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With a market cap of $905 billion, Broadcom Inc. (AVGO) designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor-based devices and analog III-V-based products worldwide. Founded in 1961, the Palo Alto-based company operates in two segments, Semiconductor Solutions and Infrastructure Software. AVGO is expected to report its Q2 earnings on Wednesday, Jun. 11.
Ahead of the event, analysts expect AVGO to report a profit of $1.34 per share, up 54% from a profit of $0.87 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in each of the past four quarters, which is notable. Its EPS of $1.40 in the recent quarter surpassed the analysts’ expectations by 10.2%, driven by a growth in both AI semiconductor solutions and infrastructure software.