p>\n
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.<\/p>\n
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.<\/p>\n
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,\u00a0as our customers continue to strongly invest.”<\/p>\n
The company forecast fiscal fourth-quarter revenue of $17.4 billion, slightly above the Wall Street consensus.<\/p>\n
The results mark the latest in a string of reports from chipmakers pointing to strong sustained demand for AI hardware following earnings from\u00a0Nvidia<\/a>\u00a0(NVDA) last week, and\u00a0Advanced Micro Devices<\/a>\u00a0(AMD<\/a>) last month. Rising expectations heading into the reports and worries about headwinds from China trade restrictions, however, weighed on their shares after the results.<\/p>\n Broadcom\u00a0shares 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.<\/p>\n