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May 02, 2021
Broadcom Q2 2021 Earnings Report
Broadcom's Q2 2021 financial results were announced, showing revenue growth and strong free cash flow generation.
Key Takeaways
Broadcom reported Q2 revenue of $6.61 billion, a 15% increase year-over-year, driven by strong semiconductor demand. GAAP net income was $1.49 billion, with a free cash flow of $3.44 billion, representing 52% of revenue. The company provided Q3 revenue guidance of approximately $6.75 billion.
Revenue reached $6.61 billion, up 15% year-over-year.
GAAP net income was $1.493 billion.
GAAP diluted EPS was $3.30, while non-GAAP diluted EPS was $6.62.
Free cash flow was $3.443 billion, representing 52% of revenue.
Revenue by Segment
Forward Guidance
Broadcom anticipates strong demand to continue, with third quarter revenue expected to be approximately $6.75 billion and Adjusted EBITDA to be approximately 60% of projected revenue.
Positive Outlook
- Third quarter revenue guidance of approximately $6.75 billion, an expected increase of 16 percent from the prior year period
- Strength in demand for semiconductors across multiple end markets
- Sustained year-over-year growth in third quarter
- Strong demand from service providers
- Strong demand from hypercloud
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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