Broadcom (AVGO) Revenue — Quarter Ended Feb 4, 2024
Revenue increased sharply from the prior quarter and rose strongly compared with the same quarter last year. The current period represents the highest reported quarterly revenue in the provided trend.
Key takeaway
Quarter ended Feb 4, 2024 · FY2024 Q1
Revenue increased sharply from the prior quarter and rose strongly compared with the same quarter last year. The current period represents the highest reported quarterly revenue in the provided trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12B
Revenue reported for this quarter.
Quarter-over-quarter
+28.7%
Change from the immediately preceding quarter.
Year-over-year
+34.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$38.9B
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 |
|---|---|---|
| Apr 30, 2023 | $8.7B | +7.8% |
| Jul 30, 2023 | $8.9B | +4.9% |
| Oct 29, 2023 | $9.3B | +4.1% |
| Feb 4, 2024 | $12B | +34.2% |
Revenue performance
Reported revenue of twelve billion dollars shows a substantial sequential increase, continuing an upward trajectory observed over recent quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue advanced by nearly twenty-nine percent. Versus the same quarter one year earlier, revenue grew by over thirty-four percent.
What to watch
The material increase in trade accounts receivable and total assets, partly reflecting the VMware acquisition completed in the prior fiscal year, warrants monitoring.