Broadcom (AVGO) Tops Q2 EPS by 11c, Offers Guidance, Plans Stock Split

Broadcom (NASDAQ: AVGO) reported Q2 EPS of $10.96, $0.11 better than the analyst estimate of $10.85. Revenue for the quarter came in at $12.49 billion versus the consensus estimate of $12.06 billion.

• Ten-for-one forward stock split; trading on a split-adjusted basis is expected to commence on July 15, 2024

GUIDANCE:

Broadcom sees FY2024 revenue of $51 billion, versus the consensus of $50.4 billion.

• Fiscal year 2024 Adjusted EBITDA guidance of approximately 61 percent of projected revenue.

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

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