In Q2 2024, Broadcom Inc (AVGO) reported robust financials with total revenue reaching $12.5 billion, a 43% year-over-year increase driven significantly by the inclusion of VMware's financial performance. Excluding VMware, organic growth was measured at 12%. The standout performance was in AI-related revenue, soaring by 280% to $3.1 billion, which underscored the strength of Broadcom's position in the rapidly evolving semiconductor landscape. Operating income rose to $3.31 billion with a margin of 26.5%, while net income stood at $2.12 billion, showcasing a healthy margin of 17%. Management continues to emphasize the transition to AI, projecting fiscal 2024 revenue guidance raised to $51 billion, cutting costs post-acquisition, and an optimistic view on future cash flows as integration efforts with VMware yield operational efficiencies.