Broadcom Q2 revenue $12.5B (+43% YoY), EPS $10.96 non-GAAP; raises FY24 guidance to $51B, announces 10:1 stock split

Broadcom Inc.

2024-Q2 EPS reported $7.29 revenue$24,448,000,000

Q2 revenue $12,487M (+43% YoY); GAAP EPS $4.42, non-GAAP EPS $10.96.
AI products revenue record $3.1B; semiconductor solutions up 6%, infrastructure software up 175% (incl. VMware).
FY24 revenue guidance raised to ~$51B (+42% YoY); Adjusted EBITDA margin ~61%.
Dividend $5.25/share declared, payable June 28; ten-for-one stock split effective July 15.
Free cash flow $4,448M (36% of revenue); cash from operations $4,580M.

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