Image: Broadcom’s shares have done quite well the past few years.
Broadcom’s cash from operations was $6.6 billion and capital spending was $144 million in the fiscal second quarter, resulting in free cash flow of $6.4 billion, or 43% of revenue. Looking to the third quarter of fiscal 2025 for the period ending August 3, Broadcom expects revenue of approximately $15.8 billion, above the consensus forecast of $15.77 billion at the time of the report, and third quarter adjusted EBITDA of at least 66% of projected revenue. Though we don’t include Broadcom in any newsletter portfolio, the company’s results support an outlook for continued strong AI demand growth. Shares yield 1% at the time of this writing.
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