Broadcom's revenue increased by 34%, but chip income is not as expected; Marvell customers are still
The AI boom has swept the world, driving Nvidia and HBM manufacturers to continue to rise, how much does other semiconductor manufacturers benefit? According to the latest financial reports of Broadcom and Marvell, although Broadcom has increased performance and AI demand is hot, the income of the semiconductor field is not as good as expected. Marvell said that because the customer is still clearing the inventory, the custom chip demand of AI applications is weak.Broadcom: revenue of 11.96 billion US dollars, AI exactly but chip income is not as expected
The overall revenue of Broadcom Q1 was $ 11.960 billion, an increase of 34%year -on -year, higher than the US $ 11.73 billion in analysts' general expected US $ 11.73 billion. The cash flow generated by Broadcom's first fiscal season was about 4.815 billion US dollars, compared with US $ 4.036 billion in the same period last year. It was $ 5.678 billion.
Among them, the revenue of the semiconductor business department in the first quarter of the first fiscal quarter was US $ 7.39 billion. Although the increase of 4%year -on -year hinted that the demand for Broadcom chip was obviously recovered, but the US Street analysts generally expected $ 7.7 billion.
Although Broadcom does not produce Nvidia -style AI GPUs, Broadcom provides a vital Ethernet switch chip for global companies and cooperates with technology giants such as Google and Microsoft to design and develop customized AI ASIC chips. This has led to some hardware products under Broadcom Become an indispensable part of large data centers that handle the huge workload of artificial intelligence. This is also the biggest driving force for their performance.
On the whole, the financial report data shows that the "expenditure prosperity" of global companies in artificial intelligence has stimulated the strong demand for the Broadcom's Ethernet switch chip, but the company is dealing with chip sales in certain fields such as smartphones, telecommunications infrastructure, etc. The problem of slowness, which causes tremendous pressure on its semiconductor business, is why the business income is not as expected as market expectations.
However, the CEO Hock Tan promised that the AI field will still become an important part of Broadcom's total revenue in this fiscal year. The scale of software and hardware expenditures in the field of artificial intelligence in the field of artificial intelligence will promote the accelerated expansion of the company's performance this year. The Broadcom management currently estimates that by the end of the fiscal year in 2024, the AI -related revenue scale brought by the AI expenditure boom will account for about 35%of its semiconductor business revenue, which is much higher than the 25%predicted by Broadcom.
Marvell: Customer inventory is still adjusted, and the custom chip demand for AI applications is weak
Although Marvell has also benefited in AI, related performance has increased significantly, but it is subject to the weak customer order and lower the overall financial forecast of the next season.
Marvell's fiscal quarterly revenue was 1.430 billion US dollars, exceeding US $ 1.42 billion, thanks to the rapid adoption of artificial intelligence. Data center revenue (including customized artificial intelligence chip business and network equipment) increased by 54%to US $ 765.3 million, compared with US $ 759.8 million.
Looking forward to the next quarter, Marvell's estimated revenue is 1.15 billion US dollars positive or not, which is less than $ 1.37 billion in market expectations. After the adjustment, the earnings per share are estimated to be 0.23 US $ 0.05, which is also lower than the market expectations of $ 0.40.
Last November, Marvell stated that due to the panic of telecommunications customers in the early stage, the phenomenon of inventory adjustment continued. Due to the weak demand for wireless operators and enterprise markets, the revenue of about half of the first quarter of fiscal quarters would decline.
MATT MURPHY, CEO of Marvell, said: "Although we expect that weak demand will affect consumers, operator infrastructure and corporate network in the short term, we expect that the decline in revenue of these terminal markets will end after the first fiscal quarter."
