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Broadcom Q3 earnings beat as AI revenue drives YoY growth
Proactiveinvestors NA· 2024-09-06 04:37
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 ...
Broadcom(AVGO) - 2024 Q3 - Quarterly Results
2024-09-06 04:21
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]
Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend
Prnewswire· 2024-09-06 04:15
Revenue of $13,072 million for the third quarter, up 47 percent from the prior year periodGAAP net loss of $1,875 million for the third quarter (1); Non-GAAP net income of $6,120 million for the third quarterAdjusted EBITDA of $8,223 million for the third quarter, or 63 percent of revenueGAAP diluted loss per share of $0.40 for the third quarter; Non-GAAP diluted EPS of $1.24 for the third quarterCash from operations of $4,963 million for the third quarter, less capital expenditures of $172 million, resulte ...
Could Broadcom's Earnings Lift Chip Stocks Out of Their Recent Nvidia-Led Slump?
Investopedia· 2024-09-06 01:42
Key TakeawaysBroadcom's earnings after the bell Thursday could help chip stock recover after shares of Nvidia and other semiconductor companies tumbled earlier this week.Nvidia shares lost ground Tuesday and Wednesday amid concerns about the chipmaker's outlook and following reports U.S. regulators sent the company subpoenas, though Nvidia denied the reports.Broadcom is expected to report revenue and earnings growth, boosted by artificial intelligence demand, which could help reassure investors of the secto ...
Missed Out on Broadcom? Buy This Artificial Intelligence (AI) Semiconductor Stock Before It Skyrockets
The Motley Fool· 2024-09-05 16:23
This company reported a massive jump in its data center revenue last quarter thanks to its growing traction in the AI chip market.Shares of Broadcom (AVGO 0.87%) delivered impressive gains of 82% in the past year thanks to the company's solid position in the market for custom artificial intelligence (AI) chips, which led to robust growth in the company's semiconductor business. It also helped that Broadcom was named the second-most important AI chip company after Nvidia by JPMorgan analyst Harlan Sur.That d ...
Broadcom Bears Roar As Q3 Earnings Loom: Can Bulls Turn The Tide For This AI Stock?
Benzinga· 2024-09-05 00:44
Wall Street expects Broadcom Inc AVGO to report $1.20 in earnings per share (EPS) and $12.96 billion in revenues when the company publishes third-quarter earnings on Thursday after market hours.The stock is up 77.38% over the past year, 42.54% year-to-date.Let’s look at how Broadcom’s stock currently maps against Wall Street estimates.Broadcom‘s Bearish Trend Ahead Of Q3 Earnings Broadcom’s stock is showing a bearish trend, with the share price of $151.87 trading below its five, 20 and 50-day exponential mo ...
Why Broadcom Should Beat Earnings Again
Seeking Alpha· 2024-09-04 17:30
G0d4ather Intro & Thesis I initiated coverage of Broadcom Inc. (NASDAQ:AVGO) stock on July 20, 2023, with a "Hold" rating, which I upgraded to "Buy" in April 2024, admitting my mistake and assuming that the risks I was afraid of initially might not exist. Since my upgrade, the stock has continued to rise, gaining nearly 13% to date so far and outperforming the S&P 500 Index (SP500) (SPY) by a factor of 2. However, since my last update, the stock has entered its volatile phase, becoming an underperformer ...
Move Over, Nvidia and Advanced Micro Devices: Billionaires Are Selling Them and Scooping Up Shares of 2 Artificial Intelligence (AI) Stock-Split Stocks Instead
The Motley Fool· 2024-09-04 17:06
Prominent billionaires are dumping shares of the "brains" behind artificial intelligence (AI)-driven data centers in favor of two AI stocks that have announced or completed stock splits in 2024.Since the advent of the internet in the mid-1990s, investors have pretty much always had a next-big-thing innovation, technology, or trend to captivate their attention. However, no addressable market has seemingly loomed larger since the arrival of the internet than the current rise of artificial intelligence (AI).Wh ...
Broadcom Ahead of Q3 Earnings: To Buy or Not to Buy the AVGO Stock
ZACKS· 2024-09-04 00:36
Broadcom (AVGO) is set to report its third-quarter fiscal 2024 results on Sep. 5.The Zacks Consensus Estimate for revenues is pegged at $12.9 billion, suggesting growth of 45.36% from the year-ago quarter’s reported figure.The consensus mark for earnings has been steady at $1.20 per share over the past 30 days, indicating 14.29% growth from the figure reported in the year-ago quarter.Broadcom’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being ...
Broadcom Stock May Drop Sharply Following Results
Seeking Alpha· 2024-09-04 00:30
JHVEPhotoBroadcom (NASDAQ:AVGO) will report its fiscal third quarter earnings after the market closes on Sept. 5. Analysts are forecasting a 15% y/y increase in earnings per share to $1.22, alongside a significant 46% y/y growth in revenue, bringing the total to approximately $13 billion. However, it’s important to note that the growth in Broadcom’s Semiconductor Solutions segment is expected to be relatively modest, with an anticipated increase of just 7% y/y, reaching $7.4 billion. The company’s AI seg ...