Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $23,888 | $27,450 | $33,203 | $35,819 | $51,574 |
| Gross Profit | $13,516 | $16,844 | $22,095 | $24,690 | $32,509 |
| Operating Income | $4,014 | $8,519 | $14,225 | $16,207 | $13,463 |
| Net Income | $2,960 | $6,736 | $11,495 | $14,082 | $5,895 |
Over the five-year period, Broadcom’s top-line performance has been notably strong, with revenue rising from USD 23.9 billion in 2020 to USD 51.6 billion in 2024. Gross profit similarly followed an upward trend, growing from USD 13.5 billion to USD 32.5 billion over the same period. Operating income experienced robust increases early on, surging from USD 4.0 billion in 2020 to a peak of USD 16.2 billion in 2023, before falling to USD 13.5 billion in 2024. Net income also improved significantly from USD 2.96 billion in 2020, reaching a high of USD 14.1 billion in 2023, but then it experienced a sharp decline to USD 5.9 billion in 2024—a drop of over 58% compared to the previous year. The marked divergence between the continued growth in revenue and gross profit versus the decline in operating income and net income in 2024 suggests potential operational pressures or margin compression. This could be attributed to rising costs, increased expense lines, or possibly one-off charges impacting overall profitability. Given Broadcom’s critical role in the semiconductor and technology sectors, such fluctuations might reflect broader industry challenges and shifts in market demand, as well as internal adjustments aimed at long-term strategic positioning. Overall, while the company’s revenue and gross profit trends suggest a resilient business with strong market demand, the significant year-over-year decline in net income and operating income in 2024 warrants further scrutiny to assess whether these impacts are transient or indicative of a more sustained shift in operating performance.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.