After holding fairly steady with only a modest 0.84% decline during September 5 trading, Broadcom (NASDAQ: AVGO) stock tumbled 9.38% from its close at $152.82 to its latest recorded price of $138.49.AVGO stock 1-day and after-hours price chart. Source: GoogleThe fall was triggered by the publishing of the semiconductor and infrastructure provider’s latest earnings report – published after the closing bell on September 5 –  which, despite beating revenue and earnings-per-share (EPS) forecasts, disappointed i ...

Key TakeawaysBroadcom shares tumbled nearly 7% in extended trading on Thursday after the chipmaker posted fiscal third-quarter results that topped expectations but issued light revenue guidance for the current quarter.The stock sits positioned to break down from a symmetrical triangle pattern on Friday following the company's weaker-than-expected sales outlook, potentially starting a new trend lower.Investors should monitor important lower price levels on Broadcom's chart at $141, $120, $104, and $91. Broad ...

财务数据和关键指标变化 - 第三季度合并收入为131亿美元,同比增长47% [5] - 第三季度操作利润为79亿美元,同比增长44% [13] - 第三季度调整后EBITDA为82亿美元,占收入的63% [13] - 第四季度预计合并收入约140亿美元,同比增长51% [12] - 预计2024财年全年收入将达515亿美元,调整后EBITDA率将达61.5% [12] 各条业务线数据和关键指标变化 半导体业务 - 第三季度半导体收入73亿美元,同比增长5% [14] - 第三季度半导体毛利率约68%,同比下降270个基点 [14] - 第三季度AI收入约31亿美元,占半导体收入的比重较稳定 [20][21] - 第四季度预计AI收入将超过35亿美元,全年AI收入将超过120亿美元 [12] - 非AI半导体业务在第三季度已触底,第四季度将实现环比增长 [9][30][31] 软件业务 - 第三季度软件收入58亿美元,同比增长200%,主要来自VMware [14] - VMware业务转型进展良好,第三季度VCF订单占比超过80% [7] - VMware第三季度营收38亿美元,营业费用13亿美元,毛利率约90% [14] - 预计VMware业务在2025财年将实现调整后EBITDA达85亿美元 [8] 各个市场数据和关键指标变化 - 网络业务第三季度收入40亿美元,同比增长43%,主要驱动来自AI网络和定制AI加速器 [8] - 服务器存储连接业务第三季度收入8.61亿美元,环比增长5%,同比下降25% [10] - 无线业务第三季度收入17亿美元,同比增长1% [10] - 宽带业务第三季度收入5.57亿美元,同比下降49% [11] - 工业销售第三季度收入1.64亿美元,同比下降31% [11] 公司战略和发展方向及行业竞争 - 公司认为AI加速器和网络是未来增长的关键驱动力 [8][46][74] - 公司正在与主要超大规模客户合作,共同开发定制AI加速器 [46][55][69][74] - 公司认为未来几年内,这些大型云平台客户将继续加大对自研AI芯片的投入 [46][55][74] - 公司正在与希捷合作,共同推进硬盘驱动器技术的发展,以应对未来存储需求 [59][60] 管理层对经营环境和未来前景的评论 - 公司认为半导体行业已经触底,非AI半导体业务将在2024年下半年开始复苏 [30][31][32] - 公司预计2025财年AI收入将继续保持强劲增长 [21][46][74] - 公司对VMware业务转型和整合感到乐观,预计2025财年VMware的调整后EBITDA将达85亿美元 [8] 其他重要信息 - 公司在第三季度完成了5亿美元的浮动利率债券置换,并使用VMware出售终端用户计算业务的收益偿还了42亿美元的浮动利率债务 [16] - 公司将在第四季度偿还19亿美元的定期债券 [16] - 公司将在第四季度将季度现金股利上调至每股0.53美元 [17] 问答环节重要的提问和回答 问题1 **Vivek Arya 提问** 第三季度AI收入中计算和网络的占比情况,以及对2025财年AI收入的预期 [20][21] **Hock Tan 回答** 第三季度AI收入中计算和网络的占比约为2:1,第四季度预计占比将保持相似 [21] 公司对2025财年AI收入保持乐观,预计将继续保持强劲增长 [21] 问题2 **William Stein 提问** 是否看到AI需求从云服务商向企业客户的转移,会否对公司的收入前景造成影响 [23][24] **Hock Tan 回答** 公司主要聚焦于为超大规模云平台客户提供AI加速器和网络产品,而不是面向企业AI市场 [24] 问题3 **Ross Seymore 提问** 公司传统软件业务的表现以及对VMware业务未来的预期 [26][27] **Hock Tan 回答** VMware业务转型进展良好,预计未来几年VMware的订单和收入将保持加速增长 [27]

Today’s normal stock market trading session was mixed today, with a slight gain on the Nasdaq of +0.25% offset by a -0.30% drop in the S&P 500, -0.54% on the Dow and -0.61% on the small-cap Russell 2000. Things had looked more promising during the morning hours, but couldn’t hold onto gains across the board.Services Sector Results for August: Better than ExpectedBoth monthly reports from the overall Services sector — ISM Services and S&P Services PMI — came in ahead of expectations this morning, and both ab ...

Broadcom Inc. (AVGO) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this chipmaker would post earnings of $1.08 per share when it actually produced earnings of $1.10, delivering a surprise of 1.85%.Over the last four quarters, the company ha ...

G0d4ather I presented my "Sell" thesis on Broadcom Inc. (NASDAQ:AVGO) in my previous coverage in June 2024, noting that aside from AI and VMware, Broadcom's legacy businesses declined by 15% in revenue. Broadcom released its Q3 result on September 5th after the market close, projecting $12 billion in AI revenue for FY24. While I am optimistic about their custom ASCI and AI networking businesses, I remain concerned about their legacy software portfolio, as well as the integration of VMware. I maintain a "Sel ...

Key TakeawaysBroadcom posted a loss in its fiscal third quarter, primarily due to acquisition-related amortization costs.The company is continuing to integrate the software firm VMWare, which it acquired in November.The company's fiscal fourth-quarter guidance came up just short of analysts' expectations. Broadcom (AVGO) shares fell after the closing bell Thursday, sliding following quarterly results that swung to a loss due to increased merger-related expenses. The semiconductor manufacturing company poste ...

Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.Broadcom shares fell 5% in extended trading.Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter ending Aug. 4:Earnings per share: $1.24 adjusted vs. $1.20 expectedRevenue: $13.07 billion vs. $12.97 billion expectedBroadcom expects current-quarter revenue of $14 billion, versus $1.36 per share on $14.04 billion expected.Broadcom reported a net loss of ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

财务业绩 - 第三季度收入为130.72亿美元，同比增长47%[1] - 第三季度GAAP净亏损为18.75亿美元，非GAAP净收入为61.20亿美元[1] - 第三季度调整后EBITDA为82.23亿美元，占收入的63%[1] - 第三季度GAAP每股摊薄亏损0.40美元，非GAAP每股收益1.24美元[1] - 第三季度经营活动产生的现金流为49.63亿美元，扣除资本支出后自由现金流为47.91亿美元，占收入的37%[1] - 预计第四季度收入约为140亿美元，同比增长51%[5] - 预计第四季度调整后EBITDA约为收入的64%[5] - 本季度净收入为130.72亿美元，同比增长4.7%[20] - 毛利率为63.9%，同比下降1.1个百分点[20] - 研发投入为23.53亿美元，占净收入的18.0%[20] - 营业利润为37.88亿美元，同比下降1.8%[20] - 净亏损为18.75亿美元，主要由于计提了42.38亿美元的所得税费用[20] - 每股基本亏损为0.40美元，每股摊薄亏损为0.40美元[20] - 现金及现金等价物余额为1,000亿美元[20] - 公司本季度总营收为83.56亿美元，同比增长7.5%[21] - 公司本季度非GAAP毛利率为60.5%，同比增长1.7个百分点[21] - 公司本季度研发投入为23.53亿美元，占总营收的28.2%[21] - 公司本季度非GAAP营业利润为79.48亿美元，同比增长11.2%[21] - 公司本季度非GAAP净利润为66.11亿美元，同比增长10.6%[21] - 公司第四财季营业收入为42.38亿美元，同比下降[1] - 公司第四财季非GAAP净利润为61.20亿美元，同比增长[1] - 公司第四财季经调整EBITDA为82.23亿美元，同比增长[1] - 公司第四财季经营活动产生的现金流为49.63亿美元，同比增长[1] - 公司第四财季自由现金流为47.91亿美元，同比增长[1] - 公司第四财季加权平均摊薄股数为4,917万股，同比增长[1] - 公司预计下一财季加权平均摊薄股数为4,912万股[2] - 公司净亏损1,875万美元[26] - 公司调整后净利润为2,121万美元[26] - 公司营业活动产生的现金流为4,963万美元[26] 业务结构 - 半导体解决方案业务收入占比56%，基础设施软件业务收入占比44%[3] 资产负债表 - 公司资产负债表中现金及现金等价物余额为99.52亿美元[3] - 公司资产负债表中商誉余额为978.73亿美元[3] - 公司资产负债表中无形资产净值为430.34亿美元[3] 其他 - 公司完成10:1的股票拆分[4] - 宣布每股0.53美元的季度现金股利[6] - 公司正在进行重组,本季度计提了5,800万美元的重组费用[20] - 公司正在加大对新产品和新技术的研发投入,以应对市场竞争[20] - 公司正在积极拓展海外市场,并通过并购等方式扩大业务规模[20] - 公司完成3,485万美元的业务出售[26] - 公司支付了24.52亿美元的股息[26] - 公司回购了13.5亿美元的股票[26]