secwatch.observer — SEC 8-K summary
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Issuer:     Broadcom Inc. (AVGO)
CIK:        0001730168
Form:       8-K
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0001730168-24-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730168/000173016824000077/0001730168-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730168/000173016824000077/avgo-20240612.htm
  HTML page:      https://secwatch.observer/filing/0001730168-24-000077

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