Broadcom Q2 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall

Broadcom AVGO reported second-quarter fiscal 2025 non-GAAP earnings of $1.58 per share, surpassing the Zacks Consensus Estimate by 0.64% and increasing 43.6% year over year.

Net revenues increased 20% year over year to $15 billion, surpassing the Zacks Consensus Estimate by 0.37%. Broadcom’s revenue growth in the second quarter of fiscal 2025 was driven by strong performance in AI semiconductors and VMware momentum.

AI revenues benefited from continued investments from hyperscale…