Broadcom Q1 Adj EPS $1.60, est. $1.50; adj. net rev. $14.92b, est. $14.61b

Broadcom Q1 Adj EPS $1.60, est. $1.50; adj. net rev. $14.92b, est. $14.61b

Broadcom Inc. (Nasdaq: AVGO), a global technology leader, reported impressive financial results for its first quarter of fiscal year 2025, which ended on February 2, 2025 [1]. The company surpassed expectations, with revenue of $14.9 billion, up 25% year-over-year, and adjusted EBITDA of $10.1 billion, a 41% increase from the same period last year.

Broadcom's growth was driven by both its AI semiconductor solutions and infrastructure software segments. The AI semiconductor segment experienced a significant surge, with revenue increasing by 77% year-over-year to $4.1 billion. Infrastructure software revenue also showed robust growth, rising by 47% year-over-year to $6.7 billion.

The company's CEO, Hock Tan, attributed the strong performance to the continued investment in AI XPUs and connectivity solutions for AI data centers by hyperscale partners [1]. Kirsten Spears, Broadcom's CFO, added that free cash flow reached $6.0 billion, up 28% year-over-year.

Broadcom's financial highlights for the first quarter of fiscal year 2025 are presented below:

| Financial Metric | Q1 25 | Q1 24 | Change |
| --- | --- | --- | --- |
| Net Revenue | $14,916 | $11,867 | +25% |
| GAAP Net Income | $5,503 | $1,785 | +212% |
| Non-GAAP Net Income | $7,823 | $3,428 | +128% |
| Adjusted EBITDA | $10,083 | $6,984 | +41% |
| GAAP Diluted EPS | $1.14 | $0.47 | +144% |
| Non-GAAP Diluted EPS | $1.60 | $0.97 | +65% |
| Cash from Operations | $6,113 | $4,650 | +32% |
| Free Cash Flow | $6,013 | $4,452 | +37% |

Broadcom expects continued growth in the second quarter of fiscal year 2025, with revenue guidance of approximately $14.9 billion, an increase of 19% from the prior year period [1]. The company also anticipates adjusted EBITDA of around 66% of projected revenue.

References:
[1] Broadcom Inc. "Broadcom Inc. Announces First Quarter Fiscal Year 2025 Financial Results and Quarterly Dividend." PRNewswire, 6 Mar. 2025, https://www.marketscreener.com/quote/stock/BROADCOM-INC-42668543/news/Broadcom-Inc-Announces-First-Quarter-Fiscal-Year-2025-Financial-Results-and-Quarterly-Dividend-49262892/