Categories AlphaGraphs, Earnings, Technology
Everything you need to know about Broadcom’s Q2 2023 earnings report
Broadcom, Inc. (NASDAQ: AVGO) on Thursday said its second-quarter 2023 earnings and revenues increased year-over-year. The chipmaker also provided guidance for the third quarter.
Earnings, excluding non-recurring items, came in at $10.32 per share in the April quarter, up from last year’s earnings of $9.07 per share. Unadjusted net income climbed to $3.48 billion or $8.15 per share in Q2 from $2.59 billion or $5.93 per share in the second quarter of 2022.
Revenues increased 8% annually to $8.73 billion in the three-month period, driving the bottom-line growth. The management expects third-quarter revenues to be $8.85 billion and adjusted EBITDA to be 65% of revenues.
“Broadcom’s second-quarter results were driven by demand for next-generation technologies from hyperscale, while enterprise and service providers continued to sustain,” said Broadcom’s CEO Hok Tan.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
