Broadcom Inc. revealed on Thursday that its revenue in the first quarter of its fiscal year 2025 came in at $14.9 billion, surging 25% year over year.
In the reported three-month period, on an annual basis, net income skyrocketed 323%, reaching $5.5 billion, while diluted earnings per share shot up 307% to $1.14. The company sees its second quarter revenue at $14.9 billion as well.
"Broadcom's record first quarter revenue and adjusted EBITDA were driven by both AI semiconductor solutions and infrastructure software. Q1 AI revenue grew 77% year-over-year to $4.1 billion and infrastructure software revenue grew 47% year-over-year to $6.7 billion. We expect continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers," CEO Hock Tan said.
The company's stock jumped 9.21% in the after-hours trade.
