Reported Q: Q4 2024 Rev YoY: +51.2% EPS YoY: -137.7% Move: -1.02%
Broadcom Inc
AVGO
$340.44 -1.02%
Exchange NASDAQ Sector Technology Industry Semiconductors
Q4 2024
Published: Dec 20, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AVGO

Reported

Report Date

Dec 20, 2024

Quarter Q4 2024

Revenue

14.05B

YoY: +51.2%

EPS

-0.33

YoY: -137.7%

Market Move

-1.02%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $14.05B up 51.2% year-over-year
  • EPS of $-0.33 decreased by 137.7% from previous year
  • Gross margin of 64.1%
  • Net income of 4.32B
  • "Hock Tan: 'We are very well positioned to achieve a leading market share in this opportunity and expect this will drive a strong ramp from our 2024 AI revenue base of $12.2 billion.'" - Hock Tan
AVGO
Broadcom Inc

Executive Summary

Broadcom Inc (AVGO) reported outstanding financial results for Q4 2024, with consolidated revenue reaching $14.1 billion, marking a remarkable 51% year-over-year increase. This performance was primarily bolstered by the integration of VMware and a substantial surge in AI-related revenues. The company achieved gross profit margins of 76.9%, a significant improvement from the previous year, suggesting strong operational efficiency and effective cost management. Management emphasized a transformative year for Broadcom, noting that AI revenue increased 150% year-over-year, contributing significantly to the semiconductor segment's growth. Looking into Q1 2025, Broadcom anticipates continued revenue growth, forecasting consolidated revenue of approximately $14.6 billion, underpinned by robust demand in the AI market and solid performance from infrastructure software services.

Key Performance Indicators

Revenue
Increasing
14.05B
QoQ: 7.51% | YoY: 51.20%
Gross Profit
Increasing
9.00B
64.05% margin
QoQ: 7.73% | YoY: 40.50%
Operating Income
Increasing
4.63B
QoQ: 22.15% | YoY: 9.13%
Net Income
Increasing
4.32B
QoQ: 330.61% | YoY: 22.70%
EPS
Decreasing
-0.32
QoQ: 20.00% | YoY: -137.65%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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