Broadcom tops consensus in FQ2, authorizes a new $10B buyback program, acquires VMware
Broadcom press release  (NASDAQ:AVGO): FQ2  Non-GAAP EPS of $9.07  beats by $0.35.
Revenue of $8.1B (+22.5% Y/Y)  beats by $190M.
Shares +1.6% pre-market.

Q3 Outlook: RevenueÂ of approximately $8.4B vs. consensus of $7.97B; Adjusted EBITDA of approximately 63.5% of projected revenue.
The company's Board of Directors has authorized a new share repurchase program to repurchase up to $10B of common stock through December 31, 2023.
In a separate release, the company has agreed to acquire VMware (VMW) for about $61B in cash and stock.