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financial1 year ago

Broadcom Reports Strong Q3 Results and Raises Price Target Amid AI Growth

Broadcom reported a record third quarter with $15.95 billion in revenue, a 22% increase year-over-year, driven by strong growth in AI, networking, and VMware. Net income was $4.14 billion, and free cash flow reached $7 billion. The company provided a positive outlook for Q4 2025 with expected revenue of approximately $17.4 billion and continued dividend payments.