Broadcom: Q1 EPS up 27%

(CercleFinance.com) - On Thursday night Broadcom reported adjusted (non-GAAP) EPS that is up 27% at 8.
39 dollars for Q1 2021-22, as well as adjusted EBITDA that is up 22% at 4.82 billion dollars, on revenue that increased 16% to 7.71 billion dollars.

These record results were driven by strong enterprise demand and continued investment in next-generation technology by hyperscale and service providers, the group said.

For its Q2, the semiconductor products supplier expects adjusted EBITDA to be about 62.5% of estimated revenue of around 7.9 billion dollars, up 20% y-o-y.


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