Broadcom — Mar 6, 2025 release

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 billion. Adjusted EBITDA increased 41% year-over-year to a record $10.1 billion,” said Kirsten Spears, CFO of Broadcom Inc. “Free cash flow was $6.0 billion, up 28% year-over-year.” ________________________________ (1) The Company is not readily able to provide a reconciliation of the projected non-GAAP financial information presented to the relevant projected GAAP measure without unreasonable effort. 1 First Quarter Fiscal Year 2025 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q1 25 Q1 24 Change Q1 25 Q1 24 Change Net revenue $ 14,916  $ 11,961  +25 % $ 14,916  $ 11,961  +25 % Net income $ 5,503  $ 1,325  +$4,178 $ 7,823  $ 5,254  +$2,569 Earnings per common share - diluted $ 1.14  $ 0.28  +$0.86 $ 1.60  $ 1.10  +$0.50 (Dollars in millions) Q1 25 Q1 24 Change Cash flow from operations $ 6,113  $ 4,815  +$1,298 Adjusted EBITDA $ 10,083  $ 7,156  +$2,927 Free cash flow $ 6,013  $ 4,693  +$1,320 Net revenue by segment (Dollars in millions) Q1 25 Q1 24 Change Semiconductor soluti