Broadcom(US:AVGO) Prnewswire·2025-09-04 20:15Core Insights - Broadcom Inc. reported record third quarter revenue of $15.952 billion, representing a 22% year-over-year increase, driven by strong performance in custom AI accelerators, networking, and VMware [2][8] - AI revenue growth accelerated to 63% year-over-year, reaching $5.2 billion in Q3, with expectations to grow to $6.2 billion in Q4, marking eleven consecutive quarters of growth [2][8] - The company achieved a record free cash flow of $7.024 billion, up 47% year-over-year, and returned $2.8 billion to shareholders through cash dividends in Q3 [2][4] Financial Performance - Net income for Q3 2025 was $4.140 billion, compared to a net loss of $1.875 billion in Q3 2024, reflecting a significant turnaround [3][8] - Non-GAAP net income was reported at $8.404 billion for Q3 2025, an increase of $2.284 billion from the previous year [3][8] - Adjusted EBITDA for Q3 2025 was $10.702 billion, representing 67% of revenue, and increased by 30% year-over-year [3][8] Segment Performance - Semiconductor solutions generated $9.166 billion in revenue, a 26% increase year-over-year, while infrastructure software revenue reached $6.786 billion, up 17% [3][8] - The company’s cash and cash equivalents at the end of the fiscal quarter were $10.718 billion, compared to $9.472 billion at the end of the previous quarter [3][8] Future Outlook - For Q4 2025, Broadcom expects revenue to be approximately $17.4 billion, a 24% increase from the prior year period, with adjusted EBITDA guidance of 67% of projected revenue [8][9] - The company has declared a quarterly cash dividend of $0.59 per share, payable on September 30, 2025 [6][8]