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Broadcom (AVGO)
NASDAQ:AVGO
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.51Last Year’s EPS
$1.1Same Quarter Last Year
Strong Buy
Based on 26 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 12, 2024
|% Change Since: 10.39%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment with significant revenue growth driven by AI and successful integration of VMware. However, some challenges were noted in non-AI semiconductor and broadband segments.Company Guidance
During the earnings call for Q4 2024, Broadcom provided guidance for the first quarter of fiscal year 2025, projecting consolidated revenue of approximately $14.6 billion, a 22% increase year-on-year. Semiconductor revenue is expected to grow by about 10% year-on-year to $8.1 billion, with AI-related revenue projected to rise by 65% year-on-year to $3.8 billion. Non-AI semiconductor revenue, however, is anticipated to decline by mid-teens percentage year-on-year. Infrastructure software revenue is forecasted to grow by 41% year-on-year to $6.5 billion. The company also expects adjusted EBITDA to be about 66% of revenue for Q1. The guidance reflects Broadcom's strategic focus on expanding its AI segment, which is expected to significantly outpace growth in its non-AI semiconductor business.Record Revenue Growth
Fiscal year 2024 consolidated revenue grew 44% year-over-year to a record $51.6 billion. Excluding VMware, revenue grew over 9% organically.
AI Revenue Surge
AI revenue grew 220% from $3.8 billion in fiscal '23 to $12.2 billion in fiscal '24, representing 41% of semiconductor revenue.
Infrastructure Software Growth
Infrastructure software segment revenue was $5.8 billion in Q4, up 196% year-on-year.
Strong Cash Return to Shareholders
Broadcom returned a record $22 billion in cash to shareholders, up 45% year-on-year through dividends, buybacks, and eliminations.
VMware Integration Success
The integration of VMware is largely complete, with operating margin reaching 70% exiting 2024.
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AVGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 12, 2024 | $180.66 | $224.80 | +24.43% |
| Sep 05, 2024 | $152.32 | $136.54 | -10.36% |
| Jun 12, 2024 | $148.59 | $166.82 | +12.27% |
| Mar 07, 2024 | $139.20 | $129.48 | -6.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Broadcom (AVGO) report earnings?
Broadcom (AVGO) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Broadcom (AVGO) earnings time?
Broadcom (AVGO) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVGO EPS forecast?
AVGO EPS forecast for the fiscal quarter 2025 (Q1) is $1.51.
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