Wednesday, July 19, 2006

Broadcom Reports Revenue of $941.1 million, up 56% YoY

Broadcom reported record revenue for the second quarter of 2006 of $941.1 million, an increase of 4.5% from the $900.6 million reported for the first quarter of 2006 and an increase of 55.6% from the $604.9 million reported for the second quarter of 2005.

Broadcom said that due to the pending equity award review and restatements, it appears unlikely that it will be able to file its Quarterly Report on Form 10-Q for the period ended June 30, 2006 with the SEC by the due date of August 9, 2006.

The company does not expect to be in a position to announce additional financial results for the second quarter until its Audit Committee and Ernst & Young LLP have completed their equity award reviews and audit procedures, respectively, appropriate accounting adjustments and restated financial statements have been finalized for the first quarter of 2006 and prior periods, and amended Reports on Forms 10-K and 10-Q have been filed with the Securities and Exchange Commission (SEC) for the periods ended December 31, 2005 and March 31, 2006, respectively.


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