🔹 Adjusted EPS: $1.58 (Est. $1.56) 🟢
🔹 Net Revenue: $15.00B (Est. $14.96B) 🟢; UP +20% YoY
🔹 AI Revenue: $4.4B; UP +46% YoY
Q3 Guidance:
🔸 Broadcom expects Q3 AI Revenue to hit $5.1B
🔹 Revenue: ~$15.8B (Est. $15.72B) 🟢; UP +21% YoY
🔹 Adjusted EBITDA: At least 66% of revenue
Q2 Segment Revenue:
🔹 Semiconductor Solutions : $8.41B (Est. $8.39B) 🟢; UP +17% YoY
🔹 Infrastructure Software Revenue: $6.60B; UP +25% YoY
Other Key Q2 Metrics:
🔹 Adj Net Income: $7.79B; UP +44% YoY
🔹 Adj EBITDA: $10.00B (67% of revenue); UP +35% YoY
🔹 Free Cash Flow: $6.41B; UP +44% YoY
🔹 Cash from Operations: $6.56B
🔹 Dividend: $0.59/share, payable June 30, 2025
🔹 Total Dividend Payout: $2.79B
🔹 Shares Repurchased & Eliminated: 25.3M shares for $4.22B
🔹 Cash & Cash Equivalents: $9.47B (vs. $9.31B prior quarter)
CEO Hock Tan's Commentary:
🔸 "Broadcom achieved record second quarter revenue on continued momentum in AI semiconductor solutions and VMware. Q2 AI revenue grew 46% year-over-year to over $4.4 billion driven by robust demand for AI networking."
🔸 "We expect growth in AI semiconductor revenue to accelerate to $5.1 billion in Q3, delivering ten consecutive quarters of growth, as our hyperscale partners continue to invest."
CFO Kirsten Spears' Commentary:
🔸 "Consolidated revenue grew 20% YoY to a record $15.0B. Adjusted EBITDA increased 35% YoY to $10.0B. Free cash flow was a record $6.4B, up 44% YoY. We returned $7B to shareholders through dividends and buybacks."
