Loading...
•
Nov 01, 2020
Broadcom Q4 2020 Earnings Report
Broadcom's Q4 2020 financial results were announced, showing revenue growth and strong free cash flow.
Key Takeaways
Broadcom reported a strong fourth quarter with a 12% increase in revenue year-over-year, driven by demand for networking and wireless solutions. The company generated $3.246 billion in free cash flow and increased its quarterly common stock dividend by 11% to $3.60 per share.
Revenue increased by 12% year-over-year to $6.467 billion.
GAAP net income was $1.324 billion, with a non-GAAP diluted EPS of $6.35.
Free cash flow from operations reached $3.246 billion.
Quarterly common stock dividend increased by 11% to $3.60 per share.
Revenue by Segment
Forward Guidance
Broadcom anticipates continued overall strength in the first quarter of fiscal year 2021, with revenue expected to increase by 13% year-over-year and an adjusted EBITDA margin of 59%.
Positive Outlook
- First quarter revenue guidance of approximately $6.6 billion.
- Expected revenue increase of 13 percent from the prior year period.
- First quarter Adjusted EBITDA guidance of approximately $3.9 billion.
- Adjusted EBITDA is expected to be 59 percent of projected revenue.
- Continued demand for networking from cloud.
Challenges Ahead
- The Company is not readily able to provide a reconciliation of projected Adjusted EBITDA to projected net income without unreasonable effort.
- Actual results will vary from the guidance and the variations may be material.
- The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.
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
Loading earnings performance data...
Loading earnings reaction data...