Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Quarterly Dividend - To The Moon

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- Buce PramudiaBuce Pramudia
  ·2024-12-14
  $Broadcom(AVGO)$ uch
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- MaverickWealthBuilderMaverickWealthBuilder
  ·2024-12-13
  AVGO Q4: AI accelerating, margin next level
  As one of the top performers in the entire semiconductor sector this year, $Broadcom(AVGO)$ continued to surge 14% after announcing its Q4 results on Dec. 12 after-hours.Margin improvement was driven by a relatively strong financial performance in Q4, led by increased revenue in AI, as well as VMware integration and cost control.Investor reaction to the company's future outlook was quite optimistic as the company again raised its guidance for the next quarter on the call and expects the market for AI gas pedals to rise again to $15-20 billion.Key Financials and Market ExpectationsTotal revenue was $14.054 billion, up 51% year-over-year, essentially unchanged from market expectations of $14.08 billion.Net income on a GAAP basis was $4.324 billion,
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  AVGO Q4: AI accelerating, margin next level

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