Broadcom Non-GAAP EPS of $1.95 beats by $0.08, revenue of $18.02B beats by $560M

Broadcom press release (AVGO): Q4 Non-GAAP EPS of $1.95 beats by $0.08.
Revenue of $18.02B (+28.2% Y/Y) beats by $560M.
Adjusted EBITDA of $12,218 million for the fourth quarter, or 68 percent of revenue
Cash from operations of $7,703 million for the fourth quarter, less capital expenditures of $237 million, resulted in $7,466 million of free cash flow, or 41 percent of revenue
Quarterly common stock dividend increased by 10 percent from the prior quarter to $0.65 per share
“In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year,” said Hock Tan, President and CEO of Broadcom Inc. (AVGO) “We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches. We forecast Q1’26 total revenue of $19.1 billion and adjusted EBITDA of 67%.”
Based on current business trends and conditions, the outlook for the first quarter of fiscal year 2026, ending February 1, 2026, is expected to be as follows:
- First quarter revenue guidance of approximately $19.1 billion vs consensus of $18.31B.
- First quarter Adjusted EBITDA guidance of 67 percent of projected revenue.
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