Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

Record Revenue and Growth Forecast: Broadcom reported a record Q1 revenue of $19.3 billion, representing a 29% year-on-year (YOY) growth. For Q2 2026, it projects revenue to reach approximately $22 billion, indicating a robust 47% YOY growth driven primarily by AI semiconductor revenue growth, which is expected to surge 140% YOY in Q2 to $10.7 billion.

Strong Semiconductor Performance: The Semiconductor Solutions segment registered record revenue of $12.5 billion, up 52% YOY, mostly driven by a 106% increase in AI semiconductor revenue. The company anticipates semiconductor revenue to rise further to $14.8 billion in Q2, marking a 76% YOY increase.

AI Networking Growth: AI networking revenue grew 60% YOY in Q1, constituting one-third of total AI revenue. The company expects this segment to accelerate and account for 40% of total AI revenue in Q2, driven by its unique networking solutions and technology advancements.