Broadcom has impressed investors by posting record revenues but admitted it has sold a lot of shelfware to VMware customers.

The chips-and-code company on Thursday announced Q3 2025 saw it win $15.95 billion of revenue and $4.1 billion of net income. Revenue bounced 22 percent year on year, and net income surged by 2,284 percent – a huge turnaround that reflects a paper loss for the same quarter in 2024 rather than any dramatic improvement in the company’s affairs.

Revenue from semiconductors rose 26 percent year over year to reach $9.2 billion, while infrastructure software sales rose 17 percent to reach $6.8 billion. Quarter-on-quarter growth from software was slower – sales rose just under $200 million – but it still looks like Broadcom has increased annual revenue from VMware by arou

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