AVGO Q3 2023 Earnings — Income Statement Breakdown
For its Q3 2023 period (ending 2023-07-30), AVGO reported revenue of $8.9B, gross profit of $6.2B (69.4% gross margin), operating income of $3.9B, and net income of $3.3B (37.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AVGO was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
AVGO Q3 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $8.9B | 100% |
| Cost of Revenue | −$2.7B | 30.6% |
| Gross Profit | $6.2B | 69.4% |
| Research & Development | −$1.4B | 15.3% |
| Selling, General & Administrative | −$388M | 4.4% |
| Other Operating Expenses | −$562M | 6.3% |
| Operating Income | $3.9B | 43.4% |
| Interest Expense | −$406M | 4.6% |
| Other Income, net | $124M | 1.4% |
| Income Tax Expense | −$271M | 3.1% |
| Net Income | $3.3B | 37.2% |
Source: original SEC filing (filed 2023-08-31). Accession 0001730168-23-000074. Data normalized by EarningsFyi.