VMware, Inc.

NYSE:VMW Stock Report

Market Cap: US$61.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

VMware Past Earnings Performance

Past criteria checks 1/6

VMware's earnings have been declining at an average annual rate of -16.8%, while the Software industry saw earnings growing at 13% annually. Revenues have been growing at an average rate of 8.5% per year. VMware's return on equity is 56%, and it has net margins of 10.5%.

Key information

-16.8%

Earnings growth rate

-17.2%

EPS growth rate

Software Industry Growth17.3%
Revenue growth rate8.5%
Return on equity56.0%
Net Margin10.5%
Last Earnings Update04 Aug 2023

Recent past performance updates

Recent updates

VMware: What China Might Ask Of Broadcom Is Concerning Markets

Oct 17

VMware: Subscription Revenue Status And Regulatory Update

Jul 12

VMware: Still Solid, Acquisition Or Not

Feb 15

Broadcom to face in-depth European probe into VMware deal - report

Dec 08

Broadcom said to file request for European antitrust approval for VMware - report

Nov 15

VMware opens research and innovation center in Montreal

Oct 11

Favorable Odds On Broadcom's Acquisition Of VMware

Sep 12

VMware's vSphere 8 Brings DPUs From AMD, Intel, And Nvidia To Life

Sep 01

VMware Q2 2023 Earnings Preview

Aug 25

Profit From The Broadcom Takeover Of VMware

Aug 17

VMWare said not to get rival offer in go-shop period for Broadcom deal

Jul 05

VMware Q1 Earnings Preview: Are They Executing The Multi-Cloud Strategy As Planned?

May 25

VMware: Don't Let Short-Term Movements Distract You

Apr 05

VMware Struggles Today To Bloom Tomorrow

Mar 12

Revenue & Expenses Breakdown

How VMware makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:VMW Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
04 Aug 2313,6111,4265,4643,422
05 May 2313,5391,2965,4893,390
03 Feb 2313,3501,3145,4343,317
28 Oct 2213,1661,4065,3743,215
29 Jul 2213,1431,5735,3233,151
29 Apr 2212,9451,6375,2443,123
28 Jan 2212,8511,8205,1353,057
29 Oct 2112,6142,0254,9443,009
30 Jul 2112,2902,0614,8512,955
30 Apr 2112,0272,0974,7472,859
29 Jan 2111,7672,0584,7152,816
30 Oct 2011,5461,5894,8582,734
31 Jul 2011,3381,5624,8822,662
01 May 2011,0956,4184,8192,597
31 Jan 2010,8116,4124,7332,522
01 Nov 1910,9685,8204,8122,586
02 Aug 1910,5125,7474,5102,443
03 May 1910,0551,0884,2782,310
01 Feb 199,6131,6504,0762,173
02 Nov 188,6091,5343,4951,890
03 Aug 188,3471,5953,4081,840
04 May 188,1051,3563,3051,787
02 Feb 188,3364373,4451,917
03 Feb 176,144-603,7321,800
31 Dec 167,0731,2232,9961,503
30 Sep 166,9281,1192,8881,451
30 Jun 166,8211,0552,9031,393
31 Mar 166,7259622,9401,351
31 Dec 156,6479973,0331,300
30 Sep 156,4819492,8711,261
30 Jun 156,3268882,8741,256
31 Mar 156,1868832,7601,251
31 Dec 146,0358862,6951,239
30 Sep 145,8168952,6761,221
30 Jun 145,5899622,4691,160
31 Mar 145,3761,0402,3251,104
31 Dec 135,2071,0142,2341,082
30 Sep 135,0178852,1871,065
30 Jun 134,8627812,1381,060
31 Mar 134,7417282,0831,048
31 Dec 124,6057462,013999

Quality Earnings: VMW has high quality earnings.

Growing Profit Margin: VMW's current net profit margins (10.5%) are lower than last year (11.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VMW's earnings have declined by 16.8% per year over the past 5 years.

Accelerating Growth: VMW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VMW had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Software industry average (23%).

Return on Equity

High ROE: Whilst VMW's Return on Equity (55.99%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/11/23 19:18
End of Day Share Price 2023/11/21 00:00
Earnings2023/08/04
Annual Earnings2023/02/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VMware, Inc. is covered by 66 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam ShepherdArete Research Services LLP
Christopher HickeyAtlantic Equities LLP
Jayson NolandBaird