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Nov 03, 2024
Broadcom Q4 2024 Earnings Report
Broadcom's Q4 2024 financial results were announced, revealing a significant revenue increase driven by semiconductor and infrastructure software segments.
Key Takeaways
Broadcom reported a strong fourth quarter in fiscal year 2024, with revenue reaching $14.054 billion, a 51% increase year-over-year. GAAP net income was $4.324 billion, and non-GAAP net income was $6.965 billion. The company's adjusted EBITDA stood at $9.089 billion, representing 65% of revenue. Broadcom also increased its quarterly common stock dividend by 11% to $0.59 per share.
Revenue increased by 51% year-over-year, reaching $14.054 billion.
GAAP net income was $4.324 billion, while non-GAAP net income reached $6.965 billion.
Adjusted EBITDA was $9.089 billion, representing 65% of revenue.
Quarterly common stock dividend increased by 11% to $0.59 per share.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal year 2025, Broadcom anticipates revenue of approximately $14.6 billion and adjusted EBITDA of approximately 66% of projected revenue.
Positive Outlook
- First quarter revenue guidance of approximately $14.6 billion.
- Projected revenue represents an increase of 22% from the prior year period.
- First quarter Adjusted EBITDA guidance of approximately 66% of projected revenue.
- Increased quarterly common stock dividend by 11% to $0.59 per share for fiscal year 2025.
- Target fiscal year 2025 annual common stock dividend of $2.36 per share is a record.
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.
- Global economic conditions and concerns.
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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