Broadcom Inc (AVGO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.4	$2.44	+1.7%	—	$22.2B	—
Q1 26	$2.02	$2.05	+1.5%	—	$19.3B	—
Q4 25	$1.87	$1.95	+4.3%	—	$18B	—
Q3 25	$1.66	$1.69	+1.8%	—	—	—
Q2 25	$1.57	$1.58	+0.6%	—	—	—
Q1 25	$1.51	$1.6	+6.0%	—	—	—
Q4 24	$1.39	$1.42	+2.2%	—	—	—
Q3 24	$1.21	$1.24	+2.5%	—	—	—
Q2 24	$1.08	$1.1	+1.9%	—	—	—
Q1 24	$1.04	$1.1	+5.8%	—	—	—
Q4 23	$11	$11.1	+0.7%	—	—	—
Q3 23	$10.4	$10.5	+1.2%	—	$8.9B	—
Q2 23	$10.1	$10.3	+2.4%	—	$8.7B	—
Q1 23	$10.1	$10.3	+2.3%	—	$8.9B	—
Q4 22	$10.3	$10.4	+1.7%	—	$8.9B	—
Q3 22	$9.56	$9.73	+1.8%	—	$8.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.91	—	—	$63.9B	—
FY24	—	$1.27	—	—	$51.6B	—
FY23	—	$3.39	—	—	$35.8B	—
FY22	—	$2.74	—	—	$33.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$13.2B	$17.6B	$20.8B	$22.6B	$23.9B	$27.4B	$33.2B	$35.8B	$51.6B	$63.9B
YoY change	+94%	+33.2%	+18.2%	+8.39%	+5.71%	+14.9%	+21%	+7.88%	+44%	+23.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	13.2B	17.6B	20.8B	22.6B	23.9B	27.4B	33.2B	35.8B	51.6B	63.9B
Cost of revenue	7.3B	9.1B	10.1B	10.1B	10.4B	10.6B	11.1B	11.1B	19.1B	20.6B
Gross profit	5.9B	8.5B	10.7B	12.5B	13.5B	16.8B	22.1B	24.7B	32.5B	43.3B
Gross margin	44.9%	48.2%	51.5%	55.2%	56.6%	61.4%	66.5%	68.9%	63%	67.8%
Research & development	2.7B	3.3B	3.8B	4.7B	5B	4.9B	4.9B	5.3B	9.3B	11B
Selling, general & administrative	806M	789M	1.1B	1.7B	1.9B	1.3B	1.4B	1.6B	5B	4.2B
Operating expenses	3.5B	4.1B	4.8B	6.4B	6.9B	6.2B	6.3B	6.8B	14.3B	15.2B
Operating income	587M	2.7B	5.4B	4.2B	4.2B	8.7B	14.3B	16.5B	15B	26.1B
Operating margin	4.43%	15%	25.7%	18.5%	17.6%	31.6%	43%	45.9%	29.1%	40.8%
Non-operating income, net	-1.1B	-419M	-309M	-608M	-45M	-33M	-211M	-267M	-1.6B	-483M
Pretax income	-1.1B	1.8B	4.5B	2.2B	2.4B	6.8B	12.4B	15.1B	9.9B	22.7B
Income tax	642M	35M	-8.1B	-510M	-518M	29M	939M	1B	3.7B	-397M
Net income	-1.9B	1.8B	12.6B	2.7B	3B	6.7B	11.5B	14.1B	5.9B	23.1B
Net margin	-14.1%	10.1%	60.5%	12.1%	12.4%	24.5%	34.6%	39.3%	11.4%	36.2%
EBITDA	3.6B	7.5B	9.6B	10.1B	11.2B	14.7B	19.4B	20.8B	25.4B	35.3B
EPS	-0.47	0.44	2.93	0.68	0.66	1.57	2.74	3.39	1.27	4.91
Diluted EPS	-0.49	0.43	2.84	0.64	0.63	1.5	2.65	3.3	1.23	4.77

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	—	—	—	—	—	—	—	—	18B	19.3B	22.2B	29.6B
Cost of revenue	—	—	—	—	—	—	—	—	5.8B	6.2B	6.8B	9.1B
Gross profit	—	—	—	—	—	—	—	—	12.2B	13.2B	15.4B	20.5B
Gross margin	—	—	—	—	—	—	—	—	68%	68.1%	69.5%	69.1%
Research & development	—	—	—	—	—	—	—	—	3B	3B	3B	2.9B
Selling, general & administrative	—	—	—	—	—	—	—	—	1.1B	1B	1.1B	996M
Operating expenses	—	—	—	—	—	—	—	—	4.1B	4B	4B	3.9B
Operating income	—	—	—	—	—	—	—	—	7.7B	8.7B	10.9B	16.1B
Operating margin	—	—	—	—	—	—	—	—	42.5%	44.9%	48.9%	54.3%
Non-operating income, net	-416M	-435M	-205M	-221M	-727M	-69M	-61M	18M	-371M	330M	47M	-5M
Pretax income	—	—	—	—	—	—	—	—	6.9B	8.2B	10.1B	15.3B
Income tax	—	—	—	—	—	—	—	—	-1.6B	846M	820M	2.2B
Net income	—	—	—	—	—	—	—	—	8.5B	7.3B	9.3B	13.1B
Net margin	—	—	—	—	—	—	—	—	47.3%	38.1%	42%	44.2%
EBITDA	—	—	—	—	—	—	—	—	10B	11.3B	13.1B	18.4B
EPS	0.85	0.29	0.46	-0.4	0.92	1.17	1.05	0.88	1.8	1.55	1.96	2.75
Diluted EPS	0.82	0.28	0.44	-0.4	0.9	1.14	1.03	0.85	1.74	1.5	1.91	2.68

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	93.4B	116.6B	140.9B	218.5B	192.2B	349.1B	—	1.7T	1.7T
Enterprise value	—	—	106.6B	144.3B	174.3B	246.1B	219.3B	374.1B	—	1.8T	1.7T
Shares outstanding	3.7B	4B	4.2B	4B	4B	4.1B	4.1B	4.1B	4.6B	4.7B	4.7B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	7.41	42.8	47.6	32.4	16.7	24.8	—	75.3	44.7
P/S	—	—	4.48	5.16	5.9	7.96	5.79	9.75	—	27.3	18.8
P/B	—	—	3.5	4.67	5.9	8.75	8.47	14.6	—	21.4	16.8
EV/EBITDA	—	—	11.1	14.3	15.6	16.7	11.3	18	—	50.7	32.9
EV/Sales	—	—	5.11	6.39	7.3	8.97	6.61	10.4	—	28	19.3
Earnings yield	—	—	13.5%	2.34%	2.1%	3.08%	5.98%	4.03%	—	1.33%	2.24%
FCF yield	—	—	8.83%	7.95%	8.23%	6.1%	8.49%	5.05%	—	1.55%	1.83%
PEG	—	—	—	—	—	—	—	—	—	—	0.21

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	44.9%	48.2%	51.5%	55.2%	56.6%	61.4%	66.5%	68.9%	63%	67.8%	69.1%
Operating margin	4.43%	15%	25.7%	18.5%	17.6%	31.6%	43%	45.9%	29.1%	40.8%	54.3%
Net margin	-14.1%	10.1%	60.5%	12.1%	12.4%	24.5%	34.6%	39.3%	11.4%	36.2%	42.9%
ROE	-8.51%	7.69%	47.3%	10.9%	12.4%	27%	50.6%	58.7%	8.71%	28.4%	44.2%
ROA	-3.72%	3.28%	25.2%	4.04%	3.9%	8.91%	15.7%	19.3%	3.56%	13.5%	15.4%
ROIC	1.81%	8.82%	13.5%	7.93%	7.35%	16.4%	26.5%	31.3%	7.41%	20%	30.3%
Return on tangible assets	6.28%	-10.7%	-50%	-6.64%	-6.65%	-19.8%	-40.8%	-63.5%	-5.3%	-26%	-63.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.31	6.26	3.9	1.44	1.87	2.64	2.62	2.82	1.17	1.71	2.5
Quick ratio	1.86	5.68	3.41	1.31	1.71	2.43	2.35	2.56	1.07	1.58	2.29
Debt / equity	0.62	0.76	0.66	1.31	1.72	1.59	1.74	1.64	1	0.8	0.6
Debt / assets	0.27	0.32	0.35	0.49	0.54	0.53	0.54	0.54	0.41	0.38	0.32
Net debt / EBITDA	2.9	0.85	1.38	2.76	2.99	1.87	1.4	1.2	2.29	1.39	0.67
Interest coverage	-0.89	5.02	8.24	2.54	2.37	4.59	8.16	10.3	3.51	8.08	14
Effective tax rate	0%	1.92%	0%	0%	0%	0.43%	7.55%	6.72%	37.8%	0%	5.45%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.62	4.35	4.99	5.68	5.93	6.68	8.12	8.63	11.2	13.6	18.8
EPS (basic)	-0.47	0.44	2.93	0.68	0.66	1.57	2.74	3.39	1.27	4.91	4.91
EPS (diluted)	-0.49	0.43	2.84	0.64	0.63	1.5	2.65	3.3	1.23	4.77	7.85
Book value per share	5.98	5.72	6.38	6.27	5.93	6.08	5.55	5.78	14.6	17.3	20.9
FCF per share	0.73	1.35	1.97	2.33	2.88	3.24	3.99	4.25	4.2	5.71	8.06
Cash per share	0.85	2.77	1.03	1.27	1.89	2.96	3.04	3.42	2.02	3.43	5.02
Capex per share	0.2	0.16	0.09	0.09	0.11	0.11	0.1	0.11	0.12	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.42%	3.56%	1.9%	1.52%	1.94%	1.61%	1.28%	1.26%	1.06%	—	—
Capex / operating cash flow	21.1%	9.84%	4.51%	3.56%	3.89%	3.27%	2.55%	2.5%	2.77%	—	—
Payout ratio	-40.3%	97.8%	23.8%	155.5%	187%	92.2%	61.2%	54.3%	166.5%	48.2%	32.4%
Dividend yield	—	—	3.21%	3.63%	3.93%	2.84%	3.66%	2.19%	—	0.64%	0.74%

Yield

0.74%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.65

ex-dividend Sep 21, 2026

Payout ratio

32%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 21, 2026	$0.65
Jun 22, 2026	$0.65
Mar 23, 2026	$0.65
Dec 22, 2025	$0.65
Sep 22, 2025

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	—	—	—	—	—	—	—	—	$18B	$19.3B	$22.2B	$29.6B
YoY change	—	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.1B	11.2B	4.3B	5.1B	7.6B	12.2B	12.4B	14.2B	9.3B	16.2B
Receivables	2.2B	2.4B	3.3B	3.3B	2.3B	2.1B	3B	3.2B	4.4B	7.1B
Inventory	1.4B	1.4B	1.1B	874M	1B	1.3B	1.9B	1.9B	1.8B	2.3B
Total current assets	7.1B	15.8B	9.1B	9.9B	11.9B	16.6B	18.5B	20.8B	19.6B	31.6B
Property, plant & equipment	2B	2B	1.6B	1.5B	1.4B	1.2B	1.1B	973M	1B	1B
Goodwill & intangibles	79.6B	71.1B	75.3B	108.5B	120.5B	109.6B	101.5B	95B	276.9B	260.1B
Total assets	50B	54.4B	50.1B	67.5B	75.9B	75.6B	73.2B	72.9B	165.6B	171.1B
Accounts payable	1.3B	1.1B	811M	855M	836M	1.1B	998M	1.2B	1.7B	1.6B
Short-term debt	454M	117M	—	2.8B	827M	290M	440M	1.6B	1.3B	3.2B
Total current liabilities	3.1B	2.5B	2.3B	6.9B	6.4B	6.3B	7.1B	7.4B	16.7B	18.5B
Long-term debt	13.2B	17.4B	17.5B	30B	40.2B	39.4B	39.1B	37.6B	66.3B	62B
Total liabilities	28.1B	31.2B	23.5B	42.5B	52B	50.6B	50.5B	48.9B	98B	89.8B
Shareholders' equity	21.9B	23.2B	26.7B	25B	23.9B	25B	22.7B	24B	67.7B	81.3B
Total debt	13.6B	17.5B	17.5B	32.8B	41.1B	39.7B	39.5B	39.2B	67.6B	65.1B
Net debt	10.5B	6.3B	13.2B	27.7B	33.4B	27.6B	27.1B	25B	58.2B	49B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	—	—	—	—	—	—	—	—	16.2B	14.2B	19.6B	24B
Receivables	—	—	—	—	—	—	—	—	7.1B	8.5B	10.8B	13.7B
Inventory	1.9B	1.9B	1.8B	1.9B	1.8B	1.9B	2B	2.2B	2.3B	3B	4.3B	4.5B
Total current assets	—	—	—	—	—	—	—	—	31.6B	32.1B	42.2B	52.2B
Property, plant & equipment	—	—	—	—	—	—	—	—	1B	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	260.1B	256.2B	252.3B	248.3B
Total assets	—	—	—	—	—	—	—	—	171.1B	169.9B	179.2B	188.1B
Accounts payable	—	—	—	—	—	—	—	—	1.6B	2.1B	2.3B	4B
Short-term debt	—	—	—	—	—	—	—	—	3.2B	2.3B	2.3B	2.3B
Total current liabilities	—	—	—	—	—	—	—	—	18.5B	16.9B	18.9B	20.8B
Long-term debt	—	—	—	—	—	—	—	—	62B	63.8B	62.7B	57.2B
Total liabilities	—	—	—	—	—	—	—	—	89.8B	90B	91.5B	88.5B
Shareholders' equity	—	—	—	—	—	—	—	—	81.3B	79.9B	87.7B	99.7B
Total debt	—	—	—	—	—	—	—	—	65.1B	66.1B	64.9B	59.4B
Net debt	—	—	—	—	—	—	—	—	49B	51.9B	45.3B	35.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-1.9B	1.8B	12.6B	2.7B	3B	6.7B	11.5B	14.1B	5.9B	23.1B
Depreciation & amortization	3B	4.7B	4.1B	5.8B	6.9B	6B	5B	3.8B	10B	8.8B
Stock-based compensation	679M	921M	1.2B	2.2B	2B	1.7B	1.5B	2.2B	5.7B	7.6B
Change in working capital	516M	-625M	-826M	-184M	1.1B	-127M	-1.7B	-1.6B	-4.6B	-8.5B
Operating cash flow	3.4B	6.4B	8.8B	9.7B	11.9B	13.6B	16.6B	18.1B	19.8B	27.5B
Capital expenditure	-718M	-628M	-396M	-344M	-463M	-443M	-424M	-452M	-548M	—
Investing cash flow	-9.8B	-674M	-4.6B	-15.4B	-11.1B	-245M	-667M	-689M	-23.1B	43M
Dividends paid	-750M	-1.7B	-3B	-4.2B	-5.5B	-6.2B	-7B	-7.6B	-9.8B	-11.1B
Share repurchases	0	0	-7.3B	-6.4B	-765M	-1.3B	-8.5B	-7.7B	-12.4B	-6.3B
Financing cash flow	27.2B	2.2B	-11.1B	6.5B	1.6B	-9B	-15.8B	-15.6B	-1.7B	-20.1B
Net change in cash	20.8B	7.9B	-7B	730M	2.4B	4.3B	153M	1.8B	-5B	7.5B
Free cash flow	2.7B	5.5B	8.2B	9.3B	11.6B	13.3B	16.3B	17.6B	19.4B	26.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	3.5B	1.3B	2.1B	-1.9B	4.3B	5.5B	5B	4.1B	8.5B	7.3B	9.3B	13.1B
Depreciation & amortization	932M	2.3B	2.5B	2.5B	2.6B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B
Stock-based compensation	638M	1.6B	1.5B	1.4B	1.3B	1.3B	1.8B	2.3B	2.2B	2.2B	2.1B	2B
Change in working capital	-966M	-283M	-1.2B	-1.1B	-2.1B	-2.4B	-1.9B	-1.9B	-2.3B	-3.1B	-2.6B	-3.3B
Operating cash flow	4.8B	4.8B	4.6B	4.9B	5.6B	6B	6.6B	7.2B	7.7B	8.3B	10.5B	14.2B
Capital expenditure	-105M	-122M	-132M	-172M	-122M	-100M	-144M	—	—	—	—	—
Investing cash flow	-124M	-25.5B	-706M	3.2B	-132M	-174M	-133M	236M	-130M	135M	23M	-581M
Dividends paid	-1.9B	-2.4B	-2.4B	-2.5B	-2.5B	-2.8B	-2.8B	-2.8B	-2.8B	-3.1B	-3.1B	-3.1B
Share repurchases	-577M	-8.3B	-1.5B	-1.4B	-1.2B	-2B	-4.2B	-58M	0	-7.8B	-600M	0
Financing cash flow	-2.6B	18.3B	-6B	-8.1B	-6.1B	-6B	-6.4B	-6B	-1.4B	-10.1B	-4.9B	-8.7B
Net change in cash	2.1B	-2.3B	-2.1B	38M	-656M	-106M	47M	1.4B	6.2B	-1.8B	5.6B	4.9B
Free cash flow	4.7B	4.7B	4.4B	4.8B	5.5B	6B	6.4B	7B	7.5B	8B	10.3B	13.7B

Broadcom Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history