Broadcom Inc. (AVGO)
Broadcom Announces a 10-for-1 Stock Split. Here's What Investors Need to Know.
Broadcom's history of performance and critical place in the AI ecosystem have driven its stock price higher. Management announced a 10-for-1 stock split, which will take place early next month.
Broadcom Q2 Earnings: Expensive Stock Yet Phenomenal Business
Broadcom reported strong Q2 earnings with a double beat and raise, increased full year sales guidance, and a stock split announcement. The company saw significant growth in its AI hardware sales while focusing on cutting VMWare costs post-acquisition. Broadcom is making great progress incorporating VMWare into its core business, with a focus on simplifying product offerings and transitioning to a subscription model.
Broadcom Pops On Unwarranted Optimism, Sell (Rating Downgrade)
After the release of its Q2 FY2024 report, Broadcom's stock is surging higher, with investors potentially celebrating strong AI demand and a stock split. In Q2 FY2024, Broadcom's revenue reached $12.49B, with AI products contributing nearly $3.1B. In addition to a solid top-line beat, management raised full-year outlook for sales and profitability. Despite its strong financial performance, Broadcom's stock is uninvestable at current levels. Read on to find out why!
Watch Out for These Levels in Broadcom's Stock Price
Shares in Broadcom (AVGO) surged more than 14% in Wednesday's extended-hours trading session after the chipmaker reported better-than-expected fiscal second-quarter revenue, fueled by artificial intelligence (AI) product sales reaching a record high. Following in the footsteps of Wall Street darling Nvidia (NVDA), Broadcom also announced a 10-for-1 stock split.
Broadcom shares surge as it follows Nvidia's lead with plans for a stock split
Broadcom Inc. is following Nvidia Corp.'s lead with a plan to split its stock in the wake of upbeat quarterly results and a big recent bump in its share price.
Broadcom Inc. (AVGO) Q2 2024 Earnings Call Transcript
Broadcom Inc. (NASDAQ:AVGO ) Q2 2024 Earnings Conference Call June 12, 2024 5:00 PM ET Company Participants Ji Yoo - Head, IR Hock Tan - President and CEO Kirsten Spears - CFO Charlie Kawwas - President, Semiconductor Solutions Group Conference Call Participants Vivek Arya - Bank of America Securities Ross Seymore - Deutsche Bank Stacy Rasgon - Bernstein Harlan Sur - JPMorgan Ben Reitzes - Melius Research Toshiya Hari - Goldman Sachs Blayne Curtis - Jefferies Timothy Arcuri - UBS Thomas O'Malley - Barclays Karl Ackerman - BNP Paribas CJ Muse - Cantor Fitzgerald William Stein - Truist Securities Operator Welcome to Broadcom Inc. Second Quarter Fiscal Year 2024 Financial Results Conference Call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, Head of Investor Relations of Broadcom Inc. Ji Yoo Thank you, Operator, and good afternoon, everyone.
Broadcom Inc. (AVGO) Q2 Earnings and Revenues Beat Estimates
Broadcom Inc. (AVGO) came out with quarterly earnings of $10.96 per share, beating the Zacks Consensus Estimate of $10.79 per share. This compares to earnings of $10.32 per share a year ago.
Broadcom Stock Jumps on Revenue Beat, Stock Split
Broadcom (AVGO) reported second-quarter revenue beating analyst estimates, while earnings fell short of projections. The company indicated artificial intelligence (AI) drove the revenue beat and also announced a 10-for-1 forward stock split, sending shares up over 12% in extended trading Wednesday.
Broadcom sees 2Q revenue jump following VMWare acquisition
Broadcom Inc (NASDAQ:AVGO, ETR:1YD) announced impressive Q2 FY24 earnings, driven by strong performance in its AI products and the integration of VMWare, acquired in November 2023. The company reported a 43% year-over-year revenue increase, reaching $12.49 billion, surpassing estimates by $480 million.
Broadcom to Enact 10-for-1 Stock Split
Chip and software maker expects move to make its shares more affordable for investors, employees
Broadcom beats earnings estimates, announces 10-for-1 stock split
Broadcom beats earnings estimates, announces 10-for-1 stock split
Chipmaker Broadcom raises annual revenue forecast
Tech conglomerate Broadcom raised its annual revenue forecast on Wednesday, betting on higher demand for its networking equipment and custom chips from businesses investing in artificial intelligence infrastructure.
