0
General

Broadcom narrows Q2 guidance amid strong wired, weak wireless

Tuesday 1 May 2018 | 11:41 CET | News
Broadcom has provided more information about its second fiscal quarter to 6 May. CEO Hock Tan said the company is seeing robust demand from data centres, driving strong growth at Broadcom's wired and enterprise storage segments, but wireless is weak. This trend is expected to continue into the company's third fiscal quarter. For fiscal Q2, Broadcom is now guiding for adjusted revenues of USD 5 billion, plus or minus USD 25 million. The original forecast had been for revenues of USD 5 billion, plus or minus USD 75 million.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Broadcom
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Broadcom to buy CA Technologies for USD 18.9 billion

Published 12 Jul 2018 08:48 CET | World
Broadcom has agreed to buy CA Technologies for USD 18.9 billion. The company said the takeover will help it meet the growing ...

Europe stuck in the middle as US-China telecom trade war looms

Published 30 Apr 2018 16:52 CET | Europe
The threat of a global trade war initiated by the US has spread to the telecom sector. From blocking takeovers, such as Qualcomm ...

Broadcom unveils new NVMe storage, SAN automation

Published 13 Apr 2018 10:03 CET | World
Broadcom announced new NVMe and automation capabilities and what it calls the industry's highest-density Brocade Gen 6 switch and ...

Broadcom approves share buyback programme of up to USD 12 bln

Published 13 Apr 2018 09:34 CET | World
Broadcom has approved the buyback of up to USD 12 billion worth of share. The approval will be in place until 3 November 2019, ...

Broadcom completes move to US

Published 05 Apr 2018 09:53 CET | United States
Broadcom announced that it's completed its move to the US from Singapore, in line with the earlier announced deadline. Following ...

Broadcom lifts revenues almost 30% in strong Q1

Published 16 Mar 2018 09:23 CET | World
Broadcom will again distribute a dividend of USD 1.75 per share, which last quarter was upped by over 70 percent. The move comes ...

Broadcom withdraws offer for Qualcomm, will still relocate headquarters to US

Published 14 Mar 2018 14:09 CET | United States
Broadcom has issued a statement saying it has officially withdrawn and terminated its offer to acquire Qualcomm. With this ...





Telefonica Deutschland's share of mobile Sims drops to 37%
Germany  |  2018 Q3

Calendar   /   Industry Events

18 Feb Inwit Q4 2018
19 Feb Sky NZ interim results
19 Feb Spark fiscal H1
19 Feb Sequans Q4 2018
19 Feb Blancco Technology fiscal Q2
19 Feb Vodafone Institute Digitising Europe Summit
19 Feb Commonwealth HR&ICT
20 Feb Telefonica Deutschland Q4 2018
20 Feb Intelsat Q4 2018
20 Feb Liberty Latin America Q4 2018
20 Feb Magyar Telekom Q4 2018
20 Feb Telefonica Brasil Q4 218
20 Feb TIM Participacoes Q4 2018
20 Feb Turkcell Q4 2018
20 Feb Analog Devices fiscal Q1
20 Feb Orange Polska Q4 2018
20 Feb Ceragon Q4 2018
20 Feb Lenovo fiscal Q3
20 Feb Samsung Galaxy press conference
21 Feb Baidu Q4 2018
21 Feb Casa Systems Q4 2018
21 Feb Roku Q4 2018
21 Feb Vonage Q4 2018
21 Feb Deutsche Telekom Q4 2018
21 Feb Orange Q4 2018
21 Feb Bouygues Telecom Q4 2018
21 Feb Altice USA Q4 2018
21 Feb EchoStar Q4 2018
21 Feb Telefonica Q4 2018
21 Feb TDC Q4 2018
::: More Calendar Items