Broadcom Reports Adjusted Net Revenue of $15 Billion in Second Fiscal Quarter
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Broadcom announced an adjusted net revenue of $15 billion for the second fiscal quarter, surpassing expectations of $14.96 billion. Notably, the semiconductor solutions business contributed $8.41 billion in revenue, likewise exceeding forecasts. Looking ahead, the company anticipates a revenue of approximately $15.8 billion for the third fiscal quarter, edging out analysts' estimates of $15.72 billion.