Third-quarter revenue grew 86% to $29.6bn ($29.4bn expected), driven by strong semiconductor performance up 127%.
Underlying operating profit rose 92% to $20.1bn ($19.7bn expected).
Free cash flow rose 95% to $13.7bn, driven by the improved profitability. Net debt stood at $35.4bn at the end of the period, and a quarterly dividend of $0.65 per share has been approved.
Fourth-quarter revenue is expected to grow by around 93% to $34.8bn ($34.9bn expected), with an underlying operating profit margin of 66%. 2027 AI revenues are now expected around $115bn (previously $100bn).
The shares were broadly flat in after-hours trading.
Our view
HL view to follow.
Broadcom key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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