Naweed & Kamran Research
June 29, 2022
- Broadcom’s revenue guidance for the third quarter of fiscal year 2022 is approximately $8.4 billion, an expected increase of 24 percent from the prior year period
- Broadcom has approved a quarterly cash dividend on its common stock of $4.10 per share.
- Broadcom’s Board of Directors has authorized the repurchase of up to $10 billion of its common stock under a new share repurchase program. The authorization is effective until December 31, 2022.
- As of October 31, 2021, Broadcom had 19,170 U.S. and other patents and 511 U.S. and other pending patent applications. The expiration dates of its patents range from 2020 to 2039, with a small number of patents expiring in the near future, none of which are expected to be material to its IP portfolio.