Broadcom Inc. has entered into an underwriting agreement to issue $5 billion in senior notes, which includes $1 billion of 4.200% notes due in 2030, $2.25 billion of 4.800% notes due in 2036, and $1.75 billion of 4.900% notes due in 2038. These notes are registered under the Securities Act and were sold to underwriters including J.P. Morgan Securities LLC and BofA Securities, Inc. The notes will be unsecured and rank equally with the company's other unsecured obligations but will not be guaranteed by its subsidiaries.
Additionally, Broadcom's subsidiaries have announced the redemption of several outstanding senior notes, including $2.92 billion of 3.875% notes, $215 million of 4.700% notes, and $500 million of 4.650% notes, all due in 2027. The redemption will occur at a price of 100% of the principal amount plus present values of remaining payments, with specified adjustments based on the Treasury Rate. Investors can refer to the prospectus supplement for detailed terms and conditions of the notes offering.
linkSep 29, 2025 16:08:40
Broadcom Inc. completed its acquisition of VMware, Inc. on November 22, 2023. Following the merger, VMware became a wholly owned subsidiary of Broadcom, resulting in VMware shareholders receiving approximately $30.8 billion in cash and 544 million shares of Broadcom common stock. The deal was financed through cash reserves and $30.4 billion in term loans, with Broadcom identified as the accounting acquirer for the transaction.
The unaudited pro forma financial information for the fiscal year ending November 3, 2024, has been provided, reflecting the combined operations of Broadcom and VMware. This information includes various adjustments for stock-based compensation and interest expenses related to the financing of the acquisition. The pro forma financials do not project future operating results and should be viewed in conjunction with Broadcom's historical financial statements.
linkSep 10, 2025 16:16:49
Broadcom Inc. has granted its President and CEO, Hock E. Tan, a performance stock unit (PSU) award designed to incentivize leadership through fiscal 2030. This award is contingent upon achieving specific revenue targets related to the company's artificial intelligence (AI) products during a performance period from fiscal 2028 to fiscal 2030. The Board of Directors believes that continued leadership and innovation in AI technology are crucial for the company's competitive positioning in the rapidly evolving tech industry.
The Tan PSU Award includes rigorous performance goals where Mr. Tan will earn shares based on the company's AI revenue growth. The total number of shares subject to the award is 610,521, with vesting contingent on meeting defined revenue benchmarks. If the revenue falls below a certain threshold, the award will be forfeited. Additionally, Mr. Tan has agreed to hold shares received from a previous PSU award until November 2030, with restrictions on transferring these shares unless certain conditions are met.
linkSep 09, 2025 17:28:00
Broadcom Inc. reported third quarter fiscal year 2025 revenue of $15,952 million, marking a 22% increase compared to the same period last year. The company achieved a GAAP net income of $4,140 million and a non-GAAP net income of $8,404 million. Adjusted EBITDA for the quarter was $10,702 million, representing 67% of revenue. Free cash flow reached $7,024 million, or 44% of revenue. The company also declared a quarterly cash dividend of $0.59 per share, payable on September 30, 2025, to stockholders of record on September 22, 2025.
Looking ahead, Broadcom provided guidance for the fourth quarter of fiscal year 2025, expecting revenue of approximately $17.4 billion, which would be a 24% increase year-over-year. The company anticipates adjusted EBITDA to remain at 67% of projected revenue. Cash and cash equivalents at the end of the quarter were reported at $10,718 million, up from $9,472 million in the previous quarter. The company continues to see growth in AI semiconductor revenue, with expectations for further increases in the coming quarter.
linkSep 04, 2025 16:19:50
Broadcom Inc. has fully repaid its obligations under a $30.4 billion credit agreement, which included $6.0 billion in outstanding term loans. The credit facility, originally set to mature in 2028, has been terminated as of July 11, 2025. The company utilized cash on hand and proceeds from new senior notes to settle this debt.
On July 7, 2025, Broadcom entered an underwriting agreement to issue $6 billion in senior notes, which include three series maturing in 2030, 2032, and 2035. These unsecured notes will rank equally with the company’s other unsecured debt and are not guaranteed by its subsidiaries, making them structurally subordinated to their liabilities. Detailed terms of the notes were provided in a prospectus supplement filed with the SEC on July 9, 2025.
linkJul 11, 2025 16:14:59
Broadcom Inc. announced its financial results for the second quarter of fiscal year 2025, reporting revenue of $15.0 billion, a 20 percent increase compared to the same period last year. The company also reported a GAAP net income of $4.965 billion and a non-GAAP net income of $7.787 billion. Free cash flow reached $6.411 billion, representing 43 percent of revenue. Additionally, Broadcom's Board of Directors declared a quarterly dividend of $0.59 per share, payable on June 30, 2025, to stockholders of record on June 20, 2025. The company repurchased 25.3 million shares for $4.216 billion during the quarter, demonstrating its commitment to returning excess cash to shareholders.
For the third quarter of fiscal year 2025, Broadcom expects revenue of approximately $15.8 billion, which would reflect a 21 percent increase year-over-year. The company anticipates an adjusted EBITDA of at least 66 percent of projected revenue for the upcoming quarter. The strong performance was attributed to growth in AI semiconductor solutions, with AI revenue increasing by 46 percent year-over-year. Broadcom's cash and cash equivalents at the end of the quarter stood at $9.472 billion, showing a slight increase from the previous quarter.
linkJun 05, 2025 16:27:02
Broadcom Inc. announced a revenue of $14,916 million for the first quarter of fiscal year 2025, marking a 25% increase from the previous year. The company reported a GAAP net income of $5,503 million, along with a non-GAAP net income of $7,823 million. Adjusted EBITDA reached $10,083 million, representing 68% of revenue. The free cash flow was reported at $6,013 million, which is 40% of revenue. Additionally, the company declared a quarterly dividend of $0.59 per share and provided revenue guidance for the second quarter at approximately $14.9 billion, a 19% increase year-over-year.
On the downside, Broadcom's cash and cash equivalents slightly decreased from $9,348 million at the end of the previous quarter to $9,307 million. The company also faced significant withholding taxes amounting to $2,036 million related to net settled equity awards. Despite the positive growth in revenue and net income, these tax liabilities and the small decline in cash reserves may raise concerns among investors about short-term liquidity.
linkMar 06, 2025 16:19:37
The company has established a Credit Agreement with a total commitment of $7.5 billion, which includes the ability to utilize up to $500 million for multicurrency letters of credit. Notably, there were no borrowings outstanding under the Revolving Facility at the time of the agreement's closing.
A key point to consider is that the issuance of letters of credit will reduce the total amount available for making revolving loans under the facility. This could impact the company's liquidity options in the future as it navigates its financial commitments.
linkJan 13, 2025 16:16:11
Broadcom Inc. announced a revenue of $14,054 million for the fourth quarter of fiscal year 2024, marking a 51% increase compared to the same period last year. The company reported a GAAP net income of $4,324 million and a non-GAAP net income of $6,965 million. Adjusted EBITDA reached $9,089 million, representing 65% of revenue. Additionally, the quarterly dividend was raised by 11% to $0.59 per share, reflecting the company's strong cash flow and commitment to returning value to shareholders.
On the downside, Broadcom's GAAP net income for the fiscal year 2024 was reported at $5,895 million, a significant decrease of $8,187 million compared to the previous year. The diluted GAAP earnings per share also fell to $1.23 from $3.30 year-over-year. Although the semiconductor segment saw a record revenue of $30.1 billion, the overall net income decline raises concerns about profitability amidst rising operational costs and restructuring charges.
linkDec 12, 2024 16:23:06
Broadcom Inc. announced impressive financial results for the third quarter of fiscal year 2024, with revenue reaching $13.1 billion, a significant 47% increase compared to the same period last year. The company's strong performance is attributed to growth in its AI semiconductor solutions and the successful integration of VMware, which is expected to contribute further to revenue in the upcoming quarter. Additionally, Broadcom reported a quarterly dividend of $0.53 per share and strong cash flow generation, indicating a robust operational performance despite some challenges.
However, the company also reported a GAAP net loss of $1.875 billion for the quarter, primarily due to a one-time tax provision related to the transfer of intellectual property rights. This loss translated to a diluted loss per share of $0.40, contrasting with a profit in the same quarter last year. While non-GAAP measures showed a net income of $6.12 billion, the significant GAAP loss raises concerns about the company's financial health. Overall, Broadcom's strong revenue growth is tempered by the impact of extraordinary expenses, highlighting the complexities of its financial situation.
linkSep 05, 2024 16:21:56