Broadcom: misses consensus in Q2

(CercleFinance.com) - On Thursday evening, Broadcom unveiled Q2 adjusted EPS (non-GAAP) of 5.
21 dollars, up nearly 7% y-o-y, although two cents short of the consensus.

Again in adjusted terms, the San Jose-based semiconductor supplier improved its gross margin by 5.4 points to 72%, for revenues that are up 10% to over 5.5 billion dollars.

While still forecasting double-digit growth in free cash flow this year, Broadcom has adjusted its revenue forecast to 22.5 billion dollars, pointing to a major slowdown in demand.


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