Broadcom
AVGO Nasdaq· Semiconductors
Last close · Oct 26, 2026
$329.17
KIRA · Stoqly’s AI analyst, in plain words
- Broadcom had $63.9B of revenue in fiscal 2025, up 23.9% on the year before. Over five years, revenue changed +21.7% a year on average.
- Its operating margin was 39.9%, up 13.8 pts: of every 100 in sales, about 40 is left after running the business.
- Broadcom made $23.1B of net profit in fiscal 2025.
- Free cash flow was $26.9B in fiscal 2025, 42.1% of revenue.
- Broadcom returned $13.6B to shareholders in fiscal 2025, 51% of free cash flow. The diluted share count rose 1.6%.
- Broadcom owes $49.0B more than it holds in cash, about 1.4 years of operating profit.
Market cap
$1.61T
P/E
42.0x
Revenue
$63.9B
Net income
$23.1B
Free cash flow
$26.9B
Operating margin
39.9%
Broadcom in 30 seconds · fiscal 2025
Are sales growing?
+23.9%
Yes. Sales grew 23.9% last year.
Does it make a profit?
36.2%
Yes. It keeps 36.2% of every sale as profit.
Does profit turn into cash?
42.1%
Yes. 42.1% of sales ends up as free cash.
Is debt under control?
1.4x
Keep an eye on it. Repaying its debt would take 1.4 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
42.0x
One share costs 42.0 times its yearly profit per share. Typical for its sector: 33.0x.
What Broadcom does
Broadcom designs and sells computer chips and software that large businesses and governments use to run their computer systems. Its chips go into AI data centers, networking gear, servers and storage, smartphones, broadband modems, set-top boxes and factory equipment. Its software, including VMware products, helps companies run their own private clouds (computing systems they control rather than rent), manage mainframe computers and protect against cyberattacks. Broadcom reports two segments. Semiconductor solutions made 58% of net revenue in fiscal 2025, and infrastructure software made the rest. Its AI products include custom chips built to each customer's design and switches that move data between servers. A few customers bring in much of its money: one customer accounted for 32% of net revenue in fiscal 2025, and Broadcom believes its top five end customers made up about 40%.
Biggest risks, in its own words
- Losing, or getting much less business from, the few large customers that account for much of its revenue.
- Its reliance on outside manufacturers and a small number of suppliers for key parts of its chips.
- Big spending on research and new business models may pay off slowly or not at all.
- Its software growth depends on customers accepting its VMware products and business strategy.
- Fiscal year ends
- November 2, 2025
- Latest annual report
- 10-K · Dec 18, 2025
- Legal name
- Broadcom Inc.
- CIK
- 0001730168
Broadcom · AVGO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $27.5B | $33.2B | $35.8B | $51.6B | $63.9B |
| Revenue growth | 14.9% | 21.0% | 7.9% | 44.0% | 23.9% |
| Gross margin | 61.4% | 66.6% | 68.9% | 63.0% | 67.8% |
| Operating margin | 31.0% | 42.8% | 45.3% | 26.1% | 39.9% |
| Net income | $6.7B | $11.5B | $14.1B | $5.9B | $23.1B |
| Net margin | 24.5% | 34.6% | 39.3% | 11.4% | 36.2% |
| Diluted EPS | $1.50 | $2.65 | $3.30 | $1.23 | $4.77 |
| Cash | |||||
| Cash from operations | $13.8B | $16.7B | $18.1B | $20.0B | $27.5B |
| Capital expenditure | $443M | $424M | $452M | $548M | $623M |
| Free cash flow | $13.3B | $16.3B | $17.6B | $19.4B | $26.9B |
| FCF margin | 48.5% | 49.1% | 49.2% | 37.6% | 42.1% |
| Dividends paid | $5.9B | $6.7B | $7.6B | $9.8B | $11.1B |
| Share buybacks | $0.0M | $7.0B | $5.8B | $7.2B | $2.5B |
| Share count change | 1.9% | −1.4% | 1.0% | 11.8% | 1.6% |
| Debt and strength | |||||
| Cash and short-term investments | $12.2B | $12.4B | $14.2B | $9.3B | $16.2B |
| Debt incl. finance leases | $39.7B | $39.5B | $39.2B | $67.5B | $65.1B |
| Shareholders' equity | $25.0B | $22.7B | $24.0B | $67.7B | $81.3B |
| Net debt / EBITDA | 3.0x | 1.8x | 1.3x | 2.5x | 1.4x |
| Current ratio | 2.6x | 2.6x | 2.8x | 1.2x | 1.7x |
| Interest coverage | 4.5x | 8.2x | 10.0x | 3.4x | 7.9x |
| Returns and quality | |||||
| Return on capital | 15.4% | 25.7% | 30.6% | 9.6% | 19.9% |
| Return on equity | 27.6% | 48.2% | 60.3% | 12.9% | 31.1% |
| Piotroski F-score | 8 | 7 | 7 | 4 | 7 |
| Altman Z'' | 2.2 | 2.9 | 3.3 | 1.4 | 2.6 |
Insiders bought, 12 months
$0.7M
1 insider
Insiders sold, 12 months
$1.2B
8 insiders
Of sales under plans
75%
$879M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Broadcom · AVGO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Broadcom AVGO | $1.61T | 23.9% | 39.9% | 42.1% | 19.9% | 42.0x | 7 |
| Intel INTC | $461.8B | −0.5% | −4.2% | −9.4% | −0.8% | — | 6 |
| Qualcomm QCOM | $192.0B | 13.7% | 27.9% | 29.0% | 23.7% | 20.5x | 6 |
| AMD AMD | $881.4B | 34.3% | 10.7% | 19.4% | 6.7% | 136.6x | 8 |
| Micron Technology MU | $1.03T | 256.3% | 74.6% | 44.3% | 106.8% | — | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $329.17 a share, the company is worth $1.61T: 42.0 times its earnings of the last four quarters.
Broadcom grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 1 of 2.
Source: SEC EDGAR XBRL filings (CIK 0001730168). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.