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May 01, 2022
Broadcom Q2 2022 Earnings Report
Reported second quarter fiscal year 2022 financial results and quarterly dividends.
Key Takeaways
Broadcom's second quarter revenue reached a record $8.1 billion, a 23% increase year-over-year, with operating profit increasing 30%. The company generated $4.2 billion in free cash flow and returned $4.5 billion to shareholders through dividends and share repurchases.
Revenue of $8,103 million for the second quarter, up 23 percent from the prior year period
GAAP net income of $2,590 million for the second quarter
GAAP diluted EPS of $5.93 for the second quarter; Non-GAAP diluted EPS of $9.07 for the second quarter
$4,158 million of free cash flow from operations for the second quarter
Revenue by Segment
Forward Guidance
Third quarter revenue is expected to be approximately $8.4 billion, representing an increase of 24 percent from the prior year period. Third quarter Adjusted EBITDA is expected to be approximately 63.5 percent of projected revenue.
Positive Outlook
- Third quarter revenue guidance of approximately $8.4 billion
- Expected revenue increase of 24 percent from the prior year period
- Third quarter Adjusted EBITDA guidance of approximately 63.5 percent of projected revenue
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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