The corporate reporting period has is going.
Last week, 12 companies from the S&P 500 index reported.
Today, let’s take a look at Broadcom, with revenues of $14.9B. It grew by +5.7% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +2.1%. Let’s analyze the company’s business in more detail.
Broadcom is one of the world’s largest semiconductor manufacturers, specializing in products for the wireless communications and software industries. On average, over the past 5 years, the company has registered more than 500 new patents annually.
The company’s revenues increased by +39.3% year-on-year. The revenue growth was driven by the semiconductor solutions segment for artificial intelligence and infrastructure software. The company also announced a dividend payment of $0.53 per share on May 30.
Manufacturing costs account for 32% of the company’s revenue structure, and gross profit for 68%. Over the past quarter, the company earned a profit of $5.5B. Its market capitalization is $916.6B.
After the publication of the report, Broadcom shares rose by +8.3% to reach $194 per share. In general, market participants are satisfied with the company’s current financial results and reacted positively to the forecasts for the next quarter.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
