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AVGO Earnings: Key quarterly highlights from Broadcom Q2 financial results

Broadcom Inc. (NASDAQ: AVGO) reported second quarter 2021 earnings results today.

Revenues grew 15% year-over-year to $6.6 billion.  

GAAP net income was $1.4 billion, or $3.30 per share, compared to $563 million, or $1.17 per share, last year. Adjusted EPS amounted to $6.62.

Both revenue and earnings surpassed market expectations.

For the third quarter of 2021, revenue is expected to increase 16% YoY to approx. $6.75 billion.

The board has approved a dividend of $3.60 per common share, payable on June 30, 2021 to stockholders of record as of June 22, 2021.

Prior performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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