Broadcom (AVGO) AI Revenue Rises 143% to $10.8B in Latest Quarter
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowBroadcom (AVGO) reported a revenue of $22.187 billion for Q2 FY2026, marking a 47.9% year-over-year increase, with AI semiconductor revenue reaching $10.8 billion, up 143% YoY. In contrast, NVIDIA (NVDA) registered a Data Center revenue of $75.246 billion, a 92% increase YoY, with Q2 guidance at $91 billion, excluding China. AVGO is trading at a forward P/E of 32x, while NVDA trades at 22x, highlighting NVDA's cheaper valuation despite supply commitments totaling $119 billion. Broadcom aims to exceed $100 billion in AI sales by 2027, primarily through customized solutions for major tech companies.
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About Broadcom Inc. (AVGO)
Broadcom is a diversified semiconductor and infrastructure-software maker, supplying networking, broadband, and custom AI chips to data centers and device makers.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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