Filing Flows › Broadcom (AVGO) › Q4 FY24
Broadcom (AVGO) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 20, 2024
Broadcom (AVGO) reported revenue of $14.1B for the fourth quarter fiscal 2024 (Q4 FY24), +51% from a year earlier and +8% from the quarter before. Operating margin was 32.9%, net earnings $4.3B (30.8% of revenue).
Broadcom, Q4 FY24: revenue $14.1B (+51% year over year), operating margin 32.9%, net earnings $4.3B, operating cash flow $5.6B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.1B | +8% | +51% |
| Gross profit | $9.0B | +8% | +41% |
| Operating profit | $4.6B | +22% | +9% |
| Net earnings | $4.3B | — | +23% |
| Operating cash flow | $5.6B | +13% | +16% |
| Free cash flow | $5.5B | +14% | +16% |
What changed
Revenue was $14.1B in Q4 FY24, up 51% year over year and up 8% from the previous quarter. Products was the largest line at 59% of revenue.
Gross margin was 64.1%, down 4.9 points from a year earlier. Operating profit was $4.6B, a 32.9% margin (down 12.7 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 46% margin then. Operating expenses grew 102% against revenue growth of 51%. The fastest-growing cost line was Other operating costs (+213%). Net earnings were $4.3B, up 23% year over year. The effective tax rate was -11.4%.
Operating cash flow was $5.6B (up 16% year over year), 130% of net earnings. Non-cash charges added back $9.4B of depreciation and amortization and $1.3B of share-based compensation. Working capital and other items used $9.5B. Capital expenditures of $0.12B left free cash flow of $5.5B.
Questions
What was Broadcom's revenue in the fourth quarter fiscal 2024?
Broadcom (AVGO) reported revenue of $14.1B for the fourth quarter fiscal 2024 (Q4 FY24), +51% from a year earlier and +8% from the quarter before.
Was Broadcom profitable in the fourth quarter fiscal 2024?
Operating profit was $4.6B (32.9% of revenue) and net earnings $4.3B.
Source: Broadcom 10-K on SEC EDGAR.