AVGO

MKT CAP:$2.0T

Broadcom Inc.

Market Cap

$2.0T

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$422.56+$74.94 (+21.56%)

Apr 24, 2026

Company Details

Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. The company is headquartered in San Jose, California and currently employs 19,000 full-time employees. ...

CEO

Hock E. Tan

IPO Date

Aug 6, 2009

Website

www.broadcom.com

Key Metrics TTM

Revenue

$68.3B

+25.2% YoY

Net Income

$25.0B

EPS (Diluted)

$5.12

Free Cash Flow

$28.9B

Revenue / Share

$13.97

Gross Margin

67.1%

Operating Margin

40.9%

Net Margin

36.6%

FCF Margin

42.3%

P/S

29.3x

P/E

80.2x

Earnings Reports

Q1 2026

Mar 11, 2026

$19.3B+29.5%EPS $1.50

FY 2025

Dec 18, 2025

$63.9B+23.9%EPS $4.77

Q4 2025

Dec 18, 2025

$18.0B+28.2%EPS $1.74

Q3 2025

Sep 10, 2025

$16.0B+22.0%EPS $0.85

Q2 2025

Jun 11, 2025

$15.0B+20.2%EPS $1.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$7.7B	$5.0B	$3.1B
Q2 22	$8.1B	$5.4B	$3.4B
Q3 22	$8.5B	$5.7B	$3.7B
Q4 22	$8.9B	$5.9B	$4.0B
Q1 23	$8.9B	$6.0B	$4.1B
Q2 23	$8.7B	$6.1B	$4.0B
Q3 23	$8.9B	$6.2B	$3.9B
Q4 23	$9.3B	$6.4B	$4.2B
Q2 24	$12.5B	$7.8B	$3.0B
Q3 24	$13.1B	$8.4B	$3.8B
Q4 24	$14.1B	$9.0B	$4.6B
Q1 25	$14.9B	$10.1B	$6.3B
Q2 25	$15.0B	$10.2B	$5.8B
Q3 25	$16.0B	$10.7B	$5.9B
Q4 25	$18.0B	$12.2B	$7.5B
Q1 26	$19.3B	$12.7B	$8.7B

Valuation

Quarter	P/S	P/E
Q1 22	8.4x	30.6x
Q2 22	7.8x	26.2x
Q3 22	7.0x	21.8x
Q4 22	5.9x	17.1x
Q1 23	7.0x	18.9x
Q2 23	7.5x	19.3x
Q3 23	10.5x	26.7x
Q4 23	10.6x	27.0x
Q2 24	15.5x	49.2x
Q3 24	15.2x	94.0x
Q4 24	16.2x	97.8x
Q1 25	18.8x	101.7x
Q2 25	16.6x	73.3x
Q3 25	23.5x	74.4x
Q4 25	26.9x	74.2x
Q1 26	22.9x	62.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$3.5B	$3.4B
Q2 22	$4.2B	$4.2B
Q3 22	$4.4B	$4.3B
Q4 22	$4.6B	$4.5B
Q1 23	$4.0B	$3.9B
Q2 23	$4.5B	$4.4B
Q3 23	$4.7B	$4.6B
Q4 23	$4.8B	$4.7B
Q2 24	$4.6B	$4.4B
Q3 24	$5.0B	$4.8B
Q4 24	$5.6B	$5.5B
Q1 25	$6.1B	$6.0B
Q2 25	$6.6B	$6.4B
Q3 25	$7.2B	$7.0B
Q4 25	$7.7B	$7.5B
Q1 26	$8.3B	$8.0B

Capital Expenditures

Quarter	CapEx
Q1 22	$101M
Q2 22	$85M
Q3 22	$116M
Q4 22	$122M
Q1 23	$103M
Q2 23	$122M
Q3 23	$122M
Q4 23	$105M
Q2 24	$132M
Q3 24	$172M
Q4 24	$122M
Q1 25	$100M
Q2 25	$144M
Q3 25	$142M
Q4 25	$237M
Q1 26	$250M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+15.8%	-5.0%
Q2 22	+22.6%	+1.2%
Q3 22	+24.9%	+1.6%
Q4 22	+20.6%	+2.4%
Q1 23	+15.7%	+5.1%
Q2 23	+7.8%	+0.7%
Q3 23	+4.9%	+6.2%
Q4 23	+4.1%	+2.2%
Q2 24	+40.1%	+97.9%
Q3 24	+49.7%	+96.5%
Q4 24	+58.3%	+87.8%
Q1 25	+60.5%	+71.2%
Q2 25	+20.2%	-3.6%
Q3 25	+22.0%	+8.4%
Q4 25	+28.2%	+11.5%
Q1 26	+29.5%	+22.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$387M	5.0%
Q2 22	$386M	4.8%
Q3 22	$373M	4.4%
Q4 22	$387M	4.3%
Q1 23	$391M	4.4%
Q2 23	$513M	5.9%
Q3 23	$629M	7.1%
Q4 23	$638M	6.9%
Q2 24	$1.5B	11.7%
Q3 24	$1.4B	10.6%
Q4 24	$1.3B	9.3%
Q1 25	$1.3B	8.6%
Q2 25	$1.8B	11.8%
Q3 25	$2.3B	14.6%
Q4 25	$2.2B	12.2%
Q1 26	$2.2B	11.3%

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 22	$1.2B	$321M	—
Q2 22	$1.3B	$368M	—
Q3 22	$1.3B	$323M	—
Q4 22	$1.2B	$370M	—
Q1 23	$1.2B	$348M	—
Q2 23	$1.3B	$438M	—
Q3 23	$1.4B	$388M	—
Q4 23	$1.4B	$418M	—
Q2 24	$2.4B	$1.3B	—
Q3 24	$2.4B	$1.1B	—
Q4 24	$2.2B	$1.0B	—
Q1 25	$2.3B	$949M	—
Q2 25	$2.7B	$1.1B	—
Q3 25	$3.0B	—	$1.1B
Q4 25	$3.0B	—	$1.1B
Q1 26	$3.0B	—	$1.0B

Revenue Segments

Quarter	Infrastructure Software	Semiconductor Solutions
Q1 22	$1.8B	$5.9B
Q2 22	$1.9B	$6.2B
Q3 22	$1.8B	$6.6B
Q4 22	$1.8B	$7.1B
Q1 23	$1.8B	$7.1B
Q2 23	$1.9B	$6.8B
Q3 23	$1.9B	$6.9B
Q4 23	$2.0B	$7.3B
Q2 24	$5.3B	$7.2B
Q3 24	$5.8B	$7.3B
Q4 24	$5.8B	$8.2B
Q1 25	$6.7B	$8.2B
Q2 25	$6.6B	$8.4B
Q3 25	$6.8B	$9.2B
Q4 25	$6.9B	$11.1B
Q1 26	$6.8B	$12.5B

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 22	$1.7B	$5.1B	$937M
Q2 22	$1.8B	$5.4B	$906M
Q3 22	$1.8B	$5.8B	$857M
Q4 22	$1.7B	$6.2B	$1.1B
Q1 23	$1.8B	$6.1B	$939M
Q2 23	$2.2B	$5.6B	$915M
Q3 23	$2.1B	$5.9B	$840M
Q4 23	$2.1B	$6.3B	$926M
Q2 24	$3.9B	$6.8B	$1.9B
Q3 24	$4.0B	$7.0B	$2.0B
Q4 24	$4.0B	$7.9B	$2.1B
Q1 25	$4.6B	$8.0B	$2.3B
Q2 25	$4.7B	$8.1B	$2.2B
Q3 25	$4.7B	$9.0B	$2.3B
Q4 25	$4.9B	$10.8B	$2.3B
Q1 26	$5.1B	$11.6B	$2.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$9.0B	$0	$9.0B
Q3 22	$10.0B	$0	$10.0B
Q4 22	$12.4B	$0	$12.4B
Q1 23	$12.6B	$0	$12.6B
Q2 23	$11.6B	$0	$11.6B
Q3 23	$12.1B	$0	$12.1B
Q4 23	$14.2B	$0	$14.2B
Q1 24	$11.9B	$0	$11.9B
Q2 24	$9.8B	$0	$9.8B
Q3 24	$10.0B	$0	$10.0B
Q4 24	$9.3B	$0	$9.3B
Q1 25	$9.3B	$0	$9.3B
Q2 25	$9.5B	$0	$9.5B
Q3 25	$10.7B	$0	$10.7B
Q4 25	$16.2B	$0	$16.2B
Q1 26	$14.2B	$0	$14.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	4.29B	-0.5%	-0.0%
Q2 22	4.25B	-0.9%	-1.2%
Q3 22	4.31B	+1.4%	+0.2%
Q4 22	4.29B	-0.5%	-0.5%
Q1 23	4.29B	0.0%	0.0%
Q2 23	4.27B	-0.5%	+0.5%
Q3 23	4.27B	0.0%	-0.9%
Q4 23	4.27B	0.0%	-0.5%
Q2 24	4.80B	+12.4%	+11.9%
Q3 24	4.66B	-2.9%	+9.2%
Q4 24	4.83B	+3.5%	+13.1%
Q1 25	4.84B	+0.2%	+13.3%
Q2 25	4.83B	-0.2%	+0.5%
Q3 25	4.86B	+0.7%	+4.2%
Q4 25	4.89B	+0.6%	+1.3%
Q1 26	4.89B	-0.0%	+1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$385.3K	20K
Q2 22	$405.1K	20K
Q3 22	$423.2K	20K
Q4 22	$446.5K	20K
Q1 23	$445.8K	20K
Q2 23	$436.6K	20K
Q3 23	$443.8K	20K
Q4 23	$464.8K	20K
Q2 24	$624.4K	20K
Q3 24	$653.6K	20K
Q4 24	$379.8K	37K
Q1 25	$403.1K	37K
Q2 25	$405.5K	37K
Q3 25	$431.1K	37K
Q4 25	$545.9K	33K
Q1 26	$585.2K	33K

Revenue / Employee