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Nasdaq · Technology

Broadcom Inc. (AVGO)

As-reported financials and SEC filings for Broadcom Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Broadcom Inc.

Broadcom Inc. designs, develops, and supplies semiconductor and semiconductor-based solutions along with infrastructure software solutions. Its products include digital and mixed signal devices, network interface cards, switches, and modules used in data centers, networking equipment, wireless devices, and storage systems. Broadcom serves business and government customers, including hyperscalers, original equipment manufacturers, and system integrators across markets such as networking connectivity, wireless device connectivity, servers and storage systems, and broadband.

Snapshot

Revenue
$63.89B
Revenue growth (YoY)
23.9%
Net income
$23.13B
Diluted EPS
$4.77
Gross margin
67.8%
Operating margin
39.9%
Net margin
36.2%
FCF margin
42.1%
ROE
28.4%
net income / fiscal-year-end equity
P/E
46.4×
trailing when available, otherwise FY EPS
Market cap
$1.73T
Long-term debt / equity
0.76×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended November 2, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Broadcom

  • Revenue grew 23.9% to $63.9B in FY2025, slower than the 44.0% the year before.
  • Operating margin is 39.9% in FY2025, +8.9 pp against 31.0% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $29.6B, up 85.5% from Q3 FY2025.
  • Free cash flow was $26.9B in FY2025, 42.1% of revenue.
  • Net income rose 292.3% to $23.1B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Broadcom’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin67.8%
91st percentile of 78
Operating margin39.9%
97th percentile of 79
Net margin36.2%
97th percentile of 80
FCF margin42.1%
96th percentile of 78
Revenue growth (YoY)+23.9%
68th percentile of 88
ROE28.4%
93rd percentile of 74
P/E46.4×
65th percentile of 44
Long-term debt / equity0.76×
84th percentile of 44
Short interest3.21d
57th percentile of 88

Broadcom’s operating margin of 39.9% ranks in the 97th percentile of the 79 semiconductor companies reporting it. Broadcom’s net margin of 36.2% ranks in the 97th percentile of the 80 semiconductor companies reporting it. Broadcom’s FCF margin of 42.1% ranks in the 96th percentile of the 78 semiconductor companies reporting it.

No reported insider purchases (code P) in the last 90 days; 53 insider sales totaling $283.7M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 13 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
13
+7 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
16
13 trimmed, 3 exited
Combined position
$10.67B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$2.52B6.7MAdded
Coatue ManagementQ2 2026$2.21B5.8MAdded
Citadel AdvisorsquantQ2 2026$1.10B2.9MReduced
D. E. ShawquantQ2 2026$1.03B2.7MReduced
Polen Capital ManagementQ2 2026$740.5M2.0MReduced
Tiger Global ManagementQ2 2026$662.6M1.8MReduced
Bridgewater AssociatesQ2 2026$497.8M1.3MReduced
Sands Capital ManagementQ2 2026$425.7M1.1MReduced
Point72 Asset ManagementquantQ2 2026$386.6M1.0MReduced
Renaissance TechnologiesquantQ2 2026$321.0M849.8KAdded
Two Sigma InvestmentsquantQ2 2026$211.7M560.5KReduced
ARK Investment ManagementQ2 2026$153.8M407.2KReduced
Millennium ManagementquantQ2 2026$139.5M369.3KReduced
Gotham Asset ManagementQ2 2026$127.6M337.8KReduced
Soros Fund ManagementQ2 2026$62.4M165.2KAdded
AppaloosaQ2 2026$56.7M150.0KNew
Whale Rock Capital ManagementQ2 2026$22.6M59.8KReduced
Dodge & CoxQ2 2026$7.3M19.3KHeld
Maverick CapitalQ2 2026$2.2M5.7KNew
Harris Associates (Oakmark)Q2 2026$672,0171.8KReduced

No longer held by: Altimeter Capital Management (as of Q2 2026), Duquesne Family Office (as of Q2 2026), Third Point (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
53
$283.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-10
filed 2026-07-14
Brazeal Mark DavidChief Legal & Corp Affairs OfcSell25.0K$401.33$10.0M
2026-07-08
filed 2026-07-10
Brazeal Mark DavidChief Legal & Corp Affairs OfcSell25.0K$379.19$9.5M
2026-07-08
filed 2026-07-10
DELLY GAYLA JDirectorSell1.9K$385.38$728K
2026-06-29
filed 2026-07-01
PAGE JUSTINEDirectorSell1.6K$373.86$599K
2026-06-25
filed 2026-06-29
Brazeal Mark DavidChief Legal & Corp Affairs OfcSell25.0K$387.00$9.7M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell53.7K$385.57$20.7M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell49.8K$380.57$19.0M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell49.0K$380.57$18.6M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell47.5K$385.61$18.3M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell43.3K$384.58$16.7M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell41.3K$384.63$15.9M
2026-06-24
filed 2026-06-26
SAMUELI HENRYDirectorSell36.7K$381.68$14.0M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
56.2M
settled 2026-08-14
Change vs prior
-8.2%
vs previous settlement
Days to cover
3.21
at avg daily volume
Avg daily volume
17.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1456.2M-8.2%3.21
2026-07-3161.2M-10.8%3.22
2026-07-1568.6M-2.1%3.02
2026-06-3070.1M+14.1%2.23
2026-06-1561.5M+5.1%1.50
2026-05-2958.5M+9.8%2.87
2026-05-1553.2M+4.4%2.88
2026-04-3051.0M-6.6%2.59

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$63.89B$51.57B$35.82B$33.20B$27.45B
Gross profit$43.29B$32.51B$24.69B$22.09B$16.84B
Operating income$25.48B$13.46B$16.21B$14.22B$8.52B
Net income$23.13B$5.89B$14.08B$11.49B$6.74B
Diluted EPS$4.77$1.23$3.30$2.65$1.50

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$27.54B$19.96B$18.09B$16.74B$13.76B
Capital expenditure$623.0M$548.0M$452.0M$424.0M$443.0M
Free cash flow$26.91B$19.41B$17.63B$16.31B$13.32B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$29.59B85.5%$13.09B$2.68
Q2 FY2026$22.19B47.9%$9.31B$1.91
Q1 FY2026$19.31B29.5%$7.35B$1.50
Q4 FY2025$18.02B28.2%$8.52B$1.74
Q3 FY2025$15.95B22.0%$4.14B$0.85
Q2 FY2025$15.00B20.2%$4.96B$1.03
Q1 FY2025$14.92B24.7%$5.50B$1.14
Q4 FY2024$14.05B51.2%$0.90

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2025 (ended November 2, 2025)
Latest reported quarterQ3 FY2026 (ended August 2, 2026)
Oldest indexed filing2018
SEC CIK1730168

Selected SEC filings

10-K2025-12-18
View on EDGAR →
10-K2024-12-20
View on EDGAR →
10-Q2026-09-10
View on EDGAR →
10-Q2026-06-09
View on EDGAR →
10-Q2026-03-11
View on EDGAR →
10-Q2025-09-10
View on EDGAR →
8-K2026-09-02
View on EDGAR →
8-K2026-07-06
View on EDGAR →

Largest semiconductor peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.