Q4 24 EPS
$1.42
BEAT +2.16%
Est. $1.39
Q4 24 Revenue
$14.05B
MISS 0.86%
Est. $14.18B
vs S&P Since Q4 24
+87.5%
BEATING MARKET
AVGO +106.8% vs S&P +19.3%
Full Year 2024 Results
FY 24 EPS
$4.87
BEAT +0.36%
Est. $4.85
FY 24 Revenue
$51.57B
MISS 0.24%
Est. $51.70B
Market Reaction
Did AVGO Beat Earnings? Q4 2024 Results
Broadcom posted a mixed but broadly impressive fourth quarter for fiscal 2024, with earnings per share of $1.42 beating the $1.39 consensus estimate by 2.16%, even as revenue of $14.05 billion came in just shy of the $14.18 billion Wall Street had ex… Read more Broadcom posted a mixed but broadly impressive fourth quarter for fiscal 2024, with earnings per share of $1.42 beating the $1.39 consensus estimate by 2.16%, even as revenue of $14.05 billion came in just shy of the $14.18 billion Wall Street had expected, a gap of less than 1%. The top-line miss did little to obscure the bigger picture: revenue surged 51.2% year-over-year, powered in large part by the VMware integration, which drove infrastructure software sales up 196% to $5.82 billion for the quarter. AI demand was the other defining force, with CEO Hock Tan noting that AI revenue reached $12.20 billion for the full fiscal year, up 220% from the prior year. Investors watching closely will now turn their attention to guidance, with Broadcom projecting Q1 fiscal 2025 revenue of approximately $14.60 billion, a 22% year-over-year increase, alongside adjusted EBITDA margins of roughly 66%.
Key Takeaways
- • AI revenue of $12.2 billion for FY2024, growing 220% year-on-year
- • Successful integration of VMware driving infrastructure software revenue growth of 196% YoY in Q4
- • Semiconductor solutions revenue up 12% YoY driven by AI XPUs and Ethernet networking
- • Adjusted EBITDA margin of 65% of revenue in Q4
AVGO YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
AVGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Broadcom's fiscal year 2024 revenue grew 44% year-over-year to a record $51.6 billion, as infrastructure software revenue grew to $21.5 billion, on the successful integration of VMware.”
— Hock Tan, Q4 2024 Earnings Press Release
AVGO Earnings Trends
AVGO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AVGO EPS Trend
Earnings per share: estimate vs actual
AVGO Revenue Trend
Quarterly revenue: estimate vs actual
AVGO Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.02 | $2.05 | +1.32% | $19.31B | +0.90% |
| Q4 25 BEAT FY | $1.87 | $1.95 | +4.28% | $18.02B | +2.63% |
| FY Full Year | $6.75 | $6.82 | +1.07% | $63.89B | +0.73% |
| Q3 25 BEAT | $1.66 | $1.69 | +1.60% | $15.95B | +0.82% |
| Q2 25 BEAT | $1.57 | $1.58 | +0.59% | $15.00B | +0.20% |
| Q1 25 BEAT | $1.51 | $1.60 | +6.11% | $14.92B | +2.23% |
| Q4 24 BEAT FY | $1.39 | $1.42 | +2.16% | $14.05B | -0.86% |
| FY Full Year | $4.85 | $4.87 | +0.36% | $51.57B | -0.24% |
| Q3 24 BEAT | $1.20 | $1.24 | +3.33% | $13.07B | +0.87% |
| Q2 24 BEAT | $10.84 | $10.96 | +1.11% | $12.49B | +3.82% |