Broadcom's earnings call highlighted strong revenue growth driven by AI and software segments, with record-breaking performance and optimistic future guidance. However, challenges remain in the non-AI semiconductor segment and financial impacts from increased interest expenses. Overall, the positive aspects of revenue growth and future outlook outweigh the negatives.

Company Guidance -

Q3 2025

During Broadcom's second quarter fiscal year 2025 earnings call, the company provided guidance for the third quarter, forecasting consolidated revenue of approximately $15.8 billion, representing a 21% year-on-year increase. The semiconductor revenue is expected to reach approximately $9.1 billion, marking a 25% year-on-year growth, with AI semiconductor revenue projected to be $5.1 billion, up 60% year-on-year. Infrastructure software revenue is anticipated to be around $6.7 billion, reflecting a 16% increase compared to the previous year. The company also expects the adjusted EBITDA margin to be at least 66%. Broadcom highlighted the continued strength in AI semiconductors, driven by robust demand for AI networking and custom AI accelerators, with the Tomahawk 6 switch playing a pivotal role in enhancing networking capabilities. The company anticipates sustained growth into fiscal 2026, propelled by an increase in both training and inference demands.

Record-Breaking Revenue and Growth

Broadcom achieved record total revenue of $15 billion in Q2 2025, marking a 20% year-on-year increase. This growth was entirely organic.

AI Semiconductor Revenue Surge

AI semiconductor revenue reached over $4.4 billion, up 46% year-on-year, with AI networking growing over 170%.

Infrastructure Software Performance

Infrastructure software revenue was $6.6 billion for Q2, up 25% year-on-year, and exceeded the outlook of $6.5 billion.

Strong EBITDA and Operating Performance

Consolidated adjusted EBITDA was $10 billion, up 35% year-on-year, with an operating margin at 65% of revenue.

Positive Outlook for AI and Software Segments

Guidance for Q3 includes AI semiconductor revenue of $5.1 billion, up 60% year-on-year, and infrastructure software revenue of $6.7 billion, up 16%.

Broadcom (GB:0YXG) 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 >

GB:0YXG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 04, 2025	2025 (Q3)	1.66 / -	1.24	―	―	―
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)	―
Jun 01, 2023	2023 (Q2)	1.01 / 1.03	0.907	13.78% (+0.13)	―

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

GB:0YXG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 06, 2025	$249.04	$243.69	-2.15%
Mar 06, 2025	$179.60	$192.25	+7.04%
Dec 12, 2024	$179.42	$220.25	+22.76%
Sep 05, 2024	$152.27	$136.47	-10.38%

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.