Broadcom Reports Fourth Quarter and Full Year 2014 Results

 

BROADCOM CORPORATION

Guidance for the Three Months Ending March 31, 2015




Three Months Ending

March 31, 2015

Total net revenue (GAAP)

~$2.00 billion +/- $75 million



Gross margin (GAAP)

52.8% +/- 75 basis points

Gross margin (Non-GAAP*)

54.7% +/- 75 basis points



Research & development and selling, general,

and administrative expenses *

Up ~$5 million to ~$25 million from Q4'14

* Includes stock-based compensation expense.

 

Broadcom has based the preceding guidance for the three months ending March 31, 2015 on expectations, assumptions and estimates that we believe are reasonable given our assessment of historical trends and other information reasonably available as of January 29, 2015. Our guidance consists of predictions only, however, and is subject to a wide range of known and unknown business risks and uncertainties, many of which are beyond our control. The forecasts and projections contained in the table above should not be regarded as representations by Broadcom that the estimated results will be achieved. Projections and estimates are necessarily speculative in nature and actual results may vary materially from the guidance we provide today. The non-GAAP guidance presented above is consistent with the presentation of non-GAAP results included elsewhere herein, which now includes stock-based compensation expense.

The guidance set forth in the above table should be read together with the information under the caption, "Cautions Regarding Forward-Looking Statements" above, our Annual Report on Form 10-K for the year ended December 31, 2013, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and our other SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2014 when it is filed. We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein, to reflect future events or circumstances.




Broadcom Business Press Contact

Broadcom Investor Relations Contact

Karen Kahn

T. Peter Andrew

Vice President, Corporate Communications

Vice President, Treasury and Investor Relations

415-297-5035

949-926-6932

kkahn@broadcom.com

andrewtp@broadcom.com

 

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/broadcom-reports-fourth-quarter-and-full-year-2014-results-300028051.html

SOURCE Broadcom Corporation; BRCM Corporate

Contact:
Broadcom Corporation
BRCM Corporate
Web: http://www.broadcom.com



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