Broadcom announces fourth-quarter revenue, net profit increased by 50% year-on-year

On December 10th, this morning, Broadcom, a world-renowned chip company, released its fourth-quarter and full-year financial reports for the 2021 fiscal year. The financial report shows that in the fourth fiscal quarter ended October 31, Broadcom’s fourth fiscal quarter revenue totaled 7.407 billion U.S. dollars, an increase of 15% year-on-year. Net profit was US$1.989 billion, an increase of 50% compared with US$1.324 billion in the same period last year. Net profit in the previous quarter was US$1.876 billion.

From the perspective of business income, Broadcom’s semiconductor solutions revenue in the fourth fiscal quarter was US$5.63 billion, an increase of 17% year-on-year, and the revenue of the infrastructure software division increased by 8% year-on-year to US$1.77 billion.

In addition, Broadcom also announced its 2021 full fiscal year performance overview. Broadcom’s total revenue for fiscal 2021 was US$27.45 billion, a year-on-year increase of 15% compared with 2020. Among them, the net revenue of the semiconductor solutions business was US$20.383 billion, a year-on-year increase of 18%; net profit was 67.36 Billion US dollars, a year-on-year increase of 128%.

Broadcom expects that its net revenue in the first quarter of fiscal year 2022 will reach approximately US$7.6 billion, and its adjusted EBITDA for the first quarter is expected to be approximately 61.5% of its estimated revenue. Previously, nearly 25 analysts on average expected Broadcom’s revenue in the first quarter of fiscal year 2022 to reach $7.6 billion.

It is understood that Broadcom is the global leader in radio frequency chips for smartphones. Its main customers are Apple and Samsung Electronics. Its business direction is to provide wireless connection chips for Apple’s iPhone series and Samsung’s smartphones. Its business direction also includes broadband Semiconductor chips for communications, network storage and industrial applications. In addition, its infrastructure software business in areas such as data centers, mainframes, and network security is also growing. Is a world-renowned leading chip company.

Benefiting from the long-term chip shortage on a global scale, the global chip shortage is extremely short, semiconductors have become one of the most popular sectors at present, and the market value of the world’s top semiconductor companies continues to grow substantially.

Broadcom President and CEO Hock Tan believes that benefiting from the expansion of market demand and the rapid development of 5G communication technology, Broadcom’s short-term demand for radio frequency and wireless chips continues to be strong, and its infrastructure software growth continues to remain stable. Broadcom’s fourth-quarter performance Record.

Earlier, Broadcom said that chip delivery time has been extended and will be delayed for a long time, chip inventory is still insufficient, corporate demand rebounded strongly, and the semiconductor chip market will continue to be in short supply in the future.

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