Broadcom Inc. (NASDAQ:AVGO) shares were trading more than 7% higher Friday afternoon, following the company’s reported Q4 results, with EPS coming in at $7.81, beating the consensus estimate of $7.41.

The company provided its Q1/22 outlook, expecting revenue of $7.6 billion, which is better than the consensus estimate of $7.25 billion. The outlook was led by a seasonality-bucking continuation of quarter-over-quarter growth in the company’s semiconductor segment (specifically in Wireless) as well as accelerating year-over-year trends in Enterprise.

The company also announced an increase in its quarterly common stock dividend by 14% to $4.10 per share and a much larger-than-expected share purchase plan of $10 billion.