Broadcom Reports First Quarter 2014 Results

 

BROADCOM CORPORATION

Guidance for the Three Months Ending June 30, 2014



Three Months Ending


June 30, 2014

Total net revenue

~$2.0 billion to ~$2.1 billion

Product gross margin (GAAP)

Up ~100 to ~200 basis points from Q1'14

Product gross margin (Non-GAAP)

Up ~75 to ~175 basis points from Q1'14

Research & development and selling, general, and administrative expenses (GAAP)

Flat to up ~$20 million from Q1'14

Research & development and selling, general, and administrative expenses (Non-GAAP)

Down ~$5 million to up ~$15 million from Q1'14

 

Broadcom has based the preceding guidance for the three months ending June 30, 2014 on expectations, assumptions and estimates that we believe are reasonable given our assessment of historical trends and other information reasonably available as of April 24, 2014. 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.

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. 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

Chris Zegarelli

Vice President, Corporate Communications

Senior Director, Investor Relations

415-297-5035

949-926-7567

kkahn@broadcom.com

czegarel@broadcom.com

SOURCE Broadcom Corporation; BRCM Corporate

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



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