Broadcom Inc
For the period ended May 5, 2024. Filed Jun 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 5, 2024 · Filed Jun 13, 2024
AVGO$331.98+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations - Unaudited
| Fiscal Quarter Ended | Two Fiscal Quarters Ended | |||
|---|---|---|---|---|
| May 5,2024 | April 30,2023 | May 5,2024 | April 30,2023 | |
| (In millions, except per share data) | ||||
| Net revenue: | ||||
| Products | $7,192 | $6,741 | $14,604 | $13,823 |
| Subscriptions and services | 5,295 | 1,992 | 9,844 | 3,825 |
| Total net revenue | 12,487 | 8,733 | 24,448 | 17,648 |
| Cost of revenue: | ||||
| Cost of products sold | 2,429 | 2,019 | 4,589 | 4,244 |
| Cost of subscriptions and services | 713 | 158 | 1,667 | 307 |
| Amortization of acquisition-related intangible assets | 1,516 | 441 | 2,896 | 976 |
| Restructuring charges | 53 | — | 145 | 2 |
| Total cost of revenue | 4,711 | 2,618 | 9,297 | 5,529 |
| Gross margin | 7,776 | 6,115 | 15,151 | 12,119 |
| Research and development | 2,415 | 1,312 | 4,723 | 2,507 |
| Selling, general and administrative | 1,277 | 438 | 2,849 | 786 |
| Amortization of acquisition-related intangible assets | 827 | 348 | 1,619 | 696 |
| Restructuring and other charges | 292 | 9 | 912 | 19 |
| Total operating expenses | 4,811 | 2,107 | 10,103 | 4,008 |
| Operating income | 2,965 | 4,008 | 5,048 | 8,111 |
| Interest expense | (1,047) | (405) | (1,973) | (811) |
| Other income, net | 87 | 113 | 272 | 256 |
| Income from continuing operations before income taxes | 2,005 | 3,716 | 3,347 | 7,556 |
| Provision for (benefit from) income taxes | (116) | 235 | (48) | 301 |
| Income from continuing operations | 2,121 | 3,481 | 3,395 | 7,255 |
| Income from discontinued operations, net of income taxes | — | — | 51 | — |
| Net income | $2,121 | $3,481 | $3,446 | $7,255 |
| Basic income per share: | ||||
| Income per share from continuing operations | $4.56 | $8.39 | $7.41 | $17.40 |
| Income per share from discontinued operations | — | — | 0.11 | — |
| Net income per share | $4.56 | $8.39 | $7.52 | $17.40 |
| Diluted income per share: | ||||
| Income per share from continuing operations | $4.42 | $8.15 | $7.18 | $16.95 |
| Income per share from discontinued operations | — | — | 0.11 | — |
| Net income per share | $4.42 | $8.15 | $7.29 | $16.95 |
| Weighted-average shares used in per share calculations: | ||||
| Basic | 465 | 415 | 458 | 417 |
| Diluted | 480 | 427 | 473 | 428 |
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