Broadcom Inc - 8% PRF CONVERT 30/09/2022 USD 1000 - Ser A

Transformative Year with Record Growth: Broadcom reported a record revenue of $51.6 billion for fiscal year 2024, a 44% year-over-year increase. Excluding VMware, organic revenue grew over 9%. The operating profit, excluding transition costs, grew by 42%, indicating significant operational leverage.

AI Revenue Surge and Future Potential: AI revenue soared by 220% to $12.2 billion, accounting for 41% of semiconductor revenue. For fiscal year 2025, Broadcom expects semiconductor revenue to grow approximately 10% year-over-year, with AI revenue projected to grow 65% to $3.8 billion, reflecting strong demand in this segment.

Strategic Position and Market Outlook: The company anticipates a Serviceable Addressable Market (SAM) of $60 billion to $90 billion for AI-related revenue by fiscal year 2027. Broadcom plans to shift its reporting to distinguish between AI and non-AI semiconductor revenue segments, aiming to capture a significant share in the emerging AI market.