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Broadcom Inc's Customers Performance
AVGO
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AVGO's Source of Revenues |
Broadcom Inc's Corporate Customers have recorded an advance in their cost of revenue by 0.76 % in the 2 quarter 2024 year on year, sequentially costs of revenue grew by 4.04 %. During the corresponding time, Broadcom Inc recorded revenue increase by 47.27 % year on year, sequentially revenue grew by 4.68 %. While revenue at the Broadcom Inc 's corporate clients recorded rose by 1.32 % year on year, sequentially revenue grew by 2.26 %.
• List of AVGO Customers
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Broadcom Inc's Customers have recorded an advance in their cost of revenue by 0.76 % in the 2 quarter 2024 year on year, sequentially costs of revenue grew by 4.04 %, for the same period Broadcom Inc recorded revenue increase by 47.27 % year on year, sequentially revenue grew by 4.68 %.
• List of AVGO Customers
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Select the Relationship:
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Select the Category:
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Customers Net Income fell in Q2 by |
Customers Net margin fell to % |
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-8.87 % |
11.48 % |
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Customers Net Income fell in Q2 by -8.87 % |
Customers Net margin fell to 11.48 % 11.48 % |
Broadcom Inc's Comment on Sales, Marketing and Customers
We sell our products to leading wired and wireless communications manufacturers.
We have also established strategic relationships with multiservice operators
that provide wired and wireless communications services to consumers and businesses.
Our leading customers currently shipping wired and/or wireless communications
equipment and devices incorporating our products include:
• Alcatel-Lucent
• Huawei Technologies
• Apple
• Pace
• Arris
• Samsung
• Cisco
• Thomson
• Hewlett-Packard
• ZTE
A small number of customers have historically accounted for a substantial portion
of our net revenue. Contributions to our net revenue by these customers have
increased in the last several years. Sales to our five largest customers represented
48.3%. Sales to Samsung represented 21.3%. Sales to Apple represented 13.3%.
Due largely to the location of our customers and their fabrication facilities,
the majority of our products are shipped internationally to customers through
our distribution center in Singapore and a smaller portion domestically via
an operations and distribution center in Irvine, California. Net product revenue
derived from actual shipments to international destinations, primarily in Asia
represented 96.4%.
Our sales and marketing strategy is to achieve design wins with technology
leaders by providing quality, state-of-the-art products, superior engineering
execution, and superior sales, field application and engineering support. We
market and sell our products in the United States through a direct sales force,
distributors and manufacturers’ representatives. The majority of our domestic
sales occur through our direct sales force, which is based in offices located
in California and throughout the United States. We market and sell our products
internationally through regional offices primarily in Asia, Europe and North
America, as well as through a network of independent and fulfillment distributors
and representatives in Asia, Australia, Europe and North America. We or our
customers select these independent entities based on their ability to provide
effective field sales, marketing communications and technical support to our
customers.
News about Broadcom Inc Contracts |
Broadcom Extends Technology Leadership in AI Optical Components, WatchTower Platform, and Software-Defined Edge Innovations at Mobile World Congress 2024BARCELONA, Spain, Feb. 27, 2024 - At the recent Mobile World Congress 2024, Broadcom Inc., a leading technology company, made several significant announcements regarding its advancements in various sectors. Alongside impressive innovations in AI optical components, the company also unveiled its groundbreaking WatchTower Platform for mainframe observability and presented product innovations across its Software-Defined Edge portfolio for telcos and enterprises.Broadcom's leadership in the AI optical components industry was reinforced with the introduction of i...
|
Broadcom Inc. continues to push the boundaries of AI workload scaling with its groundbreaking PCI Express (PCIe) Gen5/Gen6 Retimers. These pioneering solutions offer unparalleled efficiency and the lowest power options, reinforcing the interconnectivity of AI infrastructure. However, the company has faced certain challenges concerning its corporate clients' revenue and cost of revenue, prompting an evaluation of the prevailing business conditions. This article aims to outline these facts, assess their impact on Broadcom, and delve further into the company's performance.Assessing Revenue and Cost of Revenue:During the third quarter of 2023, Broadcom Inc.'s corporate customers experienced an impressive 8.27% i...
|
Broadcom Unveils Innovative Edge Solutions at Mobile World Congress 2024, Amid Challenging Market ConditionsBroadcom Inc. recently announced exciting developments in its Software-Defined Edge portfolio at the Mobile World Congress 2024 in Barcelona. These new innovations are aimed at helping Communications Service Providers (CSPs) modernize their networks and enabling enterprises to leverage automation and advanced observability at the edge.The advancements come on the heels of Broadcom Inc.'s acquisition of VMware, a leading provider of transformational software solutions. The collaboration between the two companies has resulted in significant progress across various domains, including 5G, SD-WAN, SASE, and...
|
Broadcom, a leading global technology company, and Google Cloud have recently announced an exciting partnership that will bring license portability support to customers utilizing VMware Cloud Foundation on Google Cloud VMware Engine. This collaboration allows customers to deploy their own VMware Cloud Foundation subscriptions on Google Cloud VMware Engine while maintaining their license entitlements.The new offering from Broadcom and Google Cloud provides customers with the flexibility and convenience of seamlessly deploying their VMware Cloud Foundation subscriptions on Google Cloud VMware Engine. This means that customers can easily migrate their existing VMware workloads to Google Cloud without having to ...
|
Broadcom recently unveiled the groundbreaking Trident 5-X12 switch, a game-changing advancement in networking technology. This cutting-edge switch not only doubles bandwidth capacity but also reduces power consumption by 25%. In addition to these impressive features, the Trident 5-X12 introduces an on-chip neural network that enables next-generation telemetry, security, and traffic engineering.
The release of the Trident 5-X12 comes at a critical time for Broadcom as the company faces both revenue challenges and growth opportunities. In the second quarter, Broadcom's corporate clients experienced a 5.32% reduction in their costs of revenue compared to the previous year. However, sequentially, costs ...
|
Broadcom Inc. and VMware, Inc. announced that they have successfully obtained all necessary regulatory approvals and are set to close Broadcom's acquisition of VMware on November 22, 2023. Concurrently, Broadcom's corporate clients have witnessed a reduction in costs of revenue, while recording steady revenue growth. However, certain industries, such as Miscellaneous Fabricated Products, Appliance and Tool, and Legal Cannabis, have experienced significant revenue declines, posing challenges for Broadcom and its business clients.
1. Acquisition of VMware:
Broadcom Inc. (NASDAQ: AVGO) and VMware, Inc. (NYSE: VMW) have announced that they have received legal merger clearance and intend to...
|
Broadcom Inc's Comment on Sales, Marketing and Customers
We sell our products to leading wired and wireless communications manufacturers.
We have also established strategic relationships with multiservice operators
that provide wired and wireless communications services to consumers and businesses.
Our leading customers currently shipping wired and/or wireless communications
equipment and devices incorporating our products include:
• Alcatel-Lucent
• Huawei Technologies
• Apple
• Pace
• Arris
• Samsung
• Cisco
• Thomson
• Hewlett-Packard
• ZTE
A small number of customers have historically accounted for a substantial portion
of our net revenue. Contributions to our net revenue by these customers have
increased in the last several years. Sales to our five largest customers represented
48.3%. Sales to Samsung represented 21.3%. Sales to Apple represented 13.3%.
Due largely to the location of our customers and their fabrication facilities,
the majority of our products are shipped internationally to customers through
our distribution center in Singapore and a smaller portion domestically via
an operations and distribution center in Irvine, California. Net product revenue
derived from actual shipments to international destinations, primarily in Asia
represented 96.4%.
Our sales and marketing strategy is to achieve design wins with technology
leaders by providing quality, state-of-the-art products, superior engineering
execution, and superior sales, field application and engineering support. We
market and sell our products in the United States through a direct sales force,
distributors and manufacturers’ representatives. The majority of our domestic
sales occur through our direct sales force, which is based in offices located
in California and throughout the United States. We market and sell our products
internationally through regional offices primarily in Asia, Europe and North
America, as well as through a network of independent and fulfillment distributors
and representatives in Asia, Australia, Europe and North America. We or our
customers select these independent entities based on their ability to provide
effective field sales, marketing communications and technical support to our
customers.
AVGO's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Broadcom Inc |
753,867.21 |
46,815.00 |
5,095.00 |
20,000 |
| Coda Octopus Group Inc |
79.69 |
16.96 |
2.76 |
0 |
| Leonardo Drs Inc |
7,494.14 |
3,070.00 |
188.00 |
10,000 |
| Ubiquiti Inc |
12,550.81 |
1,927.76 |
349.96 |
1,377 |
| Nokia Corp |
23,743.33 |
27,900.32 |
4,770.08 |
87,297 |
| At and t Inc |
153,749.28 |
122,197.00 |
14,108.00 |
160,700 |
| Lumen Technologies inc |
6,292.35 |
14,278.00 |
-11,182.00 |
36,000 |
| Crane Company |
9,002.69 |
1,904.00 |
389.80 |
0 |
| Honeywell International Inc |
133,268.14 |
37,334.00 |
5,798.00 |
97,000 |
| Verizon Communications Inc |
185,470.74 |
134,243.00 |
11,735.00 |
117,100 |
| Frontier Communications Parent Inc |
8,793.45 |
5,804.00 |
-94.00 |
17,600 |
| Comcast corporation |
158,220.83 |
121,114.00 |
14,767.00 |
186,000 |
| Eaton Corporation Plc |
131,896.92 |
24,090.00 |
3,655.00 |
91,924 |
| Beam Therapeutics Inc |
2,015.92 |
81.55 |
-313.67 |
0 |
| Sai tech Global Corporation |
14.42 |
10.64 |
-8.85 |
0 |
| T mobile Us Inc |
234,067.39 |
79,096.00 |
9,455.00 |
71,000 |
| Science applications International corporation |
6,907.56 |
7,557.00 |
116.00 |
13,000 |
| Leidos Holdings Inc |
21,207.16 |
16,008.00 |
441.00 |
45,000 |
| Air Industries Group |
21.79 |
53.13 |
-2.10 |
379 |
| Astronics Corporation |
765.73 |
717.86 |
-30.63 |
2,000 |
| Aerovironment Inc |
4,933.48 |
753.74 |
59.00 |
663 |
| Cpi Aerostructures Inc |
40.55 |
83.11 |
16.64 |
0 |
| Kratos Defense and Security Solutions inc |
3,593.44 |
1,124.10 |
17.80 |
3,600 |
| Ducommun Incorporated |
973.21 |
774.48 |
22.90 |
3,150 |
| Ies Holdings Inc |
3,393.26 |
2,757.61 |
208.03 |
3,106 |
| Visionary Holdings Inc |
9.37 |
9.38 |
0.97 |
418 |
| Sifco Industries Inc |
27.41 |
100.03 |
-8.04 |
465 |
| Addvantage Technologies Group Inc |
5.13 |
55.39 |
-8.80 |
178 |
| Alarm com Holdings Inc |
3,032.40 |
905.18 |
106.45 |
784 |
| Everbridge Inc |
1,534.55 |
450.00 |
-11.85 |
581 |
| Xti Aerospace Inc |
3.48 |
0.00 |
0.00 |
0 |
| Apple Inc |
3,512,736.81 |
385,603.00 |
101,956.00 |
164,000 |
| American Tower Corporation |
108,670.20 |
11,339.70 |
2,420.70 |
6,391 |
| Crown Castle Inc |
50,098.95 |
6,608.00 |
1,191.00 |
5,000 |
| Microsoft Corporation |
3,273,504.78 |
218,310.00 |
77,096.00 |
221,000 |
| Motorola Solutions inc |
74,729.34 |
10,421.00 |
1,469.00 |
20,000 |
| Te Connectivity Ltd |
46,009.04 |
15,812.00 |
3,469.00 |
92,000 |
| Cisco Systems Inc |
209,000.31 |
53,803.00 |
10,320.00 |
83,300 |
| Ciena Corp |
8,428.03 |
4,020.33 |
138.13 |
5,161 |
| Hp inc |
34,471.80 |
53,285.00 |
2,813.00 |
58,000 |
| International Business Machines Corporation |
199,858.82 |
62,365.00 |
8,431.00 |
311,300 |
| Netapp Inc |
25,336.88 |
6,101.00 |
692.00 |
12,000 |
| Aptiv Plc |
18,840.86 |
19,985.00 |
3,723.00 |
160,000 |
| Agilent Technologies inc |
41,307.45 |
6,511.00 |
1,176.00 |
18,100 |
| Dell Technologies Inc |
85,156.77 |
105,715.00 |
3,185.00 |
133,000 |
| Qualcomm Inc |
197,225.28 |
37,348.00 |
8,712.00 |
51,000 |
| Teradyne Inc |
21,980.11 |
2,737.53 |
504.00 |
6,500 |
| Corning Inc |
38,506.00 |
12,393.00 |
501.00 |
57,500 |
| Danaher Corporation |
205,221.63 |
21,105.00 |
4,203.00 |
81,000 |
| Lockheed Martin Corporation |
135,395.68 |
71,069.00 |
6,736.00 |
116,000 |
| General Dynamics Corporation |
84,595.29 |
44,946.00 |
3,545.00 |
106,500 |
| The Boeing Company |
95,474.25 |
73,557.00 |
-3,462.00 |
156,000 |
| Textron Inc |
17,063.30 |
13,897.00 |
927.00 |
34,000 |
| Amphenol Corporation |
82,585.32 |
13,391.30 |
2,118.20 |
91,000 |
| Juniper Networks Inc |
12,961.99 |
5,100.40 |
233.70 |
10,901 |
| Intel Corporation |
90,204.38 |
55,121.00 |
879.00 |
131,900 |
| Elbit Systems Ltd |
8,564.79 |
5,974.74 |
215.86 |
11,851 |
| Preformed Line Products Company |
595.81 |
693.21 |
73.52 |
2,744 |
| Avnet Inc |
4,692.18 |
23,796.65 |
466.53 |
18,800 |
| Optical Cable Corporation |
20.63 |
63.95 |
-5.85 |
342 |
| Belden Inc |
4,537.80 |
2,318.06 |
197.18 |
8,200 |
| Commscope Holding Company Inc |
1,186.64 |
7,836.40 |
-2,034.60 |
20,000 |
| Kaman Corporation |
1,305.29 |
775.85 |
7.95 |
5,258 |
| Avid Technology Inc |
1,195.41 |
413.46 |
12.95 |
1,522 |
| Applied Optoelectronics Inc |
522.76 |
206.15 |
-72.10 |
3,054 |
| Commonwealth Income and Growth Fund V |
0.00 |
0.16 |
-0.12 |
45 |
| Commonwealth Income and Growth Fund Vi |
0.00 |
0.22 |
-0.16 |
45 |
| Commonwealth Income and Growth Fund Vii Lp |
0.00 |
1.37 |
-0.23 |
45 |
| Lear Corp |
6,296.94 |
23,629.20 |
616.40 |
136,200 |
| Stoneridge Inc |
346.49 |
981.19 |
-4.16 |
4,100 |
| Irobot Corporation |
210.73 |
810.10 |
-204.84 |
622 |
| Universal Electronics Inc |
111.34 |
385.51 |
-43.31 |
2,309 |
| Electronic Systems Technology Inc |
1.24 |
1.34 |
-0.28 |
11 |
| Ieh Corp |
22.53 |
21.70 |
-2.95 |
160 |
| Richardson Electronics Ltd |
149.97 |
247.37 |
17.24 |
373 |
| Tessco Technologies Incorporated |
83.15 |
452.06 |
-4.35 |
786 |
| Raven Industries Inc |
2,090.89 |
437.77 |
41.32 |
941 |
| Uas Drone Corp |
3.62 |
0.00 |
-0.82 |
0 |
| Arrow Electronics inc |
7,020.23 |
29,673.30 |
588.97 |
18,700 |
| Encore Wire Corp |
4,678.89 |
2,436.51 |
243.90 |
1,253 |
| Nacco Industries Inc |
192.32 |
208.14 |
-37.26 |
3,600 |
| Cleartronic Inc |
17.33 |
2.74 |
0.08 |
8 |
| Duo World Inc |
0.55 |
0.06 |
0.64 |
100 |
| Falconstor Software Inc |
9.40 |
10.27 |
-1.20 |
81 |
| Twilio Inc |
10,298.44 |
4,238.50 |
-594.32 |
996 |
| Cts Corporation |
1,481.96 |
568.01 |
60.15 |
322 |
| Emcore Corporation |
9.68 |
83.47 |
-81.94 |
364 |
| Semileds Corp |
6.44 |
5.98 |
-2.69 |
187 |
| Tesla Inc |
849,085.52 |
95,318.00 |
12,459.00 |
127,855 |
| Adtran Holdings Inc |
431.14 |
820.74 |
-117.36 |
2,060 |
| Maxlinear Inc |
1,176.19 |
446.94 |
-189.90 |
753 |
| Neophotonics Corp |
898.08 |
348.63 |
-6.59 |
1,783 |
| Osi Systems inc |
2,521.23 |
1,538.46 |
128.15 |
6,928 |
| Plexus Corp |
3,553.92 |
3,934.33 |
110.86 |
16,000 |
| Pixelworks Inc |
43.98 |
60.70 |
-26.68 |
215 |
| Rubicon Technology Inc |
3.23 |
3.59 |
0.94 |
20 |
| Viavi Solutions Inc |
1,780.20 |
999.90 |
-25.80 |
3,500 |
| Alpine 4 Holdings Inc |
9.36 |
103.73 |
-56.75 |
0 |
| Amplitech Group Inc |
8.23 |
13.77 |
-6.54 |
5 |
| Aviat Networks Inc |
283.82 |
383.97 |
13.65 |
704 |
| Clearfield Inc |
563.15 |
168.47 |
-8.93 |
230 |
| Clearone Inc |
13.90 |
14.46 |
-3.43 |
151 |
| Ericsson Lm Telephone Co |
24,475.50 |
28,310.22 |
-2,806.18 |
101,332 |
| Ceragon Networks Ltd |
223.96 |
347.18 |
6.22 |
905 |
| Dzs Inc |
22.06 |
166.95 |
-55.43 |
629 |
| Franklin Wireless Corp |
47.14 |
41.68 |
-3.94 |
67 |
| Harmonic Inc |
1,563.26 |
553.49 |
56.73 |
1,244 |
| Infinera Corporation |
1,558.42 |
1,480.43 |
-114.56 |
2,145 |
| Iteris inc |
312.63 |
174.12 |
1.40 |
0 |
| Pineapple Energy Inc |
0.92 |
63.09 |
-7.13 |
0 |
| Lumentum Holdings Inc |
3,922.42 |
1,274.50 |
-140.80 |
2,930 |
| Lightwave Logic Inc |
326.89 |
0.00 |
-22.32 |
10 |
| Netgear Inc |
606.42 |
800.31 |
-109.14 |
1,008 |
| Parkervision Inc |
36.36 |
0.07 |
-6.05 |
45 |
| George Risk Industries Inc |
78.67 |
20.02 |
6.65 |
175 |
| Bk Technologies Corporation |
70.25 |
56.65 |
2.04 |
113 |
| Seachange International Inc |
17.04 |
27.58 |
-5.15 |
286 |
| Technical Communications Corporation |
0.26 |
0.35 |
-2.30 |
23 |
| Utstarcom Holdings Corp |
27.17 |
14.05 |
-5.00 |
481 |
| Minim Inc |
8.29 |
15.50 |
-11.71 |
0 |
| Amdocs Limited |
10,387.87 |
4,887.55 |
542.96 |
31,000 |
| Okta Inc |
12,889.59 |
2,452.00 |
-136.00 |
5,030 |
| Cyberark Software Ltd |
11,141.08 |
751.89 |
-66.50 |
2,400 |
| Bandwidth Inc |
512.13 |
660.67 |
7.00 |
1,100 |
| Quantum Computing Inc |
44.23 |
0.36 |
-27.02 |
25 |
| Zenvia Inc |
61.36 |
153.44 |
-11.55 |
1,085 |
| Ironnet Inc |
0.34 |
27.54 |
-242.65 |
316 |
| Rockley Photonics Holdings Limited |
25.06 |
3.25 |
-224.04 |
302 |
| Audiocodes ltd |
290.52 |
244.38 |
8.78 |
885 |
| Super Micro Computer Inc |
26,857.63 |
11,816.77 |
1,048.99 |
0 |
| Hewlett Packard Enterprise Company |
24,375.60 |
29,020.00 |
1,855.00 |
60,200 |
| Quantum Corp |
345.84 |
382.21 |
-29.69 |
905 |
| Pure Storage Inc |
16,924.87 |
2,931.49 |
148.25 |
4,200 |
| Extreme Networks Inc |
2,000.61 |
1,366.97 |
94.17 |
2,643 |
| Digi International Inc |
986.00 |
430.99 |
17.01 |
790 |
| Bos Better Online Solutions Ltd |
16.95 |
43.21 |
2.01 |
85 |
| Methode Electronics Inc |
408.05 |
1,162.90 |
102.20 |
7,000 |
| Aehr Test Systems |
358.20 |
65.54 |
33.16 |
79 |
| Snap One Holdings Corp |
820.87 |
1,055.02 |
-17.85 |
1,492 |
| Transcat Inc |
1,180.67 |
265.59 |
15.11 |
812 |
| Cambium Networks Corp |
52.06 |
264.41 |
-14.56 |
573 |
| Senseonics Holdings Inc |
252.86 |
17.93 |
-83.69 |
89 |
| Casa Systems Inc |
3.41 |
249.41 |
-107.17 |
1,004 |
| Ondas Holdings Inc |
51.11 |
9.72 |
-27.06 |
74 |
| R F Industries Ltd |
38.88 |
61.16 |
-7.21 |
344 |
| Rtx Corporation |
163,780.50 |
72,417.00 |
2,458.00 |
182,000 |
| Nova Ltd |
6,125.67 |
517.92 |
136.31 |
819 |
| SUBTOTAL |
11,011,726.97 |
2,289,995.13 |
311,503.55 |
3,900,743 |
|
14.05 % 