Broadcom reported Q4 2024 revenue of $14.054 billion, up 12.6% year over year and 7.5% quarter over quarter, with strong profitability and substantial free cash flow generation. The company benefits from a diversified mix across Semiconductor Solutions and Infrastructure Software, delivering a robust gross margin of approximately 64.05% and an operating margin of 32.93%, contributing to net income of $4.324 billion and diluted EPS of $0.90–$0.92 for the period. Free cash flow reached $5.482 billion, underpinning a substantial balance sheet capacity to fund acquisitions, buybacks, and dividends, while supporting a net debt position of roughly $58.2 billion on a cash balance of about $9.35 billion.
The quarter reinforces Broadcom’s ability to monetize multi‑year secular demand drivers in data center networking, cloud infrastructure, 5G, and enterprise storage, while continuing to invest in R&D and strategic software offerings. However, the reported leverage and high intangible asset base underscore the importance of sustained cash flow generation to deleverage over time and to maintain investment-grade liquidity. In the near term, investors should monitor macro semiconductor cycles, FX dynamics, and the pace of software revenue contribution as the company integrates acquisitions and scales its Infrastructure Software business.