Overview
- Broadcom, which briefly topped a $2 trillion market value on April 22, is riding a sharp rise in orders for custom AI silicon and networking chips.
- Quarterly results showed revenue of $19.31 billion with AI semiconductor sales up 106% to $8.4 billion, and guidance calls for $10.7 billion in AI chip revenue next quarter.
- Long‑term partnerships now span Google through 2031, a Meta co‑design pact through 2029 that starts above 1 gigawatt of compute, and Anthropic plans near 3.5 gigawatts from 2027.
- The company began sampling three Wi‑Fi 8 chips for residential gateways that pair 10‑gigabit fiber interfaces with new dual‑band radios designed to cut peak power by 25%.
- Broadcom generated about $8 billion in free cash flow in the quarter, returned $10.9 billion via dividends and buybacks, and added a new $10 billion repurchase authorization.