Summary by Moomoo AI
Broadcom Inc. reported Q4 FY2024 revenue of $14.05B, up 51% YoY, driven by strong AI and infrastructure software growth. Net income reached $4.32B, with non-GAAP EPS of $1.42. Full-year revenue grew 44% to $51.6B, with AI revenue surging 220% to $12.2B.The company generated $5.6B in cash from operations and $5.48B in free cash flow. Adjusted EBITDA was $9.09B, or 65% of revenue. Broadcom raised its quarterly dividend by 11% to $0.59 per share, marking the 14th consecutive annual increase.For Q1 FY2025, Broadcom projects revenue of approximately $14.6B, up 22% YoY, with adjusted EBITDA at about 66% of revenue. The company highlighted successful integration of VMware and strong performance in AI and networking portfolios.
