$AVGO (Broadcom Limited)

$AVGO {{ '2016-03-03T21:42:57+0000' | timeago}} • Announcement

$AVGO or now called Broadcom Limited, which was formed by Avago Technologies' acquisition of Broadcom Corp (BRCM), posted 1Q16 net income of $377MM, or $1.30 per diluted share, including the impact of discontinued operations vs. $351MM, or $1.26 per diluted share in 1Q15. Net revenue rose 8% to $1.77Bil vs. $1.65Bil in 1Q15.

$XPER {{ '2017-06-02T13:40:02+0000' | timeago}} • Announcement

Invensas Corp., a subsidiary of $XPER, said a German appellate court denied $AVGO and Broadcom Corp.'s motion to stay enforcement of a patent infringement judgment that a German district court recently entered against Broadcom.

$AVGO {{ '2017-06-01T21:56:16+0000' | timeago}} • Webcast

$AVGO believes it will be able to sustain the adjusted gross margin in the 63% range going into 3Q17. There is some wireless mix with a slight headwind. The company has worked through its synergies and benefits and plans to sustain this range going forward.

$AVGO {{ '2017-06-01T21:50:16+0000' | timeago}} • Webcast

$AVGO said the storage business is growing in the low single digits range. The company expects to see improved growth in this business during 3Q17.

$AVGO {{ '2017-06-01T21:29:35+0000' | timeago}} • Webcast

For 3Q17, $AVGO expects Wired Infrastructure revenue growth to accelerate into mid single digits sequentially. Wireless Communications revenues are expected to be in the double digit range. $AVGO expects Enterprise Storage revenue to grow low single digits in 3Q17. Industrial & Other revenue is expected to grow mid single digits.

$AVGO {{ '2017-06-01T21:27:50+0000' | timeago}} • Webcast

In 2Q17, $AVGO’s revenue from its largest segment, Wired Infrastructure, was stable at $2.1Bil, up 2% YoY. Wireless Communications revenue was $1.15Bil, up 45% YoY. Enterprise Storage revenue was $712MM, up 36% YoY. Industrial &Other segment revenue was $217MM, up 32% YoY.

$AVGO {{ '2017-06-01T20:33:30+0000' | timeago}} • Announcement

$AVGO's BoD approved a quarterly, interim cash dividend of $1.02 per ordinary share. The dividend is payable on June 30, 2017 to shareholders of record on June 19, 2017.

$AVGO {{ '2017-06-01T20:32:35+0000' | timeago}} • Infographic

$AVGO Broadcom Limited Earnings AlphaGraphic: Q2 2017 Highlights

$AVGO {{ '2017-06-01T20:30:46+0000' | timeago}} • Announcement

For 3Q17, $AVGO expects net revenue to be $4.44Bil and gross margin to be 48%. Opex is expected to be $1.49Bil while interest expense and other is expected to be $100MM. Provision for income taxes is expected to be $78MM. Capex is expected to be approx. $240MM and depreciation is expected to be $118MM.

$AVGO {{ '2017-06-01T20:24:50+0000' | timeago}} • Announcement

$AVGO reported net income, including the impact of discontinued operations, of $464MM or $1.05 per share in 2Q17 compared to a net loss of $1.25Bil or $3.02 per share in 2Q16. Net revenue was $4.19Bil, up 18% from last year.

$AVGO {{ '2017-04-19T13:21:25+0000' | timeago}} • Announcement

$AVGO introduced the BCM53570 Ethernet switch family offering full compliance with all available IEEE Time Sensitive Networks (TSN) standards. $BRCM

$EXTR {{ '2017-03-30T13:00:00+0000' | timeago}} • Announcement

$EXTR will buy Brocade Communications Systems, Inc.'s data center switching, routing, and analytics business from $AVGO for $55MM in cash. The deal value consists of $35MM at closing and $20MM in deferred payments. Extreme sees the acquisition to be accretive to cash flow, FY18 earnings and expects to generate over $230MM in annualized revenue.

$AVGO {{ '2017-03-01T22:34:34+0000' | timeago}} • Webcast

Enterprise Storage segment revenue of $AVGO came in at $707MM in 1Q17, and represented 17% of total revenue. In the Industrial segment, 1Q17 revenue was $180MM and represented 5% of total revenue. In 2Q17, $AVGO is expecting industrial activity to continue to improve seasonally and segment revenue to increase by high single digits sequentially.

$AVGO {{ '2017-03-01T22:26:50+0000' | timeago}} • Webcast

In Wireless segment, $AVGO's revenue came in at about $1.18Bil in 1Q17, better than expected and represented 28% of total revenue. In 2Q17, the company expects its Wireless revenue to be sequentially down in the high single digits.

$AVGO {{ '2017-03-01T22:22:28+0000' | timeago}} • Webcast

$AVGO's largest segment Wired, reported revenue of $2.09Bil in 1Q17 and represented 50% of company's total revenue. In 2Q17, $AVGO expects Wired revenue to experience sequential growth, stronger than seen in the prior quarters. Additionally, for its broadband and set-top box products, the company expects a seasonal increase in demand.

$AVGO {{ '2017-03-01T22:09:00+0000' | timeago}} • Infographic

$AVGO Broadcom Limited Earnings AlphaGraphics: Q1 2017 Highlights

$AVGO {{ '2017-03-01T21:42:42+0000' | timeago}} • Announcement

During 1Q17, $AVGO generated $1.35Bil in cash from operations and spent $325MM on capital expenditures. Cash balance at the end of the quarter was $3.54Bil, compared to $3.1Bil a year ago.

$AVGO {{ '2017-03-01T21:39:31+0000' | timeago}} • Announcement

For 2Q17, $AVGO expects revenue to be in the range of $4,015MM to $4,165MM. Operating expenses is expected to be $1,465MM and gross margin in the range of 45% to 47% for 2Q17.

$AVGO {{ '2017-03-01T21:35:23+0000' | timeago}} • Announcement

Chipmaker $AVGO, a key supplier to $AAPL, reported a 33% YoY drop in 1Q17 earnings. Net income, which includes the impact of discontinued operations, was $252MM, or $0.57 per diluted share, compared with $377MM, or $1.30 per diluted share, in 1Q16. On non-GAAP basis, the company earned $3.63 a share, up 51% YoY. Revenue grew 134% YoY to $4.2Bil.

$AVGO {{ '2017-01-12T11:48:22+0000' | timeago}} • Announcement

$AVGO said two of its subsidiaries, Broadcom Corp. and Broadcom Cayman Finance Ltd. have priced offering of $2.75Bil of 2.375% Senior Notes due 2020, $3.5Bil of 3.000% Senior Notes due 2022, $2.5Bil of 3.625% Senior Notes due 2024 and $4.8Bil of 3.875% Senior Notes due 2027. The closing of the offering is expected to occur on Jan. 19, 2017.

$AVGO {{ '2017-01-11T13:46:26+0000' | timeago}} • Announcement

$AVGO said two of its subsidiaries Broadcom Corp. and Broadcom Cayman Finance Ltd. plans to offer senior notes. The notes will be guaranteed on a senior unsecured basis by Broadcom and certain of its other subsidiaries. The Co-Issuers plan to use proceeds to repay debt outstanding under $AVGO's credit facility and to pay related fees and expenses.

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