Broadcom's recent earnings reveal a significant revenue hike of 25% year-on-year, largely attributed to its acquisition of VMware. In Q1 2025, Broadcom reported $14.92 billion in revenue and a staggering net income increase of 315%. The integration of VMware has transformed Broadcom's software business, with revenues in this unit climbing to $6.7 billion. Particularly noteworthy is the adoption of VMware Cloud Foundation by 70% of Broadcom's largest 10,000 customers, indicating the success of the subscription model over traditional licenses, leading to larger revenue from existing customers.
Broadcom's Cloud Foundation stack garnered strong interest, with approximately 70 percent of its top 10,000 customers adopting it, significantly boosting revenue.
The company's software revenue surged from $1.97 billion in Q4 2023 to $6.7 billion in Q1 2025, heavily influenced by the VMware acquisition.
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