Welcome to our dedicated page for Broadcom news (Ticker: AVGO), a resource for investors and traders seeking the latest updates and insights on Broadcom stock.
Broadcom Inc. (NASDAQ: AVGO) is a global leader in semiconductor and infrastructure software solutions powering data centers, enterprise networks, and connectivity ecosystems. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological innovations, and market strategies.
Access authoritative coverage of Broadcom's earnings announcements, product launches, and strategic partnerships. Our curated collection includes press releases and analysis spanning key focus areas: semiconductor advancements for AI infrastructure, enterprise software updates, and strategic acquisitions shaping the digital transformation landscape.
Stay informed about developments in optical interconnect technologies, cybersecurity solutions, and cloud infrastructure innovations. This resource serves as your primary source for tracking Broadcom's role in enabling next-generation networking, storage architectures, and secure enterprise operations.
Bookmark this page for real-time updates on AVGO's market-moving developments. Check regularly for insights into how Broadcom's semiconductor expertise and software integration strategies continue redefining global connectivity standards.
Broadcom reported strong first-quarter fiscal 2021 results, with net revenue of $6.655 billion, marking a 14% increase year-on-year. The net income surged to $1.378 billion, compared to $385 million in Q1 2020. Earnings per share rose to $3.05, up from $0.74. Operating profit increased by 23%, and free cash flow reached approximately $3 billion, a 35% jump year-over-year. For Q2 2021, revenue guidance is set at about $6.5 billion, while a quarterly dividend of $3.60 per share is declared, payable on March 31, 2021.
Broadcom Inc. (NASDAQ: AVGO) will release its first quarter fiscal year 2021 financial results on March 4, 2021, after market close. The company will host a conference call at 2:00 p.m. Pacific Time to discuss the results and outlook. Investors can access the call online or by phone. Broadcom is a leader in semiconductor and infrastructure software solutions, serving critical markets including data center, networking, and wireless. For further details, visit www.broadcom.com.
Broadcom Inc. (Nasdaq: AVGO) announced the expiration of its cash tender offers for various outstanding notes on February 1, 2021. The offers had a maximum purchase price of $3.5 billion. As of the expiration date, a total of $2.9 billion in principal amount of validly tendered notes was accepted. Notably, the tender offers included senior notes due in 2021, 2022, and 2023. The final settlement date is expected on February 3, 2021, and the company has also entered into supplemental indentures to reduce notice requirements for optional redemptions.
Broadcom Inc. (Nasdaq: AVGO) announces early results of cash tender offers to purchase outstanding notes totaling $3.5 billion. The offers include several senior notes due between 2021-2023. As of the early tender deadline on January 15, 2021, approximately $2.901 billion of notes were validly tendered. The early settlement date is expected on January 20, 2021, with the final offer expiring on February 1, 2021. The tender offers are part of Broadcom's strategy to manage its debt effectively.
Broadcom has announced that its BCM4389 chip powers the Samsung Galaxy S21 Ultra, enabling the world's first Wi-Fi 6E phone. This new technology operates on the 6 GHz band, delivering speeds over 2 Gbps and enhanced Bluetooth performance. The chip supports seven additional channels and improves battery utilization, proving essential for modern needs like remote work and gaming. Broadcom emphasizes its collaboration with Samsung and the growing ecosystem of Wi-Fi 6 devices, reflecting a significant market transition and user benefits.
Broadcom (Nasdaq: AVGO) will present its networking franchises at the J.P. Morgan Tech/Auto Forum on January 12, 2021, at 1:35 p.m. PT. Key executives, including CEO Hock Tan and SVP Ram Velaga, will highlight Broadcom's semiconductor and infrastructure software solutions. A live audio webcast and presentation materials will be accessible for 30 days on Broadcom's investor website. The company specializes in a broad range of technology solutions across markets like data center and enterprise software.
Broadcom has announced the pricing of a debt offering totaling $750 million for 1.950% Senior Notes due 2028 and an additional $8.25 billion across various maturities, including notes due in 2031, 2033, 2041, and 2051. The net proceeds will primarily be used to repay existing debt and fund a $3.5 billion cash tender offer for outstanding notes. The offering is set to settle on January 19, 2021, and the notes are being sold in a private placement under SEC regulations.
Broadcom (Nasdaq: AVGO) announced a private offering of senior notes and concurrent cash tender offers to purchase outstanding notes. The total purchase price for the notes in the tender offers is up to $2.75 billion. Proceeds will be used to repay existing debt, including interest and fees. The tender offers expire on February 1, 2021, with an early deadline on January 15, 2021. Broadcom is also soliciting consents to amend the indentures governing the notes. The New Notes are being sold under Rule 144A and Regulation S of the Securities Act.
Broadcom Inc. (Nasdaq: AVGO) announced significant senior leadership appointments effective immediately. Tom Krause moves to President of the new Infrastructure Software Group, Charlie Kawwas transitions to Chief Operating Officer, and Kirsten Spears becomes Chief Financial Officer. These changes aim to enhance operations and drive long-term growth as highlighted by the company's 23.5% total shareholder return for FY2020. The leadership transitions are expected to capitalize on Broadcom's strategic acquisitions and R&D commitment.
Broadcom Inc. reported robust financial results for Q4 and fiscal year 2020, with Q4 net revenue reaching $6.467 billion, a 12% increase year-over-year. Net income also rose to $1.324 billion. The company generated $11.6 billion in free cash flow for the year and raised its quarterly dividend to $3.60 per share. For Q1 FY2021, Broadcom expects revenue of approximately $6.6 billion, indicating continued strength. The infrastructure software segment saw a notable 36% growth, while overall fiscal revenue increased by 6% to $23.888 billion.
