Broadcom reports Q2 revenue up 48% YoY to $22.19B, vs. $22.27B est., and forecasts Q3 semiconductor revenue from AI below estimates; AVGO drops 12%+ after hours

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Summary

Broadcom reported a 48% year-over-year increase in Q2 revenue to $22.19B, missing estimates of $22.27B. The company also forecasted Q3 semiconductor revenue from AI below expectations, causing AVGO to drop 12%+ after hours.

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