Broadcom’s Revenues to Surge 44% in 2024 Driven by VMware Acquisition

U.S. semiconductor and infrastructure software solutions provider, Broadcom (NASDAQ: AVGO), is poised for robust revenue growth in 2024, primarily fueled by its infrastructure software revenue segment. Based on Visible Alpha consensus, Broadcom’s revenue in 2024 is expected to grow +44% year over year, driven by a notable +179% surge in infrastructure software revenue. This substantial growth is largely attributed to the significant contribution from VMware, a cloud computing firm that Broadcom acquired in November last year.

While semiconductor solutions remain Broadcom’s largest revenue segment, accounting for approximately 59% of the company’s total revenue in 2024, the share of revenue from infrastructure solutions is expected to grow from 21% last year to about 41% in 2024.