Broadcom Inc. Reports Strong Q4 and Fiscal 2024 Results

Broadcom Inc. ( (AVGO) ) has released its Q4 earnings. Here is a breakdown of the information Broadcom Inc. presented to its investors.

Broadcom Inc., a global technology leader specializing in semiconductor and infrastructure software solutions, has announced its financial results for the fourth quarter and fiscal year 2024. The company operates across multiple critical markets, including cloud, data center, networking, and cybersecurity.

In the fourth quarter of fiscal year 2024, Broadcom reported a remarkable 51% increase in revenue, reaching $14,054 million, compared to the same period last year. The company also revealed an increase in its quarterly common stock dividend by 11% to $0.59 per share, reflecting its strong financial performance and cash flow generation.

Key highlights from the earnings report include a record fiscal year 2024 revenue of $51.6 billion, a 44% increase driven by significant growth in both its infrastructure software and semiconductor segments. Notably, Broadcom’s AI semiconductor revenue surged by 220% year-on-year, totaling $12.2 billion, underscoring the company’s strategic focus on AI technology. The adjusted EBITDA for the fiscal year also hit a record $31.9 billion, up 37% from the previous year, with free cash flow reaching $21.9 billion, excluding restructuring costs.

Looking ahead, Broadcom has provided optimistic guidance for the first quarter of fiscal year 2025, forecasting a revenue of approximately $14.6 billion, which represents a 22% year-on-year increase. The company also anticipates maintaining a robust adjusted EBITDA margin of roughly 66% of its projected revenue, reflecting confidence in its strategic positioning and market demand.

Overall, Broadcom’s strong financial performance and strategic initiatives, especially in AI technology, position it well for continued growth in the coming fiscal year, as indicated by the management’s positive outlook and increased dividend payments.