Broadcom(US:AVGO) Di Yi Cai Jing·2025-12-12 00:00Core Insights - Broadcom reported Q4 earnings with revenue of $18.02 billion, exceeding market expectations of $17.49 billion [1] - Non-GAAP EPS was approximately $1.95, also above the expected $1.87 [1] - Semiconductor revenue reached about $11.1 billion, with AI chip contributions surpassing 50% for the first time, showing a year-over-year growth of approximately 74% [1] - Infrastructure software revenue grew by about 17%, primarily driven by VMware business [1] - The company raised its Q1 FY2026 outlook, projecting revenue of approximately $19.1 billion, significantly above the market expectation of $18.27 billion [1] - AI semiconductor revenue is expected to double year-over-year to $8.2 billion, driven by strong demand for custom ASICs and high-speed networking chips [1] - CEO Hock Tan indicated that demand for AI semiconductors will continue to strengthen in the coming quarters [1] - Following the announcement, Broadcom's stock initially rose but later fell nearly 5% [1]