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Jan 30, 2022
Broadcom Q1 2022 Earnings Report
Broadcom's Q1 2022 results reflected strong enterprise demand and investments in next-generation technology, driving record revenue and operating profit growth.
Key Takeaways
Broadcom's first quarter fiscal year 2022 saw record revenue of $7.706 billion, a 16% increase year-over-year, driven by strong enterprise demand and investments in next-generation technology. The company reported GAAP net income of $2.472 billion and non-GAAP diluted EPS of $8.39. Broadcom returned $4.5 billion to shareholders through dividends and share repurchases and anticipates continued strength in the second quarter.
Revenue reached $7,706 million, a 16% increase compared to the prior year period.
GAAP net income was $2,472 million for the first quarter.
GAAP diluted EPS was $5.59, while non-GAAP diluted EPS reached $8.39.
Free cash flow from operations totaled $3,385 million.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal year 2022, Broadcom anticipates revenue of approximately $7.9 billion, representing a 20% increase from the prior year period, and Adjusted EBITDA is expected to be approximately 62.5% of projected revenue.
Positive Outlook
- Second quarter revenue guidance of approximately $7.9 billion.
- Expected revenue increase of 20 percent from the prior year period.
- Second quarter Adjusted EBITDA guidance of approximately 62.5 percent of projected revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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