Broadcom Soars 4.48% on Strong 2024 Earnings

On March 28, 2025, Broadcom's stock rose by 4.48% in pre-market trading.

Broadcom released its 2024 annual report on March 28, 2025. The report showed that the company's revenue for 2024 was 2.87 billion yuan, an increase of 9.15% year-on-year. Net profit attributable to shareholders was 328.21 million yuan, an increase of 15.68% year-on-year. Net profit attributable to shareholders after deducting non-recurring gains and losses was 322.44 million yuan, an increase of 18.81% year-on-year. Basic earnings per share were 0.53 yuan.

During the reporting period, Broadcom's basic earnings per share were 0.53 yuan, and the weighted average return on equity was 11.50%. The company's gross profit margin for 2024 was 51.86%, a decrease of 1.08 percentage points year-on-year. The net profit margin was 15.88%, an increase of 0.34 percentage points year-on-year. In the fourth quarter of 2024, the company's gross profit margin was 53.89%, a decrease of 0.14 percentage points year-on-year and a decrease of 7.70 percentage points quarter-on-quarter. The net profit margin was 18.66%, an increase of 0.26 percentage points year-on-year and a decrease of 8.05 percentage points quarter-on-quarter.

Broadcom's operating expenses for 2024 were 1.03 billion yuan, an increase of 42.83 million yuan year-on-year. The operating expense ratio was 35.97%, a decrease of 1.66 percentage points year-on-year. Sales expenses decreased by 16.63% year-on-year, management expenses increased by 1.30% year-on-year, and financial expenses increased by 88.76% year-on-year.

As of the end of 2024, the total number of shareholders of broadcom was 10,700, an increase of 695 from the end of the third quarter, an increase of 6.98%. The average market value of shares per shareholder decreased from 123,400 yuan at the end of the third quarter to 121,100 yuan, a decrease of 1.87%.

Ask Aime: What's behind Broadcom's 4.48% pre-market stock price jump?