Earnings Season| AVGO with a solid 2Q
$Broadcom(AVGO)$ AVGO with a solid 2Q
2Q YoY
Revenue +8%
Semiconductors sol. +9%
Infr. software +3%
Net income +12%
Dil. EPS +14%
OCF +6%
FCF +5%
$3.4 B in shares repurchased
3Q guidance
$8.85 B revenue (+5% YoY)
AVGO revenue growth decelerating to single digit
YoY
1Q23 +16%
2Q23 +23%
3Q22 +25%
4Q22 +21%
1Q23 +16%
2Q23 +8%
3Q23 +5% (guidance)
Stock is up (42% YTD) most over the past month
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