AVGO Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-08-04), AVGO reported revenue of $13.1B, gross profit of $8.4B (63.9% gross margin), operating income of $3.8B, and net income of −$1.9B (-14.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AVGO reported a net loss; revenue grew 47.3% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +47.3% | −156.8% | −51.6 pp |
| Quarter over quarter | +4.7% | −188.4% | −31.3 pp |
Consensus estimate data is not available for this report.
AVGO Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $13.1B | 100% |
| Cost of Revenue | −$4.7B | 36.1% |
| Gross Profit | $8.4B | 63.9% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$4.6B | 34.9% |
| Operating Income | $3.8B | 29.0% |
| Other Income, net | −$1.4B | 10.9% |
| Income Tax Expense | −$4.2B | 32.4% |
| Net Income | −$1.9B | -14.3% |
Source: original SEC filing (filed 2024-09-05). Accession 0001730168-24-000095. Data normalized by EarningsFyi.