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BROADCOM Broadcom Inc. Announces Third Quarter Fiscal Year 2021 Financial Results and Quarterly Dividends September 2 , 2021 - Revenue of $ 6,778 million for the third quarter , up 16 percent from the prior year period - GAAP net income of $ 1,876 million for the third quarter ; Adjusted EBITDA of $ 4,123 million for the third quarter - GAAP diluted EPS of $ 4.20 for the third quarter ; Non - GAAP diluted EPS of $ 6.96 for the third quarter - $ 3,426 million of free cash flow from operations for the third quarter , defined as cash from operations of $ 3,541 million less capital expenditures of $ 115 million - Quarterly common stock dividend of $ 3.60 per share - Fourth quarter revenue guidance of approximately $ 7.35 billion , an expected increase of 14 percent from the prior year period - Fourth quarter Adjusted EBITDA guidance of approximately 61 percent of projected revenue ( 1 ) SAN JOSE , Calif . , Sept. 2 , 2021 / PRNewswire / -- Broadcom Inc. ( Nasdaq : AVGO ) , a global technology leader that designs , develops and supplies semiconductor and infrastructure software solutions , today reported financial results for its third quarter of fiscal year 2021 , ended August 1 , 2021 , provided guidance for the fourth quarter of its fiscal year 2021 and announced its quarterly dividends . " Broadcom delivered record revenues in the third quarter reflecting our product and technology leadership across multiple secular growth markets in cloud , 5G infrastructure , broadband , and wireless , " said Hock Tan , President and CEO of Broadcom Inc. " We are projecting the momentum to continue in the fourth quarter . " " Our business model continues to perform . Consolidated revenue grew 16 % year - over - year to $ 6.8 billion and operating profit increased 24 % with adjusted EBITDA margin a record 61 % , " said Kirsten Spears , CFO of Broadcom Inc. " We generated $ 3.4 billion in free cash flow or 51 % of revenue in the quarter , and we expect free cash flow to remain strong in the fourth quarter . " Third Quarter Fiscal Year 2021 Financial Highlights GAAP Non - GAAP ( Dollars in millions , except per share data ) Q3 21 Q3 20 Change Q3 21 Q3 20 Change Net revenue Net income $ 6,778 $ 5,821 + 16 % $ 6,778 $ 5,821 + 16 % $ 1,876 $ 688 + $ 1,188 $ 3,124 $ 2,435 + $ 689 $ 4.20 $ 1.45 + $ 2.75 $ 6.96 $ 5.40 + $ 1.56 Earnings per common share - diluted ( Dollars in millions ) Q3 21 Q3 20 Change Cash flow from operations $ 3,541 $ 3,178 + $ 363 Adjusted EBITDA $ 4,123 $ 3,342 + $ 781 Free cash flow $ 3,426 $ 3,073 + $ 353 Net revenue by segment ( Dollars in millions ) Q3 20 Change Semiconductor solutions $ 5,021 74 % $ 4,219 72 % + 19 % Infrastructure software 1,757 26 1,602 28 + 10 % Total net revenue $ 6,778100 % $ 5,821100 % Q3 21 The Company's cash and cash equivalents at the end of the fiscal quarter were $ 11,105 million , compared to $ 9,518 million at the end of the prior quarter . During the third fiscal quarter , the Company generated $ 3,541 million in cash from operations and spent $ 115 million on capital expenditures . On June 30 , 2021 , the Company paid a cash dividend of $ 3.60 per share of common stock , totaling $ 1,482 million and a cash dividend of $ 20.00 per share of mandatory convertible preferred stock , totaling $ 74 million . The differences between the Company's GAAP and non - GAAP results are described generally under " Non - GAAP Financial Measures " below , and presented in detail in the financial reconciliation tables attached to this release . Fourth Quarter Fiscal Year 2021 Business Outlook Based on current business trends and conditions , the outlook for the fourth quarter of fiscal year 2021 , ending October 31 , 2021 , is expected to be as follows : • Fourth quarter revenue guidance of approximately $ 7.35 billion ; and • Fourth quarter Adjusted EBITDA guidance of approximately 61 percent of projected revenue