Chipmaker and infrastructure software provider Broadcom (AVGO) late Wednesday beat Wall Street’s targets for its fiscal second quarter. AVGO stock jumped in extended trading.

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The Palo Alto, Calif.-based company earned an adjusted $10.96 a share on sales of $12.49 billion in the quarter ended May 5. Analysts polled by FactSet had expected Broadcom to earn an adjusted $10.85 a share on sales of $12.06 billion. In the year-earlier period, Broadcom earned an adjusted $10.32 a share on sales of $8.73 billion.

In after-hours trading on the stock market today, AVGO stock jumped more than 9% to 1,639. During the regular session, AVGO stock advanced 2.4% to close at 1,495.51.

Earnings report details to follow.

AVGO Stock Is On Two IBD Lists

Broadcom makes a broad range of semiconductor, enterprise software and security solutions. Its product portfolio covers such areas as data centers, networking, broadband, wireless, storage, industrial and enterprise software.

AVGO stock is on two IBD lists: Big Cap 20 and Tech Leaders.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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