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we choose to reiterate our guidance for fiscal year 2024 consolidated revenue of $50 billion and adjusted EBITDA of 60%
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2024 Q1
8 Apr 24
We have decided to retain the Carbon Black business and merge Carbon Black with Symantec to form the enterprise security group.
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2024 Q1
8 Apr 24
Revenue for infrastructure software was $4.6 billion, up 153% year-on-year, primarily due to the contribution of VMware and represented 38% of revenue.
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2024 Q1
8 Apr 24
We now expect revenue from AI to be much stronger, representing some 35% of semiconductor revenue at over $10 billion
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2024 Q1
8 Apr 24
we told you in December, our revenue from AI would be 25% of our full year semiconductor revenue
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2024 Q1
8 Apr 24
We reiterate our guidance for semiconductor solutions revenue to be up mid- to high single-digit percentage year-on-year.
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2024 Q1
8 Apr 24
stronger-than-expected growth from AI more than offsetting the cyclical weakness in broadband and server storage
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2024 Q1
8 Apr 24
we're revising our outlook for fiscal '24 broadband revenue to be down 30% year-on-year from our prior guidance of down mid-teens year-on-year
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2024 Q1
8 Apr 24
We are seeing a cyclical trough this year for broadband as telco spending continues to weaken and do not expect improvement until late in the year.
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2024 Q1
8 Apr 24
broadband, Q1 revenue declined 23% year-on-year to $940 million and represented 13% of semiconductor revenue
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2024 Q1
8 Apr 24
fiscal '24 server storage revenue to decline in the mid-20 percentage range year-on-year compared to prior guidance for high teens percent decline year-on-year
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2024 Q1
8 Apr 24
weaker demand in the first half but expect recovery in the second half
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2024 Q1
8 Apr 24
Q1 server storage connectivity revenue was $887 million or 12% of semiconductor revenue, down 29% year-on-year
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2024 Q1
8 Apr 24
Q1 wireless revenue of $2 billion decreased 1% sequentially and declined 4% year-on-year, representing 27% of semiconductor revenue.
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2024 Q1
8 Apr 24
we now expect networking revenue to grow over 35% year-on-year compared to our prior guidance for 30% annual growth
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2024 Q1
8 Apr 24
For fiscal 2024
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2024 Q1
8 Apr 24
For fiscal 2024
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2024 Q1
8 Apr 24
This was largely driven by strong demand for our custom AI accelerators at our 2 hyperscale customers.
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2024 Q1
8 Apr 24
Q1 networking revenue of $3.3 billion grew 46% year-on-year, representing 45% of our semiconductor revenue.
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2024 Q1
8 Apr 24
our pending acquisition of VMware
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2023 Q3
3 Sep 23