Sign Up
Stories
Broadcom's Q4 Results Beat Expectations
Share
Apple's iPhone Sales Decline Impact
Broadcom's AI-focused Transformation
Broadcom's Q4 Earnings Beat Estimates
Allstate Surpasses Q1 Earnings Forecast
Analysts Cut Forecasts on CoStar Group
Apple's Q2 Earnings Amid iPhone Sales De...
Overview
API
Broadcom's Q4 results exceed expectations with adjusted EPS of $11.06 and revenue of $9.30B, but annual revenue guidance for fiscal 2024 falls short at $50B. The company attributed the beat on the bottom line to investments in accelerators and network connectivity for AI by hyperscalers. Broadcom also increased its quarterly dividend by 14% to $5.25.
Ask a question
How does Broadcom's dividend hike reflect its financial performance and investor confidence?
How might Broadcom's investments in AI accelerators and network connectivity influence the AI industry?
What factors contributed to the shortfall in Broadcom's annual revenue guidance for fiscal 2024?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Sep 2023
Oct 2023
Nov 2023
Coverage