By @SiliconANGLE
Publication Date: 2026-03-05 00:12:00
Artificial intelligence chipmaker Broadcom Inc. showed little sign of slowing down as it delivered its latest financial results, easing past Wall Street’s expectations and offering solid guidance for the current quarter — sending its stock 4% higher in extended trading.
The company reported first-quarter adjusted earnings of $2.05 per share, beating the analysts’ projection of $2.03 per share, while revenue jumped 29% from a year earlier to $19.31 billion, ahead of the $19.18 billion consensus. Net income for the quarter came to $7.35 billion, up from $5.5 billion in the same period one year ago.
“We have line of sight to achieve AI revenue from chips, just chips, in excess of $100 billion in 2027,” Broadcom Chief Executive Hock Tan (pictured) told analysts on a conference call. “We have also secured the supply chain required to achieve this.”
Looking at the current quarter, Broadcom anticipates $22 billion in sales, way ahead of the Street’s $20.56 billion…
