Broadcom Sees FY24 Revenue Of ~$51B Vs $50.42B Est
Portfolio Pulse from Benzinga Newsdesk
Broadcom has provided its fiscal year 2024 revenue guidance of approximately $51 billion, slightly above the estimated $50.42 billion. The company also expects an adjusted EBITDA of about 61% of projected revenue. This guidance includes contributions from VMware.
June 12, 2024 | 8:16 pm
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Broadcom has provided a positive revenue outlook for fiscal year 2024, projecting approximately $51 billion, which is slightly above market estimates. The company also expects a strong adjusted EBITDA margin of 61%.
The revenue guidance of $51 billion is slightly above the market estimate of $50.42 billion, indicating a positive outlook. The strong adjusted EBITDA margin of 61% further supports a positive short-term impact on Broadcom's stock price.
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