Categories AlphaGraphs, Earnings, Technology

AVGO Earnings: Broadcom Q2 2024 revenue and profit beat estimates

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Wednesday reported higher second-quarter revenues and adjusted earnings. The results also topped analysts’ expectations.

Broadcom Q2 2024 earnings infographic

Earnings, excluding non-recurring items, came in at $10.96 per share in the April quarter, compared to last year’s profit of $10.32 per share. The bottom line beat estimates. Unadjusted net income was $2.12 billion or $4.42 per share in Q2, vs. $3.48 billion or $8.15 per share in the second quarter of last year.

Second-quarter revenues totaled $12.49 billion, compared to $8.73 billion in the corresponding quarter of 2023. Analysts had forecast a slower top-line growth for the latest quarter.

Prior Performance

  • Broadcom Q1 2024 earnings infographic
  • Broadcom Q4 2023 earnings infographic

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