博通发布财报，WWDC大会即将召开Broadcom发布财报，AI收入同比高增

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the industry, indicating an expected return that will exceed the performance of the CSI 300 Index by 10% or more over the next six months [4]. Core Insights - Broadcom reported a revenue of $15.004 billion for Q2 FY25, reflecting a year-on-year increase of 20.2% and slightly exceeding the company's guidance and market expectations. The adjusted EBITDA margin was approximately 67%, higher than the previous guidance of 66% [1]. - AI revenue for Broadcom exceeded $4.4 billion, accounting for over 52% of semiconductor revenue, with a year-on-year growth of 46%. Non-AI revenue was $4 billion, showing a decline of 5% year-on-year [1]. - The upcoming WWDC event by Apple is set to provide insights into the latest tools and technologies, with over 100 sessions planned for developers [2][20]. - The U.S. Trade Representative extended tariff exemptions on certain products from China, impacting nearly 200 items, including components relevant to the semiconductor and electronics sectors [3][9]. Summary by Sections Industry Performance - The electronic sector saw a relative return of -3.3% over one month, -9.8% over three months, and a positive 24.2% over twelve months. Absolute returns were -1.6% over one month, -11.9% over three months, and 32.0% over twelve months [6]. Financial Metrics - As of June 8, 2025, the electronic index PE ratio was 50.38, with a 10-year PE percentile of 65.84%. The semiconductor sub-sector had a PE of 81.96, while consumer electronics had a PE of 26.49 [10][37][38]. Investment Recommendations - The report suggests focusing on companies within the computing power supply chain, such as Shenghong Technology and Huadian Technology, as well as storage companies like Zhaoyi Innovation and Bawei Storage [11].