Semiconductor firm Broadcom, Inc. (NASDAQ: AVGO) is all set to publish third-quarter 2023 results today at 4:15 pm ET. The tech firm is likely to repeat the impressive performance it delivered in the previous quarter.
Listen to Broadcom’s Q3 2023 earnings call live and read the real-time transcript
Analysts are looking for an adjusted net income of $10.42 per share, which is up 7% year-over-year. The positive earnings outlook reflects an estimated 4.7% annual growth in revenues to $8.86 billion. That broadly matches the revenue guidance issued by the management a few months ago.
In the second quarter, Broadcom’s adjusted earnings per share climbed 14% from the prior-year period to $10.32 even as revenues moved up 8% to $8.73 billion. All operating segments, including the core Semiconductor Solutions division, expanded during the quarter.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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