Broadcom Inc - AVGO STOCK NEWS

Broadcom Inc. reports Q3 revenue of $8.9 billion, up 5% YoY, and adjusted EBITDA of $5.8 billion, up 8% YoY. Q4 revenue guidance of approximately $9.27 billion, a 4% increase YoY. Quarterly dividend of $4.60 per share. Positive outlook driven by demand for next-gen networking technologies.

Broadcom expects acquisition of VMware to close on schedule

Broadcom Inc. (NASDAQ:AVGO) announced the availability of the industry’s most secure and highest density Gen 7 64G Fibre Channel Director— the 512-port and 256-port Brocade X7 Directors. The company also introduced the Brocade 7850 Extension Switch, the industry’s first 64G Fibre Channel switch, extending SANs over virtually any distance across the globe. This latest product launch further expands Broadcom’s Brocade 64G Fibre Channel portfolio, demonstrating unmatched industry innovation and technology leadership. The release emphasizes the cyber-resilient SAN that mitigates cybersecurity and downtime risks, with a focus on customer requirements related to data center infrastructure security and resiliency. Brocade Gen 7 Fibre Channel safeguards high-scale fabrics and enables efficient scalability, reducing capital expenses and operational costs. The release also highlights the integrated security and autonomous SAN management technologies, emphasizing the company's commitment to protecting mission-critical data from cybersecurity threats at scale.

Broadcom Inc. (AVGO) to Report Q3 Fiscal Year 2023 Financial Results and Business Outlook on August 31, 2023. The company will host a conference call to discuss the results and business outlook. Preregistration is required to listen via telephone or internet.

Broadcom Inc. (NASDAQ:AVGO) announced the delivery of the new Trident 4-X7 Ethernet switch ASIC, offering 400G connectivity, improved performance, reduced power consumption, and advanced features for enterprise data center ToR boxes. This new device is fully programmable, supports future upgrades, and is designed to meet the evolving needs of cloud and enterprise data centers.

Broadcom announces the availability of its FBAR integrated front end module (FiFEM) devices for Wi-Fi access point applications. The devices incorporate FBAR filter technology to provide superior 5 GHz and 6 GHz band coexistence and reduce power consumption by up to 40% in the RF front end. The availability of the 6 GHz band for Wi-Fi opens up new opportunities for businesses and consumers. Broadcom's FiFEM devices are highly optimized for Wi-Fi 7 AP systems, delivering size, performance, and efficiency.