Broadcom Inc. AVGO

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We are a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions. Our more than 60-year history of innovation dates back to our diverse origins from AT&T/Bell Labs, Lucent and Hewlett-Packard Company, and has evolved through acquisitions, including LSI Corporation, Broadcom Corporation, Brocade Communications Systems, Inc., CA, Inc., Symantec Enterprise Security, and VMware, Inc. ("VMware"). Over the years, we have assembled a large team of semiconductor and software design engineers around the world. We maintain design, product and software development engineering expertise and resources at locations primarily in the U.S., Asia, and Europe. We combine global scale, engineering depth, broad product portfolio, superior execution and operational focus to deliver category-leading semiconductor and infrastructure software solutions.

Last close 321.68 2026-10-23
Market cap $1.53T 2026-05-03 share count
52-week range 289.96 - 495.00

Valuation FY2025 figures against the last close

P/S24.0x
P/E67.4x
P/FCF56.9x
EV/EBITDA58.2x
Dividend yield0.7%
Diluted EPS4.77

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $63.89B$51.57B$35.82B$33.20B$27.45B$23.89B$22.60B$20.85B$17.64B$13.24B
Cost of revenue $20.59B$19.07B$11.13B$11.11B$10.61B$10.37B$10.11B$10.12B$9.13B$7.30B
Gross profit $43.29B$32.51B$24.69B$22.09B$16.84B$13.52B$12.48B$10.73B$8.51B$5.94B
R&D $10.98B$9.31B$5.25B$4.92B$4.85B$4.97B$4.70B$3.77B$3.30B$2.67B
SG&A $4.21B$4.96B$1.59B$1.38B$1.35B$1.94B$1.71B$1.06B$789.0M$806.0M
Total operating expenses $17.81B$19.05B$8.48B$7.87B$8.32B$9.50B$9.04B$5.60B$6.14B$6.35B
Operating income $25.48B$13.46B$16.21B$14.22B$8.52B$4.01B$3.44B$5.13B$2.37B-$409.0M
Interest expense $3.21B$3.95B$1.62B$1.74B$1.89B$1.78B$1.44B$628.0M$454.0M$585.0M
Pre-tax income $22.73B$9.92B$15.10B$12.43B$6.76B$2.44B$2.23B$4.54B$1.82B-$1.11B
Income tax $397.0M$3.75B$1.01B$939.0M$29.0M$518.0M$510.0M$8.08B$35.0M$642.0M
Net income $23.13B$5.89B$14.08B$11.49B$6.74B$2.96B$2.72B$12.61B$1.78B-$1.74B
EPS, basic 4.911.273.392.7415.706.626.7729.334.18-4.75
EPS, diluted 4.771.233.302.6515.006.336.4328.444.02-4.86
Shares, diluted (wtd. avg.) 4.85B4.78B4.27B4.23B429.0M421.0M419.0M431.0M421.0M383.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $16.18B$9.35B$14.19B$12.42B$12.16B$7.62B$5.05B$4.29B$11.20B$3.10B
Receivables $7.14B$4.42B$3.15B$2.96B$2.07B$2.30B$3.26B$3.33B$2.45B—
Inventory $2.27B$1.76B$1.90B$1.93B$1.30B$1.00B$874.0M$1.12B$1.45B—
Total current assets $31.57B$19.59B$20.85B$18.50B$16.59B$11.89B$9.92B$9.11B$15.82B—
Property, plant and equipment $2.53B$2.52B$2.15B$2.22B$2.35B$2.51B$2.56B$2.63B$2.60B—
Goodwill $97.80B$97.87B$43.65B$43.61B$43.45B$43.45B$36.71B$26.91B$24.71B$24.73B
Other intangibles $32.27B$40.58B$3.87B$7.11B$11.37B$16.78B$17.55B$10.76B$10.83B—
Total assets $171.09B$165.65B$72.86B$73.25B$75.57B$75.93B$67.49B$50.12B$54.42B—
Accounts payable $1.56B$1.66B$1.21B$998.0M$1.09B$836.0M$855.0M$811.0M$1.10B—
Short-term debt $3.15B$1.25B$1.56B$403.0M$264.0M$827.0M$2.79B$0$117.0M—
Total current liabilities $18.51B$16.70B$7.41B$7.05B$6.28B$6.37B$6.90B$2.34B$2.53B—
Long-term debt ————$39.44B$40.23B$30.01B$17.49B$17.43B—
Total liabilities $89.80B$97.97B$48.87B$50.54B$50.58B$52.03B$42.52B$23.47B$31.23B—
Retained earnings $9.76B$0$2.68B$1.60B$748.0M$0$0$3.49B-$129.0M—
Total equity $81.29B$67.68B$23.99B$22.71B$24.96B$23.87B$24.94B$26.66B$23.19B$21.88B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $27.54B$19.96B$18.09B$16.74B$13.76B$12.06B$9.70B$8.88B$6.55B$3.41B
Depreciation and amortisation $574.0M$593.0M$502.0M$529.0M$539.0M$570.0M$569.0M$515.0M$451.0M$402.0M
Stock-based compensation $7.57B$5.74B$2.17B$1.53B$1.70B$1.98B$2.19B$1.23B$921.0M$679.0M
Capital expenditure $623.0M$548.0M$452.0M$424.0M$443.0M$463.0M$432.0M$635.0M$1.07B$723.0M
Investing cash flow -$580.0M-$23.07B-$689.0M-$667.0M-$245.0M-$11.11B-$15.42B-$4.67B-$674.0M-$9.84B
Financing cash flow -$20.13B-$1.73B-$15.62B-$15.82B-$8.97B$1.61B$6.49B-$11.12B$2.23B$7.70B
Dividends paid $11.14B$9.81B$7.64B$6.73B$5.91B$5.24B$4.24B$2.92B$1.65B$716.0M
Buybacks $2.45B$7.18B$5.82B$7.00B$0$0$5.43B$7.26B$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001730168-25-000121.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B 60B 80B Revenue, FY2016: 13.2B Gross profit, FY2016: 5.9B Net income, FY2016: -1.7B Revenue, FY2017: 17.6B Gross profit, FY2017: 8.5B Net income, FY2017: 1.8B Revenue, FY2018: 20.8B Gross profit, FY2018: 10.7B Net income, FY2018: 12.6B Revenue, FY2019: 22.6B Gross profit, FY2019: 12.5B Net income, FY2019: 2.7B Revenue, FY2020: 23.9B Gross profit, FY2020: 13.5B Net income, FY2020: 3B Revenue, FY2021: 27.4B Gross profit, FY2021: 16.8B Net income, FY2021: 6.7B Revenue, FY2022: 33.2B Gross profit, FY2022: 22.1B Net income, FY2022: 11.5B Revenue, FY2023: 35.8B Gross profit, FY2023: 24.7B Net income, FY2023: 14.1B Revenue, FY2024: 51.6B Gross profit, FY2024: 32.5B Net income, FY2024: 5.9B Revenue, FY2025: 63.9B Gross profit, FY2025: 43.3B Net income, FY2025: 23.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $13.24B $17.64B $20.85B $22.60B $23.89B $27.45B $33.20B $35.82B $51.57B $63.89B
Gross profit $5.94B $8.51B $10.73B $12.48B $13.52B $16.84B $22.09B $24.69B $32.51B $43.29B
Net income -$1.74B $1.78B $12.61B $2.72B $2.96B $6.74B $11.49B $14.08B $5.89B $23.13B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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