NASDAQ$AVGO

Broadcom Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Broadcom's Q4 2022 earnings were announced, revealing a 21% increase in revenue compared to the prior year period.

Broadcom's Q4 2022 financial results showed strong growth, with revenue reaching $8.93 billion, a 21% increase year-over-year. The company's GAAP diluted EPS was $7.83, and non-GAAP diluted EPS was $10.45. Broadcom's fiscal year 2022 revenue grew 21% year-over-year to a record $33.2 billion.

  • Revenue for the fourth quarter reached $8.93 billion, a 21% increase from the previous year.
  • GAAP net income for the fourth quarter was $3.359 billion.
  • Non-GAAP diluted EPS for the fourth quarter was $10.45.
  • The quarterly common stock dividend increased by 12% to $4.60 from the prior quarter.

Headline financials

Total Revenue

$8.93B

Previous: $7.41B+20.6%
EPS (adj)

$1.05

Previous: $0.78+34.6%
Capital Expenditures

$122M

Previous: $88M+38.6%
Free Cash Flow

$4.46B

Previous: $3.45B+29.2%
Net Income

$3.36B

Previous: $1.99B+68.9%
Operating Income

$3.99B

Previous: $2.58B+54.4%
Gross Profit

$5.93B

Previous: $4.64B+27.8%
Cash & Equivalents

$12.4B

Previous: $12.2B+2.1%
Total Assets

$73.2B

Previous: $75.6B-3.1%
Stock-Based Comp

$387M

Previous: $414M-6.5%

Revenue & EPS history

Broadcom · Revenue · Quarterly

$8.93B

Q4 2022+20.6%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Broadcom · $8.93B total across 2 segments · Q4 2022

  • Semiconductor Solutions
    $7.09B+25.9%
  • Infrastructure Software
    $1.84B+3.7%

Forward guidance

Broadcom anticipates first quarter revenue of approximately $8.9 billion and Adjusted EBITDA of approximately 63 percent of projected revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+3.1%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.1%

Avg return

30 days after

70%

38 / 54 earnings

Positive

+22.7%

Q4 2024

Best reaction

-19.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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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