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Broadcom’s Chips for Data Centers Offset Smartphone Weakness

June 8, 2018

Ian King (Bloomberg) — Broadcom Inc. reaffirmed its revenue forecast for the current period and reported profit that beat estimates, indicating robust sales of chips used in data-center networks are helping to make up for lackluster demand in the smartphone business.

Revenue will be about $5.05 billion, plus or minus $75 million, in the quarter ending in July, the San Jose-based chipmaker said Thursday in a statement. Analysts had projected sales of $5.06 billion, according to the average of estimates compiled by Bloomberg.

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