Broadcom Inc (NASDAQ:AVGO) reported financial results for the third quarter after the market close on Thursday. Here’s a look at the key details from the report.
Q3 Highlights: Broadcom reported third-quarter revenue of $15.95 billion, beating analyst estimates of $15.83 billion, according to Benzinga Pro. The semiconductor company reported third-quarter adjusted earnings of $1.69 per share, beating analyst estimates of $1.65 per share.
Total revenue was up 22% on a year-over-year basis, driven by continued strength in custom AI accelerators, networking and VMware.
Broadcom generated approximately $7.17 billion in cash from operations and …