AVGO Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-05-05), AVGO reported revenue of $12.5B, gross profit of $7.8B (62.3% gross margin), operating income of $3.0B, and net income of $2.1B (17.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AVGO was profitable; revenue grew 4.4% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +4.4% | +60.1% | +5.9 pp |
Consensus estimate data is not available for this report.
AVGO Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.5B | 100% |
| Cost of Revenue | −$4.7B | 37.7% |
| Gross Profit | $7.8B | 62.3% |
| Research & Development | −$2.4B | 19.3% |
| Selling, General & Administrative | −$1.3B | 10.2% |
| Other Operating Expenses | −$1.1B | 9.0% |
| Operating Income | $3.0B | 23.7% |
| Interest Expense | −$1.0B | 8.4% |
| Other Income, net | $87M | 0.7% |
| Income Tax Expense | $116M | 0.9% |
| Net Income | $2.1B | 17.0% |
Source: original SEC filing (filed 2024-06-12). Accession 0001730168-24-000077. Data normalized by EarningsFyi.