Broadcom inc. announces second quarter fiscal year 2024 financial results and quarterly dividend

Revenue of $12,487 million for the second quarter, up 43 percent from the prior year period gaap net income of $2,121 million for the second quarter; non-gaap net income of $5,394 million for the second quarter adjusted ebitda of $7,429 million for the second quarter, or 59 percent of revenue gaap diluted eps of $4.42 for the second quarter; non-gaap diluted eps of $10.96 for the second quarter cash from operations of $4,580 million for the second quarter, less capital expenditures of $132 million, resulted in $4,448 million of free cash flow, or 36 percent of revenue quarterly common stock dividend of $5.25 per share fiscal 2024 annual revenue guidance of approximately $51.0 billion including contribution from vmware, an increase of 42 percent from the prior year period fiscal 2024 annual adjusted ebitda guidance of approximately 61 percent of projected revenue (1) ten-for-one forward stock split; trading on a split-adjusted basis is expected to commence on july 15, 2024  palo alto, calif. , june 12, 2024 /prnewswire/ -- broadcom inc. (nasdaq: avgo), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its second quarter of fiscal year 2024, ended may 5, 2024, provided guidance for its fiscal year 2024 and announced its quarterly dividend.
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