Categories AlphaGraphs, Earnings, Technology

AVGO Earnings: Broadcom Q2 earnings, revenue top expectations; guides Q3

Broadcom, Inc. (NASDAQ: AVGO) has reported stronger-than-expected earnings and revenues for the second quarter of 2022. The chipmaker’s stock traded sharply higher Friday morning.

Net profit was $9.07 per share in the second quarter, on an adjusted basis, up from last year’s earnings of $6.62 per share. Unadjusted net income climbed to $2.59 billion or $5.93 per share from $1.49 billion or $3.30 per share in the second quarter of 2021. Analysts had predicted a smaller number for the most recent quarter.

Driving the bottom-line growth, second-quarter revenues increased 23% annually to $8.10 billion and exceeded the Street view.


Check this space to read management/analysts’ comments on Broadcom’s Q2 earnings


“We generated $4.2 billion in free cash flow and are expecting free cash flow to remain strong in the third quarter. Consistent with our commitment to return excess cash to shareholders, we returned $4.5 billion to shareholders in the quarter including $1.7 billion of cash dividends and $2.8 billion of share repurchases,” said Broadcom’s CFO Kirsten Spears.

Prior Performance

  • Broadcom Q1 2022 earnings infographic
  • Broadcom Q4 2021 earnings infographic
  • Broadcom Q3 2021 earnings infographic

Most Popular

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per

After weak start to 2023, Apple (AAPL) sees some bright spots

Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top