Broadcom Inc. (AVGO) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $5.503 billion, or $1.14 per share. This compares with $1.325 billion, or $0.28 per share, last year.
Excluding items, Broadcom Inc. reported adjusted earnings of $7.823 billion or $1.60 per share for the period.
Analysts on average had expected the company to earn $1.51 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 24.7% to $14.916 billion from $11.961 billion last year.
Broadcom Inc. earnings at a glance (GAAP) :
-Earnings: $5.503 Bln. vs. $1.325 Bln. last year.-EPS: $1.14 vs. $0.28 last year.-Revenue: $14.916 Bln vs. $11.961 Bln last year.
-Guidance:Next quarter revenue guidance: $14.9 Bln
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.