Broadcom Inc. (Nasdaq: AVGO) designs, develops, and supplies semiconductor and infrastructure software solutions. Broadcom reported revenue of USD 35.8 billion for the year ending 2023.
Broadcom's business is divided into two main segments: Semiconductor Solutions and Infrastructure Software. The Semiconductor Solutions segment includes products for wired and wireless communications, enterprise storage, and industrial markets. This segment develops and supplies products like set-top box system-on-chips, cable modems, Ethernet switching chips, and wireless local area network access point chips. The Infrastructure Software segment provides enterprise software solutions for virtualization, security, and IT management. This segment was significantly expanded with Broadcom's acquisition of VMware in 2023.
The Asia Pacific region was Broadcom’s largest market (~67% of total revenue in FY2023), followed by the Americas (~23%) and Europe, the Middle East, and Africa (~10%). Broadcom has provided revenue guidance of USD 50 billion for FY2024—a sharp increase from FY2023—primarily due to the acquisition of VMware.
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