Broadcom Shares Hit a Record High on Surging Revenue and an Announced Stock Split. Is It Too Late to Buy the Stock? [Yahoo! Finance]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Yahoo! Finance
Broadcom's stock price has now more than doubled over the past year. Let's take a look a the company's most recent quarterly results and whether or not it is too late to buy the stock. AI and software lead the way for Broadcom in Q2 For fiscal 2024's second quarter (ended May 5), Broadcom's revenue climbed 43% year over year to $12.5 billion. Excluding its VMware segment, revenue rose 12%. Broadcom completed its $69 billion acquisition of VMware last November. AI revenue surged 280% year over year to $3.1 billion. Semiconductor solutions revenue rose 6% year over year to $7.2 billion. Networking revenue soared 44% to $3.8 billion, while wireless revenue edged up 2% to $1.6 billion. On the downside, server storage connectivity revenue in Q2 dropped 27% year over year to $824 million, while broadband revenue sank 39% to $730 million due to continued cyclical weakness from enterprises and telcos. Broadcom management said that Q2 service storage revenue was at the bottom of its cu
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AVGO
Earnings
- 9/5/24 - Beat
AVGO
Sec Filings
- 9/27/24 - Form 4
- 9/27/24 - Form 4
- 9/27/24 - Form FWP
- AVGO's page on the SEC website