In This Article:
Broadcom (NASDAQ:AVGO) Full Year 2024 Results
Key Financial Results
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Revenue: US$51.6b (up 44% from FY 2023).
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Net income: US$6.17b (down 56% from FY 2023).
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Profit margin: 12% (down from 39% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: US$1.33 (down from US$3.39 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Broadcom EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.
The primary driver behind last 12 months revenue was the Semiconductor Solutions (Including Intellectual Property Licensing) segment contributing a total revenue of US$30.1b (58% of total revenue). The most substantial expense, totaling US$9.34b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how AVGO's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 9.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Broadcom has 3 warning signs we think you should be aware of.
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