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Apr 30, 2023
Broadcom Q2 2023 Earnings Report
Broadcom's Q2 2023 financial results were announced, showing revenue growth and strong free cash flow.
Key Takeaways
Broadcom reported strong Q2 2023 results, with revenue up 8% year-over-year to $8.733 billion and adjusted EBITDA margin increasing to 65%. The company generated $4.4 billion in free cash flow and expects strong cash flows to continue in Q3.
Revenue for the second quarter was $8,733 million, an 8% increase from the prior year period.
Adjusted EBITDA for the second quarter reached $5,686 million.
Non-GAAP diluted EPS for the second quarter was $10.32; GAAP diluted EPS was $8.15.
The company repurchased and eliminated 5.6 million shares for $3,420 million.
Revenue by Segment
Forward Guidance
Broadcom anticipates third quarter revenue of approximately $8.85 billion, representing a 5% increase year-over-year, and an adjusted EBITDA margin of approximately 65% of projected revenue.
Positive Outlook
- Third quarter revenue guidance of approximately $8.85 billion, an increase of 5 percent from the prior year period
- Third quarter Adjusted EBITDA guidance of approximately 65 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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