Revenue and Growth - Q4 2024 revenue reached $14,054 million, up 51% year-over-year[2] - Fiscal year 2024 revenue grew 44% year-over-year to a record $51.6 billion[3] - AI revenue in fiscal year 2024 grew 220% year-over-year to $12.2 billion[3] - Net revenue for the fiscal quarter ended August 4, 2024, was $13.072 billion, compared to $9.295 billion in the same period last year, representing a 40.6% increase[26] - Q1 2025 revenue guidance is approximately $14.6 billion, an increase of 22% from the prior year period[2] Net Income and Profitability - Q4 2024 GAAP net income was $4,324 million, while Non-GAAP net income was $6,965 million[2] - Net income for the fiscal quarter ended August 4, 2024, was a loss of $1.875 billion, compared to a net income of $3.524 billion in the previous year[26] - GAAP net income for the fiscal quarter ended August 4, 2024 was $(1,875) million, while non-GAAP net income was $6,120 million[28] - Net income for the fiscal year ended November 3, 2024, was $14.082 billion, a significant increase from the previous year's $5.895 billion[31] Adjusted EBITDA and Free Cash Flow - Q4 2024 Adjusted EBITDA was $9,089 million, representing 65% of revenue[2] - Fiscal year 2024 Adjusted EBITDA increased 37% year-over-year to a record $31.9 billion[3] - Q1 2025 Adjusted EBITDA guidance is approximately 66% of projected revenue[2] - Adjusted EBITDA for the fiscal year ended November 3, 2024 was $31,897 million, compared to $23,213 million in the previous year[28] - Q4 2024 free cash flow was $5,482 million, or 39% of revenue[2] - Free cash flow for the fiscal year ended November 3, 2024 was $19,414 million, up from $17,633 million in the prior year[28] Operating Performance - Operating income for the fiscal quarter ended August 4, 2024, was $3.788 billion, compared to $4.240 billion in the same period last year, a 10.7% decrease[26] - GAAP operating income for the fiscal year ended November 3, 2024, was $13.463 billion, down from $16.207 billion in the previous year[27] - Non-GAAP operating income for the fiscal year ended November 3, 2024, increased to $30.736 billion from $22.125 billion in the previous year[27] Expenses and Costs - Research and development expenses for the fiscal quarter ended August 4, 2024, were $2.353 billion, up from $1.388 billion in the same period last year, a 69.6% increase[26] - Research and development expenses on a GAAP basis for the fiscal year ended November 3, 2024, were $9.310 billion, up from $5.253 billion in the previous year[27] - Non-GAAP R&D expenses for the fiscal year ended November 3, 2024, were $5.847 billion, compared to $3.740 billion in the previous year[27] - Total operating expenses on a GAAP basis for the fiscal year ended November 3, 2024, were $19.046 billion, up from $8.483 billion in the previous year[27] - Non-GAAP operating expenses for the fiscal year ended November 3, 2024, were $8.723 billion, compared to $4.632 billion in the previous year[27] - Total stock-based compensation expense for the fiscal quarter ended August 4, 2024, was $1.381 billion, compared to $638 million in the previous year, a 116.5% increase[26] - Stock-based compensation expense was $1,314 million for the fiscal quarter ended August 4, 2024, up from $638 million a year earlier[28] Dividends and Shareholder Returns - Quarterly common stock dividend increased by 11% to $0.59 per share for fiscal year 2025[3] Financial Position and Assets - Total assets increased to $165,645 million as of November 3, 2024, from $72,861 million a year earlier, driven by growth in goodwill and intangible assets[30] - Long-term debt rose to $66,295 million as of November 3, 2024, compared to $37,621 million a year ago[30] - Cash and cash equivalents stood at $9,348 million as of November 3, 2024, down from $14,189 million a year ago[30] - Accounts receivable increased to $4,416 million as of November 3, 2024, compared to $3,154 million a year earlier[30] Cash Flow and Financing Activities - Net cash provided by operating activities for the fiscal year ended November 3, 2024, was $19.962 billion, compared to $18.085 billion in the previous year[31] - Acquisitions of businesses, net of cash acquired, amounted to $25.978 billion for the fiscal year ended November 3, 2024[31] - Proceeds from long-term borrowings for the fiscal year ended November 3, 2024, were $39.954 billion[31] - Payments on debt obligations for the fiscal year ended November 3, 2024, totaled $19.608 billion[31] - Cash paid for interest during the fiscal year ended November 3, 2024, was $3.250 billion[31] - Cash paid for income taxes during the fiscal year ended November 3, 2024, was $3.155 billion[31] - Net cash used in financing activities for the fiscal year ended November 3, 2024, was $1.733 billion[31] - Net change in cash and cash equivalents for the fiscal year ended November 3, 2024, was a decrease of $4.841 billion[31] - Cash and cash equivalents at the end of the period for the fiscal year ended November 3, 2024, were $9.348 billion[31] Tax and Other Financial Items - A one-time discrete non-cash tax provision of $4.5 billion was recorded in the fiscal quarter ended August 4, 2024 due to an intra-group IP transfer[29] - Interest expense on a GAAP basis for the fiscal year ended November 3, 2024, was $(3.953) billion, compared to $(1.622) billion in the previous year[27] - Other income, net on a GAAP basis for the fiscal year ended November 3, 2024, was $406 million, down from $512 million in the previous year[27] Gross Margin - Gross margin for the fiscal quarter ended August 4, 2024, was $8.356 billion, up from $6.407 billion in the previous year, a 30.4% increase[26] - Gross margin on GAAP basis for the fiscal year ended November 3, 2024, was $32.509 billion, compared to $24.690 billion in the previous year[27] - Non-GAAP gross margin for the fiscal year ended November 3, 2024, increased to $39.459 billion from $26.757 billion in the previous year[27] Share and Per Share Data - Basic income per share from continuing operations for the fiscal quarter ended August 4, 2024, was a loss of $0.31, compared to $0.85 in the same period last year[26] - Weighted-average shares used in per share calculations (basic) for the fiscal quarter ended August 4, 2024, were 4.663 billion, up from 4.133 billion in the previous year[26] - Weighted-average diluted shares used in non-GAAP per share calculations were 4,917 million for the fiscal quarter ended August 4, 2024[28]

Broadcom’s (AVGO) fourth-quarter fiscal 2024 results, set to be reported on Dec. 12, are expected to reflect the benefits of expanding Artificial Intelligence (AI) and Generative AI offerings.AVGO’s Semiconductor segment revenues are expected to have benefited from strong demand for custom AI accelerators, AI networking solutions, Ethernet switching, optical lasers, thin dies, PCI Express switches and Network Interface Cards from hyperscale customers. The Zacks Consensus Estimate for Broadcom’s fiscal fourt ...

Nvidia (NVDA -2.69%) has proved itself to be one of the early winners in the artificial intelligence (AI) revolution, increasing earnings in the triple digits in recent quarters and pledging to keep innovating to supercharge growth. Stock performance has followed, with the shares soaring nearly 190% this year for the best performance in the Dow Jones Industrial Average -- Nvidia recently was invited to join this top benchmark.After all of these gains, though -- in earnings and in stock price -- you may be w ...

Retail investors today have access to a large amount of information about public companies. Not only do we get quarterly reports to update us on how companies are doing, but there are also resources that show us what others' opinions are on any given stock. Two of the more useful types of information are analysts' stock price targets and the reports that show what assets hedge funds have been buying and selling.Using those in tandem while you're researching stocks can help you gauge whether or not your view ...

The Zacks Electronics - Semiconductors industry is benefiting from the solid adoption of laptops, notebooks, office equipment and network peripherals worldwide. The growing proliferation of Artificial Intelligence (AI), Generative AI, Internet of Things (IoT), Machine Learning (ML) and industrial revolution 4.0 (which focuses on interconnectivity and automation) have turned out to be boons for industry players like Broadcom (AVGO) , Marvell Technology (MRVL) and Impinj (PI) . The growing demand for high-vol ...

Philippe Laffont's hedge fund trimmed its stake in Nvidia last quarter and swapped it for an under-the-radar AI chip opportunity.On Nov. 30, 2022, a start-up called OpenAI changed the world following the introduction of its large language model (LLM), ChatGPT. In the two years since ChatGPT's debut, the S&P 500 and Nasdaq Composite have posted total returns of 52% and 70%, respectively.One of the biggest winners in the AI revolution is semiconductor stock Nvidia, which has gained an eye-popping 717% since t ...

Billionaire investors have flocked to artificial intelligence (AI) stocks in recent times, and many have scored major wins by investing early in today's market giant: Nvidia (NVDA 2.15%). Shares of the leading AI chipmaker are heading for a gain of about 170% this year and have climbed 2,300% over the past five years. This is thanks to Nvidia's triple-digit revenue growth quarter after quarter along with the company's commitment to innovation to stay ahead of rivals.But now, some of the world's most success ...

Microsoft and Broadcom are more stable long-term AI plays.Super Micro Computer's stock soared more than 30% on Nov. 19 after it appointed a new independent auditor and submitted a compliance plan to Nasdaq to avoid a potential delisting. Those announcements addressed its two pressing issues: the departure of its auditor Ernst & Young in October, and a delayed filing for its 10-K report, which could cause its stock to be delisted.But even after that rally, Supermicro's stock remains 76% below its all-time hi ...

Dalio dumped more than 1.8 million shares of Wall Street's favorite artificial intelligence (AI) stock and respectively quadrupled and 10X'd Bridgewater's position in two other AI stock-split stocks.Important data releases are a common occurrence on Wall Street. Between earnings season, which sees a vast majority of Wall Street's largest and most-influential businesses report their quarterly operating results, and daily economic reports, it can be easy to miss something important.For instance, you might hav ...

Stanley Druckenmiller wowed investors year after year with his winning streak at the helm of Duquesne Capital Management. There, he scored an average annual return of 30% over 30 years -- and didn't post a single year of money losses. This top investor closed the fund in 2010 but has since continued investing through the Duquesne Family Office -- and one of his favored stocks in recent times has been artificial intelligence (AI) giant Nvidia (NVDA -1.29%).Druckenmiller bought shares of the AI chip leader in ...