AVGO Earnings Prediction
The chart below shows how AVGO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AVGO sees a -2.37% change in stock price 10 days leading up to the earnings, and a +8.71% change 10 days following the report. On the earnings day itself, the stock moves by +0.95%. This data can give you a slight idea of what to expect for the next quarter's release.
AVGO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.05B
51.20%
7.51%
Gross Margin
58.63%
-10.08%
0.83%
Operating Margin
35.55%
-22.33%
12.00%
Net Margin
29.92%
-21.08%
-373.24%
EPS
0.90
-89.09%
-325.00%
No Data Available
AVGO Earnings Analysis
Broadcom Inc Corporation (AVGO.O) Earnings Conference Call
Positive
Record Revenue Growth: Consolidated revenue grew 44% year-over-year to a record $51.6 billion for fiscal year 2024.
Organic Revenue Growth: Excluding VMware, revenue grew over 9% organically.
Operating Profit Growth: Operating profit, excluding transition costs, grew 42% year-over-year.
Record Cash Return to Shareholders: Returned a record $22 billion in cash to shareholders, up 45% year-on-year through dividends, buybacks, and eliminations.
AI Revenue Surge: AI revenue grew 220% from $3.8 billion in fiscal 2023 to $12.2 billion in fiscal 2024, representing 41% of semiconductor revenue.
Negative
Net Revenue Decline: Consolidated net revenue of $14.1 billion was down 51% year-on-year, excluding the contribution from VM ware.
Gross Margin Decline: Gross margins were 76.9% of revenue in the quarter, up 260 basis points from the year ago quarter, indicating a decline in profitability.
R&D and Operating Expenses Increase: R&D was $1.4 billion, and consolidated operating expenses were $2 billion, up year-on-year primarily due to the acquisition and consolidation of VM ware.
Operating Income Surge: Q4 operating income was $8.8 billion and was up 53% from a year ago, with operating margin at 63% of revenue, indicating a decline in operational efficiency.
Inventory Decline Due to Demand: We ended the fourth quarter with inventory of $1.8 billion, down 7% sequentially, reflecting a decrease in demand.
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AVGO Earning Call Sentiment
Broadcom Inc. (AVGO) Q4 2024 Earnings Call Transcript
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00:00
00:00
AVGO.O
-17.4%Positive
The earnings call summary indicates strong financial performance with a 12% revenue increase and a robust share buyback program. Despite a slight decrease in gross margin and competitive pressures, the optimistic long-term growth outlook in cloud, 5G, and IoT markets, along with a high dividend payout, supports a positive sentiment. The Q&A section highlights management's proactive approach to supply chain challenges and growth drivers, although the lack of specific revenue targets introduces some uncertainty. Overall, the financial health and shareholder return plans suggest a positive stock price movement.