Introduction
$Broadcom (AVGO.US)$ Is a leading global provider of semiconductor and infrastructure software solutions, announced strong financial results for the fourth quarter (Q4) and full year (FY) of fiscal year 2024. The company has shown excellent growth in revenue, adjusted EBITDA, and free cash flow, particularly with impressive performances in the semiconductor and infrastructure software businesses. This article will analyze Broadcom's financial results and discuss its prospects.
Key Financial Highlights
Q4 FY2024:
Revenue: $14.054 billion, a 51% year-on-year increase.
GAAP Net Income: $4.324 billion, an increase of $800 million year-on-year.
Non-GAAP Net Income: $6.965 billion, an increase of $2155 million year-on-year.
Adjusted EBITDA: $9.089 billion, accounting for 65% of revenue.
Free cash flow: $5.482 billion, accounting for 39% of revenue.
Quarterly dividend: Increased by 11% to $0.59 per share.
Fiscal year 2024:
Total revenue: $51.574 billion, a year-on-year increase of 44%.
GAAP net income: $5.895 billion, a year-on-year decrease of $8.187 billion, mainly affected by amortization and restructuring expenses.
Non-GAAP net income: $23.733 billion, a year-on-year increase of 29%.
Adjusted EBITDA: $31.987 billion, a year-on-year increase of 37%.
free cash flow