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NASDAQ:AVGO
Broadcom Stock Earnings Reports
$191.25
-0.410 (-0.214%)
At Close: Mar 24, 2025
Broadcom Earnings Calls
Q1 2025
Beat
$1.60 (5.96%)
| Release date | Mar 06, 2025 |
| EPS estimate | $1.51 |
| EPS actual | $1.60 |
| EPS Surprise | 5.96% |
| Revenue estimate | 14.616B |
| Revenue actual | 14.916B |
| Revenue Surprise | 2.05% |
Q4 2024
Beat
$1.42 (2.90%)
| Release date | Dec 12, 2024 |
| EPS estimate | $1.38 |
| EPS actual | $1.42 |
| EPS Surprise | 2.90% |
| Revenue estimate | 14.068B |
| Revenue actual | 14.054B |
| Revenue Surprise | -0.101% |
Q3 2024
Beat
$1.24 (1.64%)
| Release date | Sep 05, 2024 |
| EPS estimate | $1.22 |
| EPS actual | $1.24 |
| EPS Surprise | 1.64% |
| Revenue estimate | 12.979B |
| Revenue actual | 13.072B |
| Revenue Surprise | 0.719% |
Q2 2024
Beat
$1.10 (0.92%)
| Release date | Jun 12, 2024 |
| EPS estimate | $1.09 |
| EPS actual | $1.10 |
| EPS Surprise | 0.92% |
| Revenue estimate | 12.057B |
| Revenue actual | 12.487B |
| Revenue Surprise | 3.57% |
Last 4 Quarters for Broadcom
Below you can see how AVGO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Jun 12, 2024 |
| Fiscal end date | May 05, 2024 |
| Price on release | $149.55 |
| EPS estimate | $1.09 |
| EPS actual | $1.10 |
| EPS surprise | 0.92% |
| Date | Price |
|---|---|
| Jun 06, 2024 | $140.13 |
| Jun 07, 2024 | $140.66 |
| Jun 10, 2024 | $144.05 |
| Jun 11, 2024 | $146.10 |
| Jun 12, 2024 | $149.55 |
| Jun 13, 2024 | $167.90 |
| Jun 14, 2024 | $173.50 |
| Jun 17, 2024 | $182.89 |
| Jun 18, 2024 | $180.25 |
| 4 days before | 6.72% |
| 4 days after | 20.53% |
| On release day | 12.27% |
| Change in period | 28.63% |
Q3 2024
Beat
| Release date | Sep 05, 2024 |
| Fiscal end date | Aug 04, 2024 |
| Price on release | $152.82 |
| EPS estimate | $1.22 |
| EPS actual | $1.24 |
| EPS surprise | 1.64% |
| Date | Price |
|---|---|
| Aug 29, 2024 | $156.93 |
| Aug 30, 2024 | $162.82 |
| Sep 03, 2024 | $152.79 |
| Sep 04, 2024 | $154.12 |
| Sep 05, 2024 | $152.82 |
| Sep 06, 2024 | $137.00 |
| Sep 09, 2024 | $140.82 |
| Sep 10, 2024 | $148.21 |
| Sep 11, 2024 | $158.27 |
| 4 days before | -2.62% |
| 4 days after | 3.57% |
| On release day | -10.35% |
| Change in period | 0.85% |
Q4 2024
Beat
| Release date | Dec 12, 2024 |
| Fiscal end date | Nov 03, 2024 |
| Price on release | $180.66 |
| EPS estimate | $1.38 |
| EPS actual | $1.42 |
| EPS surprise | 2.90% |
| Date | Price |
|---|---|
| Dec 06, 2024 | $179.53 |
| Dec 09, 2024 | $178.94 |
| Dec 10, 2024 | $171.81 |
| Dec 11, 2024 | $183.20 |
| Dec 12, 2024 | $180.66 |
| Dec 13, 2024 | $224.80 |
| Dec 16, 2024 | $250.00 |
| Dec 17, 2024 | $240.23 |
| Dec 18, 2024 | $223.62 |
| 4 days before | 0.629% |
| 4 days after | 23.78% |
| On release day | 24.43% |
| Change in period | 24.56% |
Q1 2025
Beat
| Release date | Mar 06, 2025 |
| Fiscal end date | Feb 02, 2025 |
| Price on release | $179.45 |
| EPS estimate | $1.51 |
| EPS actual | $1.60 |
| EPS surprise | 5.96% |
| Date | Price |
|---|---|
| Feb 28, 2025 | $199.43 |
| Mar 03, 2025 | $187.37 |
| Mar 04, 2025 | $187.48 |
| Mar 05, 2025 | $191.58 |
| Mar 06, 2025 | $179.45 |
| Mar 07, 2025 | $194.96 |
| Mar 10, 2025 | $184.45 |
| Mar 11, 2025 | $190.09 |
| Mar 12, 2025 | $194.23 |
| 4 days before | -10.02% |
| 4 days after | 8.24% |
| On release day | 8.64% |
| Change in period | -2.61% |
Broadcom Earnings Call Transcript Summary of Q1 2025
Q1 FY 2025 Earnings Call
Financial Performance:
- Record Revenue: Broadcom reported total revenue of $14.9 billion for Q1 FY 2025, a 25% increase year-on-year. Adjusted EBITDA was also a record at $10.1 billion, up 41% from the previous year.
- Semiconductor Business: Semiconductor revenue reached $8.2 billion, 11% growth year-on-year, largely driven by AI-related products.
- Infrastructure Software: Software revenue was $6.7 billion, reflecting a 47% increase year-on-year, buoyed by the addition of VMware-related revenue.
AI Segment Insights:
- AI Revenue Growth: AI revenue surged to $4.1 billion in Q1, up 77% year-on-year, with expectations to rise to $4.4 billion in Q2 (44% increase YOY).
- Investment in R&D: Broadcom is focusing R&D investments to develop next-generation AI chips, including a two-nanometer AI XPU and enhancements in networking chips to support large AI clusters.
- Custom Solutions for Hyperscalers: The company has increasingly engaged with hyperscale customers, with a significant serviceable addressable market (SAM) of $60 to $90 billion anticipated by 2027 from three key customers. Additional engagements with four more partners are ongoing but are not counted in current SAM estimates.
Market Trends:
- AI Workload Focus: The dominance of AI workloads is shifting from training to inference, yet training remains the larger revenue opportunity for Broadcom. The company has built its architecture to accommodate both.
- Disruption from AI: Broadcom is capitalizing on the disruptions caused by generative AI, which is accelerating semiconductor technology development.
Guidance and Expectations:
- Q2 Revenue Expectations: For Q2 FY 2025, Broadcom anticipates revenues of approximately $14.9 billion, driven by increases in both semiconductor ($8.4 billion) and software division revenues ($6.5 billion).
- Operating Margins: Expected adjusted EBITDA margin is approximately 66% for Q2, reflecting strong profitability in both divisions.
Cash Flow and Capital Allocation:
- Strong Free Cash Flow: Free cash flow for Q1 was $6 billion (40% of revenue). The company continues to manage its debt effectively, repaying $1.1 billion net during the quarter while also maintaining substantial cash reserves ($9.3 billion).
- Dividends and Share Repurchases: Broadcom paid $2.8 billion in cash dividends and repurchased shares as part of its capital allocation strategy.
Risks and Considerations:
- Broadcom remains cautious about external factors, including geopolitical tensions and potential tariffs that could impact business dynamics.
Conclusion for Investors:
Broadcom's strong performance in Q1 FY 2025 positions it well for growth, particularly in the AI semiconductor space. With continued investment in R&D and a strategic focus on key partnerships with hyperscalers, the company is set to encounter substantial revenue opportunities in the coming quarters. Monitoring the evolving market landscape and potential regulatory impacts will be crucial for evaluating future performance.
Broadcom Earnings History
Earnings Calendar
FAQ
When is the earnings report for AVGO?
Broadcom (AVGO) has scheduled its earnings report for Jun 11, 2025 after the markets close.
What is the AVGO price-to-earnings (P/E) ratio?
AVGO P/E ratio as of Mar 24, 2025 (TTM) is 89.33.
What is the AVGO EPS forecast?
The forecasted EPS (Earnings Per Share) for Broadcom (AVGO) for the first fiscal quarter 2025 is $1.56.
What are Broadcom's retained earnings?
On its balance sheet, Broadcom reported retained earnings of $14.92 billion for the latest quarter ending Feb 02, 2025.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
