/cloudfront-us-east-1.images.arcpublishing.com/morningstar/ZUOX2QPWBJFGPMUOTXHPBS7KIE.jpg?w=1024&resize=1024,1024&ssl=1 "Broadcom Earnings: AI Is Now More than a Quarter of Total Revenue")
Key Morningstar Metrics for Broadcom
What We Thought of Broadcom’s Earnings
Broadcom’s AVGO fiscal first quarter beat management guidance. Revenue rose 25% year over year and 6% sequentially to $14.9 billion, with artificial intelligence revenue rising roughly 15% sequentially to $4.1 billion. Guidance implies flat sequential revenue, with 7% sequential growth in AI revenue.
Why it matters: AI chip sales and VMware continue to overwhelmingly drive…
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https://www.morningstar.com/stocks/broadcom-earnings-ai-is-now-more-than-quarter-total-revenue