$AVGO Beats Q3 Estimates as AI Semiconductor Revenue Surges 221%

$AVGO delivered another strong quarter as AI semiconductor demand continued to accelerate.
Q3 revenue came in at $29.6 billion versus estimates of $29.5 billion, while adjusted EPS reached $3.32 compared with the $3.24 consensus.
Free cash flow was slightly softer at $13.7 billion versus expectations of $13.8 billion.
The standout was AI semiconductor revenue, which surged 221% year over year to $16.7 billion.
For Q4, $AVGO guided total revenue to $34.8 billion, slightly below the $35.1 billion Wall Street estimate.
However, AI semiconductor revenue is expected to climb further to $21.7 billion, representing 236% year-over-year growth.
The results show that AI infrastructure remains the main growth engine for $AVGO, even as the broader revenue outlook comes in just below consensus.
For investors, the key question is whether explosive AI growth can continue offsetting any softness elsewhere in the business.