Broadcom — Mar 6, 2025 release

Announces First Quarter Fiscal Year 2025 Financial Results and Quarterly Dividend • Revenue of $14,916 million for the first quarter, up 25 percent from the prior year period • GAAP net income of $5,503 million for the first quarter; Non-GAAP net income of $7,823 million for the first quarter • Adjusted EBITDA of $10,083 million for the first quarter, or 68 percent of revenue • GAAP diluted EPS of $1.14 for the first quarter; Non-GAAP diluted EPS of $1.60 for the first quarter • Cash from operations of $6,113 million for the first quarter, less capital expenditures of $100 million, resulted in $6,013 million of free cash flow, or 40 percent of revenue • Quarterly common stock dividend of $0.59 per share • Second quarter fiscal year 2025 revenue guidance of approximately $14.9 billion, an increase of 19 percent from the prior year period • Second quarter fiscal year 2025 Adjusted EBITDA guidance of approximately 66 percent of projected revenue (1) PALO ALTO, Calif. – March 6, 2025 – Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2025, ended February 2, 2025, provided guidance for its second quarter of fiscal year 2025 and announced its quarterly dividend. “Broadcom’s record first quarter revenue and adjusted EBITDA were driven by both AI semiconductor solutions and infrastructure software. Q1 AI revenue grew 77% year-over-year to $4.1 billion and infrastructure software revenue grew 47% year-over-year to $6.7 billion,” said Hock Tan, President and CEO of Broadcom Inc. “We expect continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers.” “Consolidated revenue grew 25% year-over-year to a record $14.9 bill