8-K
filed December 7, 2023, 6:59 PM ET
ticker AVGO
CIK 0001730168
earnings
confidence high
sentiment positive
materiality 0.85
Broadcom Inc. (AVGO): restructuring charge — Broadcom Q4 revenue $9.3B (+4% YoY), guides FY24 to $50B with VMware, boosts dividend 14%
Broadcom Inc.
2023-FY EPS reported
$32.98
revenue$35,819,000,000
- Q4 revenue $9,295M (+4% YoY); GAAP diluted EPS $8.25, non-GAAP $11.06.
- FY2023 record revenue $35.8B (+8% YoY); free cash flow $17.6B (49% of revenue).
- FY2024 guidance: revenue ~$50B including VMware (+40% YoY); adjusted EBITDA ~$30B.
- Quarterly dividend increased 14% to $5.25/share; record Dec 20, payable Dec 29.
- Expects ~$1.3B restructuring charges through FY2025 related to VMware acquisition.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Broadcom Inc. reported fiscal year 2024 results: revenue approximately $50.0 billion. Guidance initiated.
- Period
- fiscal year 2024
- Revenue
- approximately $50.0 billion
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Fiscal 2024 annual revenue guidance of approximately $50.0 billion including contribution from VMware, an increase of 40 percent from the prior year period
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Broadcom Inc. reported fourth quarter results: revenue $9,295 million, net income $3,524 million, EPS $8.25.
- Period
- fourth quarter
- Revenue
- $9,295 million
- Net income
- $3,524 million
- EPS
- $8.25
- Result
- reported results
Exact text from the filing
Exchange Act of 1934, as amended. --- EX-99.1 (EX-99.1) --- Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results and Quarterly Dividend • Revenue of $9,295 million for the fourth quarter, up 4 percent from the prior year period • Cash from operations of $4,828 million for the fourth quarter, less capital expenditures of $105 million,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Broadcom Inc. reported fiscal year ended October 29, 2023 results: revenue record $35.8 billion.
- Period
- fiscal year ended October 29, 2023
- Revenue
- record $35.8 billion
- Result
- reported results
Exact text from the filing
Broadcom's fiscal year 2023 revenue grew 8% year-over-year to a record $35.8 billion, driven by investments in accelerators and network connectivity for AI by hyperscalers
View on SEC.gov
Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Broadcom Inc. announced a restructuring with charges of approximately $1.3 billion.
- Type
- restructuring
- Charge
- approximately $1.3 billion
Exact text from the filing
the Company expects to take charges of approximately $1.3 billion through fiscal year 2025 for the implementation of cost reduction activities.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
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