AVGO

Broadcom
D

AVGO

Arincen90/100B

Broadcom financials

Yes. Broadcom earned 38.27B USD of net income over the last twelve months, 42.9% of its revenue. It made a profit in 16 of its 20 fiscal years since 2006. Its last loss was in fiscal year 2016.

Revenue (TTM)
89.10B USD
Net income (TTM)
38.27B USD
Free cash flow (TTM)
39.40B USD
Cash and short-term investments
23.98B USD
Total debt
59.42B USD
Shareholders' equity
99.69B USD

Cash, debt and equity as of 2 Aug 2026.

Broadcom earnings

Next earnings · Q4 FY2026
EPS estimate
3.82 USD
Revenue estimate
34.90B USD
Last quarter · Q3 FY2026
EPS3.32Beat +3.1%Revenue29.59BBeat +1.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20274.97——+49.63%44.75B——+51.23%
Q2 FY20274.48——+83.50%40.46B——+82.34%
Q1 FY20274.09——+99.46%37.05B——+91.85%
Q4 FY20263.82——+95.90%34.90B——+93.71%
Q3 FY20263.223.32+3.11%+96.45%29.24B29.59B+1.20%+85.50%
Q2 FY20262.402.44+1.67%+54.43%22.13B22.19B+0.26%+47.87%
Q1 FY20262.032.05+0.99%+28.12%19.26B19.31B+0.28%+29.47%
Q4 FY20251.871.95+4.28%+37.32%17.47B18.02B+3.14%+28.18%
Q3 FY20251.661.69+1.81%+36.29%15.83B15.95B+0.80%+22.03%
Q2 FY20251.571.58+0.64%+43.64%14.96B15.00B+0.31%+20.16%

Broadcom growth and profitability

Full income statement
Revenue (TTM)
89.10B USD
Net income (TTM)
38.27B USD
Gross margin
68.77%
Operating margin
48.05%
Net margin
42.94%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202563.89B+23.87%23.13B+292.30%67.77%39.89%36.20%34.71B+45.37%
FY202451.57B+43.99%5.90B-58.14%63.03%26.10%11.43%23.88B+16.18%
FY202335.82B+7.88%14.08B+22.51%68.93%45.25%39.31%20.55B+7.30%
FY202233.20B+20.96%11.50B+70.65%66.55%42.84%34.62%19.16B+30.39%
FY202127.45B+14.91%6.74B+127.57%61.36%31.03%24.54%14.69B+32.05%

How Broadcom makes its money

Semiconductor Solutions36.86B 57.7%
Infrastructure Software27.03B 42.3%
Revenue63.89B 100.0%
Cost of revenue20.59B 32.2%
Gross profit43.29B 67.8%
Research and development10.98B 17.2%
Selling and administration4.21B 6.6%
Other operating expenses2.62B 4.1%
Operating income25.48B 39.9%
Other expense2.76B 4.3%
Net income23.13B 36.2%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Broadcom revenue breakdown

By product

FY2025
Semiconductor Solutions: 57.7%Infrastructure Software: 42.3%57.7%Semiconductor Solutions42.3%Infrastructure Software
SegmentRevenueShare of revenueChange on the year
Semiconductor Solutions36.86B57.7%+22.5%
Infrastructure Software27.03B42.3%+25.8%

By region

FY2025
Asia Pacific: 56.2%Americas: 29.6%EMEA: 14.2%56.2%Asia Pacific29.6%Americas14.2%EMEA
RegionRevenueShare of revenueChange on the year
Asia Pacific35.90B56.2%+26.3%
Americas18.94B29.6%+26.5%
EMEA9.05B14.2%+10.6%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY202527.54B26.91B
FY202419.96B19.41B
FY202318.09B17.63B
FY202216.74B16.31B
FY202113.76B13.32B
FY202012.06B11.60B
FY20199.70B9.27B
FY20188.88B8.25B
FY20176.55B5.48B
FY20163.41B2.69B

Broadcom financial health

Full balance sheet
Cash and short-term investments
23.98B USD
Total debt
59.42B USD
Net cash
-35.44B USD
Free cash flow (TTM)
39.40B USD
Current ratio
2.50
Debt to equity
0.60
Piotroski score
8 / 9
Altman Z-score
12.04

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202516.18B65.14B26.91B
FY20249.35B67.57B19.41B
FY202314.19B39.65B17.63B
FY202212.42B39.98B16.31B
FY202112.16B40.27B13.32B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY2025171.09B89.80B81.29B
FY2024165.65B97.97B67.68B
FY202372.86B48.87B23.99B
FY202273.25B50.54B22.71B
FY202175.57B50.58B24.99B
FY202075.93B52.03B23.90B
FY201967.49B42.52B24.97B
FY201850.12B23.47B26.66B
FY201754.42B31.23B20.29B
FY201649.97B28.09B18.89B

Broadcom valuation

Price to earnings ratio (TTM)
36.36
Forward P/E (FY2027)
15.17
Price to sales (TTM)
15.70
Price to book
14.03
EV / EBITDA (TTM)
27.40

Capital structure

Market capitalization
1.40T USD
+
Total debt
59.42B USD
−
Cash and short-term investments
23.98B USD
=
Enterprise value
1.43T USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)9.57————
FY2027 (est.)15.179.57———
FY2026 (est.)25.0815.17———
Now (TTM)36.3615.0515.7014.0327.40
FY202573.8431.7026.7421.0150.62
FY2024132.7225.1215.1111.5235.08
FY202324.8237.489.7514.5518.23
FY202217.1611.245.798.4711.48
FY202133.6414.187.898.6616.65

Broadcom against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Micron Technology, Advanced Micro Devices, NVIDIA, Intel, Applied Materials, and Lam Research, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median36.4
    17.8208.3
  • Gross marginAbove its median67.8%
    61.4%68.9%
    Against its peers: 3 of 7Peers' median 50.0%
  • Operating marginAt its median39.9%
    26.1%45.2%
    Against its peers: 3 of 7Peers' median 32.3%
  • Net marginAbove its median36.2%
    11.4%39.3%
    Against its peers: 3 of 7Peers' median 28.0%
  • Return on equityAt its median28.4%
    8.7%58.7%
    Against its peers: 5 of 7Peers' median 46.3%
  • Free cash flow marginBelow its median42.1%
    37.6%49.2%
    Against its peers: 3 of 7Peers' median 20.6%
  • Revenue growthAbove its median23.9%
    7.9%44.0%
    Against its peers: 5 of 7Peers' median 30.2%
  • EPS growthHighest in 5 years287.8%
    -62.7%287.8%
    Against its peers: 2 of 6Peers' median 66.7%
  • Debt to EBITDALowest in 5 years1.88×
    1.88×2.83×
    Against its peers: 6 of 7Peers' median 0.54×
  • Current ratioBelow its median1.71
    1.172.82
    Against its peers: 7 of 7Peers' median 2.74

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Broadcom dividends

Annual dividend
2.60 USD
Dividend yield (indicated)
0.89%
Payout ratio
32.26%
Years of dividend growth
16
Frequency
Quarterly
Last payment
0.65 USD
Last ex-dividend date
21 Sept 2026
Last payment date
30 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.422.171.911.691.491.341.120.790.480.25

Broadcom ownership

Institutions
78.98%
Institutional holders
5,098 (+181)
Free float
98.11%

Who owns the shares

Institutions 79.0% Others 21.0%
As of 30 Jun 2026

Shares free to trade

Free float 4.68B shares ·98.1% Closely held 90.36M shares ·1.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 20260190.00836.67K
Q2 202615660.54K1.10M
Q1 2026094511.89K1.58M
Q4 202511121.00K750.03K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20254.71B4.85B+1.57%
FY20244.62B4.78B+11.90%
FY20234.15B4.27B+0.95%
FY20224.09B4.23B-1.40%
FY20214.10B4.29B+1.90%

Common questions about Broadcom's financials

Source: Financial Modeling Prep

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