Broadcom Inc. Announces Third Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend

Financial Performance - Company reported revenue of $13,072 million for Q3 2024, a 47% increase from the same period last year [1][2] - GAAP net loss for Q3 2024 was $1,875 million, while non-GAAP net income was $6,120 million [1][2] - Adjusted EBITDA for Q3 2024 was $8,223 million, representing 63% of revenue [1][2] - GAAP diluted loss per share was $0.40, compared to non-GAAP diluted EPS of $1.24 [1][2] - Free cash flow for Q3 2024 was $4,791 million, or 37% of revenue [1][2] Segment Performance - Semiconductor solutions generated $7,274 million in revenue, a 5% increase year-over-year [2] - Infrastructure software revenue was $5,798 million, reflecting a 200% increase year-over-year [2] Guidance and Outlook - Company expects Q4 2024 revenue to be approximately $14.0 billion, a 51% increase from the prior year [1][2] - Adjusted EBITDA guidance for Q4 2024 is projected to be around 64% of revenue [1][2] Dividend Information - Company announced a quarterly cash dividend of $0.53 per share, payable on September 30, 2024 [3]