Broadcom delivered robust Q2 results with 48% YoY revenue growth to $22.2B and accelerating sequential performance across key metrics. AI semiconductor revenue surged 143% YoY to $10.8B, and management guided for 48.1% sequential growth to $16B in Q3, dispelling slowdown concerns. Q3 guidance projects 84% YoY revenue growth, with semiconductor revenue expected to jump 124% YoY and infrastructure software rebounding strongly.
Broadcom: The Bear Case Just Got Weaker
Source: Seeking Alpha