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Jan 31, 2021
Broadcom Q1 2021 Earnings Report
Broadcom's Q1 2021 financial results were announced, showing revenue growth and strong free cash flow.
Key Takeaways
Broadcom Inc. reported a 14% increase in revenue to $6,655 million for the first quarter of fiscal year 2021. GAAP net income was $1,378 million, with diluted EPS of $3.05. The company generated $2,999 million in free cash flow and provided guidance for the second quarter, projecting revenue of approximately $6.5 billion and adjusted EBITDA of approximately 59% of projected revenue.
Revenue for the first quarter reached $6,655 million, a 14% increase year-over-year.
GAAP net income for the first quarter was $1,378 million, with an adjusted EBITDA of $3,941 million.
GAAP diluted EPS was $3.05 for the first quarter, while non-GAAP diluted EPS was $6.61.
Free cash flow from operations was $2,999 million for the first quarter.
Broadcom
Broadcom
Broadcom Revenue by Segment
Revenue by Segment
Semiconductor Revenue
CapyFin.comInfrastructure Software Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal year 2021, Broadcom expects revenue of approximately $6.5 billion and adjusted EBITDA of approximately 59 percent of projected revenue.
Positive Outlook
- Second quarter revenue guidance of approximately $6.5 billion.
- Expected revenue increase of 13 percent from the prior year period.
- Second quarter Adjusted EBITDA guidance of approximately 59 percent of projected revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income