Broadcom (AVGO) Declares $4.10 Quarterly Dividend; New $10B Stock Buyback

Broadcom (AVGO) Tops Q2 EPS by 37c

May 26, 2022 7:17 AM EDT

Broadcom (NASDAQ: AVGO) reported Q2 EPS of $9.07, $0.37 better than the analyst estimate of $8.70. Revenue for the quarter came in at $8.1 billion versus the consensus estimate of $7.9 billion.

GUIDANCE:

Broadcom sees Q3 2022 revenue of $8.4 billion, versus the consensus of $8.01 billion.

For earnings history and earnings-related data on Broadcom (AVGO) click here.

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Chipmaker Broadcom to buy VMware in $61 billion deal

May 26, 2022 7:07 AM EDT

By Chavi Mehta and Krystal Hu

(Reuters) - Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and stock deal, the chipmaker's biggest and boldest bid to diversify its business into enterprise software.

The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp's $68.7 billion deal to buy video game maker Activision Blizzard Inc.

The offer of $142.50 in cash or 0.2520 of a Broadcom share for each VMware stock represents a premium of nearly 49% to the stock's last close before talks of the deal were... More

Broadcom (AVGO) to Acquire VMware (VMW) for Approximately $61 Billion in Cash and Stock

May 26, 2022 7:01 AM EDT

(Updated - May 26, 2022 7:01 AM EDT)

Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, and VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt.

VMware, a leading provider of multi-cloud... More

VMware (VMW) Is Said To Include Go-shop Provision In Broadcom (AVGO) Deal - Bloomberg

May 25, 2022 3:40 PM EDT

(Updated - May 25, 2022 3:50 PM EDT)

VMware (NYSE: VMW) is negotiating a go-shop provision into its takeover agreement with Broadcom (NASDAQ: AVGO), according to a report from Bloomberg, citing people with knowledge of the... More

Broadcom Limited (AVGO) Earnings Preview - Oppenheimer

May 25, 2022 9:20 AM EDT

Oppenheimer analyst Rick Schafer reiterated an Outperform rating and $720.00 price target on Broadcom Limited (NASDAQ: AVGO) ahead of earnings on Thursday (6/5).

The analyst stated "We see upside to Street's F2Q (Apr.) sales/EPS of $7.9B/$8.72E and F3Q (Jul.)... More

Wall Street Positive on Broadcom's (AVGO) Potential $60 Billion Deal for VMWare (VMW)

May 24, 2022 5:44 AM EDT

Broadcom (NASDAQ: AVGO) is negotiating to acquire VMware (NYSE: VMW) for $60 billion, a deal that would mark one of the biggest buyouts of the year, according to Wall Street Journal.

Broadcom and VMware are currently in talks and could soon announce a cash-and-stock deal that values the cloud computing company at around $140 per share on Thursday, the WSJ reports. However, the price could change as the deal is not yet finalized.

Broadcom is looking to take around $40 billion in debt from multiple banks to... More