Broadcom Reports Second Quarter 2012 Results

Tuesday, July 24th, 2012 
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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 second quarter ended June 30, 2012.

Net revenue for the second quarter of 2012 was $1.971 billion. This represents an increase of 7.9% compared with the $1.827 billion reported for the first quarter of 2012 and an increase of 9.7% compared with the $1.796 billion reported for the second quarter of 2011. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2012 was $160 million, or $.28 per share (diluted), compared with GAAP net income of $88 million, or $.15 per share (diluted), for the first quarter of 2012 and GAAP net income of $175 million, or $.31 per share (diluted), for the second quarter of 2011.

Non-GAAP net income for the second quarter of 2012 was $435 million, or $.72 per share (diluted), compared with non-GAAP net income of $387 million, or $.65 per share (diluted), for the first quarter of 2012 and non-GAAP net income of $420 million, or $.72 per share diluted, for the second quarter of 2011.