Broadcom (NASDAQ:AVGO) reported its Q3 earnings, revealing an EPS of $10.54, surpassing the analyst projection of $10.43. The revenue for the quarter reached $8.88 billion, slightly exceeding the Street estimate of $8.85 billion.

The company attributed the quarter's revenue growth to heightened demand for advanced networking technologies, driven by the expansion of hyperscale customers and the integration of AI clusters within data centers.

Looking ahead, Broadcom anticipates Q4 2023 revenue to amount to $9.27 billion, in contrast to the projected consensus of $9.28 billion. Additionally, the company expects Adjusted EBITDA for the fourth quarter to be around 65 percent of the forecasted revenue.