Broadcom Released 2018 Fiscal Year Q2 Earnings: Net Profit Of $3 Billion 718 Million

Sina Technology News Beijing time on June 8th, Reuters reported that Broadcom Corp released its second quarter financial report for fiscal 2018 as of May 6th, according to Reuters. According to the financial report, according to the US general accounting standards (GAAP), its quarterly profit is higher than that of Wall Street. Because the profit of Bo Tong's network chips and data center storage solutions has risen, it has made up for the loss of its short board, the decline in the profit of wireless business.

The company said its revenue in the third quarter is expected to be flat or slightly down in the second quarter, as the demand for orders for a large North American smartphone maker is increasing, but South Korean customers have reduced their orders.

hat the North American customer that Bo talked about was the Apple Corp, which last year made up 1/5 of the total revenue from the apple sales, while the Korean customer was the Samsung Electronics Co Ltd.

However, the company's chief executive, Hock Tan, said in an analyst's phone that they wanted to maintain a stable cloud data center and enterprise IT business needs.

Broadcom was originally an American company and was acquired by Avago in Singapore until 2016. But in April this year, Bo Tong moved its headquarters back to the United States, and a few weeks ago, President Donald Trump blocked the Broadcom Corp's purchase of Qualcomm Corp for $117 billion, on the grounds of endangering national security.
Analysts believe that Broadcom Corp tried to acquire Qualcomm through the relocation of its headquarters, but it was not examined by the Foreign Investment Commission of the United States.

The chipmaker's stock has dropped slightly in recent trading.

Kinngai Chan, an analyst at Summit Insights Group, said: "I think, compared to other stocks in the semiconductor industry, the company's stock performance is slightly less than they do on a large or medium scale purchase."

Broadcom's net revenue in the second quarter was $5 billion 14 million, an increase of 20% over the same period of 4 billion 190 million a year earlier, down 6% from the previous quarter's US $5 billion 327 million. Gross profit was $2 billion 551 million, and gross interest rate reached 66%. Operating expenses amounted to $1 billion 350 million, down from $1 billion 685 million in the previous quarter, down from $1 billion 502 million in the same period last year. Net profit of $3 billion 733 million, net profit attributable to ordinary shareholders was $3 billion 718 million, and diluted earnings per share was $8.33, up 745% from $440 million in the same period of the same period of last year.

According to the division, the second quarter revenue of the cable infrastructure sector was $2 billion 295 million, the wireless communications department was $1 billion 294 million, the business storage department was $1 billion 162 million, and the industry and other sectors were $263 million.

For the third quarter, net revenue is expected to be $5 billion 47 million, up and down $75 million, and net revenue of $5 billion 50 million, up and down $75 million.

For the third quarter, net revenue is expected to be $5 billion 47 million, up and down $75 million, and net revenue of $5 billion 50 million, up and down $75 million. (light wind)