Broadcom Inc. reported better-than-expected financial results for Q2 2024, with adjusted earnings per share (EPS) of $10.96, surpassing the expected $10.84. The company's revenue reached $12.49 billion, exceeding the forecasted $12.01 billion, marking a 43% year-over-year increase. Broadcom also announced a 10-for-1 stock split, effective July 15, 2024, and projected fiscal year 2024 revenue of approximately $51 billion, up from the estimated $50.58 billion. The company reported a net income of $2.1 billion and attributed its strong performance to robust demand for AI products, which generated a record $3.1 billion in revenue for the quarter. Following these announcements, Broadcom's stock rose by more than 8% in after-hours trading, reaching all-time highs.
$AVGO Hit jackpot deep ITM https://t.co/sDMEJ5H7Sa
Broadcom $AVGO Ten-for-one forward stock split; trading on a split-adjusted basis is expected to commence on July 15, 2024.
Seems like $avgo will be the next biggest beneficiary to Nvidia in the shift from general purpose servers to AI servers. They also appear best positioned to get the lions share of the custom semi/ASIC $$ over the next few years where the custom market could be >$40b in 2028.
$AVGO just announced 10-1 stock split. Wow. https://t.co/eUhXkxo0Ro
Broadcom $AVGO earnings are out Watch out for the earnings call coming in at 5PM ET https://t.co/GtqFxnor8e
Broadcom follows Nvidia’s lead with plans for a stock split https://t.co/GhSk2UwKDy
Broadcom Sets 10-For-1 Stock Split and Posts Strong Earnings. The Stock Is Rising. https://t.co/3DFYzoPRTk
Broadcom to Enact 10-for-1 Stock Split https://t.co/3VamJ2Xbvi
Broadcom $AVGO tops Q2 estimates as AI revenue swells; unveils 10-for-1 stock split https://t.co/WiPjsoxhsP https://t.co/MzCobhgFYN
$AVGO fine beat/slight raise for F'24 (seems like tablestakes) but feels like majority of the move likely the stock split- kinda where we're at-everyone has $NVDA top of mind
Broadcom double bea + Raises FY guidance + Announces a 10 for 1 stock split CEO: "...[Q2] results were once again driven by AI demand and VMware. Revenue from our AI products was a record $3.1B during the quarter" $AVGO: +9.3% AH https://t.co/iYT6tYdfmD
$AVGO 10 for 1 stock split. Mentioned that possibility earlier this week. https://t.co/nNBN4SUy6W
Broadcom, a chip supplier for Apple and other big tech companies, rallied in late trading after its latest results and annual forecast topped estimates, lifted by robust demand for AI products. https://t.co/9NJs16jUAB
$AVGO Broadcom Q2 FY24. VMWare acquisition completed in November 2023 (impacting infrastructure software segment). • Revenue +43% Y/Y to $12.5B ($480M beat). • Non-GAAP EPS $10.96 ($0.12 beat). FY24 guidance • Revenue ~$51B ($50.3B expected). • Adjusted EBITDA margin ~61%… https://t.co/HVUOG3CAhW
$AMZN stock been frustrating @ajassy https://t.co/TQDKUyPlMM
$AVGO Q2 2024 Adj EPS $10.96 Beats $10.84 Estimate, Sales $12.487B Beat $12.028B Estimate https://t.co/CTDzPzOMDG
"The AI numbers look really good... their prior guidance for the full year was $10B so they're already on a run rate that suggests we're going to have upside to that number. The stock split is the icing on the cake," says @BernsteinRasgon on $AVGO's earnings beat and raise. https://t.co/9KyUCX1GVC
$AVGO | Broadcom Q2 '24 Earnings Highlights: Adj EPS: $10.96 (Est. $10.80); UP 43% YoY Revenue: $12.49B (Est. $12.06B) Authorized $150M share repurchase program 10-For-1 Forward Stock Split FY24 Outlook: Revenue: $51B (Est. 50.5B)
$AVGO shareholders be like https://t.co/4kocolnNCc https://t.co/iTSQ7Tij4n
$AVGO #s look good. Stock is not expensive here 10:1 split delivered 🌶️🌶️ +137 last look $QQQ $NVDA https://t.co/ebK1r5NeJg
$AVGO BROADCOM OH MY GOODNESS BEAT ON REVENUE✅ BEAT ON EPS✅ RAISED GUIDANCE BY $1B✅ GROWING 43% YOY✅ 10-FOR-1 SPLIT✅ $3.1B LAST QUARTER JUST FROM AI RELATED SERVICES +9% AH https://t.co/2tWDrxtfnE
$AVGO all that "split talk" priced in? No. https://t.co/qowePUTjoJ
$AVGO | Broadcom Q2 '24 Earnings Highlights: 🔹 Adj EPS: $10.96 (Est. $10.80) 🟢; UP 43% YoY 🔹 Revenue: $12.49B (Est. $12.06B) 🟢 🔸 Authorized $150M share repurchase program 🔸 10-For-1 Forward Stock Split 🟢 FY24 Outlook: 🔹 Revenue: $51B (Est. 50.5B) 🟢 🔹 Adjusted EBITDA:…
$AVGO "We are raising our fiscal year 2024 guidance for consolidated revenue to $51 billion and adjusted EBITDA to 61% of revenue." "Consolidated revenue grew 43% year-over-year to $12.5 billion, including the contribution from VMware, and was up 12% year-over-year, excluding…
Congrats to @OptionsMir who stalked $AVGO starting a while ago. #TigerInTheGrass https://t.co/TY7nKk6Ch0
$AVGO been a top bullish option flow name lately and just under the radar since less liquid name but the 10/1 split will be great for added liquidity now
Broadcom $AVGO earnings were released after hours. $ EPS: expected $10.79, reported $10.96 ✅Beat 1.58% Revenue: expected $12.04B, reported $12.49B ✅Beat 3.74% Broadcom also announced a 10 for 1 split. Shares will trade on a split basis July 15th.
$AVGO stock split 10:1 announced on #earnings https://t.co/sNA9CkeE1t
BREAKING 🚨 $AVGO Broadcom announced a 10-for-1 stock split and will begin trading on July 15th Stock is up more than 8% following the news and earnings 📈 https://t.co/zPWKxbKMRb
Broadcom $AVGO Earnings Recap - Excellent Print + Stock Split = Ugly Setup Doesn't Matter Not much to nitpick at all here. Stock +9% initially. https://t.co/X31wZXocqY https://t.co/VPXxaLkzsM
$AVGO Broadcom beats, 10-for-1 split in July. +9% AH https://t.co/fyrZnivu0I
$AVGO | Post Market: +9% | Broadcom's Q2 Earning Report: $12.487B revenue, $10.96 EPS. Net income at $2.121B. AI demand drives 43% revenue growth. $NVDA $MRVL $MU $SMCI $ARM $AMD $INTC $TSM 👉 Business Highlights: ➡️ Revenue from AI products reached a record $3.1 billion. ➡️… https://t.co/a81sBKMf4K
$AVGO 10-FOR-1 STOCK SPLIT https://t.co/NO27Ho58zR https://t.co/hNQICoGzi9
$AVGO Announces 10 for 1 Stock Split
$AVGO Solid quarter, per usual a beat & raise... much of tonight's move is def about the split & AI momentum
$AVGO Broadcom boom! Great for chips I added more $SOXL before the close in anticipation https://t.co/1yjakVrFKH
Breaking: $AVGO follows $NVDA with 10:1 split announcement: - Sees FY revenue $51 billion vs est 50.58bn - Sees Adj EBITDA at 61% of revenue - Shares up 8% after-hours https://t.co/PnUIhbAkNK
Stock Split + A killer earnings report for Broadcom: ~EPS: $10.96 vs $10.84 est ~SALES: $12.49B vs $12.03B est ~Sees FY24 Sales of ~$51B Vs $50.42B est https://t.co/KCs9EKXEZs $AVGO 🟢 +7.38% in AH https://t.co/p4K5v6zgTt
*BROADCOM 2Q ADJ EPS $10.96, EST. $10.80 *BROADCOM 2Q ADJ. NET REV. $12.49B, EST. $12.06B TEN-FOR-ONE FORWARD STOCK SPLIT SEES FY ADJ EBITDA ABOUT 61% OF PROJECTED REVENUE SEES FY REV. $51.0B, EST. $50.58B QTRLY STOCK DIV OF $5.25/SHR $AVGO
$AVGO BOOM. 1,635. 🎯 https://t.co/OpnhP78ILI
Following Nvidia's $NVDA footsteps, Broadcom $AVGO announced a 10-1 split alongside an FQ2 beat, trading on a split-adjusted basis on July 15.
BROADCOM REPORTED EARNINGS FOR Q2 2024, WITH ADJUSTED EPS AT $10.96 (EXPECTED $10.80) AND ADJUSTED NET REVENUE REACHING $12.49 BILLION (EXPECTED $12.06 BILLION). THEY ALSO ANNOUNCED A TEN-FOR-ONE FORWARD STOCK SPLIT AND FORECASTED APPROXIMATELY $51.0 BILLION IN FY REVENUE…
No stock split, but a killer earnings report for Broadcom: ~EPS: $10.96 vs $10.84 est ~SALES: $12.49B vs $12.03B est ~Sees FY24 Sales of ~$51B Vs $50.42B est https://t.co/KCs9EKXEZs $AVGO 🟢 +7.38% in AH https://t.co/b6hrzl8L1u
yes, yes, I did long ago $AVGO WITH size into the print with the expectation of a stock split. Best part is I brought the entire family along. Mansion time 🙌😝🥳 (Please hold gains lol) https://t.co/FvHeKOxF6P
$AVGO : EPS of $10.96 a Beat by 17c - Rev Beat -- Rev $12.49B .. Exp $12.2B BROADCOM SEES FY REV. APPROX. $51.0B, EST. $50.58B +130 so far
Broadcom announced on Tuesday a strong Q2 FY24 performance, reporting $12.5B in revenue with a 43% increase from the previous year. The company also disclosed a $2.1B GAAP net income. $AVGO
$AVGO | Broadcom shares are trading higher after the company reported better-than-expected Q2 financial results, issued strong revenue guidance and announced a 10-for-1 forward split. https://t.co/tiXubFrePE
$AVGO Broadcom Says Revenue From AI Products Was $3.1B In The Quarter
$AVGO 10-for-1 split effective July 15
$avgo 1 to 10 split
BREAKING : BROADCOM ANNOUNCES 10 TO 1 STOCK SPLIT $AVGO https://t.co/FbLlt3GsIZ
Broadcom, $AVGO, has announced a 10:1 stock split.
Nailed it lol.. had a gut feel that $AVGO would follow with its own stock split and now confirmed 10 for 1 split coming https://t.co/GSb3AOyLxD
JUST IN: Broadcom $AVGO is doing 10:1 stock split, $AVGO will begin trading on a split adjusted basis on July 15th Broadcom is up more than 8% in after hours trading https://t.co/kaQKbqAPhE https://t.co/xRSsITQ1uJ
💰 Broadcom $AVGO EPS. vs Forecast 10.96 / 10.85 🟢 Rev. vs Forecast 12.49B / 12.06B 🟢 Market Cap: 690.84B
$AVGO Broadcom reports Q2 adjusted EPS $10.96, consensus $10.84Reports Q2 revenue $12.49B, consensus $12.03B. "B
$AVGO | Broadcom Q2 24 Earnings: -Adj EPS: $10.96 (exp $10.80) -Adj Net Revenue: $12.49B (exp $12.06B) -Announces Ten-For-One Forward Stock Split -Sees FY Revenue Approximately $51.0B (exp $50.58B)
*BROADCOM $AVGO ANNOUNCES 10-FOR-1 STOCK SPLIT
$AVGO | Broadcom Q2 Earnings: - Adj EPS $10.96 (Est. $10.84)🟢 - Sales $12.487B (Est. $12.028B) 🟢 - Sees FY24 Revenue Of ~$51B (Est. $50.42B)
Another 10-1. Love it. Broadcom kills it. Nice qtr. jumping on @YahooFinance now. $avgo $tsla
$AVGO LIFTOFF 🚀 https://t.co/IZi9FYOXmW
$AVGO STOCK SPLIT 10/1 AVGO: Ten-for-one forward stock split; trading on a split-adjusted basis is expected to commence on July 15, 2024 https://t.co/z72NFtezJJ
$AVGO In todays chat I mentioned to expect a split tonight https://t.co/zKHwXqIlBT
$AVGO Broadcom 2Q Adjusted EPS Beats Estimates (Bloomberg) https://t.co/88bmDU1WBW
*BROADCOM SEES FY REV. $51.0B, EST. $50.58B *BROADCOM: TEN-FOR-ONE FORWARD STOCK SPLIT
$AVGO 10-1 split
there goes $AVGO to all time highs! Stock split!
$avgo monster jump
BROADCOM $AVGO JUST REPORTED EARNINGS EPS of $10.96 beating expectations of $10.84 Revenue of $12.49B beating expectations of $12.01B
$AVGO earnings out any second... Will they follow $NVDA's lead with a stock split? 🍿
$AVGO Broadcom is reporting its earnings today after the market closes. Here is a preview of the previous earnings report. Don't forget to follow @AIStockSavvy for detailed insights into the earnings report. $NVDA $MRVL $ARM $INTC $AMD $TSM $SMCI $MU https://t.co/K70zGXMY0K
Broadcom $AVGO June weekly (14) call option implied volatility is at 80, June is at 54; compared to its 52-week range of 25 to 59 into the expected release of quarter results after the bell
🎯 Broadcom Inc. $AVGO Earnings Preview 🎯 Upcoming Earnings Announcement: Date: June 12, 2024 at 4:15PM EST Expected EPS: $11.200 Previous EPS: $10.802 (March 7, 2024) P/E Ratio: 50.53 Historical Performance: Average Surprise: 3.68% Average Absolute Surprise: 4.73% 5-Year…
$AVGO | What's Going On With Broadcom Stock Wednesday? Broadcom is due to report financial results for the second quarter after the market close on Wednesday. Analysts expect Broadcom to report earnings of $10.84 per share on revenue of $12.028 billion. https://t.co/mQn7PP2ELG
#Broadcom reports Q2 earnings results on June 12, 2024.
Broadcom $AVGO June weekly 1440 straddle priced for a move of 6% into the expected release of quarter results after the bell on June 12.
$AVGO | Broadcom Q2 Earnings Preview: AI-Related Revenue In Focus, Will Partnerships With Meta, Google Shine Through In Results, Guidance? Broadcom reports Q2 earnings results on June 12, 2024. A look at the earnings estimates and what analysts are saying ahead of Q2 results. https://t.co/XRpcWPvyUi
Broadcom Inc. (NASDAQ:$AVGO) to release Q2 financial results, with anticipated earnings of $10.80/share and revenue of $12.03 billion. Shares increased by 2.4% to $1,440.47 as new adapters were announced.
$AVGO Citi reiterates Broadcom as overweight Citi said it’s bullish heading into earnings on Wednesday. “We reiterate our Buy rating on AVGO given upside from AI strength and EPS accretion from the VMware acquisition.”
Broadcom $AVGO June weekly 1407.50 straddle priced for a move of 7% into the expected release of quarter results after the bell on June 12.