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Broadcom Inc. Q3 Revenues Jumped 16% to $6,778 million

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Broadcom Inc.

Broadcom Inc posted record Q3 revenues reflecting product and technology leadership across secular growth markets, according to a press release by Broadcom Inc. on Thursday.

The consolidated revenue grew by 16% YoY to $6.8 billion, and operating profit increased by 24%, with an adjusted EBITDA margin of a record 61%.

The San Jose, California-based technology company reported a net income of $1,876 million for Q3 and adjusted EBITDA of $4,123 million.

The company’s cash and cash equivalents at the end of the fiscal quarter increased to $11,105 million, compared to $9,518 million at the end of the previous quarter.

On June 30, 2021, the company paid a cash dividend of $3.60 per share of common stock, totaling $1,482 million, and a cash dividend of $20.00 per share of compulsory preferred stock, totaling $74 million.

The outlook for the Q4 of the fiscal year 2021 is estimated to improve to nearly $7.35 billion and adjusted EBITA guidance of nearly 61% of projected revenue. AVGO -0.26%.

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