Broadcom Q1 2023 Earnings Report
Key Takeaways
Broadcom's first quarter fiscal year 2023 showed strong performance with a 16% year-over-year increase in revenue to $8.915 billion and a 16% increase in free cash flow to $3.9 billion. The adjusted EBITDA margin increased to 64%, and the company provided guidance for the second quarter with revenue of approximately $8.7 billion and an adjusted EBITDA margin of approximately 64.5%.
Revenue increased by 16% year-over-year to $8,915 million.
Adjusted EBITDA was $5,678 million.
Non-GAAP diluted EPS was $10.33, while GAAP diluted EPS was $8.80.
Free cash flow increased by 16% year-over-year to $3.9 billion.
Broadcom
Broadcom
Broadcom Revenue by Segment
Forward Guidance
For the second quarter of fiscal year 2023, Broadcom expects revenue of approximately $8.7 billion and an adjusted EBITDA margin of approximately 64.5% of projected revenue.
Positive Outlook
- Second quarter revenue guidance of approximately $8.7 billion.
- Second quarter revenue guidance reflects an increase of 8% from the prior year period.
- Second quarter Adjusted EBITDA guidance of approximately 64.5 percent of projected revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income