Broadcom (AVGO) Revenue — Quarter Ended Apr 30, 2023
Broadcom's revenue decreased from the prior quarter but increased compared to the same quarter last year. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q2
Broadcom's revenue decreased from the prior quarter but increased compared to the same quarter last year. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
+7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$35B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $8.5B | +24.9% |
| Oct 30, 2022 | $8.9B | +20.6% |
| Jan 29, 2023 | $8.9B | +15.7% |
| Apr 30, 2023 | $8.7B | +7.8% |
Revenue performance
Revenue for the quarter fell relative to the immediate prior quarter, while it rose compared to the same period a year ago.
Quarterly comparison
Compared to the preceding quarter, revenue was lower; however, it was higher than the corresponding quarter one year earlier.
What to watch
The sequential revenue drop deserves monitoring as it breaks a pattern of growth over the previous two quarters.