Categories Analysis, Technology

Broadcom (AVGO) Q3 profit, revenue top expectations; guides Q4

Broadcom, Inc. (NASDAQ: AVGO) reported stronger-than-expected earnings and revenues for the third quarter of 2022. The chipmaker’s stock gained Thursday evening following the announcement.

Broadcom Q3 2022 earnings infographic

Net profit was $9.73 per share in the third quarter, on an adjusted basis, up from last year’s earnings of $6.96 per share. Unadjusted net income climbed to $3.07 billion or $7.15 per share from $1.88 billion or $4.20 per share in the third quarter of 2021. Analysts had predicted a smaller number for the latest quarter.

Driving the bottom-line growth, third-quarter revenues increased 25% annually to $8.46 billion and exceeded the Street view.

Check this space to read management/analysts’ comments on Broadcom’s Q3 earnings

“We remain committed to return excess cash to shareholders and in the third quarter, we returned $3.2 billion to shareholders including $1.7 billion of cash dividends and $1.5 billion of share repurchases,” said Broadcom’s CFO Kirsten Spears.

Prior Performance

  • Broadcom Q2 2022 earnings infographic
  • Broadcom Q1 2022 earnings infographic
  • Broadcom Q4 2021 earnings infographic
  • Broadcom Q3 2021 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

DG Earnings Preview: What to look for when Dollar General reports Q3 results

Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains

Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not

KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results

The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales

Add Comment
Viewing Highlight