Broadcom (AVGO) Revenue — Quarter Ended May 5, 2024
Revenue increased in the current quarter. Growth was strong compared with both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended May 5, 2024 · FY2024 Q2
Revenue increased in the current quarter. Growth was strong compared with both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.5B
Revenue reported for this quarter.
Quarter-over-quarter
+4.4%
Change from the immediately preceding quarter.
Year-over-year
+43.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$42.6B
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 30, 2023 | $8.9B | +4.9% |
| Oct 29, 2023 | $9.3B | +4.1% |
| Feb 4, 2024 | $12B | +34.2% |
| May 5, 2024 | $12.5B | +43.0% |
Revenue performance
Revenue rose from the prior quarter, extending an upward trajectory observed in recent periods.
Quarterly comparison
Compared with the same quarter last year, revenue posted a substantial increase, reflecting a larger base of operations following the prior year. Sequentially, revenue also improved from the preceding quarter.
What to watch
The filing indicates significant changes in goodwill and intangible assets, which may warrant attention in future periods.