Broadcom Reports Wednesday. Its Profit Is Growing Nearly 4 Times as Fast as Its Revenue.
Yahoo Finance ·
Broadcom ( AVGO -0.18% ) reports its fiscal third-quarter results after the close on Wednesday, Sept. 2. Heading into the report, the chip and software giant's trailing-12-month revenue is up 32% to $75.5 billion, extraordinary at this scale. But the bottom line is moving far faster. Net income over the same period climbed 127% to $29.3 billion -- nearly four times the pace of revenue growth. About 39 cents of every revenue dollar now lands as profit, up from about 23 cents a year earlier. Broadcom's disclosures show where that spread comes from, and what Wednesday can and can't settle.
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