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Broadcom forecasts third-quarter revenue above estimates

2023-06-02 04:19
Broadcom Inc forecast third-quarter revenue above market estimates on Thursday, as it became the latest chip firm to
Broadcom forecasts third-quarter revenue above estimates

Broadcom Inc forecast third-quarter revenue above market estimates on Thursday, as it became the latest chip firm to see a demand boost from this year's frenzy in AI spending.

The company forecast current-quarter revenue of about $8.85 billion, while analysts polled by Refinitiv are expecting revenue of $8.72 billion.

(Reporting by Chavi Mehta and Tiyashi Datta in Bengaluru; Editing by Anil D'Silva)