Broadcom (AVGO) reports Q3 earnings. Here’s all you need to know

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported financial results for the third quarter of 2023. The tech firm also provided guidance for the fourth quarter.

Earnings, excluding non-recurring items, came in at $10.54 per share in the July quarter, compared to last year’s profit of $9.73 per share. Unadjusted net income was $3.30 billion or $7.74 per share in Q3, vs. $3.07 billion or $7.15 per share in the third quarter of 2022.

Third-quarter revenues totaled $8.88 billion, compared to $8.46 billion last year. The management provided guidance for the fourth quarter of the fiscal year.

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