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superchance
superchance
·
09-12
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superchance
superchance
·
09-06
你疯了吧
禾赛科技:香港发售价格最高为每股228.00港元或29.04美元
以2525为代码在香港作双重主要上市。
禾赛科技:香港发售价格最高为每股228.00港元或29.04美元
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superchance
superchance
·
09-02
一年亏损一百多亿还不倒闭真牛逼
蔚来二季度总营收190.09亿元人民币,同比增长9%
9月2日,蔚来绩后一度暴跌17%,现跌8%,Q2净亏损51.41亿元,上年同期净亏损51.26亿元
蔚来二季度总营收190.09亿元人民币,同比增长9%
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superchance
superchance
·
08-30
财报前大跌,mad
财报前瞻 | 博通营收预计158亿美元,AI定制芯片与高速网络驱动业绩爆发
此前公司指引显示,第三季度营收约158亿美元,同比增长约21%,EBITDA利润率预计至少维持66%。上季度回顾博通2025财年第二季度营收150亿美元,同比增长20%,略超预期;调整后每股收益1.58美元,增长43.6%;净利润达77.87亿美元,增长44%。数据中心及网络半导体业务营收84.1亿美元,增长16.7%。预计AI需求带动XPU与高性能网络增长,VMware保持增长动力。ASIC动能超预期,AI芯片量价结构改善。
财报前瞻 | 博通营收预计158亿美元,AI定制芯片与高速网络驱动业绩爆发
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superchance
superchance
·
08-13
以前每次减仓都暴跌,最近一个月无惧股东减仓,说明就是被主力控制了
Form 144 | Astera Labs高管Michael Tate拟减持10万股,总价约1912万美元
Astera Labs高管Michael Tate拟于美东时间2025年8月12日出售10万股Astera Labs普通股票,总市值约1912万美元。过去3个月内,Michael Tate已累计减持70.7万股,共获得约6200万美元。
Form 144 | Astera Labs高管Michael Tate拟减持10万股,总价约1912万美元
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superchance
superchance
·
08-06
120
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superchance
superchance
·
07-31
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superchance
superchance
·
07-16
跌6%就算大跌了?这么个垃圾一年涨10倍你咋不说泡沫,都还没有跌50%啊,太少了.
非常抱歉,此主贴已删除
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superchance
superchance
·
04-18
别跌啦再跌就亏钱了
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superchance
superchance
·
04-16
赶上利空了,不破发不错了
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href=\"https://www.zhitongcaijing.com/immediately.html?type=usstock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/49c13b5a60cb9a42e372cac54c29da34","relate_stocks":{"02525":"禾赛-W","HSAI":"禾赛"},"source_url":"https://www.zhitongcaijing.com/immediately.html?type=usstock","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2565929845","content_text":"禾赛 :启动170万股B类股份的全球发售,以2525为代码在香港联合交易所作双重主要上市。香港发售价格最高为每股228.00港元或29.04美元。公司已与HHLRAdvisors(高瓴集团旗下机构)、泰康人寿、WT资产管理、Grab、宏达集团及Commando Global Fund签署基石投资协议。","news_type":1,"symbols_score_info":{"02525":1,"HSAI":1}},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":474474963661024,"gmtCreate":1756808544120,"gmtModify":1756809019352,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"一年亏损一百多亿还不倒闭真牛逼","listText":"一年亏损一百多亿还不倒闭真牛逼","text":"一年亏损一百多亿还不倒闭真牛逼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/474474963661024","repostId":"1148640733","repostType":2,"repost":{"id":"1148640733","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1756805846,"share":"https://www.laohu8.com/m/news/1148640733?lang=&edition=full","pubTime":"2025-09-02 17:37","market":"sg","language":"zh","title":"蔚来二季度总营收190.09亿元人民币,同比增长9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1148640733","media":"老虎资讯综合","summary":"9月2日,蔚来绩后一度暴跌17%,现跌8%,Q2净亏损51.41亿元,上年同期净亏损51.26亿元","content":"<html><head></head><body><p>蔚来二季度总营收190.09亿元人民币,同比增长9.0%;毛利18.98亿元,同比增长12.4%。二季度净亏损49.95亿元,同比减少1.0%;非GAAP净亏损41.27亿元,同比减少9.0%。</p><p>未来盘前股价一度大跌17%,现已转涨。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01e3ffbd33a04c8db0d04175ac87bb07\" tg-width=\"1030\" tg-height=\"411\"/></p><p>消息方面:<br/>蔚来(NIO Inc.)于2025年9月2日披露截至2025年6月30日的第二季度未经审计财报。</p><ul style=\"list-style-type: disc;\"><li><p>收入与利润:二季度总营收190.09亿元人民币(RMB19,008.7百万元),同比增长9.0%;毛利18.98亿元,同比增长12.4%;毛利率10.0%,同比提升0.3个百分点。GAAP口径每股亏损(EPS)为2.31元,较上年同期的2.50元收窄;非GAAP每股亏损为1.85元,较上年同期的2.21元收窄。二季度净亏损49.95亿元,同比减少1.0%;非GAAP净亏损41.27亿元,同比减少9.0%。</p></li><li><p>分业务:整车销售收入161.36亿元,同比增长2.9%;其他销售收入28.73亿元,同比增长62.6%。车辆毛利率为10.3%,同比下降1.9个百分点。</p></li><li><p>运营表现:二季度交付72,056辆,同比增加25.6%;其中NIO品牌47,132辆,ONVO品牌17,081辆,FIREFLY品牌7,843辆。期末现金及现金等价物、受限现金、短期投资与长期定期存款合计272亿元。</p></li></ul><p style=\"text-align: start;\">下季度展望:<br/>公司预计2025年第三季度交付87,000至91,000辆,同比增长40.7%至47.1%;预计总营收为218.12亿至228.76亿元人民币(RMB21,812–22,876百万元),同比增长16.8%至22.5%。</p><p style=\"text-align: start;\">高管语录:</p><ul style=\"list-style-type: disc;\"><li><p>William Bin Li(创始人、董事长兼CEO)表示,二季度交付同比增长25.6%,ONVO L90与全新ES8的市场反响强化了销售动能;基于需求表现,公司预计三季度交付将达8.7万至9.1万,创历史新高。其观点指向新品放量与多品牌覆盖带来的增量需求。</p></li><li><p>William Bin Li还指出,ONVO L90与全新ES8的产品体验获得用户认可,叠加电池换电与充换电网络的长期战略优势以及多品牌战略,有望在大型三排SUV细分市场重塑竞争格局,推动BEV渗透。该表述与二季度交付结构中多品牌贡献及毛利率环比改善相呼应。</p></li><li><p>Stanley Yu Qu(首席财务官)表示,自二季度起的降本增效举措已见成效,剔除组织优化费用后,非GAAP经营亏损环比改善逾30%。其强调公司正接近财务结构的拐点,运营表现呈现正向动能。该判断与二季度非GAAP经营亏损环比收窄32.1%的数据一致。</p></li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>蔚来二季度总营收190.09亿元人民币,同比增长9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n蔚来二季度总营收190.09亿元人民币,同比增长9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2025-09-02 17:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>蔚来二季度总营收190.09亿元人民币,同比增长9.0%;毛利18.98亿元,同比增长12.4%。二季度净亏损49.95亿元,同比减少1.0%;非GAAP净亏损41.27亿元,同比减少9.0%。</p><p>未来盘前股价一度大跌17%,现已转涨。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/01e3ffbd33a04c8db0d04175ac87bb07\" tg-width=\"1030\" tg-height=\"411\"/></p><p>消息方面:<br/>蔚来(NIO Inc.)于2025年9月2日披露截至2025年6月30日的第二季度未经审计财报。</p><ul style=\"list-style-type: disc;\"><li><p>收入与利润:二季度总营收190.09亿元人民币(RMB19,008.7百万元),同比增长9.0%;毛利18.98亿元,同比增长12.4%;毛利率10.0%,同比提升0.3个百分点。GAAP口径每股亏损(EPS)为2.31元,较上年同期的2.50元收窄;非GAAP每股亏损为1.85元,较上年同期的2.21元收窄。二季度净亏损49.95亿元,同比减少1.0%;非GAAP净亏损41.27亿元,同比减少9.0%。</p></li><li><p>分业务:整车销售收入161.36亿元,同比增长2.9%;其他销售收入28.73亿元,同比增长62.6%。车辆毛利率为10.3%,同比下降1.9个百分点。</p></li><li><p>运营表现:二季度交付72,056辆,同比增加25.6%;其中NIO品牌47,132辆,ONVO品牌17,081辆,FIREFLY品牌7,843辆。期末现金及现金等价物、受限现金、短期投资与长期定期存款合计272亿元。</p></li></ul><p style=\"text-align: start;\">下季度展望:<br/>公司预计2025年第三季度交付87,000至91,000辆,同比增长40.7%至47.1%;预计总营收为218.12亿至228.76亿元人民币(RMB21,812–22,876百万元),同比增长16.8%至22.5%。</p><p style=\"text-align: start;\">高管语录:</p><ul style=\"list-style-type: disc;\"><li><p>William Bin Li(创始人、董事长兼CEO)表示,二季度交付同比增长25.6%,ONVO L90与全新ES8的市场反响强化了销售动能;基于需求表现,公司预计三季度交付将达8.7万至9.1万,创历史新高。其观点指向新品放量与多品牌覆盖带来的增量需求。</p></li><li><p>William Bin Li还指出,ONVO L90与全新ES8的产品体验获得用户认可,叠加电池换电与充换电网络的长期战略优势以及多品牌战略,有望在大型三排SUV细分市场重塑竞争格局,推动BEV渗透。该表述与二季度交付结构中多品牌贡献及毛利率环比改善相呼应。</p></li><li><p>Stanley Yu Qu(首席财务官)表示,自二季度起的降本增效举措已见成效,剔除组织优化费用后,非GAAP经营亏损环比改善逾30%。其强调公司正接近财务结构的拐点,运营表现呈现正向动能。该判断与二季度非GAAP经营亏损环比收窄32.1%的数据一致。</p></li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a3b92523152bd36c422721756606e549","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148640733","content_text":"蔚来二季度总营收190.09亿元人民币,同比增长9.0%;毛利18.98亿元,同比增长12.4%。二季度净亏损49.95亿元,同比减少1.0%;非GAAP净亏损41.27亿元,同比减少9.0%。未来盘前股价一度大跌17%,现已转涨。消息方面:蔚来(NIO Inc.)于2025年9月2日披露截至2025年6月30日的第二季度未经审计财报。收入与利润:二季度总营收190.09亿元人民币(RMB19,008.7百万元),同比增长9.0%;毛利18.98亿元,同比增长12.4%;毛利率10.0%,同比提升0.3个百分点。GAAP口径每股亏损(EPS)为2.31元,较上年同期的2.50元收窄;非GAAP每股亏损为1.85元,较上年同期的2.21元收窄。二季度净亏损49.95亿元,同比减少1.0%;非GAAP净亏损41.27亿元,同比减少9.0%。分业务:整车销售收入161.36亿元,同比增长2.9%;其他销售收入28.73亿元,同比增长62.6%。车辆毛利率为10.3%,同比下降1.9个百分点。运营表现:二季度交付72,056辆,同比增加25.6%;其中NIO品牌47,132辆,ONVO品牌17,081辆,FIREFLY品牌7,843辆。期末现金及现金等价物、受限现金、短期投资与长期定期存款合计272亿元。下季度展望:公司预计2025年第三季度交付87,000至91,000辆,同比增长40.7%至47.1%;预计总营收为218.12亿至228.76亿元人民币(RMB21,812–22,876百万元),同比增长16.8%至22.5%。高管语录:William Bin Li(创始人、董事长兼CEO)表示,二季度交付同比增长25.6%,ONVO L90与全新ES8的市场反响强化了销售动能;基于需求表现,公司预计三季度交付将达8.7万至9.1万,创历史新高。其观点指向新品放量与多品牌覆盖带来的增量需求。William Bin Li还指出,ONVO L90与全新ES8的产品体验获得用户认可,叠加电池换电与充换电网络的长期战略优势以及多品牌战略,有望在大型三排SUV细分市场重塑竞争格局,推动BEV渗透。该表述与二季度交付结构中多品牌贡献及毛利率环比改善相呼应。Stanley Yu Qu(首席财务官)表示,自二季度起的降本增效举措已见成效,剔除组织优化费用后,非GAAP经营亏损环比改善逾30%。其强调公司正接近财务结构的拐点,运营表现呈现正向动能。该判断与二季度非GAAP经营亏损环比收窄32.1%的数据一致。","news_type":1,"symbols_score_info":{"NIO":1.1}},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":473201884741912,"gmtCreate":1756559558475,"gmtModify":1756559560232,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"财报前大跌,mad","listText":"财报前大跌,mad","text":"财报前大跌,mad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/473201884741912","repostId":"1177228929","repostType":2,"repost":{"id":"1177228929","kind":"news","weMediaInfo":{"introduction":"专注财报前瞻、财报解析的大模型Agent","home_visible":1,"media_name":"财报Agent","id":"1017018787","head_image":"https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f"},"pubTimestamp":1756284958,"share":"https://www.laohu8.com/m/news/1177228929?lang=&edition=full","pubTime":"2025-08-27 16:55","market":"us","language":"zh","title":"财报前瞻 | 博通营收预计158亿美元,AI定制芯片与高速网络驱动业绩爆发","url":"https://stock-news.laohu8.com/highlight/detail?id=1177228929","media":"财报Agent","summary":"此前公司指引显示,第三季度营收约158亿美元,同比增长约21%,EBITDA利润率预计至少维持66%。上季度回顾博通2025财年第二季度营收150亿美元,同比增长20%,略超预期;调整后每股收益1.58美元,增长43.6%;净利润达77.87亿美元,增长44%。数据中心及网络半导体业务营收84.1亿美元,增长16.7%。预计AI需求带动XPU与高性能网络增长,VMware保持增长动力。ASIC动能超预期,AI芯片量价结构改善。","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AVGO\">博通</a>将于美东时间2025年9月4日盘后公布2025财年第三季度财报。根据彭博社一致预期,公司本季度营收预计达到158.27亿美元,同比增长21.07%;调整后每股收益预计为1.67美元,同比增长34%。</p><p>此前公司指引显示,第三季度营收约158亿美元,同比增长约21%,EBITDA利润率预计至少维持66%。在AI业务方面,<a href=\"https://laohu8.com/S/600455\">博通</a>预计本季度AI半导体营收将达到51亿美元,实现连续第十个季度增长。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/762a1cad5d961c0750db26f4017374bd\" tg-width=\"1157\" tg-height=\"395\"/></p><h2 id=\"id_3364547592\">上季度回顾</h2><p>博通2025财年第二季度营收150亿美元,同比增长20%,略超预期;调整后每股收益1.58美元,增长43.6%;净利润达77.87亿美元,增长44%。EBITDA为100.01亿美元,占营收比66.7%,同比增长34.6%。数据中心及网络半导体业务营收84.1亿美元,增长16.7%。</p><p>AI芯片收入同比增长46%,达到44亿美元,但增速较上一季度的77%有所放缓。CEO陈福阳表示,营收创新高主要受半导体解决方案和云计算公司VMware业务驱动。</p><h2 id=\"id_27036111\">本季度看点</h2><h3 id=\"id_2179892727\">1. 定制AI加速器(XPU)业务持续高速增长</h3><p>依托<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>TPUv6p等领先客户,定制XPU出货稳步提升,预计2025财年AI收入同比增约60%。投资者关注TPUv6p出货趋势及订单转化,尤其是单价能否持续提升。定制XPU的高算力与能效优势助力超大规模数据中心应用。</p><h3 id=\"id_238079772\">2. 以太网交换芯片需求强劲,推动网络业务增长</h3><p>Tomahawk 6等新一代交换芯片已开始出货,支持102.4Tbps交换能力,提升数据中心网络吞吐及能效。1.6T光模块升级增强集群扩展性和性价比,巩固高端交换/路由市场领先地位。重点关注产品交付节奏及客户验收。</p><h3 id=\"id_4032867582\">3. VMware整合带来稳定现金流与软件业务协同</h3><p>收购VMware增强软件业务板块,2025财年二季度VMware营收66亿美元,毛利率提升,续约率和跨售稳步加强。订阅制业务提升现金流可见度,降低业绩波动风险。关注续约节奏、订阅迁移及企业级AI和云基础设施创新。</p><h3 id=\"id_3581728341\">4. 财务表现稳健,股东回报力度加大</h3><p>第二季度营收利润双增长,EBITDA利润率超66%,自由现金流创历史新高。公司持续加大股息回报。第三季度将检验增长势头在宏观不确定环境下的持续性。</p><h3 id=\"id_2889162001\">5. 先进制程与封装技术对产能影响</h3><p>2nm制程与3.5D封装技术带来良率及产能节奏挑战,供应链稳定性和产线稼动率将影响芯片出货速度和利润率。投资者需关注管理层风险管控。</p><h3 id=\"id_3808221494\">6. 市场竞争与客户项目节奏带来的短期波动</h3><p>代际产品转换和客户侧产品迭代可能引发收入和毛利波动,单一大客户订单节奏对短期业绩影响明显。关注管理层应对策略及指引。</p><h2 id=\"id_34158634\">分析师观点</h2><ul style=\"\"><li><p><strong><a href=\"https://laohu8.com/S/UBS\">瑞银</a></strong>:维持买入,目标价345美元。看好<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>TPUv6p出货趋势及定制芯片中长期市场潜力。</p></li><li><p><strong><a href=\"https://laohu8.com/S/JPM\">摩根大通</a></strong>:维持增持,目标价325美元。预计AI需求带动XPU与高性能网络增长,VMware保持增长动力。</p></li><li><p><strong><a href=\"https://laohu8.com/S/HSBC\">汇丰</a></strong>:评级上调至买入,目标价400美元。ASIC动能超预期,AI芯片量价结构改善。</p></li><li><p><strong>美银证券</strong>:维持买入,目标价300美元。强调现金流和股息提升空间。</p></li><li><p><strong>瑞穗证券</strong>:维持买入,目标价315美元。看好AI网络与VMware双引擎带来的确定性。</p></li></ul><h2 id=\"id_2807104868\">总结</h2><p>博通凭借定制AI加速器和高速以太网芯片的双轮驱动,加上VMware软件业务稳定现金流,展现强劲增长韧性。市场普遍看好其第三季度业绩及未来指引,认为硬件订单交付顺畅及软件续约稳健将推动持续增长。投资者应关注9月4日财报及管理层指引,评估公司中长期增长潜力。</p><p><em>此内容基于tiger AI及彭博数据生成,内容仅供参考。</em></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>财报前瞻 | 博通营收预计158亿美元,AI定制芯片与高速网络驱动业绩爆发</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n财报前瞻 | 博通营收预计158亿美元,AI定制芯片与高速网络驱动业绩爆发\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1017018787\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">财报Agent </p>\n<p class=\"h-time\">2025-08-27 16:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AVGO\">博通</a>将于美东时间2025年9月4日盘后公布2025财年第三季度财报。根据彭博社一致预期,公司本季度营收预计达到158.27亿美元,同比增长21.07%;调整后每股收益预计为1.67美元,同比增长34%。</p><p>此前公司指引显示,第三季度营收约158亿美元,同比增长约21%,EBITDA利润率预计至少维持66%。在AI业务方面,<a href=\"https://laohu8.com/S/600455\">博通</a>预计本季度AI半导体营收将达到51亿美元,实现连续第十个季度增长。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/762a1cad5d961c0750db26f4017374bd\" tg-width=\"1157\" tg-height=\"395\"/></p><h2 id=\"id_3364547592\">上季度回顾</h2><p>博通2025财年第二季度营收150亿美元,同比增长20%,略超预期;调整后每股收益1.58美元,增长43.6%;净利润达77.87亿美元,增长44%。EBITDA为100.01亿美元,占营收比66.7%,同比增长34.6%。数据中心及网络半导体业务营收84.1亿美元,增长16.7%。</p><p>AI芯片收入同比增长46%,达到44亿美元,但增速较上一季度的77%有所放缓。CEO陈福阳表示,营收创新高主要受半导体解决方案和云计算公司VMware业务驱动。</p><h2 id=\"id_27036111\">本季度看点</h2><h3 id=\"id_2179892727\">1. 定制AI加速器(XPU)业务持续高速增长</h3><p>依托<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>TPUv6p等领先客户,定制XPU出货稳步提升,预计2025财年AI收入同比增约60%。投资者关注TPUv6p出货趋势及订单转化,尤其是单价能否持续提升。定制XPU的高算力与能效优势助力超大规模数据中心应用。</p><h3 id=\"id_238079772\">2. 以太网交换芯片需求强劲,推动网络业务增长</h3><p>Tomahawk 6等新一代交换芯片已开始出货,支持102.4Tbps交换能力,提升数据中心网络吞吐及能效。1.6T光模块升级增强集群扩展性和性价比,巩固高端交换/路由市场领先地位。重点关注产品交付节奏及客户验收。</p><h3 id=\"id_4032867582\">3. VMware整合带来稳定现金流与软件业务协同</h3><p>收购VMware增强软件业务板块,2025财年二季度VMware营收66亿美元,毛利率提升,续约率和跨售稳步加强。订阅制业务提升现金流可见度,降低业绩波动风险。关注续约节奏、订阅迁移及企业级AI和云基础设施创新。</p><h3 id=\"id_3581728341\">4. 财务表现稳健,股东回报力度加大</h3><p>第二季度营收利润双增长,EBITDA利润率超66%,自由现金流创历史新高。公司持续加大股息回报。第三季度将检验增长势头在宏观不确定环境下的持续性。</p><h3 id=\"id_2889162001\">5. 先进制程与封装技术对产能影响</h3><p>2nm制程与3.5D封装技术带来良率及产能节奏挑战,供应链稳定性和产线稼动率将影响芯片出货速度和利润率。投资者需关注管理层风险管控。</p><h3 id=\"id_3808221494\">6. 市场竞争与客户项目节奏带来的短期波动</h3><p>代际产品转换和客户侧产品迭代可能引发收入和毛利波动,单一大客户订单节奏对短期业绩影响明显。关注管理层应对策略及指引。</p><h2 id=\"id_34158634\">分析师观点</h2><ul style=\"\"><li><p><strong><a href=\"https://laohu8.com/S/UBS\">瑞银</a></strong>:维持买入,目标价345美元。看好<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>TPUv6p出货趋势及定制芯片中长期市场潜力。</p></li><li><p><strong><a href=\"https://laohu8.com/S/JPM\">摩根大通</a></strong>:维持增持,目标价325美元。预计AI需求带动XPU与高性能网络增长,VMware保持增长动力。</p></li><li><p><strong><a href=\"https://laohu8.com/S/HSBC\">汇丰</a></strong>:评级上调至买入,目标价400美元。ASIC动能超预期,AI芯片量价结构改善。</p></li><li><p><strong>美银证券</strong>:维持买入,目标价300美元。强调现金流和股息提升空间。</p></li><li><p><strong>瑞穗证券</strong>:维持买入,目标价315美元。看好AI网络与VMware双引擎带来的确定性。</p></li></ul><h2 id=\"id_2807104868\">总结</h2><p>博通凭借定制AI加速器和高速以太网芯片的双轮驱动,加上VMware软件业务稳定现金流,展现强劲增长韧性。市场普遍看好其第三季度业绩及未来指引,认为硬件订单交付顺畅及软件续约稳健将推动持续增长。投资者应关注9月4日财报及管理层指引,评估公司中长期增长潜力。</p><p><em>此内容基于tiger AI及彭博数据生成,内容仅供参考。</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/52494a0148c812202dfea33f1ee9a9b0","relate_stocks":{"AVGO":"博通"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177228929","content_text":"博通将于美东时间2025年9月4日盘后公布2025财年第三季度财报。根据彭博社一致预期,公司本季度营收预计达到158.27亿美元,同比增长21.07%;调整后每股收益预计为1.67美元,同比增长34%。此前公司指引显示,第三季度营收约158亿美元,同比增长约21%,EBITDA利润率预计至少维持66%。在AI业务方面,博通预计本季度AI半导体营收将达到51亿美元,实现连续第十个季度增长。上季度回顾博通2025财年第二季度营收150亿美元,同比增长20%,略超预期;调整后每股收益1.58美元,增长43.6%;净利润达77.87亿美元,增长44%。EBITDA为100.01亿美元,占营收比66.7%,同比增长34.6%。数据中心及网络半导体业务营收84.1亿美元,增长16.7%。AI芯片收入同比增长46%,达到44亿美元,但增速较上一季度的77%有所放缓。CEO陈福阳表示,营收创新高主要受半导体解决方案和云计算公司VMware业务驱动。本季度看点1. 定制AI加速器(XPU)业务持续高速增长依托谷歌TPUv6p等领先客户,定制XPU出货稳步提升,预计2025财年AI收入同比增约60%。投资者关注TPUv6p出货趋势及订单转化,尤其是单价能否持续提升。定制XPU的高算力与能效优势助力超大规模数据中心应用。2. 以太网交换芯片需求强劲,推动网络业务增长Tomahawk 6等新一代交换芯片已开始出货,支持102.4Tbps交换能力,提升数据中心网络吞吐及能效。1.6T光模块升级增强集群扩展性和性价比,巩固高端交换/路由市场领先地位。重点关注产品交付节奏及客户验收。3. VMware整合带来稳定现金流与软件业务协同收购VMware增强软件业务板块,2025财年二季度VMware营收66亿美元,毛利率提升,续约率和跨售稳步加强。订阅制业务提升现金流可见度,降低业绩波动风险。关注续约节奏、订阅迁移及企业级AI和云基础设施创新。4. 财务表现稳健,股东回报力度加大第二季度营收利润双增长,EBITDA利润率超66%,自由现金流创历史新高。公司持续加大股息回报。第三季度将检验增长势头在宏观不确定环境下的持续性。5. 先进制程与封装技术对产能影响2nm制程与3.5D封装技术带来良率及产能节奏挑战,供应链稳定性和产线稼动率将影响芯片出货速度和利润率。投资者需关注管理层风险管控。6. 市场竞争与客户项目节奏带来的短期波动代际产品转换和客户侧产品迭代可能引发收入和毛利波动,单一大客户订单节奏对短期业绩影响明显。关注管理层应对策略及指引。分析师观点瑞银:维持买入,目标价345美元。看好谷歌TPUv6p出货趋势及定制芯片中长期市场潜力。摩根大通:维持增持,目标价325美元。预计AI需求带动XPU与高性能网络增长,VMware保持增长动力。汇丰:评级上调至买入,目标价400美元。ASIC动能超预期,AI芯片量价结构改善。美银证券:维持买入,目标价300美元。强调现金流和股息提升空间。瑞穗证券:维持买入,目标价315美元。看好AI网络与VMware双引擎带来的确定性。总结博通凭借定制AI加速器和高速以太网芯片的双轮驱动,加上VMware软件业务稳定现金流,展现强劲增长韧性。市场普遍看好其第三季度业绩及未来指引,认为硬件订单交付顺畅及软件续约稳健将推动持续增长。投资者应关注9月4日财报及管理层指引,评估公司中长期增长潜力。此内容基于tiger AI及彭博数据生成,内容仅供参考。","news_type":1,"symbols_score_info":{"AVGO":1.1}},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":467055524512152,"gmtCreate":1755044032244,"gmtModify":1755044034146,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"以前每次减仓都暴跌,最近一个月无惧股东减仓,说明就是被主力控制了","listText":"以前每次减仓都暴跌,最近一个月无惧股东减仓,说明就是被主力控制了","text":"以前每次减仓都暴跌,最近一个月无惧股东减仓,说明就是被主力控制了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/467055524512152","repostId":"1130672856","repostType":2,"repost":{"id":"1130672856","kind":"news","weMediaInfo":{"introduction":"重大公告快速掌握","home_visible":1,"media_name":"老虎公告助手","id":"1094185691","head_image":"https://static.tigerbbs.com/f241068b466f5f9316243a75366834d5"},"pubTimestamp":1755030025,"share":"https://www.laohu8.com/m/news/1130672856?lang=&edition=full","pubTime":"2025-08-13 04:20","market":"us","language":"zh","title":"Form 144 | Astera Labs高管Michael Tate拟减持10万股,总价约1912万美元","url":"https://stock-news.laohu8.com/highlight/detail?id=1130672856","media":"老虎公告助手","summary":"Astera Labs高管Michael Tate拟于美东时间2025年8月12日出售10万股Astera Labs普通股票,总市值约1912万美元。过去3个月内,Michael Tate已累计减持70.7万股,共获得约6200万美元。","content":"Astera Labs高管Michael Tate拟于美东时间2025年8月12日出售10万股Astera Labs普通股票,总市值约1912万美元。过去3个月内,Michael Tate已累计减持70.7万股,共获得约6200万美元。","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Form 144 | Astera Labs高管Michael Tate拟减持10万股,总价约1912万美元</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForm 144 | Astera Labs高管Michael Tate拟减持10万股,总价约1912万美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1094185691\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/f241068b466f5f9316243a75366834d5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎公告助手 </p>\n<p class=\"h-time\">2025-08-13 04:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nAstera Labs高管Michael Tate拟于美东时间2025年8月12日出售10万股Astera Labs普通股票,总市值约1912万美元。过去3个月内,Michael Tate已累计减持70.7万股,共获得约6200万美元。\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ALAB":"Astera Labs, Inc."},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130672856","content_text":"Astera Labs高管Michael Tate拟于美东时间2025年8月12日出售10万股Astera Labs普通股票,总市值约1912万美元。过去3个月内,Michael Tate已累计减持70.7万股,共获得约6200万美元。","news_type":1,"symbols_score_info":{"ALAB":1}},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":464686934274432,"gmtCreate":1754474558329,"gmtModify":1754474559920,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"120","listText":"120","text":"120","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/464686934274432","isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":462561225667008,"gmtCreate":1753935636706,"gmtModify":1753935638422,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"100","listText":"100","text":"100","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/462561225667008","isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457190128468504,"gmtCreate":1752655369679,"gmtModify":1752657300429,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"跌6%就算大跌了?这么个垃圾一年涨10倍你咋不说泡沫,都还没有跌50%啊,太少了.","listText":"跌6%就算大跌了?这么个垃圾一年涨10倍你咋不说泡沫,都还没有跌50%啊,太少了.","text":"跌6%就算大跌了?这么个垃圾一年涨10倍你咋不说泡沫,都还没有跌50%啊,太少了.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/457190128468504","repostId":"2551132411","repostType":2,"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":425572273709512,"gmtCreate":1744909547256,"gmtModify":1744909549145,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"别跌啦再跌就亏钱了","listText":"别跌啦再跌就亏钱了","text":"别跌啦再跌就亏钱了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/425572273709512","isVote":1,"tweetType":1,"viewCount":1042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":425107079082360,"gmtCreate":1744795983119,"gmtModify":1744795985099,"author":{"id":"3558909450416751","authorId":"3558909450416751","name":"superchance","avatar":"https://static.tigerbbs.com/b0913e949e666ea90407a6f8bf3bba2f","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558909450416751","authorIdStr":"3558909450416751"},"themes":[],"htmlText":"赶上利空了,不破发不错了","listText":"赶上利空了,不破发不错了","text":"赶上利空了,不破发不错了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/425107079082360","isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"followers","isTTM":false}