AICNBC2h ago
Broadcom reports Q3 revenue up 86% YoY
Broadcom reports Q3 revenue up 86% YoY to $29.59B, vs. $29.36B est., AI semiconductor revenue up 221% to $16.7B, and forecasts Q4 revenue below estimates
TL;DRBroadcom beat Q3 revenue targets but guided Q4 below expectations, disappointing investors.
Why it matters: Signals potential AI chip demand slowdown; Broadcom's outlook influences broader semiconductor sector sentiment.
Broadcom shares dropped 5% in extended trading on Wednesday after the chipmaker issued disappointing guidance for the current quarter.
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