AVGO Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-10-29), AVGO reported revenue of $9.3B, gross profit of $6.4B (68.9% gross margin), operating income of $4.2B, and net income of $3.5B (37.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AVGO was profitable; revenue grew 4.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +4.7% | +6.7% | +0.7 pp |
Consensus estimate data is not available for this report.
AVGO Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $9.3B | 100% |
| Cost of Revenue | −$2.9B | 31.1% |
| Gross Profit | $6.4B | 68.9% |
| Research & Development | −$1.4B | 14.9% |
| Selling, General & Administrative | −$418M | 4.5% |
| Other Operating Expenses | −$451M | 4.9% |
| Operating Income | $4.2B | 45.6% |
| Interest Expense | −$405M | 4.4% |
| Other Income, net | $132M | 1.4% |
| Income Tax Expense | −$443M | 4.8% |
| Net Income | $3.5B | 37.9% |
Source: original SEC filing (filed 2023-12-07). Accession 0001730168-23-000093. Data normalized by EarningsFyi.