Broadcom Inc. continues its upward trajectory with impressive results for the second quarter of fiscal year 2024. Key financial highlights include:

• Revenue: $12.49 billion, a 43% increase year-over-year.
• GAAP Net Income: $2.12 billion, with Non-GAAP Net Income at $5.39 billion.
• Adjusted EBITDA: $7.43 billion, or 59% of revenue.
• Earnings Per Share: GAAP diluted EPS of $4.42, Non-GAAP diluted EPS of $10.96.
• Free Cash Flow: $4.45 billion, representing 36% of revenue.
• Shareholder Returns: Quarterly dividend of $5.25 per share.

Driven by strong demand for AI products and VMware's infrastructure software, Broadcom achieved a record $3.1 billion in AI product revenue this quarter. Broadcom Inc. fiscal year 2024 revenue guidance is now raised to approximately $51 billion, with an adjusted EBITDA of 61% of projected revenue.

In addition, Broadcom management are pleased to announce a ten-for-one forward stock split, effective July 15, 2024, making Broadcom stock more accessible to a broader range of investors.

Contents:

• Broadcom Inc. (“AVGO”) Company Profile
• AVGO: Broadcom Competitors
• AVGO: Recent Financial Performance
• AVGO: Chart Pattern Technical Analysis
• AVGO: Analysis
• AVGO: Analyst Reports
• AVGO: Earnings Consensus
• AVGO: Financial Strength
• AVGO: FORM 10 – K
• AVGO: Analysis of Profitability Ratios
• AVGO: Analysis of Total Debt – Fiscal Years
• AVGO: Analysis of Total Debt (Definition)
• AVGO: Quant Data Dark Pool Trade
• AVGO: What is the guidance for Broadcom Inc. in 2024?
• AVGO: Explanation of Outlook Analysis
• AVGO: Explanation of Headwinds
• AVGO: How to Invest in Broadcom Inc.?
• AVGO: Media Contacts
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