Broadcom Inc. ($AVGO) Earnings (Q1 FY22)

 Broadcom Inc. ($AVGO) Earnings and Opinion:


Broadcom Inc. ($AVGO) is a company in the Technology sector that operates in the Semiconductor industry. The company currently operates in two segments, one being Semiconductor Solutions and the other is Infrastructure Software. Broadcom Inc. was incorporated in 2018 and is currently headquartered in San Jose, California. The company started trading on the stock market in 2009. 

Broadcom Inc. EPS and Revenue (Q1 FY22):

  • EPS (Non-GAAP) of $8.39 beating expectations of $8.16
  • Revenue of $7.71B beating expectations of $7.61B
  • EPS was up 26.93% (YOY) and Revenues were up 15.79% (YOY)
Broadcom Inc. Dividend and Equity Information:
  • Quarterly dividend of $4.10 a share
  • Repurchased and eliminated 5 million shares
Broadcom Inc. (Q2 FY22) Guidance:
  • Revenue guidance of $7.9B
  • Adjusted EBITDA of 62.5% of projected revenue
Opinion:
Broadcom Inc. shares are currently trading higher as the company reported earnings after the bell today. The company beat expectations on both EPS and Revenues. They also stuck with their quarterly dividend of $4.10 a share. In the last quarter, they repurchased $3.1B in shares. I think the guidance they give is pretty solid. They seem to be striving for growth and look to stay atop of the industry. This is a semiconductor company that has been hot ever since the semiconductor shortage began last year. Broadcom Inc. as well as other companies in this industry have seen major growth in the company as well as the stock price. Personally, I really like this company, and would consider it one of the top tier companies in the semiconductor industry. The company seems to have a solid foundation and already pays a solid dividend to shareholders. For income generating investors, $16.40 a share for the year doesn't sound like too bad of a deal. Especially when they are gonna be growing as a company with that. I really would suggest a position in this company, especially if the semiconductor shortage continues to be apparent. 


*Information attained from Yahoo Finance and Broadcom
*Estimates attained from Zacks

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