Broadcom — Sep 4, 2025 release

“Broadcom achieved record third quarter revenue on continued strength in custom AI accelerators, networking and VMware. Q3 AI revenue growth accelerated to 63% year-over-year to $5.2 billion,” said Hock Tan, President and CEO of Broadcom Inc. “We expect growth in AI semiconductor revenue to accelerate to $6.2 billion in Q4, delivering eleven consecutive quarters of growth, as our customers continue to strongly invest.” “Consolidated revenue grew 22% year-over-year to a record $16.0 billion. Adjusted EBITDA increased 30% year-over-year to $10.7 billion reflecting strong operating leverage,” said Kirsten Spears, CFO of Broadcom Inc. “Free cash flow was a record $7.0 billion, up 47% year-over-year. Consistent with our commitment to return excess cash to shareholders, we returned $2.8 billion to shareholders in the third quarter through cash dividends.” ________________________________ (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 Third Quarter Fiscal Year 2025 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q3 25 Q3 24 Change Q3 25 Q3 24 Change Net revenue $ 15,952  $ 13,072  +22 % $ 15,952  $ 13,072  +22 % Net income (loss) $ 4,140  $ (1,875) +$6,015 $ 8,404  $ 6,120  +$2,284 Earnings (loss) per common share - diluted $ 0.85  $ (0.40) +$1.25 $ 1.69  $ 1.24  +$0.45 (Dollars in millions) Q3 25 Q3 24 Change Cash flow from o