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Broadcom | 10-Q: Q2 2024 Earnings Report

Broadcom | 10-Q: Q2 2024 Earnings Report

博通 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/06/14 04:18

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Broadcom reported strong fiscal Q2 2024 results with revenue climbing 43% year-over-year to $12.49 billion, driven by the successful integration of VMware and robust semiconductor demand. The infrastructure software segment revenue surged 175% to $5.29 billion, while semiconductor solutions revenue grew 6% to $7.20 billion, boosted by AI networking products. Operating income was $2.97 billion with net income of $2.12 billion.The company made significant progress integrating VMware following the $69 billion acquisition closed in November 2023. Management highlighted strong execution in focusing VMware's core business on private and hybrid cloud environments for large enterprises globally. The company also announced plans to sell VMware's end-user computing business for approximately $3.8 billion.Looking ahead, Broadcom maintained strong cash generation with $4.58 billion in operating cash flow for the quarter. The Board declared a quarterly dividend of $5.25 per share. The company also announced a 10-for-1 stock split effective July 2024 and made a $2 billion repayment on term loans, demonstrating commitment to deleveraging post-VMware acquisition.
Broadcom reported strong fiscal Q2 2024 results with revenue climbing 43% year-over-year to $12.49 billion, driven by the successful integration of VMware and robust semiconductor demand. The infrastructure software segment revenue surged 175% to $5.29 billion, while semiconductor solutions revenue grew 6% to $7.20 billion, boosted by AI networking products. Operating income was $2.97 billion with net income of $2.12 billion.The company made significant progress integrating VMware following the $69 billion acquisition closed in November 2023. Management highlighted strong execution in focusing VMware's core business on private and hybrid cloud environments for large enterprises globally. The company also announced plans to sell VMware's end-user computing business for approximately $3.8 billion.Looking ahead, Broadcom maintained strong cash generation with $4.58 billion in operating cash flow for the quarter. The Board declared a quarterly dividend of $5.25 per share. The company also announced a 10-for-1 stock split effective July 2024 and made a $2 billion repayment on term loans, demonstrating commitment to deleveraging post-VMware acquisition.
博通公司(Broadcom)发布了截至2024年5月5日的财季和两个财季的财务业绩。公司报告,与去年同期相比,本季度净营业收入增长了43%,达到124.87亿美元,两个财季增长了39%,达到244.48亿美元。这种增长归因于半导体解决方案领域强劲的产品需求和最近收购的威睿的贡献。然而,营业收入下降了26%,本季度为29.65亿美元,两个财季下降了38%,为50.48亿美元,与去年同期相比,主要是由于收购相关无形资产的摊销,股票补偿费用和与威睿合并相关的重组费用增加导致的。毛利率净收入占比从本季度的70%下降到62%,两个财季从69%下降到62%,与去年同期相比下降。公司还报告本季度重组费用34...展开全部
博通公司(Broadcom)发布了截至2024年5月5日的财季和两个财季的财务业绩。公司报告,与去年同期相比,本季度净营业收入增长了43%,达到124.87亿美元,两个财季增长了39%,达到244.48亿美元。这种增长归因于半导体解决方案领域强劲的产品需求和最近收购的威睿的贡献。然而,营业收入下降了26%,本季度为29.65亿美元,两个财季下降了38%,为50.48亿美元,与去年同期相比,主要是由于收购相关无形资产的摊销,股票补偿费用和与威睿合并相关的重组费用增加导致的。毛利率净收入占比从本季度的70%下降到62%,两个财季从69%下降到62%,与去年同期相比下降。公司还报告本季度重组费用34500万美元,两个财季重组费用为10.57亿美元,主要与威睿整合的员工解雇费用相关。博通宣布每股派息5.25美元,并宣布在2024年7月生效的十股合一。展望未来,博通公司预计将于2025年财政年度结束前完成重组活动,并预计以约38亿美元的价格出售威睿的终端用户计算业务,具体取决于常规的收盘条件。
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