Broadcom Reports Second Quarter 2010 Results

IRVINE, Calif. — Broadcom Corporation (Nasdaq: BRCM) today reported unaudited financial results for its second quarter ended June 30, 2010.

Net revenue for the second quarter of 2010 was a record $1.604 billion. This represents an increase in net revenue of 9.7% compared with the $1.462 billion reported for the first quarter of 2010 and an increase of 54.3% compared with the $1.040 billion reported for the second quarter of 2009. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2010 was $278 million, or $.52 per share (diluted), compared with GAAP net income of $210 million, or $.40 per share (diluted), for the first quarter of 2010, and GAAP net income of $13 million, or $.03 per share (diluted), for the second quarter of 2009.

Net revenue for the six months ended June 30, 2010 was $3.067 billion. This represents an increase in net revenue of 62.0% from the $1.893 billion reported for the six months ended June 30, 2009. Net income computed in accordance with GAAP for the six months ended June 30, 2010 was $488 million, or $.92 per share (diluted), compared with GAAP net loss of $79 million, or ($.16) per share (basic and diluted), for the six months ended June 30, 2009.

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