On January 30, 2024, Broadcom Inc. received a letter from the United States Securities and Exchange Commission (SEC) regarding its recent financial filings. The SEC's review was limited to the financial statements and related disclosures, particularly focusing on the presentation of non-GAAP financial measures in Broadcom's Form 10-K filed on December 14, 2023, and Form 8-K filed on December 7, 2023. The SEC has requested that Broadcom revise its future filings to ensure that the most directly comparable GAAP measures are presented with equal or greater prominence. Specifically, the SEC noted that Broadcom's presentation of Adjusted EBITDA, Adjusted EBITDA Margin, and Non-GAAP diluted EPS did not adequately compare to the GAAP measures Net Income, Net Income Margin, and GAAP diluted EPS. The SEC has asked Broadcom to respond within ten business days with the requested revisions or to provide a timeline for when they will respond. The letter also reminds Broadcom that the company and its management are responsible for the accuracy and adequacy of their disclosures.

On January 30, 2024, Broadcom Inc. received a letter from the United States Securities and Exchange Commission (SEC) regarding its recent financial filings. The SEC's review was limited to the financial statements and related disclosures, particularly focusing on the presentation of non-GAAP financial measures in Broadcom's Form 10-K filed on December 14, 2023, and Form 8-K filed on December 7, 2023. The SEC has requested that Broadcom revise its future filings to ensure that the most directly comparable GAAP measures are presented with equal or greater prominence. Specifically, the SEC noted that Broadcom's presentation of Adjusted EBITDA, Adjusted EBITDA Margin, and Non-GAAP diluted EPS did not adequately compare to the GAAP measures Net Income, Net Income Margin, and GAAP diluted EPS. The SEC has asked Broadcom to respond within ten business days with the requested revisions or to provide a timeline for when they will respond. The letter also reminds Broadcom that the company and its management are responsible for the accuracy and adequacy of their disclosures.