Broadcom (AVGO) Revenue — Quarter Ended Aug 4, 2024
Broadcom reported revenue growth for the quarter ended August 4, 2024. The increase reflects continued strong performance compared to the prior quarter and a significant rise from the same quarter last year.
Key takeaway
Quarter ended Aug 4, 2024 · FY2024 Q3
Broadcom reported revenue growth for the quarter ended August 4, 2024. The increase reflects continued strong performance compared to the prior quarter and a significant rise from the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.7%
Change from the immediately preceding quarter.
Year-over-year
+47.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$46.8B
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 29, 2023 | $9.3B | +4.1% |
| Feb 4, 2024 | $12B | +34.2% |
| May 5, 2024 | $12.5B | +43.0% |
| Aug 4, 2024 | $13.1B | +47.3% |
Revenue performance
Revenue rose sequentially and more sharply compared to the same period last year. The company's financial results were supported by its operational scale and recent business developments.
Quarterly comparison
Compared to the previous quarter, revenue grew at a moderate pace. Relative to the same quarter a year ago, the increase was much larger, reflecting a strong year-over-year trend.
What to watch
Monitor the company's ability to manage its increased debt and liquidity needs following the VMware merger, as noted in the liquidity discussion.