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
NFLX Earnings: Netflix Q1 2025 revenue and profit beat estimates
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025, as its subscriber base continued to expand. Both revenue and the bottom line
Another tough quarter in the cards as Intel prepares for Q1 2025 earnings
Intel Corporation (NASDAQ: INTC) has been facing intense competition from rivals Nvidia in AI chips and AMD in CPUs, lately. The Semiconductor giant issued weak guidance after reporting lower revenues
What to expect when American Airlines (AAL) reports Q1 2025 earnings results
Shares of American Airlines Group (NASDAQ: AAL) stayed red on Thursday. The stock has dropped 48% over the past three months. The airline is slated to report its earnings results
