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Broadcom Inc. Announces First Quarter Fiscal Year 2025 Financial Results and Quarterly Dividend

Published

1 year ago

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Revenue of $14,916 million for the first quarter, up 25 percent from the prior year periodGAAP net income of $5,503 million for the first quarter; Non-GAAP net income of $7,823 million for the first quarterAdjusted EBITDA of $10,083 million for the first quarter, or 68 percent of revenueGAAP diluted EPS of $1.14 for the first quarter; Non-GAAP diluted EPS of $1.60 for the first quarterCash from operations of $6,113 million for the first quarter, less capital expenditures of $100 million, resulted in $6,013 million of free cash flow, or 40 percent of revenueQuarterly common stock dividend of $0.59 per shareSecond quarter fiscal year 2025 revenue guidance of approximately $14.9 billion, an increase of 19 percent from the prior year periodSecond quarter fiscal year 2025 Adjusted EBITDA guidance of approximately 66 percent of projected revenue (1)

PALO ALTO, Calif., March 6, 2025 /PRNewswire/ — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2025, ended February 2, 2025, provided guidance for its second quarter of fiscal year 2025 and announced its quarterly dividend.

“Broadcom’s record first quarter revenue and adjusted EBITDA were driven by both AI semiconductor solutions and infrastructure software. Q1 AI revenue grew 77% year-over-year to $4.1 billion and infrastructure software revenue grew 47% year-over-year to $6.7 billion,” said Hock Tan, President and CEO of Broadcom Inc. “We expect continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers.”

“Consolidated revenue grew 25% year-over-year to a record $14.9 billion. Adjusted EBITDA increased 41% year-over-year to a record $10.1 billion,” said Kirsten Spears, CFO of Broadcom Inc. “Free cash flow was $6.0 billion, up 28% year-over-year.”

(1) The Company is not readily able to provide a reconciliation of the projected non-GAAP financial information presented to the relevant projected GAAP measure without unreasonable effort.

First Quarter Fiscal Year 2025 Financial Highlights

GAAP

Non-GAAP

(Dollars in millions, except per share data)

Q1 25

Q1 24

Change

Q1 25

Q1 24

Change

Net revenue

$

14,916

$

11,961

+25

%

$

14,916

$

11,961

+25

%

Net income

$

5,503

$

1,325

+$

4,178

$

7,823

$

5,254

+$

2,569

Earnings per common share – diluted

$

1.14

$

0.28

+$

0.86

$

1.60

$

1.10

+$

0.50

(Dollars in millions)

Q1 25

Q1 24

Change

Cash flow from operations

$

6,113

$

4,815

+$

1,298

Adjusted EBITDA

$

10,083

$

7,156

+$

2,927

Free cash flow

$

6,013

$

4,693

+$

1,320

Net revenue by segment

(Dollars in millions)

Q1 25

Q1 24

Change

Semiconductor solutions

$

8,212

55

%

$

7,390

62

%

+11

%

Infrastructure software

6,704

45

4,571

38

+47

%

Total net revenue

$

14,916

100

%

$

11,961

100

%

 

The Company’s cash and cash equivalents at the end of the fiscal quarter were $9,307 million, compared to $9,348 million at the end of the prior fiscal quarter.

During the first fiscal quarter, the Company generated $6,113 million in cash from operations and spent $100 million on capital expenditures. The Company paid $2,036 million of withholding taxes related to net settled equity awards that vested in the quarter (resulting in the elimination of 8.7 million shares).

On December 31, 2024, the Company paid a cash dividend of $0.59 per share, totaling $2,774 million.

The differences between the Company’s GAAP and non-GAAP results are described generally under “Non-GAAP Financial Measures” below and presented in detail in the financial reconciliation tables attached to this release.

Second Quarter Fiscal Year 2025 Business Outlook

Based on current business trends and conditions, the outlook for the second quarter of fiscal year 2025, ending May 4, 2025, is expected to be as follows: 

Second quarter revenue guidance of approximately $14.9 billion; andSecond quarter Adjusted EBITDA guidance of approximately 66 percent of projected revenue.

The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. The Company is not readily able to provide a reconciliation of projected Adjusted EBITDA to projected net income without unreasonable effort. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

Quarterly Dividends

The Company’s Board of Directors has approved a quarterly cash dividend of $0.59 per share. The dividend is payable on March 31, 2025, to stockholders of record at the close of business (5:00 p.m. Eastern Time) on March 20, 2025.

Financial Results Conference Call

Broadcom Inc. will host a conference call to review its financial results for the first quarter of fiscal year 2025 and to discuss the business outlook today at 2:00 p.m. Pacific Time.

To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com/.

Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom’s website at https://investors.broadcom.com/.

Non-GAAP Financial Measures

The non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. Broadcom believes non-GAAP financial information provides additional insight into the Company’s on-going performance. Therefore, Broadcom provides this information to investors for a more consistent basis of comparison and to help them evaluate the results of the Company’s on-going operations and enable more meaningful period to period comparisons. 

In addition to GAAP reporting, Broadcom provides investors with net income, operating income, gross margin, operating expenses, cash flow and other data on a non-GAAP basis. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other charges, acquisition-related costs, including integration costs, non-GAAP tax reconciling adjustments, and other adjustments. Management does not believe that these items are reflective of the Company’s underlying performance. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating the core operating performance of the Company, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to the Company’s operations, and benchmarking performance externally against the Company’s competitors. The exclusion of these and other similar items from Broadcom’s non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom’s free cash flow may not be calculated in a manner comparable to similarly named measures used by other companies.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com. 

Cautionary Note Regarding Forward-Looking Statements 

This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance, and other statements identified by words such as “will,” “expect,” “believe,” “anticipate,” “estimate,” “should,” “intend,” “plan,” “potential,” “predict,” “project,” “aim,” and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of Broadcom’s management, current information available to Broadcom’s management, and current market trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; global political and economic conditions relating to our international operations; our acquisition of VMware, Inc., including our ability to realize the expected benefits; any acquisitions or dispositions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; dependence on and risks associated with distributors and other channel partners of our products; dependence on senior management and our ability to attract and retain qualified personnel; our ability to protect against cyber security threats and a breach of security systems; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; cyclicality in the semiconductor industry or in our target markets; our ability to make successful investments in research and development; our ability to continue achieving design wins with our customers, as well as the timing of any design wins; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; prolonged disruptions of our or our contract manufacturers’ manufacturing facilities, warehouses or other significant operations; our ability to accurately estimate customers’ demand and adjust our manufacturing and supply chain accordingly; our ability to improve our manufacturing capacity and quality; involvement in legal proceedings; ability of our software products to manage and secure IT infrastructures and environments; demand for our data center virtualization products and customer acceptance of our products, services and business strategy; compatibility of our software products with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; use of open source software in our products; sales to government customers; our ability to manage products and services lifecycles; quarterly and annual fluctuations in operating results; our competitive performance; our ability to maintain or improve gross margin; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims, or other undetected defects or bugs; our compliance with privacy and data security laws; our provision for income taxes and overall cash tax costs; our ability to maintain tax concessions in certain jurisdictions; potential tax liabilities as a result of acquiring VMware; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Our filings with the SEC, which are available without charge at the SEC’s website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Ji Yoo
Broadcom Inc.
Investor Relations
650-427-6000
investor.relations@broadcom.com 

(AVGO-Q)

 

BROADCOM INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS – UNAUDITED

(IN MILLIONS, EXCEPT PER SHARE DATA)

Fiscal Quarter Ended

February 2,

November 3,

February 4,

2025

2024

2024

Net revenue

$

14,916

$

14,054

$

11,961

Cost of revenue:

Cost of revenue

3,273

3,399

3,114

Amortization of acquisition-related intangible assets

1,484

1,602

1,380

Restructuring charges

14

51

92

Total cost of revenue

4,771

5,052

4,586

Gross margin

10,145

9,002

7,375

Research and development

2,253

2,234

2,308

Selling, general and administrative

949

1,010

1,572

Amortization of acquisition-related intangible assets

511

813

792

Restructuring and other charges

172

318

620

Total operating expenses

3,885

4,375

5,292

Operating income

6,260

4,627

2,083

Interest expense

(873)

(916)

(926)

Other income, net

103

52

185

Income from continuing operations before income taxes

5,490

3,763

1,342

Provision for (benefit from) income taxes

(13)

(442)

68

Income from continuing operations

5,503

4,205

1,274

Income from discontinued operations, net of income taxes

–

119

51

Net income

$

5,503

$

4,324

$

1,325

Basic income per share:

Income per share from continuing operations

$

1.17

$

0.89

$

0.28

Income per share from discontinued operations

–

0.03

0.01

Net income per share

$

1.17

$

0.92

$

0.29

Diluted income per share:

Income per share from continuing operations

$

1.14

$

0.87

$

0.27

Income per share from discontinued operations

–

0.03

0.01

Net income per share

$

1.14

$

0.90

$

0.28

Weighted-average shares used in per share calculations:

Basic

4,695

4,679

4,517

Diluted

4,836

4,828

4,666

Stock-based compensation expense included in continuing operations:

Cost of revenue

$

153

$

159

$

161

Research and development

822

839

863

Selling, general and administrative

305

316

548

Total stock-based compensation expense

$

1,280

$

1,314

$

1,572

 

BROADCOM INC.

FINANCIAL RECONCILIATION: GAAP TO NON-GAAP – UNAUDITED

(IN MILLIONS)

Fiscal Quarter Ended

February 2,

November 3,

February 4,

2025

2024

2024

Gross margin on GAAP basis

$

10,145

$

9,002

$

7,375

Amortization of acquisition-related intangible assets

1,484

1,602

1,380

Stock-based compensation expense

153

159

161

Restructuring charges

14

51

92

Acquisition-related costs

–

–

6

Gross margin on non-GAAP basis

$

11,796

$

10,814

$

9,014

Research and development on GAAP basis

$

2,253

$

2,234

$

2,308

Stock-based compensation expense

822

839

863

Acquisition-related costs

–

–

1

Research and development on non-GAAP basis

$

1,431

$

1,395

$

1,444

Selling, general and administrative expense on GAAP basis

$

949

$

1,010

$

1,572

Stock-based compensation expense

305

316

548

Acquisition-related costs

107

86

285

Selling, general and administrative expense on non-GAAP basis

$

537

$

608

$

739

Total operating expenses on GAAP basis

$

3,885

$

4,375

$

5,292

Amortization of acquisition-related intangible assets

511

813

792

Stock-based compensation expense

1,127

1,155

1,411

Restructuring and other charges

172

318

620

Acquisition-related costs

107

86

286

Total operating expenses on non-GAAP basis

$

1,968

$

2,003

$

2,183

Operating income on GAAP basis

$

6,260

$

4,627

$

2,083

Amortization of acquisition-related intangible assets

1,995

2,415

2,172

Stock-based compensation expense

1,280

1,314

1,572

Restructuring and other charges

186

369

712

Acquisition-related costs

107

86

292

Operating income on non-GAAP basis

$

9,828

$

8,811

$

6,831

Interest expense on GAAP basis

$

(873)

$

(916)

$

(926)

Loss on debt extinguishment

65

52

–

Interest expense on non-GAAP basis

$

(808)

$

(864)

$

(926)

Other income, net on GAAP basis

$

103

$

52

$

185

(Gains) losses on investments

4

30

(33)

Other

(31)

–

–

Other income, net on non-GAAP basis

$

76

$

82

$

152

Provision for (benefit from) income taxes on GAAP basis

$

(13)

$

(442)

$

68

Non-GAAP tax reconciling adjustments

1,286

1,506

735

Provision for income taxes on non-GAAP basis

$

1,273

$

1,064

$

803

Net income on GAAP basis

$

5,503

$

4,324

$

1,325

Amortization of acquisition-related intangible assets

1,995

2,415

2,172

Stock-based compensation expense

1,280

1,314

1,572

Restructuring and other charges

186

369

712

Acquisition-related costs

107

86

292

Loss on debt extinguishment

65

52

–

(Gains) losses on investments

4

30

(33)

Other

(31)

–

–

Non-GAAP tax reconciling adjustments

(1,286)

(1,506)

(735)

Income from discontinued operations, net of income taxes

–

(119)

(51)

Net income on non-GAAP basis

$

7,823

$

6,965

$

5,254

Net income on GAAP basis

$

5,503

$

4,324

$

1,325

Non-GAAP Adjustments:

Amortization of acquisition-related intangible assets

1,995

2,415

2,172

Stock-based compensation expense

1,280

1,314

1,572

Restructuring and other charges

186

369

712

Acquisition-related costs

107

86

292

Loss on debt extinguishment

65

52

–

(Gains) losses on investments

4

30

(33)

Other

(31)

–

–

Non-GAAP tax reconciling adjustments

(1,286)

(1,506)

(735)

Income from discontinued operations, net of income taxes

–

(119)

(51)

Other Adjustments:

Interest expense

808

864

926

Provision for income taxes on non-GAAP basis

1,273

1,064

803

Depreciation

142

156

139

Amortization of purchased intangibles and right-of-use assets

37

40

34

Adjusted EBITDA

$

10,083

$

9,089

$

7,156

Weighted-average shares used in per share calculations – diluted on GAAP basis

4,836

4,828

4,666

Non-GAAP adjustment (1)

59

77

113

Weighted-average shares used in per share calculations – diluted on non-GAAP basis

4,895

4,905

4,779

Net cash provided by operating activities

$

6,113

$

5,604

$

4,815

Purchases of property, plant and equipment

(100)

(122)

(122)

Free cash flow

$

6,013

$

5,482

$

4,693

 Fiscal
Quarter

Ending 

May 4,

Expected average diluted share count: 

2025

Weighted-average shares used in per share calculation – diluted on GAAP basis

4,840

Non-GAAP adjustment (1)

107

Weighted-average shares used in per share calculation – diluted on non-GAAP basis

4,947

(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation
expense expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be
used to repurchase shares under the GAAP treasury stock method.

 

BROADCOM INC.

CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED

(IN MILLIONS)

February 2,

November 3,

2025

2024

ASSETS

Current assets:

Cash and cash equivalents

$

9,307

$

9,348

Trade accounts receivable, net

4,955

4,416

Inventory

1,908

1,760

Other current assets

4,820

4,071

Total current assets

20,990

19,595

Long-term assets:

Property, plant and equipment, net

2,465

2,521

Goodwill

97,871

97,873

Intangible assets, net

38,583

40,583

Other long-term assets

5,449

5,073

Total assets

$

165,358

$

165,645

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

1,905

$

1,662

Employee compensation and benefits

922

1,971

Short-term debt

5,653

1,271

Other current liabilities

12,430

11,793

Total current liabilities

20,910

16,697

Long-term liabilities:

Long-term debt

60,926

66,295

Other long-term liabilities

13,733

14,975

Total liabilities

95,569

97,967

Stockholders’ equity:

Preferred stock

–

–

Common stock

5

5

Additional paid-in capital

66,848

67,466

Retained earnings

2,729

–

Accumulated other comprehensive income

207

207

Total stockholders’ equity

69,789

67,678

  Total liabilities and equity

$

165,358

$

165,645

 

BROADCOM INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED

(IN MILLIONS)

Fiscal Quarter Ended

February 2,

November 3,

February 4,

2025

2024

2024

Cash flows from operating activities:

Net income

$

5,503

$

4,324

$

1,325

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization of intangible and right-of-use assets

2,032

2,455

2,206

Depreciation

142

156

139

Stock-based compensation

1,280

1,314

1,582

Deferred taxes and other non-cash taxes

(696)

(868)

(294)

Loss on debt extinguishment

65

52

–

Non-cash interest expense

97

91

102

Other

41

138

38

Changes in assets and liabilities, net of acquisitions and disposals:

  Trade accounts receivable, net

(539)

249

1,756

  Inventory

(148)

134

(14)

  Accounts payable

241

(85)

(74)

  Employee compensation and benefits

(908)

196

(660)

  Other current assets and current liabilities

26

(1,410)

(2,182)

  Other long-term assets and long-term liabilities

(1,023)

(1,142)

891

Net cash provided by operating activities

6,113

5,604

4,815

Cash flows from investing activities:

Acquisition of business, net of cash acquired

–

–

(25,416)

Purchases of property, plant and equipment

(100)

(122)

(122)

Purchases of investments

(105)

(30)

(13)

Sales of investments

18

20

89

Other

13

–

(15)

Net cash used in investing activities

(174)

(132)

(25,477)

Cash flows from financing activities:

Proceeds from long-term borrowings

2,986

4,969

30,010

Payments on debt obligations

(8,090)

(7,472)

(934)

Proceeds from commercial paper, net

3,980

–

–

Payments of dividends

(2,774)

(2,484)

(2,435)

Repurchases of common stock – repurchase program

–

–

(7,176)

Shares repurchased for tax withholdings on vesting of equity awards

(2,036)

(1,204)

(1,114)

Issuance of common stock

–

126

–

Other

(46)

(11)

(14)

Net cash provided by (used in) financing activities

(5,980)

(6,076)

18,337

Net change in cash and cash equivalents

(41)

(604)

(2,325)

Cash and cash equivalents at beginning of period

9,348

9,952

14,189

Cash and cash equivalents at end of period

$

9,307

$

9,348

$

11,864

Supplemental disclosure of cash flow information:

Cash paid for interest

$

671

$

738

$

750

Cash paid for income taxes

$

404

$

832

$

904

 

View original content:https://www.prnewswire.com/news-releases/broadcom-inc-announces-first-quarter-fiscal-year-2025-financial-results-and-quarterly-dividend-302395106.html

SOURCE Broadcom Inc.

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Technology

Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment

Published

57 minutes ago

on

July 23, 2026

By

Broader AI adoption improves productivity across asset recovery and enterprise operations

BEIJING, July 23, 2026 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced measurable operating efficiency improvements as it continues to deploy AI agents across core enterprise workflows. Broader AI adoption is reducing manual intervention, increasing workforce productivity and creating greater operating leverage by automating high-volume processes across multiple business functions.

These deployments are a key component of Yiren Digital’s “All-in-AI” strategy and its broader transition from AI-assisted productivity toward agent-driven execution. By embedding AI agents into core workflows, the Company is creating reusable operating capabilities that can be deployed across its businesses, supporting greater efficiency and reducing the cost of extending automation into new functions.

“Our objective is not simply to automate individual tasks, but to fundamentally improve how work is performed across the enterprise,” said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. “As AI agents take on more of our high-volume, demanding workflows, the productivity gains are becoming a structural part of how we run the business, not a one-time efficiency project. We will continue to deepen AI integration across our existing businesses while extending reusable capabilities into additional verticals.”

The AI deployments are supported by the Company’s proprietary enterprise AI architecture, including MagiCube 2.0, its upgraded multi-agent platform. The platform provides common infrastructure for agents deployed across marketing, customer service, capital operations, risk management, compliance and research and development, with more than 10 reusable foundational capabilities, supporting enterprise-wide execution.

Measurable Operating Impact

Lower manual intervention: The human handling rate in asset-recovery operations decreased from 45.0% to 24.9%, representing a 20.1-percentage-point decline, an approximately 44.6% relative reduction in manual intervention.

Higher staff productivity: The number of service tickets handled per asset-recovery staff member within the applicable Month 1 workflow increased from 358 to 525, an improvement of approximately 47%.

Expanded agent adoption: AI agents accounted for 81% of service tickets within eligible Day 1 asset-recovery workflows in 2025, up from 50% in 2024. The Company also deployed AI agents selectively in later-stage workflows, accounting for 20% of eligible service tickets at Day 4, 14% at Day 16 and 20% at Month 2. Each percentage is calculated separately for the relevant stage and should not be interpreted as a sequential adoption trend.

Enterprise-wide reuse: MagiCube 2.0 supports agent deployment across six enterprise functions, allowing the Company to apply common AI capabilities to a broader range of regulated and high-volume workflows.

Enterprise-scale AI execution: The Fengchao AI voice agent processes approximately 1,500 hours of real-time speech-to-text activity each day. The LingShu intelligent marketing platform executes more than 1,700 tasks daily and generates individualized communication content in an average of 0.6 seconds.

Building Enterprise Operating Leverage Through AI

As AI deployment expands across the enterprise, Yiren Digital is increasingly shifting repetitive, high-volume tasks from human-assisted processes toward agent-driven execution. By combining AI agents with centralized orchestration and governance, the Company is improving operating consistency, strengthening workforce productivity and creating reusable capabilities that increase operating leverage as AI is deployed across additional business functions.

Yiren Digital plans to continue expanding agent-driven workflows across its credit and insurance operations, as part of its ongoing All-in-AI strategy, while strengthening the shared architecture and governance that support enterprise-wide AI deployment. These capabilities are designed to scale across multiple use cases and provide a foundation for the Company’s broader expansion into AI application-layer opportunities, including AI entertainment and AI-assisted language learning.

About Yiren Digital

Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/yiren-digital-accelerates-operating-efficiency-through-ai-agent-deployment-302833201.html

SOURCE Yiren Digital Ltd.

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Infinium Edge Launches EdgeSites™, a New Infrastructure Model for Deploying AI Compute at Existing Commercial and Industrial Facilities

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57 minutes ago

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July 23, 2026

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EdgeSites delivers operational AI infrastructure in existing powered buildings — factory-built data center modules, waterless cooling, and ready in months without new construction or grid interconnection required.

SACRAMENTO, Calif., July 23, 2026 /PRNewswire/ — Infinium Edge™ today announced Infinium EdgeSites™, a development program that utilizes existing commercial and industrial facilities to deploy operational AI compute infrastructure. Built around Infinium Edge’s proprietary Edge Thermal Vectoring™ immersion cooling platform, EdgeSites enables high-density GPU deployments in existing buildings that were never designed as data centers — without new construction, without cooling water infrastructure, and without the multi-year grid interconnection timelines that constrain conventional large-scale data center development.

More than 20 million commercial and industrial electricity customers in the US are served by electrical infrastructure sized to peak demand – which industry research shows are utilized at only 40-60% on average. That unused headroom, capacity already contracted, energized, and sitting behind the meter, can support high-density AI compute without adding new load to the grid or waiting on a new interconnection.

At the center of the program is the Vector ONE™ — Edge’s factory-built, self-contained immersion cooling system designed to house 1 MW of AI compute capacity. Vector ONE units are engineered for deployment in standard commercial and industrial buildings, either indoors or outdoors, arriving pre-integrated, fully commissioned and require no municipal water connection. Installations are modular and scalable: additional units can be commissioned as site power and demand allow, without rebuilding the underlying infrastructure and occupy up to 70% less floor space than air-cooled equivalents.

Built for the Shift to Inference

As inference moves to displace training as the dominant AI workload, the growth opportunity is shifting towards small, distributed data centers that can be deployed quickly and sited where demand originates. Conventional data center developments are under compounding pressure from long utility interconnection queues, sometimes lasting years, pressure around water use, and general community and regulatory opposition enacting restrictions. Community opposition and regulatory friction delayed or blocked an estimated $156 billion in planned U.S. data center capacity in 2025 alone.

EdgeSites is purpose-built for the structural shift to inference and addresses key issues stalling conventional data center developments today. Each Vector ONE unit delivers 1 MW of inference-ready capacity inside an existing building, in a market that already has established electrical infrastructure, in a timeline measured in months rather than years. Multiple units can be used in tandem to deploy up to 10 MW of capacity at a single site.  The program converts the distributed inventory of underutilized industrial or commercial electrical capacity in the United States into a nationally scaled inference network. Vector ONE’s dry-cooler loop consumes no municipal water, making EdgeSites viable in markets where evaporative cooling has been restricted or banned.

“The data center industry has been answering an infrastructure shortage with a construction playbook — build new facilities, secure new grid connections, wait years for capacity to come online,” said Robert Schuetzle, CEO of Infinium. “That model cannot keep pace with AI deployment timelines. Infinium EdgeSites operate around different premises: the power already exists, the buildings already exist, and the technology now exists to put them to work. We are making operational what the industry has been treating as stranded.”

Deploying EdgeSites

As demand for AI compute continues to outpace available infrastructure and focuses on distributed inference needs, Infinium Edge is expanding the EdgeSites network with qualified host locations and compute partners.

Commercial and industrial property owners of industrial sites, distribution centers, warehouses, or large commercial properties with available electrical capacity benefit from receiving lease income from infrastructure they already own or control. Infinium Edge manages all aspects of site development and operations for installing and deploying the Vector ONE system. No capital investment or operational responsibility is required from the host.

AI companies, enterprises, and compute operators requiring infrastructure on compressed deployment timelines can access high-density, edge-proximate GPU capacity through a straightforward capacity agreement, priced by the kilowatt-month, with backup power included in the capacity fee. There is no construction to manage, no permitting process to navigate, and no cooling infrastructure to operate or maintain.

Infinium Edge manages the full program from development and installation to operation and monitoring— simplifying development and data center management for AI companies and enterprises.

Reach out to learn more and partner in EdgeSites deployments.

Inquiries: www.infinium.ai/edgesites

About Infinium Edge™
Infinium Edge™ is the advanced AI data center infrastructure platform from Infinium, delivering high-density, sustainable compute through proprietary single-phase immersion cooling technology. Infinium Edge is the only North American producer of Fischer-Tropsch immersion fluids and offers a full-stack platform — including Edge Thermal Vectoring™ platform, Vector ONE™ modular AI Factory units, ETV100 immersion fluids, and integrated monitoring systems — engineered for the thermal and operational demands of AI and high-performance computing at scale. For more information, visit www.infinium.ai.

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SOURCE Infinium

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ChipMOS SCHEDULES SECOND QUARTER 2026 FINANCIAL RESULTS SEMIANNUAL CONFERENCE CALL

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57 minutes ago

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July 23, 2026

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HSINCHU, July 23, 2026 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2026 results and host a semiannual conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, August 11, 2026.

Investors and analysts are encouraged to participate in the semiannual conference call using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website.

Date: Tuesday, August 11, 2026
Time: 3:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-3396 1191
Password: 1637011 #

Semiannual Conference Call Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts Approximately 2 hours after the live call ends

Language: Mandarin

Note: A transcript will be provided on the Company’s website in English following the semiannual conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

View original content:https://www.prnewswire.com/news-releases/chipmos-schedules-second-quarter-2026-financial-results-semiannual-conference-call-302831885.html

SOURCE ChipMOS TECHNOLOGIES INC.

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