$Broadcom(AVGO.US) (flat AH) 1Q results modestly beat expectations and offered stronger than expected 2Q rev and EBITDA guidance.
1Q actuals:- Revs $19.31B vs $19.25B est- Semiconductor AI revs $12.52B vs $12.31B est- Infrastructure software revs $6.80B vs $6.86B est- EBITDA $13.1B vs $12.8B est- EPS $2.05 vs $2.03 est2Q guidance:- Revs $22.0B vs $20.53B est- EBITDA (68% Revs) $13.8B vs $13.6B estThe market’s tepid response is similar to $NVIDIA(NVDA.US) which also beat and offered strong guidance, but NVDA stock fell -5.5% the next day given high buyside expectations. Conf call 5pm ET.The copyright of this article belongs to the original author/organization.
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