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Aug 01, 2021
Broadcom Q3 2021 Earnings Report
Broadcom delivered record revenues driven by product and technology leadership.
Key Takeaways
Broadcom announced its Q3 2021 financial results, reporting a revenue of $6.778 billion, a 16% increase year-over-year. The company's GAAP net income was $1.876 billion, with a diluted EPS of $4.20, and generated $3.426 billion in free cash flow. Broadcom also provided Q4 revenue guidance of approximately $7.35 billion, expecting a 14% increase from the prior year period.
Revenue of $6,778 million, up 16% year-over-year.
GAAP net income of $1,876 million; Adjusted EBITDA of $4,123 million.
GAAP diluted EPS of $4.20; Non-GAAP diluted EPS of $6.96.
Free cash flow of $3,426 million.
Revenue by Segment
Forward Guidance
Broadcom anticipates continued momentum, projecting fourth quarter revenue of approximately $7.35 billion, representing an expected increase of 14 percent from the prior year period. They also expect fourth quarter Adjusted EBITDA to be approximately 61 percent of projected revenue.
Positive Outlook
- Fourth quarter revenue guidance of approximately $7.35 billion.
- Expected revenue increase of 14 percent from the prior year period.
- Fourth quarter Adjusted EBITDA guidance of approximately 61 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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