Form 8-K · Current Report · Filed 2024-12-12
Broadcom Inc. Reports Strong Q4 and Fiscal Year 2024 Results and Declares Dividend
Broadcom Inc. announced its financial results for the fourth quarter and fiscal year ended November 3, 2024, reporting a significant increase in revenue and net income. The company also declared a quarterly cash dividend of $0.59 per share, payable on December 31, 2024, to stockholders of record as of December 23, 2024. The fourth quarter revenue was $14,054 million, up 51% from the prior year, with GAAP net income of $4,324 million and non-GAAP net income of $6,965 million. Adjusted EBITDA stood at $9,089 million, representing 65% of revenue. Broadcom also provided guidance for the first quarter of fiscal year 2025.
- Filer
- Broadcom Inc. AVGO · NASDAQ
- Filed
- Accession
- 0001730168-24-000125
- CIK
- 0001730168
- Signal
- High 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
$183.20
Next session
+22.7%
Since filing
+112.5%
Latest close
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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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