Earnings Season| AVGO 3Q in line with guidance 3Q

DividendWave
2023-09-01

AVGO $Broadcom(AVGO)$ 3Q in line with guidance 3Q

  • Revenue of $8,876 million for the third quarter, up 5% from the prior year period

  • Adjusted EBITDA of $5,801 million for the third quarter, Net income +8%

  • Non-GAAP diluted EPS of $10.54 for the third quarter; GAAP diluted EPS of $7.74 for the third quarter, +8%

  • Quarterly common stock dividend of $4.60 per share

  • Repurchased and eliminated 2.9 million shares for $2,167 million

  • Fourth quarter revenue guidance of approximately $9.27 billion, an increase of 4 percent from the prior year period

  • Fourth quarter Adjusted EBITDA guidance of approximately 65% of projected revenue

  • Share repurchases $2.2B

4Q guidance Revenue $9.27 B (+4% YoY/QoQ)

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Comments

  • Andry haryono
    2023-09-01
    Andry haryono
    Great ariticle, would you like to share it?
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