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Broadcom Falls Nearly 6% to a More Than Four-Month Low as Q4 Revenue Guidance Misses Expectations

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Mars Finance News, September 3: Broadcom’s U.S. shares fell nearly 6% at the opening, reaching a low of $345.58, the lowest level since April 8. On the news front, Broadcom’s third-quarter net revenue increased 86% year over year to $29.591 billion, while adjusted earnings per share rose 96% year over year to $3.32. Among these, AI chip revenue increased 221% year over year to $16.7 billion. However, looking ahead to the fourth quarter, Broadcom expects revenue of approximately $34.8 billion, up 93% year over year, below analysts’ estimate of $35.05 billion. Its guidance for AI semiconductor revenue is $21.7 billion, up 236% year over year and only slightly above the market expectation of $21.33 billion. (Kegubao Broadcast)
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Comment 5
MemeEthno
From $16.7 billion to $21.7 billion, AI revenue is set to surge sequentially—the sector is too hot.
BitcoinMaximalist
The after-hours drop reflects a gap versus expectations, but the 236% AI growth guidance remains attractive in the long term.
OptionShield
Broadcom’s earnings would be explosive for other companies, but on an AI giant, they’re bearish instead—the competition is insanely fierce.
LegacySeed
Even 86% revenue growth isn’t enough—Wall Street’s appetite is getting bigger and bigger.
RebaseRebel
The 6% drop at the open is a bit brutal, but 221% growth in AI chips is seriously strong; likely just short-term sentiment digestion.