Broadcom Inc.
Broadcom Reports Strong Q3 Results and Declares Quarterly Dividend
Summary
On September 5, 2024, Broadcom Inc. reported its unaudited financial results for the third quarter ended August 4, 2024. The company posted a non-GAAP net income of $6.12 billion, with revenue of $13.07 billion, reflecting a 47% increase year-over-year. Additionally, Broadcom's Board of Directors declared a quarterly cash dividend of $0.53 per share, payable on September 30, 2024 to shareholders of record on September 19, 2024.
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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.
Official SEC Documents
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