AVGO Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-11-03), AVGO reported revenue of $14.1B, gross profit of $9.0B (64.1% gross margin), operating income of $4.6B, and net income of $4.3B (30.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AVGO was profitable; revenue grew 51.2% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +51.2% | +22.7% | −7.1 pp |
| Quarter over quarter | +7.5% | +330.6% | +45.1 pp |
Consensus estimate data is not available for this report.
AVGO Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $14.1B | 100% |
| Cost of Revenue | −$5.1B | 35.9% |
| Gross Profit | $9.0B | 64.1% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$4.4B | 31.1% |
| Operating Income | $4.6B | 32.9% |
| Other Income, net | −$745M | 5.3% |
| Income Tax Expense | $442M | 3.1% |
| Net Income | $4.3B | 30.8% |
Source: original SEC filing (filed 2024-12-12). Accession 0001730168-24-000125. Data normalized by EarningsFyi.