Broadcom Inc. reported significant financial performance in its quarterly report for the period ending May 4, 2025, with total net revenue reaching $15.0 billion, a 20.2% increase from $12.5 billion in the same quarter of the previous year. The company's net income also saw a substantial rise, amounting to $4.97 billion compared to $2.12 billion in the prior year, resulting in a basic income per share of $1.05, up from $0.46. For the first two fiscal quarters of 2025, total net revenue was $29.9 billion, up from $24.4 billion in the same period last year, reflecting a strong demand for both semiconductor solutions and infrastructure software.
The company attributed its growth to robust demand for its AI networking products and the successful integration of VMware, which was acquired in November 2023. The semiconductor solutions segment generated $8.4 billion in revenue, while the infrastructure software segment contributed $6.6 billion, marking increases of 16.7% and 24.8%, respectively, compared to the previous year. Broadcom's gross margin improved to 68% for the quarter, up from 62% a year earlier, driven by higher software revenue and a favorable product mix.
Operationally, Broadcom reported an increase in trade accounts receivable, which rose to $5.56 billion from $4.42 billion, indicating higher sales volume. The company also noted a decrease in employee compensation liabilities, reflecting a reduction in headcount and associated costs. As of May 4, 2025, Broadcom had 4.70 billion shares of common stock outstanding, and the company continued its stock repurchase program, buying back $2.45 billion worth of shares during the quarter.
Looking ahead, Broadcom expressed optimism about its growth trajectory, particularly in the AI and cloud computing sectors. The company anticipates continued strong demand for its products and services, although it remains cautious about potential macroeconomic challenges and market fluctuations. Broadcom's management emphasized the importance of maintaining operational efficiency and leveraging its recent acquisitions to enhance its competitive position in the semiconductor and software markets.
About Broadcom Inc.
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