Broadcom — Jun 5, 2025 release

“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 to shareholders in the second quarter through $2.8 billion of cash dividends and $4.2 billion of stock repurchases.” ________________________________ (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 Second Quarter Fiscal Year 2025 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q2 25 Q2 24 Change Q2 25 Q2 24 Change Net revenue $ 15,004  $ 12,487  +20 % $ 15,004  $ 12,487  +20 % Net income $ 4,965  $ 2,121  +134 % $ 7,787  $ 5,394  +44 % Earnings per common share - diluted $ 1.03  $ 0.44  +$0.59 $ 1.58  $ 1.10  +$0.48 (Dollars in millions)