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Not Investment Advice

AVGO

NASDAQ · USD
Broadcom Inc.
Technology · Semiconductors
CEO Hock E. Tan Employees 33,000 R&D / revenue 17.2%
Last price
$328.75−4.52%last session
Market cap
$1.57T
P/E (TTM)
40.8x
From 52w high
−33.6%
From 52w low
+13.4%
1-year return
−7.2%
RSI 14 · vs SMA200
34.8 · −10.7%
IS score
83.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

AVGO   SPY   XLK (sector ETF) · weekly closes
100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116AVGO 93

Score DNA

Each bar is a 0-100 score within the scored universe
100
Profitability
81
Growth
36
Value
94
Momentum
100
Risk (safety)
90
Quality
76
Balance sheet
77
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Insider buying✓ Congress buying
Warnings
▲ Beneish M above -1.78▲ Share count rising
Observations
Moat model: Wide, Cost AdvantagePiotroski 8 / 9Altman Z 14.5Beta 1.464 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$0.37M bought
Form 144 notices (12m): 55, $2.0B proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
14
Last disclosed purchase 2026-08-26
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+159
351 new holders, 140 closed
4,814 filers hold 78.5% · 2,289 added, 1,867 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+775
2,686 funds adding shares
1,911 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
27.5%
20-day avg 35.7%, 50-day avg 34.5%
Latest 8.2 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$63.9B
Revenue growth YoY+23.9%
Gross margin67.8%
Operating income$25.5B
Operating margin39.9%
Net income$23.1B
Net margin36.2%
EPS (diluted)$4.77
Cash flow
Operating cash flow$27.5B
Capital expenditure$623.0M
Free cash flow$26.9B
FCF conversion (FCF / OCF)97.7%
Stock-based compensation$7.6B
FCF less SBC$19.3B
Buybacks$6.3B
Dividends$11.1B
Balance sheet & returns
Cash & short-term investments$16.2B
Total debt$65.1B
Net debt$49.0B
Shareholders' equity$81.3B
Goodwill & intangibles$130.1B
Debt / equity0.60
ROE (TTM)43.9%
ROIC (TTM)24.0%
Operating margin by fiscal year
31.0%FY202143.0%FY202245.2%FY202326.1%FY202439.9%FY2025
Revenue $27.4B (FY2021) to $63.9B (FY2025), a 23.5% CAGR.

Valuation

P/E (TTM)40.8x
EV / EBITDA30.7x
Price / sales17.61x
Price / FCF39.8x
FCF yield2.51%
Buyback yield0.40%
SBC / revenue9.5%
Price / book15.72x
Forward P/E FY202628.2x
Forward P/E FY202717.1x
Forward P/E FY202810.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $500.80 across 10 analysts last quarter is theirs, not ours.

AVGO vs industry median

196 companies in Semiconductors
Gross margin 68.8% 45.0% Operating margin 48.4% 5.8% Net margin 42.9% 5.7% ROIC 24.0% 6.2%
AVGO (TTM)Industry median Asset turnover 0.47 vs industry 0.52 · financial leverage 1.89

Earnings delivery

Next report 2026-12-09 · consensus EPS $3.82
100%
beat rate, 12 of 12 quarters
+1.7%
median EPS surprise
12
longest beat streak
+1+6+1+2+3+6+1+2+4+1+2+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-12-07 to 2026-09-02. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
AVGO Broadcom Inc. $1.57T40.8x43.9%42.9%+23.9% −7.2%
MU Micron Technology, Inc. $994.3B11.7x88.3%69.5%+256.3% +333.9%
AMD Advanced Micro Devices, Inc. $863.2B134.2x10.1%19.9%+39.5% +125.4%
NVDA NVIDIA Corporation $5.16T26.9x117.2%62.0%+83.4% +18.1%
INTC Intel Corp. $475.0Bn/m-12.2%-68.4%+7.5% +143.9%
LRCX Lam Research Corporation $330.3B45.6x65.1%33.9%+26.0% —
AMAT Applied Materials, Inc. $324.8B35.1x41.1%27.8%+7.8% —
TXN Texas Instruments Incorporat $252.5B41.8x35.2%36.2%+16.7% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-09-02Earnings Release; Other Events; Exhibits
2026-07-06Other Events
2026-06-18Other Events; Exhibits
2026-06-11Other Events; Exhibits
2026-06-03Earnings Release; Other Events; Exhibits
2026-04-21Shareholder Vote

Context

Shares outstanding4,773,629,865
Free float98.1%
Institutional ownership78.5%
Beta1.46
Dividend yield0.79%
Last dividend$0.65 on 2026-09-21
50 / 200-day average$367.56 / $368.29
Mega-cap Technology median P/E33.1x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Wide).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where AVGO sits among 76 scored companies in Semiconductors (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureAVGOIndustry medianIndustry percentileSector median
P/E (TTM) 41.0x 45.9x
35th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 1.21 2.30
22nd		 1.36
Price / sales 17.6x 8.1x
83rd		 3.9x
Price / book 15.7x 5.5x
88th		 4.4x
Price / tangible book —
Price / free cash flow 39.8x 57.4x
33rd		 20.3x
Price / operating cash flow 38.6x 38.7x
48th		 17.9x
Enterprise value $1.60T $6.8B
99th		 $5.5B
EV / sales 18.0x 8.4x
85th		 4.1x
EV / EBITDA 30.7x 28.1x
54th		 18.9x
EV / EBIT 36.9x 38.4x
43rd		 26.7x
EV / free cash flow 40.7x 57.4x
33rd		 21.9x
Earnings yield 2.4% 1.2%
76th		 2.0%
FCF yield 2.5% 1.4%
76th		 3.3%
Operating cash flow yield 2.6% 2.0%
63rd		 4.4%
Graham number (per share) $59.95 $34.80
81st		 $28.08

Profitability (TTM)

MeasureAVGOIndustry medianIndustry percentileSector median
Gross margin 68.8% 48.5%
89th		 55.7%
EBITDA margin 58.7% 18.7%
96th		 13.7%
Operating margin 48.4% 10.1%
96th		 8.2%
EBIT margin 48.9% 12.1%
96th		 8.6%
Net margin 42.9% 9.4%
96th		 5.7%
NOPAT margin 45.7% 9.3%
96th		 7.0%
FCF margin 44.2% 12.0%
99th		 15.0%
Operating cash flow margin 45.6% 18.3%
96th		 18.4%
R&D / revenue 13.3% 17.5%
37th		 12.9%
SG&A / revenue 4.7% 14.9%
4th		 25.6%
Stock comp / revenue 9.5% 3.9%
73rd		 4.4%
Effective tax rate 5.4% 17.4%
11th		 21.0%

Returns on capital

MeasureAVGOIndustry medianIndustry percentileSector median
ROE (on average equity) 44.2% 6.8%
95th		 9.4%
ROA 21.6% 4.2%
87th		 4.1%
ROIC 30.2% 7.9%
83rd		 9.0%
ROCE 26.0% 6.6%
89th		 8.6%
Return on tangible assets 24.6% 5.7%
88th		 5.9%
Cash ROIC (OCF / invested capital) 30.1% 14.1%
74th		 20.7%
Gross profitability (GP / assets) 32.3% 21.5%
69th		 30.0%
ROIC, 3-yr average 17.3% 6.8%
71st		 7.4%
ROIC, 5-yr average 23.2% 16.5%
67th		 7.9%
ROE, 5-yr average 36.7% 10.9%
91st		 6.9%
Incremental ROIC 105.8% 13.4%
85th		 15.3%

Growth

MeasureAVGOIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 48.7% 17.8%
84th		 14.3%
Revenue growth (QoQ) 33.4% 13.2%
88th		 6.6%
Revenue CAGR, 3 yr 36.0% 3.5%
93rd		 9.6%
Revenue CAGR, 5 yr 27.4% 6.5%
86th		 11.5%
Gross profit CAGR, 3 yr 35.9% 2.6%
94th		 10.9%
Operating income CAGR, 3 yr 39.3% -2.2%
95th		 11.3%
Net income growth (TTM YoY) 102.1% 35.4%
68th		 21.6%
Net income CAGR, 3 yr 40.1% 1.9%
90th		 9.9%
EPS growth (TTM YoY) 101.0% 37.4%
68th		 22.3%
EPS CAGR, 3 yr 33.9% -0.5%
90th		 11.2%
EPS CAGR, 5 yr 40.9% 7.5%
90th		 12.0%
FCF growth (TTM YoY) 58.1% 31.5%
74th		 24.6%
FCF CAGR, 3 yr 31.4% 2.9%
85th		 19.3%
Operating cash flow CAGR, 3 yr 31.6% 4.1%
84th		 17.9%
Book value CAGR, 3 yr 58.0% 7.2%
93rd		 6.8%
Dividend CAGR, 3 yr -0.9% 1.9%
15th		 3.1%
Sustainable growth rate 30.3% 10.7%
87th		 14.2%

Margin history & stability

MeasureAVGOIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 66.3% 47.6%
89th		 53.2%
Operating margin, 3-yr average 38.0% 8.0%
96th		 6.6%
Net margin, 3-yr average 28.5% 7.9%
89th		 5.2%
FCF margin, 3-yr average 41.9% 11.5%
97th		 12.7%
Revenue stability (0-1) 0.86 0.58
75th		 0.87
Earnings stability (0-1) 0.60 0.36
75th		 0.45
Margin stability (0-1) 0.95 0.93
62nd		 0.95

Liquidity (latest quarter)

MeasureAVGOIndustry medianIndustry percentileSector median
Cash & short-term investments $24.0B $667.9M
96th		 $494.1M
Net cash (− = net debt) −$35.4B $201.8M
0th		 $49.8M
Working capital $31.3B $953.3M
97th		 $391.0M
Current ratio 2.50 3.45
28th		 1.92
Quick ratio 2.29 2.56
43rd		 1.67
Cash ratio (cash + ST investments / current liabilities) 1.15 1.60
35th		 0.95
Defensive interval (days) 778 days 778 days
51st		 521 days

Leverage & solvency (latest quarter)

MeasureAVGOIndustry medianIndustry percentileSector median
Total debt $59.4B $307.1M
100th		 $349.3M
Debt / equity 0.60 0.17
76th		 0.29
Net debt / equity 0.36 −0.19
85th		 −0.13
Debt / assets 31.6% 11.2%
76th		 16.9%
Debt / capital 37.3% 14.8%
76th		 22.3%
Debt / EBITDA 1.14 1.14
50th		 1.78
Net debt / EBITDA 0.68 −0.82
79th		 −0.18
Interest coverage (EBIT / interest) 14.2x 12.4x
56th		 5.8x
Cash interest coverage 13.3x 15.4x
44th		 12.8x
Debt payback (years of OCF) 1.5 yrs 1.2 yrs
53rd		 1.6 yrs
Liabilities / assets 47.0% 30.8%
71st		 48.7%
IS credit model rating AA- — —
Implied credit spread (bps) 100 125
39th		 175

Efficiency

MeasureAVGOIndustry medianIndustry percentileSector median
Asset turnover 0.50 0.52
43rd		 0.62
Fixed asset turnover 28.34 4.69
100th		 9.25
Inventory turnover 8.5 2.7
97th		 3.8
Receivables turnover 8.8 6.3
79th		 6.2
Days sales outstanding 41 days 58 days
21st		 59 days
Days inventory outstanding 43 days 137 days
3rd		 94 days
Days payables outstanding 35 days 50 days
15th		 46 days
Cash conversion cycle (days) 50 days 129 days
7th		 50 days
Capex / revenue 1.4% 4.5%
8th		 2.3%
Capex / depreciation 0.14 0.94
4th		 0.56
Operating expense ratio 14.9% 32.6%
11th		 44.3%

Cash flow & earnings quality

MeasureAVGOIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.06 1.34
40th		 1.61
FCF / net income 1.03 0.88
58th		 1.33
FCF / operating cash flow 96.9% 75.0%
100th		 88.0%
Capex / operating cash flow 3.1% 25.0%
0th		 12.0%
Accruals ratio -1.4% -4.4%
65th		 -6.3%
Sloan accruals ratio 8.1% 2.2%
64th		 -1.8%
Earnings quality score (0-1) 1.00 0.75
77th		 0.75

Dividends & buybacks

MeasureAVGOIndustry medianIndustry percentileSector median
Dividend yield 0.8% 0.0%
81st		 0.0%
Dividend per share (TTM) $2.60 $0.00
89th		 $0.00
Payout ratio (dividends / net income) 31.6% 5.0%
77th		 0.0%
Dividends / FCF 30.7% 0.0%
76th		 0.0%
Dividend growth (YoY) 10.9% 3.6%
67th		 4.1%
Buyback yield 0.5% 0.1%
69th		 1.2%
Shareholder yield (dividends + buybacks) 1.3% 0.3%
68th		 1.7%
Share count change (YoY) 0.6% 1.6%
29th		 0.1%
Buybacks, last 5 years $42.9B $67.3M
97th		 $215.3M

Scores & forensic checks

MeasureAVGOIndustry medianIndustry percentileSector median
IS score 83 59
97th		 56
IS profitability 100 43
96th		 40
IS growth 81 69
86th		 65
IS value 36 36
51st		 39
IS momentum 94 79
84th		 78
IS risk (safety) 100 100
12th		 100
IS quality 90 70
96th		 67
IS balance sheet 76 84
35th		 72
IS earnings quality 77 65
89th		 61
IS cash flow 86 58
88th		 66
Piotroski F-score (0-9) 8 6
91st		 6
Altman Z-score 14.5 12.3
59th		 4.0
Beneish M-score −1.60 −2.45
81st		 −2.58
Ohlson O-score −10.76 −9.33
24th		 −8.00
IS credit score 81 78
56th		 69

Per share

MeasureAVGOIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $7.83 $1.49
85th		 $0.84
Book value per share $20.40 $17.90
60th		 $9.77
Tangible book per share −$5.13 $11.01
0th		 $3.22
Revenue per share $18.23 $13.47
61st		 $13.00
FCF per share $8.06 $1.50
91st		 $1.78
Operating cash flow per share $8.32 $2.35
88th		 $2.40
Cash per share $4.91 $6.31
40th		 $4.50

Size (TTM)

MeasureAVGOIndustry medianIndustry percentileSector median
Market cap $1.57T $6.8B
99th		 $4.7B
Revenue $89.1B $1.1B
97th		 $1.2B
EBITDA $52.3B $207.9M
97th		 $185.8M
Net income $38.3B $119.3M
97th		 $84.9M
Free cash flow $39.4B $114.6M
97th		 $170.6M
Total assets $188.1B $2.3B
96th		 $2.4B
Shareholders' equity $99.7B $1.4B
97th		 $1.1B
Employees 33,000 2,286
89th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-23Samueli Henry
Director
 Open-market sale 22,624$354.75$8.0M29,961,416
2026-09-23Samueli Henry
Director
 Open-market sale 22,946$355.55$8.2M29,938,470
2026-09-23Samueli Henry
Director
 Open-market sale 10,058$356.59$3.6M29,928,412
2026-09-23Samueli Henry
Director
 Open-market sale 6,959$357.66$2.5M29,921,453
2026-09-23Samueli Henry
Director
 Open-market sale 4,560$358.47$1.6M29,916,893
2026-09-23Samueli Henry
Director
 Open-market sale 2,162$359.48$777,19629,914,731
2026-09-23Samueli Henry
Director
 Open-market sale 397$360.76$143,22229,914,334
2026-09-23Samueli Henry
Director
 Open-market sale 512$361.48$185,07829,913,822
2026-09-23Samueli Henry
Director
 Open-market sale 186,809$354.71$66.3M36,327,861
2026-09-23Samueli Henry
Director
 Open-market sale 230,031$355.50$81.8M36,097,830
2026-09-23Samueli Henry
Director
 Open-market sale 85,221$356.58$30.4M36,012,609
2026-09-23Samueli Henry
Director
 Open-market sale 50,998$357.52$18.2M35,961,611

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprJunJulSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired856,048—
GiftDisposed6409,867—
GiftAcquired23,492—
Open-market buyAcquired11,000$373,570
Open-market saleDisposed691,443,075$533.7M
Tax withholdingDisposed39,730$3.3M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 55 notices · 5,779,163 shares · $2.0B
FiledFilerShares proposedEst. proceeds
2026-09-23Samueli Foundation72,474$25.8M
2026-09-23H&S Investments I Lp70,218$25.0M
2026-09-23D95Gt, Llc631,972$225.0M
2026-07-10Brazeal Mark David25,000$10.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 61 trades (33 purchases) · Senate 4 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-23Ro KhannaHouseSale$15,001 - $50,0002026-10-09
2026-09-16Gilbert CisnerosHouseSale$1,001 - $15,0002026-10-13
2026-09-16Gilbert CisnerosHouseSale (Partial)$1,001 - $15,0002026-10-12
2026-04-13Shelley Moore CapitoSenateSale$1,001 - $15,0002026-05-07
2026-04-13Shelley Moore CapitoSenateSale$1,001 - $15,0002026-05-07
2026-02-09Shelley Moore CapitoSenatePurchase$1,001 - $15,0002026-03-04
2026-02-09Shelley Moore CapitoSenatePurchase$1,001 - $15,0002026-03-04
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.398,213,826$150.4B8.34%
VANGUARD CAPITAL MANAGEMENT LLC309,168,582$116.8B6.48%
STATE STREET CORP196,900,541$74.4B4.12%
FMR LLC144,359,173$54.5B3.02%
VANGUARD PORTFOLIO MANAGEMENT LLC127,001,513$48.0B2.66%
Capital World Investors121,892,859$46.0B2.55%
GEODE CAPITAL MANAGEMENT, LLC116,394,795$43.9B2.44%
Capital Research Global Investors113,126,312$42.7B2.37%
PRICE T ROWE ASSOCIATES INC /MD/82,851,970$31.3B1.74%
Capital International Investors81,822,766$30.9B1.71%
JPMORGAN CHASE & CO72,775,281$27.1B1.52%
Invesco Ltd.69,184,330$26.1B1.45%
NORGES BANK65,970,988$24.9B1.38%
BANK OF AMERICA CORP /DE/61,423,013$23.2B1.29%
MORGAN STANLEY54,073,556$20.4B1.13%

Institutional ownership by quarter

2023-092026-0678.5%
% of shares held by 13F filers
2023-092026-064,814
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-304,81478.5%3512,2891,867140
2026-03-314,65575.3%2852,3291,740223
2025-12-314,67976.4%6521,9091,821109
2025-09-304,24474.2%3781,7391,784101
2025-06-304,04475.7%4951,8181,472158
2025-03-313,77275.1%2481,7631,513270
2024-12-313,86874.8%6771,4941,430109
2024-09-303,36573.7%3212,97152132
2024-06-303,22375.1%3371,4521,15393
2024-03-313,02274.3%3371,1561,233106
2023-12-312,83174.7%5461,14194297
2023-09-302,42369.7%20099597497

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%354,715,196
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-02-07SCHEDULE 13G/ACapital International Investors4.1%193,498,833
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX2.28%$53.0B
VTSAX2.28%$53.0B
VSMPX2.28%$53.0B
VTI2.28%$53.0B
VFINX2.54%$43.9B
VFIAX2.54%$43.9B

Share structure

Shares outstanding4,773,629,865
Float4,683,012,182
Free float98.1%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$27.4B$33.2B$35.8B$51.6B$63.9B
Cost of revenue$10.6B$11.1B$11.1B$19.1B$20.6B
Gross profit$16.8B$22.1B$24.7B$32.5B$43.3B
R&D$4.9B$4.9B$5.3B$9.3B$11.0B
SG&A$1.3B$1.4B$1.6B$5.0B$4.2B
Operating income$8.5B$14.2B$16.2B$13.5B$25.5B
EBITDA$14.7B$19.2B$20.6B$23.9B$34.7B
Pretax income$6.8B$12.4B$15.1B$9.9B$22.7B
Income tax$29.0M$939.0M$1.0B$3.7B−$397.0M
Net income$6.7B$11.5B$14.1B$5.9B$23.1B
EPS, diluted$1.50$2.65$3.30$1.23$4.77
Diluted shares4.3B4.2B4.3B4.8B4.9B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$12.2B$12.4B$14.2B$9.3B$16.2B
Receivables$2.1B$3.0B$3.2B$4.4B$7.1B
Inventory$1.3B$1.9B$1.9B$1.8B$2.3B
Total current assets$16.6B$18.5B$20.8B$19.6B$31.6B
PP&E, net$2.3B$2.2B$2.6B$2.5B$2.5B
Goodwill & intangibles$54.8B$50.7B$47.5B$138.5B$130.1B
Total assets$75.6B$73.2B$72.9B$165.6B$171.1B
Accounts payable$1.1B$998.0M$1.2B$1.7B$1.6B
Total current liabilities$6.3B$7.1B$7.4B$16.7B$18.5B
Long-term debt$39.4B$39.1B$37.6B$66.3B$62.0B
Total liabilities$50.6B$50.5B$48.9B$98.0B$89.8B
Shareholders' equity$25.0B$22.7B$24.0B$67.7B$81.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$6.7B$11.5B$14.1B$5.9B$23.1B
Depreciation & amortization$6.0B$5.0B$3.8B$10.0B$8.8B
Stock-based compensation$1.7B$1.5B$2.2B$5.7B$7.6B
Change in working capital−$127.0M−$1.7B−$1.6B−$4.6B−$8.5B
Operating cash flow$13.8B$16.7B$18.1B$20.0B$27.5B
Capital expenditure−$443.0M−$424.0M−$452.0M−$548.0M−$623.0M
Free cash flow$13.3B$16.3B$17.6B$19.4B$26.9B
Investing cash flow−$245.0M−$667.0M−$689.0M−$23.1B−$580.0M
Net debt issued / repaid−$1.6B−$426.0M−$403.0M$20.3B−$2.8B
Buybacks−$1.3B−$8.5B−$7.7B−$12.4B−$6.3B
Dividends paid−$6.2B−$7.0B−$7.6B−$9.8B−$11.1B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin61.4%66.5%68.9%63.0%67.8%
Operating margin31.0%43.0%45.2%26.1%39.9%
Net margin24.5%34.6%39.3%11.4%36.2%
FCF margin48.5%49.1%49.2%37.6%42.1%
ROE27.6%48.2%60.3%12.9%31.0%
ROIC16.0%26.2%30.6%6.7%19.9%
ROA8.9%15.4%19.3%4.9%13.7%
Debt / equity1.611.761.651.000.80
Interest coverage6.0x8.2x13.7x3.6x8.1x
Current ratio2.642.622.821.171.71
Revenue growth+14.9%+21.0%+7.9%+44.0%+23.9%
EPS growth+125.5%+71.5%+23.1%−63.0%+287.4%
P/E at year end31.5x16.8x24.9x137.6x78.1x
EV / EBITDA at year end16.4x11.5x18.3x36.4x54.0x
FCF yield at year end6.28%8.43%5.03%2.39%1.49%
Dividend payout92.2%61.2%54.3%166.5%48.2%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Semiconductor Solutions$20.4B$25.8B$28.2B$30.1B$36.9B
Infrastructure Software$7.1B$7.4B$7.6B$21.5B$27.0B

Revenue by region · FY2025

Asia Pacific$35.9B · 56%
Americas$18.9B · 30%
EMEA$9.1B · 14%

Street estimates by fiscal year

Next report 2026-12-09 · consensus EPS $3.82 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$106.0B$105.9B – $106.2B$11.68$11.39 – $13.692728.2x
2027$174.1B$167.6B – $184.5B$19.25$18.16 – $21.362817.1x
2028$281.4B$159.0B – $312.0B$30.64$21.44 – $44.491710.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-02$3.22$3.32+3.1%$29.2B$29.6B+1.2%
2026-06-03$2.40$2.44+1.7%$22.1B$22.2B+0.3%
2026-03-04$2.03$2.05+1.0%$19.3B$19.3B+0.3%
2025-12-11$1.87$1.95+4.3%$17.5B$18.0B+3.1%
2025-09-04$1.66$1.69+1.8%$15.8B$16.0B+0.8%
2025-06-05$1.57$1.58+0.6%$15.0B$15.0B+0.3%
2025-03-06$1.51$1.60+6.0%$14.6B$14.9B+2.1%
2024-12-12$1.38$1.42+2.9%$14.1B$14.1B−0.1%
2024-09-05$1.22$1.24+1.6%$13.0B$13.1B+0.7%
2024-06-12$1.09$1.10+0.9%$12.1B$12.5B+3.6%
2024-03-07$1.04$1.10+6.1%$11.8B$12.0B+1.4%
2023-12-07$1.10$1.11+0.9%$9.4B$9.3B−1.2%
2023-08-31$1.04$1.05+1.0%$9.3B$8.9B−4.3%
2023-06-01$1.01$1.03+2.0%$8.7B$8.7B+0.3%
2023-03-02$1.02$1.03+1.0%$8.9B$8.9B+0.2%
2022-12-08$1.03$1.05+1.9%$8.9B$8.9B+0.3%
2022-09-01$0.96$0.97+1.0%$8.4B$8.5B+0.6%
2022-05-26$0.87$0.91+4.6%$7.9B$8.1B+2.4%
2022-03-03$0.82$0.84+2.4%$7.6B$7.7B+1.3%
2021-12-09$0.78$0.780.0%$7.6B$7.4B−2.3%
2021-09-02$0.69$0.70+1.4%$6.4B$6.8B+5.4%
2021-06-03$0.64$0.66+3.1%$6.5B$6.6B+1.6%
2021-03-04$0.66$0.660.0%$6.6B$6.7B+0.8%
2020-12-10$0.63$0.64+1.6%$6.2B$6.5B+5.1%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
8.506-159.906-226.806-299.307-067.207-136.107-208.007-277.208-037.008-109.408-177.508-2411.408-31
Week ofNotionalSharesTrades
2026-08-31$11.4B31,712,615614,125
2026-08-24$7.5B20,682,336458,257
2026-08-17$9.4B25,288,516567,104
2026-08-10$7.0B16,948,966433,162
2026-08-03$7.2B17,326,811448,405
2026-07-27$8.0B20,929,431468,082

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1527.5%
DateShort shareShort volumeTotal volume
2026-10-1527.5%2,751,1689,992,716
2026-10-1434.6%2,584,3477,459,075
2026-10-1324.1%1,479,6006,129,022
2026-10-1223.7%1,208,7005,108,547
2026-10-0935.1%1,877,3245,349,982
2026-10-0840.5%4,276,21510,549,532
2026-10-0739.2%2,660,2356,778,348
2026-10-0636.3%4,880,19913,447,493
2026-10-0538.7%2,877,1977,443,729
2026-10-0229.7%2,557,2448,619,948
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.6Jan+3.3Feb+2.1Mar-0.7Apr+7.8May+4.9Jun+0.4Jul+3.0Aug+2.7Sep+2.0Oct+5.5Nov+8.4Dec
MonthAvg returnUp yearsYears
Jan+1.6%59%17
Feb+3.3%59%17
Mar+2.1%59%17
Apr−0.7%38%16
May+7.8%81%16
Jun+4.9%75%16
Jul+0.4%56%16
Aug+3.0%71%17
Sep+2.7%59%17
Oct+2.0%76%17
Nov+5.5%82%17
Dec+8.4%76%17
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1434.8
MFI36.9
ADX19.1
Stochastic %K / %D10.1 / 19.4
Williams %R-99.7
CCI-211
TSI / signal-10.3 / -7.3
Chaikin money flow-0.06
ATR$11.56
Bollinger width11.9%
Volume vs 20-day avg1.32x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$355.39 (−7.5%)
SMA 50$365.61 (−10.1%)
SMA 200$368.10 (−10.7%)
EMA 21$354.48 (−7.3%)
EMA 50$363.18 (−9.5%)
EMA 200$362.77 (−9.4%)
Bollinger upper$376.62 (−12.7%)
Bollinger lower$334.17 (−1.6%)
Parabolic SAR$378.26 (−13.1%)
Open the live chart, 110+ indicators

About Broadcom Inc.

Broadcom Inc. is a prominent global technology enterprise focused on the innovation, development, and supply of advanced semiconductor solutions and critical infrastructure software. The company's headquarters are situated in San Jose, California, and it maintains a significant team of 19,000 full-time staff. Its operations are segmented into four primary divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. Broadcom’s diverse product range is integrated into numerous end-user technologies, including enterprise and data center networking, residential internet solutions, digital television receivers, telecommunications apparatus, mobile phones, data center servers and storage architectures, industrial automation, alternative and power generation systems, and electronic display technologies. The company's product offerings extend from fundamental discrete components to intricate sub-systems incorporating various device categories. This also encompasses specialized firmware designed to facilitate interaction between analog and digital systems, alongside mechanical hardware engineered to connect with optoelectronic or capacitive sensing technologies.

https://www.broadcom.com

Key executives

NameTitlePayBorn
Hock E. TanPresident, Chief Executive Officer & Executive Director$2.9M1952
Hock TanPresident, Chief Executive Officer & Executive Director$2.9M1952
Charlie KawwasPresident of Semiconductor Solutions$2.1M1971
Mark D. BrazealChief Legal & Corporate Affairs Officer$1.4M1968
Kirsten SpearsConsultant$1.0M1964
Amie Thuener O'TooleChief Financial Officer—1975
Frank OstojicSenior Vice President & GM of ASIC Products Division——
Jill TurnerVice President of Human Resources——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Hock E. Tan President and Chief Executive Officer2023$1.2M$160.5M$0$161.8M
Charlie B. Kawwas, Ph.D. President, Semiconductor Solutions Group2023$721,000$48.2M$781,715$49.7M
Mark D. Brazeal Chief Legal and Corporate Affairs Officer2023$515,000$14.3M$649,984$15.5M
Kirsten M. Spears Chief Financial Officer and Chief Accounting Officer2023$412,000$14.3M$500,275$15.2M

Employees

15k201819k201921k202020k202120k202220k202337k202433k2025

Dividends

Ex-dateAmountPaid
2026-09-21$0.652026-09-30
2026-06-22$0.652026-06-30
2026-03-23$0.652026-03-31
2025-12-22$0.652025-12-31
2025-09-22$0.592025-09-30
2025-06-20$0.592025-06-30
2025-03-20$0.592025-03-31
2024-12-23$0.592024-12-31

Moat model

Wide · Cost Advantage · 2026-08-02
Cost advantage100
Intangibles100
Switching costs100
Network effect80
Efficient scale100
Our component scores (0-100) and overall 97.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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