Broadcom (NASDAQ:AVGO) reported its Q2 earnings results on Thursday, May 26, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Broadcom beat estimated earnings by 4.25%, reporting an EPS of $9.07 versus an estimate of $8.7.
Revenue was up $1.49 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.31 which was followed by a 3.01% increase in the share price the next day.
Here's a look at Broadcom's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 8.08 | 7.74 | 6.88 | 6.42 |
| EPS Actual | 8.39 | 7.81 | 6.96 | 6.62 |
| Revenue Estimate | 7.60B | 7.36B | 6.76B | 6.51B |
| Revenue Actual | 7.71B | 7.41B | 6.78B | 6.61B |
To track all earnings releases for Broadcom visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
