Q2 25 EPS
$1.58
BEAT +0.59%
Est. $1.57
Q2 25 Revenue
$15.00B
BEAT +0.20%
Est. $14.97B
vs S&P Since Q2 25
+49.6%
BEATING MARKET
AVGO +69.9% vs S&P +20.3%
Market Reaction
Did AVGO Beat Earnings? Q2 2025 Results
Broadcom posted a strong fiscal second quarter, with revenue climbing 20.2% year-over-year to $15.00 billion and non-GAAP diluted EPS of $1.58 edging past the $1.57 consensus estimate by 0.59%, as the chip and software giant continued to benefit from… Read more Broadcom posted a strong fiscal second quarter, with revenue climbing 20.2% year-over-year to $15.00 billion and non-GAAP diluted EPS of $1.58 edging past the $1.57 consensus estimate by 0.59%, as the chip and software giant continued to benefit from an AI-driven spending cycle that shows little sign of slowing. The headline driver was AI semiconductor revenue, which surged 46% year-over-year to $4.40 billion, fueled by deepening demand from hyperscale partners for AI networking solutions, a trend reflected broadly across the semiconductor industry as AI data center construction accelerates. The semiconductor solutions segment contributed $8.41 billion, while VMware's infrastructure software business added $6.60 billion, up 25% year-over-year, underscoring the ongoing monetization of that landmark acquisition. Free cash flow reached a record $6.41 billion, up 44% year-over-year, as adjusted EBITDA expanded to $10.00 billion, representing 67% of revenue. Looking ahead, management guided Q3 revenue to approximately $15.80 billion, a 21% year-over-year increase, with AI semiconductor revenue expected to accelerate further to $5.10 billion.
Key Takeaways
- • AI semiconductor revenue grew 46% YoY to over $4.4 billion driven by robust demand for AI networking
- • VMware infrastructure software revenue grew 25% YoY
- • Adjusted EBITDA increased 35% YoY to $10.0 billion
- • Free cash flow reached record $6.4 billion, up 44% YoY
- • Continued hyperscale partner investment in AI
AVGO YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
AVGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Broadcom achieved record second quarter revenue on continued momentum in AI semiconductor solutions and VMware. Q2 AI revenue grew 46% year-over-year to over $4.4 billion driven by robust demand for AI networking.”
— Hock Tan, Q2 2025 Earnings Press Release
AVGO Earnings Trends
AVGO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AVGO EPS Trend
Earnings per share: estimate vs actual
AVGO Revenue Trend
Quarterly revenue: estimate vs actual
AVGO Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.02 | $2.05 | +1.32% | $19.31B | +0.90% |
| Q4 25 BEAT FY | $1.87 | $1.95 | +4.28% | $18.02B | +2.63% |
| FY Full Year | $6.75 | $6.82 | +1.07% | $63.89B | +0.73% |
| Q3 25 BEAT | $1.66 | $1.69 | +1.60% | $15.95B | +0.82% |
| Q2 25 BEAT | $1.57 | $1.58 | +0.59% | $15.00B | +0.20% |
| Q1 25 BEAT | $1.51 | $1.60 | +6.11% | $14.92B | +2.23% |
| Q4 24 BEAT FY | $1.39 | $1.42 | +2.16% | $14.05B | -0.86% |
| FY Full Year | $4.85 | $4.87 | +0.36% | $51.57B | -0.24% |
| Q3 24 BEAT | $1.20 | $1.24 | +3.33% | $13.07B | +0.87% |
| Q2 24 BEAT | $10.84 | $10.96 | +1.11% | $12.49B | +3.82% |