---
schema_version: "secwatch.filing_event.v1"
accession: "0001730168-23-000093"
form_type: "8-K"
ticker: "AVGO"
cik: "0001730168"
company_name: "Broadcom Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:17:51.692115+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Broadcom Q4 revenue $9.3B (+4% YoY), guides FY24 to $50B with VMware, boosts dividend 14%

## Summary
- 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.

## SEC filing metadata
- accession: 0001730168-23-000093
- form_type: 8-K
- ticker: AVGO
- cik: 0001730168
- company_name: Broadcom Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730168/000173016823000093/0001730168-23-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730168/000173016823000093/avgo-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001730168-23-000093
- JSON: https://secwatch.observer/filing/0001730168-23-000093.json
- Plain text: https://secwatch.observer/filing/0001730168-23-000093.txt

## Key facts
- Earnings Releases
  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
  source text: Fiscal 2024 annual revenue guidance of approximately $50.0 billion including contribution from VMware, an increase of 40 percent from the prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000173016823000093/0001730168-23-000093-index.htm
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000173016823000093/0001730168-23-000093-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000173016823000093/0001730168-23-000093-index.htm
- Restructurings & Charges
  Broadcom Inc. announced a restructuring with charges of approximately $1.3 billion.
  - Type: restructuring
  - Charge: approximately $1.3 billion
  source text: the Company expects to take charges of approximately $1.3 billion through fiscal year 2025 for the implementation of cost reduction activities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1730168/000173016823000093/0001730168-23-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.