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Technology Stocks : Semi Equipment Analysis

SOXX 231.08

+1.4%

Oct 4 4:00 PM EDT

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To: Return to Sender who wrote (92953)	9/5/2024 5:44:16 PM
From: Return to Sender	Read Replies (1) of 93105

Broadcom beats by $0.02, reports revs in-line; guides Q4 revs below consensus; expects FY24 AI revs of $12.0 bln 4:19 PM ET 9/5/24 \| Briefing.com Reports Q3 (Jul) earnings of $1.24 per share, excluding non-recurring items, $0.02 better than the FactSet Consensus of $1.22; revenues rose 47.3% year/year to $13.07 bln vs the $12.98 bln FactSet Consensus. Co issues downside guidance for Q4 (Oct), sees Q4 revs of approximately $14.0 bln vs. $14.11 bln FactSet Consensus.Co added, "We expect revenue from AI to be $12 billion for fiscal year 2024 driven by Ethernet networking and custom accelerators for AI data centers. The transformation of VMware continues to progress very well. The integration of VMware is driving adjusted EBITDA margin to 64% of revenue as we exit fiscal year 2024."

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