Broadcom Reports First Quarter 2012 Results

IRVINE, Calif. — Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today reported unaudited financial results for its first quarter ended March 31, 2012.

Net revenue for the first quarter of 2012 was $1.827 billion. This represents an increase of 0.4% compared with the $1.820 billion reported for the fourth quarter of 2011 and an increase of 0.6% compared with the $1.816 billion reported for the first quarter of 2011. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the first quarter of 2012 was $88 million, or $.15 per share (diluted), compared with GAAP net income of $254 million, or $.45 per share (diluted), for the fourth quarter of 2011 and GAAP net income of $228 million, or $.40 per share (diluted), for the first quarter of 2011.