Upbeat forecast from Broadcom

Author: EIS Release Date: Sep 13, 2022

Broadcom has defied the trend and given an upbeat forecast for the current quarter with CEO Hock Tan (pictured) conceding it was “somewhat surreal.”

 

“From our vantage point, infrastructure spending is still very much holding,” said Tan adding, “it’s true end demand.”

 

Broadcom had revenues of $8.4 billion in the quarter ended July 31 and expects $7.6 billion revenues in the quarter ending January 31. 

 

Broadcom’s order backlog is $31 billion and average order lead-time is 50 weeks.

 

The company has not been put on notice by the US government that it has chips which cannot be sold to China which contributes 30% of its revenues.