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 (AVGO) reported strong Q4 2024 financial results with revenue reaching $14.054 billion, up 51% year-over-year. The company's fiscal year 2024 revenue grew 44% to $51.6 billion, driven by infrastructure software revenue of $21.5 billion and semiconductor revenue of $30.1 billion.
Notable highlights include AI revenue growth of 220% year-on-year to $12.2 billion, and adjusted EBITDA of $9.089 billion (65% of revenue) for Q4. The company increased its quarterly dividend by 11% to $0.59 per share and provided Q1 FY2025 guidance projecting revenue of approximately $14.6 billion, a 22% increase from the prior year.
Broadcom (NASDAQ: AVGO) has launched Bitnami Premium, a commercial enterprise version of Bitnami by VMware Tanzu, and appointed Arrow Electronics as its global distributor. Bitnami, which averages over 4 billion downloads annually, is a free catalog of open source software packages used by developers across major cloud environments.
The premium version offers enhanced features including enterprise support for 500+ packages, unlimited access to containers and Helm charts from Docker Hub, long-term support branches, and secure software supply chain metadata. Arrow Electronics will manage the purchase and support experience, leveraging their expertise in IT solutions and global provisioning.
Broadcom has announced its groundbreaking 3.5D eXtreme Dimension System in Package (XDSiP™) platform technology, designed for next-generation custom AI accelerators (XPUs). This innovative platform integrates over 6000 mm² of silicon and up to 12 high bandwidth memory stacks in a single package.
The technology combines Face-to-Face (F2F) 3D silicon stacking with 2.5D packaging, achieving 7x higher signal density between stacked dies and 10x reduction in power consumption compared to traditional Face-to-Back approaches. The lead F2F 3.5D XPU integrates four compute dies, one I/O die, and six HBM modules.
Production shipments are scheduled to begin in February 2026, with multiple customers already adopting the platform for their AI computing needs.
Broadcom (NASDAQ: AVGO) announced it will release its fourth quarter and fiscal year 2024 financial results on Thursday, December 12, 2024, after market close. The company's management will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results and business outlook. The conference call will be accessible live online through Broadcom's Investors website section, with an audio replay available for one year.
Broadcom (NASDAQ: AVGO) announces expanded VMware Cloud Foundation (VCF) services and partnerships at VMware Explore 2024 Barcelona. The company introduces new Advanced Services including VMware Tanzu Data Services for VCF, enhanced cyber security features with VMware Live Recovery supporting Google Cloud, and expanded AI capabilities through Microsoft's Azure AI Video Indexer integration.
The platform aims to accelerate AI development, strengthen cybersecurity, and support sovereign cloud adoption. Notable updates include a 50% discount on certification exams for VMUG Advantage members, new VCF Architect certification, and expanded support for sovereign cloud services through 50 VMware Cloud Service Providers.
Broadcom (NASDAQ: AVGO) announced major advancements in its VeloCloud portfolio, introducing VeloRAIN (Robust AI Networking) architecture and new edge appliances. The company launched VeloCloud Edge 4100 and 5100 appliances, scaling up to 100Gbps for large enterprises. The announcement includes the new Titan partner program for VeloCloud Managed Service Providers, replacing the legacy VMware program. The VeloRAIN architecture enhances AI workload performance and security, featuring AI application detection, enhanced network efficiency, and dynamic policy frameworks. According to Broadcom's research, 57% of organizations cite network connectivity as the main driver for edge solutions adoption.
Broadcom and Telia Company have expanded their partnership through a new multi-year agreement focused on modernizing telco and cloud infrastructure. Telia will enhance its network and IT cloud capabilities using VMware Telco Cloud Platform and VMware Cloud Foundation. As a newly designated Broadcom Pinnacle Partner, Telia aims to expand its cloud-native architecture, advance automation across network workloads, and streamline operational efficiency. This partnership enables Telia to deliver new monetizable 5G and cloud services to customers in the Nordic and Baltic regions.
Broadcom Inc. (NASDAQ: AVGO) is hosting VMware Explore 2024 Barcelona from November 4-7 at the Fira Gran Via. The event will feature over 400 sessions across five content tracks, covering topics such as private cloud, generative AI, app delivery, and edge computing. On November 5, Broadcom President and CEO Hock Tan will deliver a keynote address titled "Shaping the Future of Cloud and AI Innovation" at 9:00 a.m. CET.
The event offers attendees:
- Breakout sessions and labs on various technology topics
- Certification training
- Access to top ecosystem partners at The Expo
- Networking opportunities with global peers
Deutsche Telekom's T-Systems and Broadcom have expanded their long-standing partnership. T-Systems has achieved the highest VMware Cloud Service Provider (VCSP) Pinnacle tier partner status in the Broadcom Advantage Partner Program. This status signifies T-Systems' deep technological expertise and close collaboration with Broadcom to help customers adopt advanced digital technologies.
Key highlights of the expanded partnership include:
- T-Systems will offer managed private cloud services, including sovereign cloud services, based on VMware Cloud Foundation (VCF)
- As a Pinnacle Partner, T-Systems supports the VCSP White Label model, enabling other partners to offer VMware products under their own brand
- The partnership strengthens T-Systems' multi-cloud strategy and global service offerings
- T-Systems and VMware (now Broadcom) have collaborated for 20 years, with T-Systems offering tool-based migration to VMware technology and establishing a VMware Cloud Center of Excellence
Broadcom Inc. (NASDAQ: AVGO) announced its continued momentum in enabling AI infrastructure through open standards, scalability, and power-efficient solutions at the 2024 Open Compute Project (OCP) Global Summit. The company will showcase advancements in Ethernet, PCIe, and optical networking products designed for AI applications.
Key innovations to be featured include the Tomahawk 5 and Jericho3-AI Ethernet switches, Trident4-X11 Ethernet switch, Tomahawk 5 - Bailly CPO Ethernet switch, 400G PCIe Gen 5.0 Ethernet adapters, PCIe Gen 5.0 switches, PCI Express Gen5/Gen6 retimers, and Sian2 DSPs for AI clusters.
Broadcom will also participate in various talks and panel sessions, covering topics such as hardware management, cooling solutions for high-density AI clusters, optical power consumption reduction, and PCIe Gen 6 support in OCP NIC 3.0.
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