2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Revenue | $24B | $27B | $33B | $36B | $52B |
Cost of Revenue | $10B | $11B | $11B | $11B | $19B |
Gross Profit | $14B | $17B | $22B | $25B | $33B |
Gross Profit % | 57% | 61% | 67% | 69% | 63% |
R&D Expenses | $5B | $4.9B | $4.9B | $5.3B | $9.3B |
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Net Income | $3B | $6.7B | $11B | $14B | $5.9B |
Dep. & Amort. | $6.9B | $6B | $5B | $3.8B | $10B |
Def. Tax | -$1.1B | -$809M | -$34M | -$501M | $0 |
Stock Comp. | $2B | $1.7B | $1.5B | $2.2B | $5.7B |
Chg. in WC | $1.1B | -$127M | -$1.7B | -$1.6B | -$4.6B |
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Cash | $7.6B | $12B | $12B | $14B | $9.3B |
ST Investments | $0 | $0 | $0 | $0 | $0 |
Cash & ST Inv. | $7.6B | $12B | $12B | $14B | $9.3B |
Receivables | $2.3B | $2.1B | $3B | $3.2B | $4.4B |
Inventory | $1B | $1.3B | $1.9B | $1.9B | $1.8B |
Broadcom reported record Q1 FY25 revenue of $14.9 billion, up 25% YoY, with adjusted EBITDA of $10.1 billion, up 41% YoY.
AI-related semiconductor revenue reached $4.1 billion in Q1, up 77% YoY, and is expected to grow to $4.4 billion in Q2, representing a 44% YoY increase.
The company reaffirmed its FY27 AI TAM estimate of $60-$90 billion for its three hyperscale customers and noted engagements with four additional hyperscalers, which are not yet included in the TAM estimate.
Infrastructure software revenue grew 47% YoY to $6.7 billion in Q1, driven by VMware integration and a shift to subscription-based models; Q2 software revenue is expected to be $6.5 billion, up 23% YoY.
Broadcom guided Q2 FY25 consolidated revenue to $14.9 billion, up 19% YoY, with adjusted EBITDA expected at 66% of revenue.