Broadcom (AVGO) Tops Q1 EPS by 15c, Offers Guidance

Broadcom (NASDAQ: AVGO) reported Q1 EPS of $10.33, $0.15 better than the analyst estimate of $10.18. Revenue for the quarter came in at $8.92 billion versus the consensus estimate of $8.9 billion.

GUIDANCE:

Broadcom sees Q2 2023 revenue of $8.7 billion, versus the consensus of $8.58 billion.

• Second quarter revenue guidance of approximately $8.7 billion; and
• Second quarter Adjusted EBITDA guidance of approximately 64.5 percent of projected revenue.

For earnings history and earnings-related data on Broadcom (AVGO) click here.

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