Broadcom (AVGO) Revenue — Quarter Ended Jul 30, 2023
Broadcom reported higher revenue for the quarter. Revenue rose modestly compared to the prior quarter and showed a stronger increase from the same period a year earlier.
Key takeaway
Quarter ended Jul 30, 2023 · FY2023 Q3
Broadcom reported higher revenue for the quarter. Revenue rose modestly compared to the prior quarter and showed a stronger increase from the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.9B
Revenue reported for this quarter.
Quarter-over-quarter
+1.6%
Change from the immediately preceding quarter.
Year-over-year
+4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.5B
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 |
|---|---|---|
| Oct 30, 2022 | $8.9B | +20.6% |
| Jan 29, 2023 | $8.9B | +15.7% |
| Apr 30, 2023 | $8.7B | +7.8% |
| Jul 30, 2023 | $8.9B | +4.9% |
Revenue performance
Revenue climbed in the quarter, maintaining an upward trajectory.
Quarterly comparison
Compared to the immediate prior quarter, revenue edged higher. On a year-over-year basis, the growth was more pronounced.
What to watch
The pending VMware merger represents a key strategic development that may influence future revenue trends.