Broadcom

AVGO Q2 FY2024 (ended May 5, 2024). 10-Q filing. Total revenue $12,487M (Products $7,192M, Subscriptions/Services $5,295M). Semiconductor products revenue was $7,192M. CEO Hock Tan stated on the Q2 FY2024 earnings call that AI revenue was approximately $3.1B for the quarter, driven by strong demand for custom AI accelerators (XPUs for Google, Meta, and a third hyperscaler) and AI networking (Tomahawk 5, Jericho3-AI). The filing describes two segments: semiconductor solutions and infrastructure software. The $3.1B AI figure is from management commentary on earnings calls. Ring 1 AI: custom XPUs + AI-specific networking silicon. Math: $3,100M / $12,487M = 24.8%, rounded conservatively to 24.0% given some uncertainty in the exact split. Source: Segment Note, management stated AI revenue.