Broadcom Reports Second Quarter 2015 Results

 

BROADCOM CORPORATION

Guidance for the Three Months Ending September 30, 2015




Three Months Ending


September 30, 2015

Net revenue

~$2.135 billion +/- $75 million



Gross margin (GAAP)

53.8% +/- 75 basis points

Gross margin (Non-GAAP)

55.3% +/- 75 basis points



Research & development, and selling, general & administrative expenses

Down ~$10 million +/- $10 million from Q2'15

 

Broadcom has based the preceding guidance for the three months ending September 30, 2015 on expectations, assumptions and estimates that it believes are reasonable given its assessment of historical trends and other information reasonably available as of July 30, 2015. Broadcom's 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 Broadcom's 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 provided today. The non-GAAP guidance presented above is consistent with the presentation of non-GAAP results included elsewhere herein.

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

 





Corporate Communications

Investor Relations


Karen Kahn

T. Peter Andrew

Sameer Desai

Vice President, Corporate Communications

Vice President, Treasury and Investor Relations

Director, Investor Relations

415-297-5035

949-926-6932

949-926-4425

kkahn@broadcom.com

andrewtp@broadcom.com

sameerd@broadcom.com

 

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/broadcom-reports-second-quarter-2015-results-300121512.html

SOURCE Broadcom Corporation; BRCM Corporate

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



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