Q4 Earnings Beat Expectations Broadcom (AVGO.US) Rises Over 17% Before Market Open

Market IntelFriday, Dec 13, 2024 9:00 am ET

1min read

On Friday, Broadcom (AVGO.US) rose more than 17% before the market opened to US$212.30. On the news front, Broadcom's Q4 revenue was US$14.054 billion, up 51% YoY, slightly lower than the market's expectation of US$14.08 billion. By segment, the Semiconductor Solutions segment's revenue was US$8.23 billion, up 12% YoY; the Infrastructure Software segment's revenue was US$5.824 billion, up 196% YoY. Under the non-GAAP accounting standards, net profit was US$6.995 billion, up 45% YoY; adjusted EPS was US$1.42, better than the market's expectation of US$1.38.

Looking ahead, Broadcom expects its Q1 revenue in fiscal 2025 to be US$14.6 billion, up 22% YoY, in line with market expectations; it expects the adjusted EBITDA margin to be 66% of revenue in Q1.

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