Broadcom Stock Surges On Q1 Earnings Beat, Revenue Beat, Strong Guidance: ‘We Expect Continued Strength In AI Semiconductor Revenue’

Broadcom Inc (NASDAQ:AVGO) reported first-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter.

Q1 Earnings: Broadcom reported first-quarter revenue of $14.92 billion, beating analyst estimates of $14.61 billion, according to Benzinga Pro. The semiconductor company reported first-quarter adjusted earnings of $1.60 per share, beating analyst estimates of $1.49 per share.

Total revenue was up 25% on a year-over-year basis, driven by strength in AI semiconductor solutions …

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