secwatch.observer — SEC 8-K summary
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Issuer:     Broadcom Inc. (AVGO)
CIK:        0001730168
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001730168-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730168/000173016824000012/0001730168-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730168/000173016824000012/avgo-20240307.htm
  HTML page:      https://secwatch.observer/filing/0001730168-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer