Broadcom Q1 revenue up 34% to $11.96B; GAAP EPS $2.84, non-GAAP $10.99; guides FY24 revenue ~$50B

Broadcom Inc.

2024-Q1 EPS reported $2.84 revenue$11,961,000,000

Revenue $11.96B, +34% YoY; semiconductor solutions $7.39B (+4%), infrastructure software $4.57B (+153% on VMware).
Non-GAAP diluted EPS $10.99 (vs $10.33); GAAP diluted EPS $2.84 (vs $8.80) due to VMware-related amortization.
Free cash flow $4.69B (39% of revenue); cash from ops $4.82B; capex $122M.
Quarterly dividend $5.25/share, payable March 29 to holders of record March 21.
FY2024 revenue guidance ~$50B (up ~40% YoY), Adjusted EBITDA ~$30B; $3B debt paydown YTD.

item 2.02 item 8.01 item 9.01

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 first quarter ended February 4, 2024 results: revenue Revenue of $11,961 million, net income Non-GAAP net income of $5,254 million, EPS Non-GAAP diluted EPS of $10.99.

Period: first quarter ended February 4, 2024
Revenue: Revenue of $11,961 million
Net income: Non-GAAP net income of $5,254 million
EPS: Non-GAAP diluted EPS of $10.99
Result: reported results

Exact text from the filing

Exchange Act of 1934, as amended. --- EX-99.1 (EX-99.1) --- Broadcom Inc. Announces First Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend • Revenue of $11,961 million for the first quarter, up 34 percent from the prior year period • Cash from operations of $4,815 million for the first quarter, less capital expenditures of $122 million,

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Source: SEC EDGAR

accession 0001730168-24-000012

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