AVGO Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-02-04), AVGO reported revenue of $12.0B, gross profit of $7.4B (61.7% gross margin), operating income of $2.1B, and net income of $1.3B (11.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AVGO was profitable; revenue grew 28.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +28.7% | −62.4% | −26.8 pp |
Consensus estimate data is not available for this report.
AVGO Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.0B | 100% |
| Cost of Revenue | −$4.6B | 38.3% |
| Gross Profit | $7.4B | 61.7% |
| Research & Development | −$2.3B | 19.3% |
| Selling, General & Administrative | −$1.6B | 13.1% |
| Other Operating Expenses | −$2.0B | 16.7% |
| Operating Income | $2.1B | 17.4% |
| Other Income, net | −$690M | 5.8% |
| Income Tax Expense | −$68M | 0.6% |
| Net Income | $1.3B | 11.1% |
Source: original SEC filing (filed 2024-03-07). Accession 0001730168-24-000012. Data normalized by EarningsFyi.