Broadcom Rises 13% Post Q3 Earnings: Buy, Sell or Hold the Stock?
ZACKSยท2025-09-09 16:31
Key Takeaways AVGO shares jumped 13% after Q3 results, with earnings up 28% and revenue up 22% year over year.AI revenues soared 63% to $5.2B, with XPUs making up 65% and Alphabet and Meta as key users.Strong cash flow and $10.7B in cash support dividends, buybacks and balance sheet strength.Broadcom (AVGO) shares have risen 13% since the company reported third-quarter fiscal 2025 results on Sept. 4. The company reported non-GAAP earnings of $1.69 per share, beating the Zacks Consensus Estimate by 1.81% and ...