Broadcom Q2 2021 Earnings Report
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.
Broadcom
Broadcom
Broadcom 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