Broadcom Q1 2024 Earnings: A Closer Look at the Results and Projections
Thursday, 7 March 2024, 17:12
Listen to Broadcom’s earnings call live and check the real-time transcript
Analysts’ average estimate for first-quarter earnings, adjusted for special items, is $10.29 per share, slightly lower than $10.33 a year earlier. Revenues are expected to be $11.72 billion in Q1.
In the fourth quarter
Both earnings and revenues exceeded expectations, continuing a trend of strong performance over the past four years. Q4 revenues grew 4% annually to $9.30 billion, boosting adjusted earnings per share to $11.06, up 6% YoY. The core Semiconductor Solutions segment expanded by 3%.
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