Filing Flows › Broadcom (AVGO) › Q2 FY25
Broadcom (AVGO) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 11, 2025
Broadcom (AVGO) reported revenue of $15.0B for the second quarter fiscal 2025 (Q2 FY25), +20% from a year earlier and +0.6% from the quarter before. Operating margin was 38.8%, net earnings $5.0B (33.1% of revenue).
Broadcom, Q2 FY25: revenue $15.0B (+20% year over year), operating margin 38.8%, net earnings $5.0B, operating cash flow $6.6B. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.0B | +0.6% | +20% |
| Gross profit | $10.2B | +0.5% | +31% |
| Operating profit | $5.8B | -7% | +97% |
| Net earnings | $5.0B | -10% | +134% |
| Operating cash flow | $6.6B | +7% | +43% |
| Free cash flow | $6.4B | +7% | +44% |
What changed
Revenue was $15.0B in Q2 FY25, up 20% year over year and up 1% from the previous quarter. Products was the largest line at 57% of revenue. Products added $1.3B year over year (up 18%), 52% of the total change.
Gross margin was 68.0%, up 5.7 points from a year earlier. Operating profit was $5.8B, a 38.8% margin (up 15.1 points year over year). Of the extra revenue versus a year earlier, 114% reached operating profit, above the 24% margin then. Operating expenses fell 9% while revenue rose 20%. The fastest-growing cost line was Research & development (+12%). Net earnings were $5.0B, up 134% year over year. The effective tax rate was 2.4%.
Operating cash flow was $6.6B (up 43% year over year), 132% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization and $1.8B of share-based compensation. Working capital and other items used $2.3B. Capital expenditures of $0.14B left free cash flow of $6.4B.
Questions
What was Broadcom's revenue in the second quarter fiscal 2025?
Broadcom (AVGO) reported revenue of $15.0B for the second quarter fiscal 2025 (Q2 FY25), +20% from a year earlier and +0.6% from the quarter before.
Was Broadcom profitable in the second quarter fiscal 2025?
Operating profit was $5.8B (38.8% of revenue) and net earnings $5.0B.
Source: Broadcom 10-Q on SEC EDGAR.