Broadcom Inc. reported revenue of $15,952 million for the third quarter, marking a 22% increase from the previous year period.
The company achieved GAAP net income of $4,140 million and Non-GAAP net income of $8,404 million in the third quarter.
Adjusted EBITDA for the third quarter reached $10,702 million, accounting for 67% of revenue.
Record Revenue Growth
Consolidated revenue grew by 22% year-over-year, reaching a record $16.0 billion.
AI Accelerator Success
Custom AI accelerator revenue growth accelerated to 63% year-over-year, reaching $5.2 billion in the third quarter.
Shareholder Returns
Broadcom returned $2.8 billion to shareholders in the third quarter through cash dividends.
Fourth Quarter Guidance
The company expects fourth quarter revenue of approximately $17.4 billion, an increase of 24% from the prior year period.
- Broadcom Inc. demonstrated strong financial performance in the third quarter with record revenue and net income.
- The company's focus on AI accelerators and networking contributed significantly to the revenue growth and overall success.
- Consistent commitment to returning excess cash to shareholders reflects Broadcom's dedication to providing value to investors.
Broadcom's continuous growth in AI semiconductor revenue and strong financial results highlight its position as a global technology leader in semiconductor solutions and infrastructure software.