Broadcom Inc. reported strong financial results for fiscal year 2024, with revenue surging 44% to $51.6 billion, driven by the transformative $86.3 billion VMware acquisition and robust demand for AI networking products. Net income was $5.9 billion, with diluted EPS of $1.23. The semiconductor solutions segment grew 7% to $30.1 billion while infrastructure software revenue jumped 181% to $21.5 billion.The company successfully integrated VMware's core business, acquiring $45.6 billion in intangible assets and generating $54.2 billion in goodwill. Operating cash flow remained strong at $20 billion. During the year, Broadcom returned significant capital to shareholders through $9.8 billion in dividends and $7.2 billion in share repurchases. The company also divested VMware's end-user computing business to KKR for $3.5 billion.Looking ahead, Broadcom maintains a solid financial position with $9.3 billion in cash and expects continued growth in AI-related products. The company's debt increased to $69.8 billion following the VMware deal but was partially offset by strong cash generation. Management remains focused on integrating VMware's private cloud capabilities while expanding its semiconductor portfolio, particularly in AI networking solutions.

Broadcom Inc. reported strong financial results for fiscal year 2024, with revenue surging 44% to $51.6 billion, driven by the transformative $86.3 billion VMware acquisition and robust demand for AI networking products. Net income was $5.9 billion, with diluted EPS of $1.23. The semiconductor solutions segment grew 7% to $30.1 billion while infrastructure software revenue jumped 181% to $21.5 billion.The company successfully integrated VMware's core business, acquiring $45.6 billion in intangible assets and generating $54.2 billion in goodwill. Operating cash flow remained strong at $20 billion. During the year, Broadcom returned significant capital to shareholders through $9.8 billion in dividends and $7.2 billion in share repurchases. The company also divested VMware's end-user computing business to KKR for $3.5 billion.Looking ahead, Broadcom maintains a solid financial position with $9.3 billion in cash and expects continued growth in AI-related products. The company's debt increased to $69.8 billion following the VMware deal but was partially offset by strong cash generation. Management remains focused on integrating VMware's private cloud capabilities while expanding its semiconductor portfolio, particularly in AI networking solutions.