Broadcom reports Q4 revenue up 51% YoY to $14.05B vs. $14.09B est., FY 2024 AI revenue up 220%, expects Q1 revenue just above est.; AVGO jumps 10%+ after hours
Broadcom CEO: ALL THREE of his major hyperscaler customers are going to building 1 million AI accelerator clusters across a single fabric by fiscal 2027 — lol X: @economyapp : $AVGO Broadcom Q4 FY24 (October quarter). VMWare acquisition completed in November 2023 (impacting infrastructure software segment). • Revenue +51% Y/Y to $14.1B (in-line). • Non-GAAP EPS $1.42 ($0.03 beat). • Dividend raised by 11% to $0.59. Q1 FY25 guidance: • Revenue [image] Brandon Van Zee / @brandonvanzee : $AVGO increases the dividend by a solid double digit percentage! The annualized dividend will move from $2.12 to $2.36, an 11% enhancement for Broadcom shareholders. [image] Daniel Newman / @danielnewmanuv : 220% AI Revenue increase for Broadcom. Drop the mic moment for Hock Tan and crew. 👇🏻 Everything else is tidy. $AVGO @thetranscript_ : Broadcom CFO: “Semiconductor revenue was a record $30.1 billion driven by AI revenue of $12.2 billion. AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio” $AVGO: +5% AH [image] @thetranscript_ : Broadcom CEO: “Broadcom's fiscal year 2024 revenue grew 44% year-over-year to a record $51.6 billion, as infrastructure software revenue grew to $21.5 billion, on the successful integration of VMware” [image]
Peanut gallery pundits: Pre-training scaling is dead! — Broadcom CEO: ALL THREE of his major hyperscaler customers are going to building 1 million AI accelerator clusters across a single fabric by fiscal 2027 — lol
$AVGO increases the dividend by a solid double digit percentage! The annualized dividend will move from $2.12 to $2.36, an 11% enhancement for Broadcom shareholders. [image]
Broadcom CFO: “Semiconductor revenue was a record $30.1 billion driven by AI revenue of $12.2 billion. AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio” $AVGO: +5% AH [image]
Broadcom CEO: “Broadcom's fiscal year 2024 revenue grew 44% year-over-year to a record $51.6 billion, as infrastructure software revenue grew to $21.5 billion, on the successful integration of VMware” [image]