Form 8-K · Current Report · Filed 2024-03-07
Broadcom Announces First Quarter 2024 Financial Results and Dividend
Broadcom Inc. reported strong financial results for the first quarter of fiscal year 2024, with a 34% increase in revenue to $11.96 billion. The company also announced a quarterly cash dividend of $5.25 per share, payable on March 29, 2024. Non-GAAP net income was $5.25 billion, with Adjusted EBITDA of $7.16 billion. The company provided guidance for fiscal year 2024 revenue of approximately $50 billion and Adjusted EBITDA of around 60% of projected revenue.
- Filer
- Broadcom Inc. AVGO · NASDAQ
- Filed
- Accession
- 0001730168-24-000012
- CIK
- 0001730168
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$135.00
Next session
-3.1%
Since filing
+188.4%
Latest close
$389.28
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Precedent
Previous filings from AVGO reporting the same item, with the next session's move:
Exhibits (1)
About Broadcom Inc.
Broadcom Inc. is a diversified global technology company that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. Its primary function is to serve high-growth industries by providing technology that supports complex digital environments. Key sectors impacted by Broadcom’s products include data center, networking, broadband, wireless, and industrial markets. The company's semiconductor solutions are integral to networking systems, represented by products like ASICs and Bluetooth solutions, while its software solutions enhance critical infrastructure for businesses. Headquartered in San Jose, California, Broadcom maintains a significant presence in the tech industry due to its commitment to innovation and acquisition strategy, which has expanded its impact across a variety of computing and connectivity applications. By leveraging its expansive portfolio, Broadcom continues to enhance the capabilities of new technologies and supports advancements in digital communication and data management.
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