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AVGO Broadcom

Broadcom Inc., a Delaware corporation headquartered in San Jose, CA, is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Broadcom Inc solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.

Company profile

AVGO stock data

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Calendar

11 Jun 21
1 Aug 21
31 Oct 21
Quarter (USD)
May 21 Jan 21 Oct 20 Aug 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Nov 19 Nov 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Broadcom earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.52B 9.52B 9.52B 9.52B 9.52B 9.52B
Cash burn (monthly) 11.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 33.94M n/a n/a n/a n/a n/a
Cash remaining 9.48B n/a n/a n/a n/a n/a
Runway (months of cash) 836.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Jun 21 Tan Hock E Common Stock, $0.001 par value Payment of exercise Dispose F No No 471.17 180,151 84.88M 401,677
17 Jun 21 Tan Hock E Common Stock, $0.001 par value Grant Aquire A No No 0 363,996 0 581,828
9 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 465.89 30 13.98K 476
9 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 465.108 136 63.25K 506
9 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 464.437 304 141.19K 642
9 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 462.585 60 27.76K 946
8 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 470.693 61 28.71K 1,006
8 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 467.023 90 42.03K 1,067
8 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 465.583 98 45.63K 1,157
8 Jun 21 Eddy W Hartenstein Common Stock, $0.001 par value Sell Dispose S No Yes 464.3 281 130.47K 1,255

Financial report summary

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Risks
  • Risks Related to Our Business
  • Risks Relating to Our Indebtedness
  • Risks Relating to Owning Our Common Stock
  • The ongoing COVID-19 pandemic has disrupted and will likely continue to disrupt normal business activity, which may have an adverse effect on our results of operations.
  • The majority of our sales come from a small number of customers and a reduction in demand or loss of one or more of our significant customers may adversely affect our business.
  • We purchase a significant amount of the materials used in our products from a limited number of suppliers.
  • Adverse global economic conditions could have a negative effect on our business, results of operations and financial condition and liquidity.
  • Global political and economic conditions and other factors related to our international operations could adversely affect our business, financial condition and results of operations.
  • Our business would be adversely affected by the departure of existing members of our senior management team.
  • We may pursue acquisitions, investments, joint ventures and dispositions, which could adversely affect our results of operations.
  • Our operating results are subject to substantial quarterly and annual fluctuations.
  • We operate in the highly cyclical semiconductor industry, which is subject to significant downturns.
  • Winning business in the semiconductor solutions industry is subject to a lengthy process that often requires us to incur significant expense, from which we may ultimately generate no revenue.
  • Competition in our industries could prevent us from growing our revenue.
  • We may be unable to maintain appropriate manufacturing capacity or product yields at our own manufacturing facilities, which could adversely affect our relationships with our customers, and our business, financial condition and results of operations.
  • Our gross margin is dependent on a number of factors, including our product mix, price erosion, acquisitions we may make, level of capacity utilization and commodity prices.
  • If our software products do not remain compatible with ever-changing operating environments, platforms, or third-party products, demand for our products and services could decrease, which could materially adversely affect our business.
  • Failure to enter into software license agreements on a satisfactory basis could materially adversely affect our business.
  • Certain software that we use in our products is licensed from third parties and may not be available to us in the future, which may delay product development and production or cause us to incur additional expense.
  • Certain software we use is from open source code sources, which, under certain circumstances could materially adversely affect our business, financial condition, operating results and cash flow.
  • We are subject to warranty claims, product recalls and product liability.
  • The complexity of our products could result in unforeseen delays or expense or undetected defects or bugs, which could adversely affect the market acceptance of new products, damage our reputation with current or prospective customers, and materially and adversely affect our operating costs.
  • We make substantial investments in research and development and unsuccessful investments could materially adversely affect our business, financial condition and results of operations.
  • We collect, use, store, or otherwise process personal information, which subjects us to privacy and data security laws and contractual commitments, and our actual or perceived failure to comply with such laws and commitments could harm our business.
  • Social and environmental responsibility regulations, policies and provisions, as well as customer and investor demands, may make our supply chain more complex and may adversely affect our relationships with customers and investors.
  • A breach of our security systems may have a material adverse effect on our business.
  • Fluctuations in foreign exchange rates could result in losses.
  • Changes in tax legislation or policies could materially impact our financial position and results of operations.
  • Our income taxes and overall cash tax costs are affected by a number of factors that could materially, adversely affect financial results.
  • The Internal Revenue Service may not agree that prior to our redomiciliation into the U.S., our predecessor, Broadcom Limited should have been treated as a foreign corporation for U.S. federal income tax purposes.
  • Our substantial indebtedness could adversely affect our financial health and our ability to execute our business strategy.
  • The instruments governing our indebtedness impose certain restrictions on our business.
  • Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business to pay our substantial debt.
  • A substantial amount of our stock is held by a small number of large investors and significant sales of our common stock by one or more of these holders could cause our stock price to fall.
  • There can be no assurance that we will continue to declare cash dividends.
Management Discussion
  • Historically, a relatively small number of customers have accounted for a significant portion of our net revenue. Direct sales to WT Microelectronics, a distributor, accounted for 17% and 18% of our net revenue for the fiscal quarter and two fiscal quarters ended May 2, 2021, respectively, and 14% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 3, 2020.
  • We believe aggregate sales to our top five end customers, through all channels, accounted for approximately 35% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 2, 2021 and approximately 30% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 3, 2020. We believe aggregate sales to Apple Inc., through all channels, accounted for less than 25% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 2, 2021 and less than 20% of our net revenue for each of the fiscal quarter and two fiscal quarters ended May 3, 2020. We expect to continue to experience significant customer concentration in future periods. The loss of, or significant decrease in demand from, any of our top five end customers could have a material adverse effect on our business, results of operations and financial condition.
  • From time to time, some of our key semiconductor customers place large orders or delay orders, causing our quarterly net revenue to fluctuate significantly. This is particularly true of our wireless products as fluctuations may be magnified by the timing of launches, and seasonal variations in sales, of mobile handsets. The ongoing COVID-19 pandemic and related challenges and uncertainties may also cause our net revenue to fluctuate significantly and adversely affect our results of operations, as discussed above. Additionally, export restrictions on one of our larger customers have had, and may continue to have, an adverse impact on our revenue.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: firmly, mentioned, removed, replenishment, sector, Sectoral, stabilized, water
Removed: assumption, borrowed, conducted, downturn, guaranteed, July, merger, national, omitted, recession, Supplemental, terminate

Patents

GRANT
Utility
Orthogonal frequency division multiple access (OFDMA) structures for high efficiency wireless communications
27 Jul 21
A wireless communication device (alternatively, device) includes a communication interface and a processor, among other possible circuitries, components, elements, etc. to support communications with other wireless communication device(s) and to generate and process signals for such communications.
GRANT
Utility
Identifying unauthorized changes to network elements and determining the impact of unauthorized changes to network elements on network services
27 Jul 21
Methods of managing an information technology (IT) infrastructure include detecting by a configuration management system an unauthorized change to one of a plurality of network elements, determining by the configuration management system that the unauthorized change to the one of the plurality of network elements creates a risk condition to an operation of one of the services provided by the IT infrastructure, and initiating an action to remedy the unauthorized change in response to determining that the unauthorized change to the one of the plurality of network elements creates the risk condition to the operation of one of the services provided by the IT infrastructure.
GRANT
Utility
Abnormal user behavior detection
27 Jul 21
A method for detecting and protecting against abnormal user behavior is described.
GRANT
Utility
Generation of security policies for microsegmented computer networks
27 Jul 21
A computer-implemented method of generating a security policy for a microsegmented computing system is provided.
GRANT
Utility
Protocols for flexible channel utilization
27 Jul 21
In some aspects, the disclosure is directed to methods and systems for utilizing protocols to enable two 802.11 devices to exchange their dynamically-changing local channel availability table and form a mutual channel availability table with time, frequency, and transmission rate domains available.