NASDAQ$AVGO
Broadcom Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Broadcom's Q3 2022 financial results and quarterly dividends were announced, demonstrating strong growth and profitability.
Broadcom's Q3 2022 results showed strong year-over-year growth, driven by demand across cloud, service providers, and enterprise sectors. Revenue reached $8.464 billion, a 25% increase from the prior year, and the company generated $4.308 billion in free cash flow. Broadcom expects continued solid demand in Q4, with revenue guidance of approximately $8.9 billion.
- Revenue for the third quarter was $8.464 billion, up 25% year-over-year.
- GAAP net income for the third quarter was $3.074 billion.
- GAAP diluted EPS for the third quarter was $7.15; Non-GAAP diluted EPS was $9.73.
- Free cash flow for the third quarter was $4.308 billion, representing 51% of revenue.
Headline financials
Revenue & EPS history
Broadcom · Revenue · Quarterly
$8.46B
Revenue by segment
Broadcom · $8.46B total across 2 segments · Q3 2022
- Semiconductor Solutions$6.62B+31.9%78.3%
- Infrastructure Software$1.84B+4.7%21.7%
Forward guidance
Broadcom anticipates continued strong demand, projecting fourth-quarter revenue of approximately $8.9 billion, which represents a 20 percent increase from the prior year period. Adjusted EBITDA is expected to be approximately 63 percent of projected revenue.
Tailwinds
- Fourth quarter revenue guidance of approximately $8.9 billion.
- Projected 20% increase in revenue from the prior year period.
- Adjusted EBITDA guidance of approximately 63% of projected revenue.
- Expect solid demand across end markets.
- Continued investment by customers of next generation technologies in data centers, broadband, and wireless.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+2.9%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+2.1%
Avg return
30 days after
69%
38 / 55 earnings
Positive
+22.7%
Q4 2024
Best reaction
-19.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -8.1% | -14.2% | — | |
| Q1 2026 | +6.1% | +7.9% | -0.9% | |
| Q4 2025 | -19.2% | -19.8% | -15.1% | |
| Q3 2025 | +9.5% | +20.7% | +10.5% | |
| Q2 2025 | +0.0% | +1.0% | +4.9% | |
| Q1 2025 | +8.6% | +8.2% | -18.5% | |
| Q4 2024 | +22.7% | +31.1% | +22.4% | |
| Q3 2024 | -11.1% | -3.8% | +14.6% | |
| Q2 2024 | +14.9% | +25.2% | +16.4% | |
| Q1 2024 | +4.2% | -4.3% | -0.8% | |
| Q4 2023 | +4.5% | +18.7% | +16.1% | |
| Q3 2023 | -2.2% | -2.3% | -6.9% | |
| Q2 2023 | +0.5% | -2.2% | +7.4% | |
| Q1 2023 | +6.6% | +5.3% | +8.1% | |
| Q4 2022 | +5.1% | +10.1% | +13.5% | |
| Q3 2022 | +0.2% | -0.2% | -11.0% | |
| Q2 2022 | +9.7% | +9.1% | -4.2% | |
| Q1 2022 | +1.7% | -1.7% | +7.0% | |
| Q4 2021 | +7.3% | +4.5% | +5.2% | |
| Q3 2021 | +0.9% | +0.7% | -1.2% | |
| Q2 2021 | +0.3% | -2.2% | -1.2% | |
| Q1 2021 | -2.8% | -4.2% | +2.8% | |
| Q4 2020 | -2.5% | +0.4% | +7.1% | |
| Q3 2020 | -3.2% | -6.5% | -4.8% | |
| Q2 2020 | +2.5% | +1.9% | +1.9% | |
| Q1 2020 | -4.8% | -18.9% | +3.4% | |
| Q4 2019 | -1.3% | +1.3% | -6.4% | |
| Q3 2019 | -2.6% | -3.1% | -5.7% | |
| Q2 2019 | -4.9% | -0.6% | +2.0% | |
| Q1 2019 | +7.0% | +10.4% | +16.9% | |
| Q4 2018 | -1.5% | +6.4% | +0.5% | |
| Q3 2018 | +5.1% | +5.0% | +10.3% | |
| Q2 2018 | -2.1% | -0.8% | -6.0% | |
| Q1 2018 | -2.2% | -7.0% | -5.2% | |
| Q4 2017 | +0.8% | -0.6% | +3.8% | |
| Q3 2017 | -4.4% | -5.9% | -6.9% | |
| Q2 2017 | +6.3% | +6.0% | -2.7% | |
| Q1 2017 | +3.0% | +3.3% | +3.8% | |
| Q4 2016 | +6.2% | +6.5% | +4.8% | |
| Q3 2016 | -1.9% | -3.0% | -2.2% | |
| Q2 2016 | +5.0% | +6.5% | -0.4% | |
| Q1 2016 | +6.6% | — | — | |
| Q4 2015 | +9.0% | — | — | |
| Q3 2015 | +16.4% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +14.2% | — | — | |
| Q4 2014 | +11.8% | — | — | |
| Q3 2014 | +7.7% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | +3.9% | — | — | |
| Q4 2013 | +6.2% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | +9.9% | — | — | |
| Q1 2013 | +2.1% | — | — | |
| Q4 2012 | +2.1% | — | — |
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