AVGO Earnings: Highlights of Broadcom’s Q1 2023 report

Date:

Share post:

[ad_1]

Chipmaker Broadcom, Inc. (NASDAQ: AVGO) Thursday reported larger adjusted earnings and revenues for the primary quarter of 2023.

Broadcom Q1 2023 earnings infographic

Internet revenue was $10.33 per share within the first three months of the fiscal yr, on an adjusted foundation, up from final yr’s earnings of $8.39 per share. Unadjusted internet earnings climbed to $3.77 billion or $8.80 per share from $2.47 billion or $5.59 per share within the first quarter of 2022.

Driving the bottom-line progress, first-quarter revenues elevated 16% yearly to $8.92 billion. The Firm generated $4,036 million in money from operations and spent $103 million on capital expenditures in the course of the quarter.


Examine this area to learn administration/analysts’ feedback on Broadcom’s Q1 earnings


“Broadcom’s first quarter efficiency displays continued power in infrastructure demand throughout all our finish markets. Wanting forward, we’re assured our progress shall be pushed by sustained management in next-generation applied sciences throughout all of our core markets, and robust partnerships with our clients.,” stated Broadcom’s CEO Hok Tan.

Prior Efficiency

[ad_2]

Supply hyperlink

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Music labels sue nonprofit Internet Archive for copyright infringement

Sony Music Entertainment and five other major music companies sued the non-profit Internet Archive, saying that its posting...

Best outdoor tech deal: HD Digital Camera Binoculars on sale for $122

TL;DR: As of August 12, you can get HD Digital Camera Binoculars for only $121.99 instead of...

Prepared for a stock market rally? The FTSE 100 could top 9,000 within a year!

Proceed with caution While a potential 26% upside is indeed appealing, investors should exercise caution. Prudent...

SolarEdge is among most oversold stocks in S&P 500. Here are others

After slumping 38% this year, shares of SolarEdge Technologies are looking to bounce back, at least according...