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Oct 29, 2023
Broadcom Q4 2023 Earnings Report
Broadcom's Q4 2023 financial results were announced, featuring a 4% increase in revenue compared to the prior year period.
Key Takeaways
Broadcom reported Q4 revenue of $9.295 billion, a 4% increase year-over-year, with non-GAAP diluted EPS of $11.06. The company's fiscal year 2023 revenue grew by 8% to a record $35.8 billion. Broadcom is increasing its quarterly common stock dividend by 14% to $5.25 per share for fiscal year 2024.
Revenue for Q4 reached $9.295 billion, a 4% increase from the previous year.
Non-GAAP diluted EPS for Q4 was $11.06, while GAAP diluted EPS was $8.25.
Adjusted EBITDA for Q4 was $6.048 billion, representing 65% of revenue.
Free cash flow for Q4 was $4.723 billion, or 51% of revenue.
Revenue by Segment
Forward Guidance
Broadcom anticipates fiscal year 2024 revenue of approximately $50.0 billion, including contribution from VMware, and adjusted EBITDA of approximately 60% of projected revenue.
Positive Outlook
- Fiscal year 2024 revenue guidance of approximately $50.0 billion including contribution from VMware, an increase of 40 percent from the prior year period
- Fiscal year 2024 adjusted EBITDA guidance of approximately 60 percent of projected revenue
- Semiconductor to sustain its mid to high single digit revenue growth rate
- Contribution of VMware driving consolidated revenue to $50 billion
- Adjusted EBITDA to $30 billion
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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