The earnings call presented a strong performance in AI semiconductors and infrastructure software, with record revenues and a solid backlog. However, challenges remain in the non-AI semiconductor segment and gross margin pressures due to product mix. Overall, the positive highlights significantly outweigh the lowlights, indicating optimism about future growth, especially in AI.

Company Guidance

During Broadcom's third quarter fiscal year 2025 earnings call, the company provided robust guidance for the upcoming quarter and fiscal year. Broadcom reported a record Q3 revenue of $16 billion, up 22% year-over-year, driven by a 26% growth in semiconductor revenue, which reached $9.2 billion. A significant contributor to this growth was the AI semiconductor segment, which brought in $5.2 billion, a 63% increase year-over-year. The company's backlog surged to a record $110 billion, with strong AI bookings. For Q4 2025, Broadcom forecasts consolidated revenue of $17.4 billion, up 24% year-over-year, with AI semiconductor revenue expected to reach $6.2 billion, up 66% year-over-year. Infrastructure software revenue is projected at $6.7 billion, up 15% year-over-year. The company anticipates an adjusted EBITDA margin of 67% for Q4. Broadcom's CEO, Hock Tan, emphasized the continued growth of the AI business and the addition of a significant fourth customer, which is expected to impact fiscal 2026 positively. Additionally, Broadcom's infrastructure software segment reported Q3 revenue of $6.8 billion, up 17% year-over-year, and the company launched its VMware Cloud Foundation version 9.0.

Record-Breaking Revenue and Growth

Total revenue reached a record $16 billion, up 22% year on year, driven by strong performance in AI semiconductors and growth in VMware.

AI Semiconductor Growth

AI semiconductor revenue was $5.2 billion, up 63% year on year, marking the 10th consecutive quarter of robust growth. The company forecasts AI semiconductor revenue to be approximately $6.2 billion in Q4, up 66% year on year.

Infrastructure Software Segment Performance

Infrastructure Software revenue reached $6.8 billion, up 17% year on year, with total contract value booked at $8.4 billion during Q3.

Strong Backlog and Bookings

The current consolidated backlog for the company hit a record of $110 billion, with bookings showing strong growth, particularly in AI.

CEO Tenure Extension

The board and Hock Tan have agreed that he will continue as the CEO of Broadcom through at least 2030.

Broadcom (AVGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AVGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 11, 2025	2025 (Q4)	1.86 / -	1.42	―	―	―
Sep 04, 2025	2025 (Q3)	1.66 / 1.69	1.24	36.29% (+0.45)	―
Jun 06, 2025	2025 (Q2)	1.57 / 1.58	1.096	44.16% (+0.48)	―
Mar 06, 2025	2025 (Q1)	1.51 / 1.60	1.099	45.59% (+0.50)	―
Dec 12, 2024	2024 (Q4)	1.39 / 1.42	1.106	28.39% (+0.31)	―
Sep 05, 2024	2024 (Q3)	1.22 / 1.24	1.054	17.65% (+0.19)
Jun 12, 2024	2024 (Q2)	1.08 / 1.10	1.032	6.20% (+0.06)	―
Mar 07, 2024	2024 (Q1)	1.04 / 1.10	1.033	6.39% (+0.07)	―
Dec 07, 2023	2023 (Q4)	1.10 / 1.11	1.045	5.84% (+0.06)	―
Aug 31, 2023	2023 (Q3)	1.04 / 1.05	0.973	8.32% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AVGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 04, 2025	$306.10	$334.89	+9.41%
Jun 06, 2025	$246.35	$243.71	-1.07%
Mar 06, 2025	$178.49	$193.92	+8.64%
Dec 12, 2024	$179.21	$223.00	+24.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.