Broadcom: Q2 EPS up 14%
(CercleFinance.com) - On Thursday evening Broadcom reported Q2 2022-23 non-GAAP EPS of $10.
32, up 14% y-o-y, with adjusted EBITDA that is up 11% to $5.69bn on revenues that rose 8% to $8.73bn.
Management said that these results were driven by demand for next-generation hyperscale technologies, while enterprises and service providers continued to hold ground.
For Q3 (to end-July), the semiconductor supplier expects adjusted EBITDA to be around 65% of projected sales, which should be around $8.85bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
32, up 14% y-o-y, with adjusted EBITDA that is up 11% to $5.69bn on revenues that rose 8% to $8.73bn.
Management said that these results were driven by demand for next-generation hyperscale technologies, while enterprises and service providers continued to hold ground.
For Q3 (to end-July), the semiconductor supplier expects adjusted EBITDA to be around 65% of projected sales, which should be around $8.85bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.