Broadcom — Jun 5, 2025 release

Announces Second Quarter Fiscal Year 2025 Financial Results and Quarterly Dividend • Revenue of $15,004 million for the second quarter, up 20 percent from the prior year period • GAAP net income of $4,965 million for the second quarter; Non-GAAP net income of $7,787 million for the second quarter • Adjusted EBITDA of $10,001 million for the second quarter, or 67 percent of revenue • GAAP diluted EPS of $1.03 for the second quarter; Non-GAAP diluted EPS of $1.58 for the second quarter • Cash from operations of $6,555 million for the second quarter, less capital expenditures of $144 million, resulted in $6,411 million of free cash flow, or 43 percent of revenue • Quarterly common stock dividend of $0.59 per share • Repurchased and eliminated 25.3 million shares for $4,216 million • Third quarter fiscal year 2025 revenue guidance of approximately $15.8 billion, an increase of 21 percent from the prior year period • Third quarter fiscal year 2025 Adjusted EBITDA guidance of at least 66 percent of projected revenue (1) PALO ALTO, Calif. – June 5, 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 second quarter of fiscal year 2025, ended May 4, 2025, provided guidance for its third quarter of fiscal year 2025 and announced its quarterly dividend. “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,” said Hock Tan, President and CEO of Broadcom Inc. “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.” “Consolidated revenue grew 20% year-over-year to a record $15.0 billion. Adjusted EBITDA increased 35% year-over-year to $10.0 billion reflecting our strong business model,” said Kirsten Spears, CFO of Broadcom Inc. “Free cash flow was a record $6.4 billion, up 44% year-over-year. Consistent with our commitment to return excess cash to shareholders, we returned $7.0 billion