Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +40.6% EPS YoY: -104.7% Move: +0.67%

Broadcom Inc

AVGO

$346.23 0.67%

Exchange NASDAQ Sector Technology Industry Semiconductors

Q3 2024

Published: Sep 11, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AVGO

Reported

Report Date

Sep 11, 2024

Quarter Q3 2024

Revenue

13.07B

YoY: +40.6%

EPS

-0.40

YoY: -104.7%

Market Move

+0.67%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $13.07B up 40.6% year-over-year
EPS of $-0.40 decreased by 104.7% from previous year
Gross margin of 63.9%
Net income of -1.88B
"In our fiscal Q3 2024, consolidated net revenue of $13.1 billion was up 47% year-on-year, and operating profit was up 44% year-on-year. - Hock Tan" - Hock Tan

AVGO

Broadcom Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

In the third quarter of fiscal year 2024, Broadcom Inc reported robust results, achieving consolidated net revenue of $13.1 billion, which represents a remarkable 47% increase compared to the same period last year. This growth was primarily propelled by a significant surge in AI revenue and the successful integration of VMware, contributing $3.8 billion in revenue in the software segment. CEO Hock Tan attributed the company’s success to the expanding demand in AI technologies and strong performance from semiconductor solutions. Despite a reported net loss of $1.875 billion, Broadcom's internal metrics signal a recovery trend in their non-AI semiconductor markets, positioning the company favorably for future quarters.

Key Performance Indicators

Revenue

Increasing

13.07B

QoQ: 4.68% | YoY: 40.63%

Gross Profit

Increasing

8.36B

63.92% margin

QoQ: 19.34% | YoY: 30.42%

Operating Income

Decreasing

3.79B

QoQ: 14.44% | YoY: -10.66%

Net Income

Decreasing

-1.88B

QoQ: -188.40% | YoY: -153.21%

EPS

Decreasing

-0.40

QoQ: -186.96% | YoY: -104.69%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Highlights:
- Revenue: $13.1 billion (YoY: +47%, QoQ: +4.7%)
- Gross Profit: $8.356 billion, with a gross profit margin of 63.9%.
- Operating Income: $3.788 billion, with an operating income margin of 28.9%.
- Net Income: -$1.875 billion (notably affected by one-time charges related to VMware integration)
- EPS: -$0.40

### YoY and QoQ Growth Analysis:
- Semiconductor Revenue: $7.3 billion (Up 5% YoY)
- Infrastructure Software Revenue: $5.8 billion (Up 200% YoY)

The operating income with adjustments reflects operational efficiency despite integration costs, indicating strong underlying business fundamentals. Management noted that AI revenue itself grew substantially with expectations of it hitting over $12 billion for fiscal year 2024, showing a significant upward trajectory.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	13.07B	40.63%	4.68%
Gross Profit	8.36B	30.42%	19.34%
Operating Income	3.79B	-10.66%	14.44%
Net Income	-1.88B	-153.21%	-188.40%
EPS	-0.40	-104.69%	-186.96%

Key Financial Ratios

Gross Profit Margin

Excellent

63.90%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

29.00%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Weak

-0.14%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.01%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.03%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.04

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.07

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-88.34x

Negative earnings make P/E ratio not meaningful

Price to Book

High Premium

10.09x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	14,916.00	1.14	+24.7%	View
Q4 2024	14,054.00	-0.33	+51.2%	View
Q3 2024	13,072.00	-0.40	+40.6%	View
Q2 2024	12,487.00	0.44	+40.7%	View
Q1 2024	11,961.00	0.28	+34.8%	View

Broadcom Inc (AVGO) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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