Broadcom Inc

AVGO

Equity

ISIN US11135F1012 / Valor 41112361

NASDAQ (2024-09-17)

USD 162.47-0.95%

Broadcom Inc
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About company

Broadcom Inc., headquartered in Palo Alto, California, is a prominent player in the global infrastructure technology sector, boasting a legacy of over 60 years that includes the foundational contributions of AT&T/Bell Labs, Lucent, and Hewlett-Packard/Agilent. The company has significantly expanded its technological footprint and market influence through strategic acquisitions, including LSI, Broadcom Corporation, Brocade, CA Technologies, Symantec's enterprise security business, and VMware. Broadcom Inc. specializes in developing semiconductor and infrastructure software solutions, positioning itself as a leader in various product categories. It serves a wide array of the world's most successful companies, leveraging its extensive engineering capabilities, diverse product portfolio, and operational efficiency to deliver innovative solutions that address the complex needs of a rapidly evolving IT landscape.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Broadcom Inc. reported a significant increase in revenue for the second quarter of fiscal year 2024, reaching $12,487 million. This marks a 43% growth compared to the same period in the previous year, driven by strong demand for AI products and contributions from VMware.

Net Income

For the second quarter of fiscal year 2024, Broadcom Inc. recorded a GAAP net income of $2,121 million. On a non-GAAP basis, the net income was substantially higher at $5,394 million, reflecting the company's robust financial performance.

Adjusted EBITDA

Broadcom Inc. achieved an adjusted EBITDA of $7,429 million for the second quarter of fiscal year 2024, which represents 59% of the total revenue. This is a notable increase from the previous year's adjusted EBITDA of $5,686 million for the same period.

Free Cash Flow

In the second quarter of fiscal year 2024, Broadcom Inc. generated $4,580 million in cash from operations. After accounting for capital expenditures of $132 million, the company reported a free cash flow of $4,448 million, equating to 36% of the revenue.

Quarterly Dividend

Broadcom Inc. announced a quarterly cash dividend of $5.25 per share for the second quarter of fiscal year 2024. The dividend is scheduled to be paid on June 28, 2024, to stockholders of record as of June 24, 2024.

Summarized from source with an LLMView Source

Key figures

90.8%1Y

221%3Y

463%5Y

Performance

43.0%1Y

37.2%3Y

39.1%5Y

Volatility