BROADCOM INC Reports USD 8.9 Billion in Total Revenue for Q3 of FY2023, a 5.0% Increase from Previous Year
September 6, 2023
☀️Earnings Overview
For the quarter ending July 31 2023, Broadcom Inc ($NASDAQ:AVGO) reported total revenue of USD 8.9 billion, representing a 5.0% year-over-year increase. Additionally, net income for the quarter was USD 3.3 billion, a 7.5% increase from the same period of the prior year.
Analysis
GoodWhale has conducted an extensive analysis of BROADCOM INC‘s wellbeing and the results are in. According to the Risk Rating, BROADCOM INC is a medium risk investment in terms of financial and business aspects. GoodWhale has detected two risk warnings in both its income sheet and balance sheet. It is advisable to register on goodwhale.com to check out the risk warnings and undertake the necessary measures to ensure a safe investment. BROADCOM INC has shown strong performance in terms of cash flow and debt-to-equity ratio in the past few years. However, GoodWhale’s analysis has uncovered potential risk factors that may affect the company’s future performance. With an understanding of these risk warnings, investors will be better equipped to make informed decisions about their investment options. Therefore, it is important to register on goodwhale.com and check out the risk warnings for a comprehensive assessment of BROADCOM INC’s wellbeing and future prospects. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Broadcom Inc. More…
| Total Revenues | Net Income | Net Margin |
| 35.45k | 13.87k | 40.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Broadcom Inc. More…
| Operations | Investing | Financing |
| 17.84k | -693 | -15.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Broadcom Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 71.59k | 49.52k | 53.5 |
Key Ratios Snapshot
Some of the financial key ratios for Broadcom Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | 63.0% | 46.2% |
| FCF Margin | ROE | ROA |
| 49.0% | 46.4% | 14.3% |
Peers
Since its inception in 1991, Broadcom Inc has been a leading provider of semiconductor solutions. Its competitors, Qualcomm Inc, NVIDIA Corp, and Qorvo Inc, have all tried to keep up with Broadcom’s innovation and technology. While Qualcomm and NVIDIA have been able to maintain a strong presence in the market, Qorvo has struggled to keep up.
– Qualcomm Inc ($NASDAQ:QCOM)
Qualcomm Inc. is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a market cap of 132.13B as of 2022 and a Return on Equity of 65.09%. The company was founded in 1985 and is headquartered in San Diego, California. Qualcomm is a leading provider of wireless technology and services for the mobile industry. It offers a comprehensive portfolio of products and services that enable mobile devices to connect to the Internet, including chipsets, modem and router technologies, and software and services.
– NVIDIA Corp ($NASDAQ:NVDA)
Nvidia is an American technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
Nvidia’s market cap is currently $336.08B, with a ROE of 20.03%. The company has seen strong growth in recent years, driven by demand for its GPUs in the gaming market. Nvidia is also expanding into new markets such as autonomous vehicles and artificial intelligence.
– Qorvo Inc ($NASDAQ:QRVO)
Qorvo Inc is a company that provides radio frequency (RF) solutions for mobile, infrastructure, and defense applications. It has a market cap of 8.88B as of 2022 and a Return on Equity of 14.5%. The company’s products include power amplifiers, filters, and switches.
Summary
Investors remain optimistic about Broadcom Inc‘s latest quarterly financial results, which saw total revenue of USD 8.9 billion and net income of USD 3.3 billion. This marks an overall 5.0% increase in revenue and a 7.5% increase in net income from the same quarter in the previous year. This news had a positive impact on the company’s stock price, which moved up on the day of the announcement. Broadcom Inc’s strong financial performance indicates that the company has solid prospects for the foreseeable future and investors should consider investing in the company.
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