Broadcom Q2 results, Q3 revenue guidance beat Wall Street estimates
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Semiconductor giant Broadcom (NASDAQ:AVGO) on Thursday reported second quarter results and guidance that beat expectations.
AVGO stock was marginally lower by 0.5% to $786.01 after hours.
For the three months ended April 30, AVGO on an adj. basis earned $10.32 per share, beating estimates by 18 cents.
The chipmaker generated revenue of $8.73B (+7.8% Y/Y), beating expectations by $20M. Semiconductor solutions revenue of $6.81B (+9% Y/Y) made up 78% of the total. 
Looking ahead to the third quarter, Broadcom (AVGO) said it expects revenue of about $8.85B, which was higher than the expected figure of $8.71B. The company expects adj. EBITDA to be around 65% of its projected revenue.
AVGO also declared a quarterly dividend of $4.60 per share, unchanged from the previous quarter.
The chipmaker will hold a conference call at 1700 ET to discuss its results.
Earlier this week, Wall Street analysts said they expected Broadcom's (AVGO) infrastructure results to be "resilient" in the near-term.
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