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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.
Broadcom
Broadcom
Broadcom Revenue by Segment
Revenue by Segment
Semiconductor Revenue
CapyFin.comInfrastructure Software Revenue
CapyFin.com 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.
- Government regulations and administrative proceedings, trade restrictions and trade tensions.
- Global political and economic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income