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Feb 02, 2020
Broadcom Q1 2020 Earnings Report
Broadcom's Q1 2020 financial results were announced.
Key Takeaways
Broadcom reported first quarter revenue of $5.858 billion and GAAP net income of $385 million. The company's networking, storage, and broadband businesses grew year-over-year. They are withdrawing their annual guidance due to COVID-19 uncertainties.
Revenue was $5,858 million.
GAAP net income was $385 million.
GAAP diluted EPS was $0.74; Non-GAAP diluted EPS was $5.25.
Free cash flow from operations was $2,214 million.
Revenue by Segment
Forward Guidance
Broadcom is providing quarterly guidance for the second quarter of fiscal year 2020 and withdrawing prior annual guidance due to uncertainties from COVID-19.
Positive Outlook
- Second quarter revenue guidance of $5.7 billion plus or minus $150 million
- Second quarter Adjusted EBITDA guidance of $3,135 million plus or minus $75 million, or 55% of revenue at the midpoint of guidance
Challenges Ahead
- Uncertainties in the global business environment arising from the effects of COVID-19
- Company is withdrawing its prior annual guidance for fiscal year 2020
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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