DalsnaFinance

Broadcom $AVGO

Information Technology · Semiconductors · NASDAQ

Profile updated Figures as of

S&P 500 Nasdaq-100 Russell 1000 California
Create a scorecard
$338.24
+3.65 (+1.09%)
As of Oct 20, 2026, 11:03 AM EDT
Price history
Loading chart…
Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jun 9, 2026, the first target we tracked for AVGO.

Key facts

52-week range (closes)
$293.41 – $481.57 Lowest close Mar 30, 2026, highest Jun 2, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends
November Fiscal 2025 ended Nov 2, 2025, from SEC filings
In the S&P 500 since
May 8, 2014 · All S&P 500 changes
In the Nasdaq-100 since
Feb 1, 2016 · Avago Technologies changed its name to Broadcom. Former ticker BRCM retired. · All Nasdaq-100 changes
Analyst coverage
11 open price targets from 10 firms: TD Cowen, Barclays, Bernstein, Cantor Fitzgerald, DA Davidson, JPMorgan, Mizuho, Oppenheimer, RBC Capital Markets, UBS Approved targets tracked here; see the analyst section below

Broadcom (AVGO) is trading up at $338.24 (+1.09%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.

Analyst price targets on AVGO

Current price targets from 10 firms average $502, median $515, ranging from $350 to $600 — the average is 48% above the current $338. Each is tracked to its date and scored the same way a member's call is.

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Broadcom revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$63.9B$31.1B−$1.74BFY2016 revenue: $13.2BFY2016 net income: −$1.74B · Net margin −13.1%'16FY2017 revenue: $17.6BFY2017 net income: $1.69B · Net margin 9.6%'17FY2018 revenue: $20.8BFY2018 net income: $12.3B · Net margin 58.8%'18FY2019 revenue: $22.6BFY2019 net income: $2.69B · Net margin 11.9%'19FY2020 revenue: $23.9BFY2020 net income: $2.66B · Net margin 11.1%'20FY2021 revenue: $27.4BFY2021 net income: $6.44B · Net margin 23.4%'21FY2022 revenue: $33.2BFY2022 net income: $11.5B · Net margin 34.6%'22FY2023 revenue: $35.8BFY2023 net income: $14.1B · Net margin 39.3%'23FY2024 revenue: $51.6BFY2024 net income: $5.89B · Net margin 11.4%'24FY2025 revenue: $63.9BFY2025 net income: $23.1B · Net margin 36.2%'250%50%100%150%FY2016 net margin: −13.1% (off the scale, which stops at −4.1%)FY2017 net margin: 9.6%FY2018 net margin: 58.8%FY2019 net margin: 11.9%FY2020 net margin: 11.1%FY2021 net margin: 23.4%FY2022 net margin: 34.6%FY2023 net margin: 39.3%FY2024 net margin: 11.4%FY2025 net margin: 36.2%
Broadcom annual financial statements
FY2016Oct 2016FY2017Oct 2017FY2018Nov 2018FY2019Nov 2019FY2020Nov 2020FY2021Oct 2021FY2022Oct 2022FY2023Oct 2023FY2024Nov 2024FY2025Nov 2025
Income statement
Revenue$13.2B$17.6B$20.8B$22.6B$23.9B$27.4B$33.2B$35.8B$51.6B$63.9B
Growth (year over year)—+33.2%+18.2%+8.4%+5.7%+14.9%+21.0%+7.9%+44.0%+23.9%
Gross profit$5.94B$8.51B$10.7B$12.5B$13.5B$16.8B$22.1B$24.7B$32.5B$43.3B
Gross margin44.9%48.2%51.5%55.2%56.6%61.4%66.5%68.9%63.0%67.8%
Operating income−$409.0M$2.37B$5.13B$3.44B$4.01B$8.52B$14.2B$16.2B$13.5B$25.5B
Operating margin−3.1%13.4%24.6%15.2%16.8%31.0%42.8%45.2%26.1%39.9%
Net income−$1.74B$1.69B$12.3B$2.69B$2.66B$6.44B$11.5B$14.1B$5.89B$23.1B
Net margin−13.1%9.6%58.8%11.9%11.1%23.4%34.6%39.3%11.4%36.2%
EPS (diluted)−$0.49$0.40$2.84$0.64$0.63$1.50$2.65$3.30$1.23$4.77
Balance sheet
Cash and equivalents$3.10B$11.2B$4.29B$5.05B$7.62B$12.2B$12.4B$14.2B$9.35B$16.2B
Total assets—$54.4B$50.1B$67.5B$75.9B$75.6B$73.2B$72.9B$165.6B$171.1B
Total liabilities—$31.2B$23.5B$42.5B$52.0B$50.6B$50.5B$48.9B$98.0B$89.8B
Long-term debt—$17.4B$17.5B$30.0B$40.2B$41.2B$39.1B$37.6B$66.3B$62.0B
Shareholders' equity$21.9B$20.3B$26.7B$24.9B$23.9B$25.0B$22.7B$24.0B$67.7B$81.3B
Cash flow
Operating cash flow$3.41B$6.55B$8.88B$9.70B$12.1B$13.8B$16.7B$18.1B$20.0B$27.5B
Capital expenditure$723.0M$1.07B$635.0M$432.0M$463.0M$443.0M$424.0M$452.0M$548.0M$623.0M
Free cash flow$2.69B$5.48B$8.24B$9.27B$11.6B$13.3B$16.3B$17.6B$19.4B$26.9B
Dividends paid$750.0M$1.75B$3.00B$4.24B$5.53B$6.21B$7.03B$7.64B$9.81B$11.1B
Share buybacks$0$0$7.26B$5.43B$0$0$7.00B$5.82B$7.18B$2.45B

From Broadcom's 10-K and 10-Q filings with the SEC; its fiscal year ends in November. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Broadcom vs the Information Technology sector and the S&P 500

Broadcom's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Broadcom compared with the median Information Technology company and the median S&P 500 company
MeasureBroadcomInformation Technology (75 other S&P 500 companies)S&P 500 (502 other companies)
Revenue growth, latest fiscal year+23.9%+13.7%+7.0%
Net margin, latest fiscal year36.2%16.5%12.9%
Dividend per share, latest fiscal year$2.36$1.82$2.40
Share price change, 1 year−4.2%+14.8%+5.9%

Broadcom: fiscal year ended November 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Broadcom included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Broadcom

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2026, Broadcom is one of the largest companies globally.

Source: Wikipedia — Broadcom

Headquarters
Palo Alto, California From SEC filings, Oct 2026

Company profile

Broadcom Inc. describes itself in its Form 10-K for fiscal 2025 as a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions. Its origins trace to AT&T/Bell Labs, Lucent and Hewlett-Packard, and it has grown through acquisitions including LSI Corporation, Broadcom Corporation, Brocade Communications Systems, CA, Symantec Enterprise Security and VMware. Its chips go into AI and enterprise data centers, networking equipment, servers and storage, broadband and set-top boxes, wireless devices and industrial systems; its AI products include custom accelerators (XPUs), Ethernet switching and routing silicon, network interface cards and optical components, and in some cases racks and systems built on its XPUs. Its software business, which includes VMware Cloud Foundation, mainframe, cybersecurity (Symantec and Carbon Black) and enterprise software, serves large enterprises and government agencies.

Broadcom's fiscal year is a 52- or 53-week year ending on the Sunday closest to October 31; fiscal 2025 was the 52 weeks ended November 2, 2025. It reports two segments, semiconductor solutions and infrastructure software. In fiscal 2025 total net revenue was $63,887 million and net income $23,126 million, according to the 10-K. Direct sales to one semiconductor solutions customer, a distributor, made up 32% of net revenue, and Broadcom believes its top five end customers accounted for approximately 40% through all channels. About 95% of the wafers made by its contract manufacturers in fiscal 2025 came from TSMC. It completed the acquisition of VMware on November 22, 2023, for approximately $30,788 million in cash and 544 million shares of Broadcom common stock with a fair value of $53,398 million, and on July 1, 2024 sold VMware's end-user computing business to KKR & Co. Inc. for cash consideration of $3.5 billion, after working capital adjustments. It completed a ten-for-one stock split on July 12, 2024, according to its 10-K for fiscal 2024.

According to its 10-Q for the quarter ended August 2, 2026 (unaudited), net revenue was $29,591 million for the quarter and $71,089 million for the three fiscal quarters, with semiconductor solutions revenue of $48,363 million and infrastructure software revenue of $22,726 million over the three quarters. One distributor customer accounted for 50% of net revenue in the quarter. Remaining performance obligations under firmly committed multi-year contracts were approximately $179.2 billion, including a long-term contract for custom AI accelerators entered in the quarter ended May 3, 2026, and Broadcom expects about 25% of that amount to be recognized as revenue over the next 12 months. In June 2026 it launched what it calls the AI XPV platform, with an initial tranche of $35 billion led by a financial partner (named as Apollo in its 10-Q for the quarter ended May 3, 2026), which took on agreements to buy AI racks based on Broadcom-designed custom AI accelerators and the related lease agreements with a customer; Broadcom agreed to a backstop of the customer's lease obligations with a maximum potential liability of approximately $29 billion; no amounts had been paid under it as of August 2, 2026.

In 2026 Broadcom disclosed long-term agreements in Form 8-K filings: in April, to develop and supply custom Tensor Processing Units for Google's future TPU generations and to supply networking and other components for Google's next-generation AI racks through up to 2031, alongside an expanded collaboration among Broadcom, Google and Anthropic under which Anthropic, beginning in 2027, will access approximately 3.5 gigawatts of next-generation TPU-based AI compute through Broadcom, consumption that the filing says depends on Anthropic's continued commercial success; and in July, new multi-year agreements with Apple to develop and supply custom ASIC silicon products through 2031. In its September 2, 2026 results release, furnished with a Form 8-K, Broadcom guided to fourth-quarter fiscal 2026 revenue of approximately $34.8 billion; this is a company projection, not a reported result.

Broadcom is a Delaware corporation headquartered at 3421 Hillview Avenue, Palo Alto, California, and its common stock trades on The Nasdaq Global Select Market under the symbol AVGO. It had approximately 33,000 employees at November 2, 2025, about 57% of them in research and development. Hock E. Tan has been President and Chief Executive Officer since March 2006, and Henry Samueli signed the fiscal 2025 10-K as Chairman of the Board. Amie Thuener, previously Vice President, Corporate Controller and Chief Accounting Officer of Alphabet Inc., was appointed Chief Financial Officer effective June 12, 2026, succeeding Kirsten M. Spears, who retired, according to a Form 8-K, and she signed the 10-Q for the quarter ended August 2, 2026 as Chief Financial Officer. Stockholders elected eight directors at the April 20, 2026 annual meeting; Eddy W. Hartenstein, who had said he would retire from the board at the end of his term at that meeting, was not among the nominees, and the board was reduced to eight members, according to Form 8-K filings.

Summary sources:12345678910

$63,887 million1
Total net revenue, fiscal 2025 (52 weeks ended November 2, 2025)
$43,294 million (68% of net revenue)1
Gross margin, fiscal 2025
$25,484 million1
Operating income, fiscal 2025
$23,126 million1
Net income, fiscal 2025
$4.771
Diluted net income per share, fiscal 2025
$5,895 million1
Net income, fiscal 2024 (including a $273 million loss from discontinued operations)
$14,082 million1
Net income, fiscal 2023
$10,977 million1
Research and development expense, fiscal 2025
$27,537 million1
Net cash provided by operating activities, fiscal 2025
$623 million1
Purchases of property, plant and equipment, fiscal 2025
$11,142 million1
Cash dividends paid, fiscal 2025 ($2.360 per share)
$16,178 million1
Cash and cash equivalents, November 2, 2025
$67,120 million1
Aggregate indebtedness, November 2, 2025
approximately 33,0001
Employees, November 2, 2025 (approximate)
$29,591 million3
Net revenue, fiscal quarter ended August 2, 2026 (unaudited)
$71,089 million3
Net revenue, three fiscal quarters ended August 2, 2026 (unaudited)
$35,306 million3
Operating income, three fiscal quarters ended August 2, 2026 (unaudited)
$29,747 million3
Net income, three fiscal quarters ended August 2, 2026 (unaudited)
$6.093
Diluted net income per share, three fiscal quarters ended August 2, 2026 (unaudited)
$23,975 million3
Cash and cash equivalents, August 2, 2026 (unaudited)
$61,079 million3
Total debt principal outstanding, August 2, 2026 (unaudited)
approximately $179.2 billion3
Remaining performance obligations, August 2, 2026 (unaudited; firmly committed multi-year contracts)
$126,821 million3
Unconditional purchase commitments, August 2, 2026 (unaudited; primarily inventory, of which $52,674 million is due in fiscal 2027 and $72,952 million in fiscal 2028)
approximately $29 billion3
Maximum potential liability under the AI rack lease backstop, August 2, 2026 (unaudited; undiscounted, on deployment of all racks)
4,773,629,8653
Shares of common stock outstanding, August 28, 2026 (10-Q cover)
$13,665 million7
Free cash flow, third quarter of fiscal 2026 (non-GAAP measure, from the results release; cash from operations was $14,197 million)
$3.327
Diluted earnings per share, third quarter of fiscal 2026 (non-GAAP measure, from the results release; GAAP was $2.68)
$16.7 billion7
AI semiconductor revenue, third quarter of fiscal 2026 (as stated by the CEO in the results release; not a reported segment)
approximately $34.8 billion7
Revenue guidance, fourth quarter of fiscal 2026, September 2, 2026 (company projection)

Revenue by fiscal year, as reported in 10-K

Fiscal yearRevenue (as reported in 10-K)Reported asFiled
2022$33,203 million11Form 10-K for fiscal year 2022 (52 weeks ended October 30, 2022), total net revenue, in millions as filedDec 16, 2022
2023$35,819 million12Form 10-K for fiscal year 2023 (52 weeks ended October 29, 2023), total net revenue, in millions as filedDec 14, 2023
2024$51,574 million2Form 10-K for fiscal year 2024 (53 weeks ended November 3, 2024), total net revenue, in millions as filedDec 20, 2024
2025$63,887 million1Form 10-K for fiscal year 2025 (52 weeks ended November 2, 2025), total net revenue, in millions as filedDec 18, 2025

Products

Networking Connectivity

NameReleasedWhat it is
Custom Silicon Solutions (custom accelerators, or XPUs)—Technology and IP platforms on which customers design ASICs for AI and high-performance computing, networking and storage. The ASICs are built to each customer's specifications, such as custom accelerators or XPUs, for hyperscalers, companies with AI frontier models and system integrators.1
Ethernet Switching & Routing—Ethernet switching and routing products for enterprise and AI data center, service provider and enterprise networks. Broadcom says its switching fabric technologies can build flat networks supporting tens of thousands of servers.1
Ethernet NIC Controllers—Ethernet network interface controllers designed for high-performance virtualization, intelligent flow processing, secure data center connectivity and machine learning.1
Physical Layer Devices—Transceivers that receive and transmit Ethernet data packets over a physical medium such as copper wire or optical fibers, built on a proprietary digital signal processing (DSP) architecture and supporting features such as energy efficient Ethernet, data encryption and time synchronization.1
Automotive Ethernet products—Automotive Ethernet products, including PHYs, switches and camera microcontrollers for in-vehicle connectivity and smart vision, listed with Broadcom's physical layer devices.1
Fiber Optic Components—Optical components for the Ethernet networking, storage, and access, metro- and long-haul telecommunication markets, which enable the high-speed reception and transmission of data through optical fibers.1

Wireless Device Connectivity Solutions

NameReleasedWhat it is
RF Semiconductor Devices—Multi-chip front-end modules, filter modules and discrete filters that filter, amplify and route radio frequency (RF) signals, built on Broadcom's FBAR filter technology.1
Connectivity Solutions—Wi-Fi chipsets, Bluetooth silicon and software, and combination chips that integrate Wi-Fi and Bluetooth, for wireless devices such as smartphones, tablets and wearables.1
Custom Touch Controllers—Controllers that process signals from the touch screens of wireless devices.1
Inductive Charging ASICs—Inductive charging products for wireless and wearable devices, which Broadcom describes as highly integrated solutions.1

Servers and Storage System Solutions

NameReleasedWhat it is
PCIe Switches—Switches supporting the PCIe communication standards, used in AI and non-AI applications. Broadcom describes PCIe as the primary interconnection mechanism inside modern computing systems.1
SAS & RAID Products—SAS and RAID controllers and adapters that transmit data between a host computer, such as a server, and storage devices such as hard disk drives (HDDs) and solid state drives (SSDs).1
Fibre Channel Products—Fibre channel host bus adapters that connect host computers, such as servers, to fibre channel storage area network (FC SAN) products.1
HDD & SSD Solutions—Read channel-based systems-on-chip and preamplifiers for hard disk drives, and custom flash controllers that manage the flash memory in solid state drives.1

Broadband Solutions

NameReleasedWhat it is
Set-Top Box—System-on-chip platform solutions for cable, satellite, IPTV, over-the-top and terrestrial set-top boxes.1
Broadband Access—System-on-chip platform solutions for DSL, cable, PON and wireless LAN, for customer premise equipment such as broadband modems, residential gateways and Wi-Fi access points and routers, and for central office deployments.1

Industrial

NameReleasedWhat it is
Industrial products—Optocouplers, industrial fiber optics, industrial and medical sensors, motion encoders, light emitting diode devices and Ethernet ICs, used in industrial automation, power generation and distribution, medical systems, defense and aerospace, and vehicle subsystems.1

Private Cloud Software Portfolio

NameReleasedWhat it is
VMware Cloud Foundation (VCF)—Integrated compute, networking, storage, management and security across supported environments. VCF includes native Kubernetes to support both virtual machines and containerized workloads.1
VMware Cloud Foundation Edge—Designed for the management of edge apps and infrastructure across many sites.1
VMware vSphere Foundation—Software-defined compute, storage, networking and intelligent operations, intended to help customers run modern applications on their existing infrastructure.1
Telco Cloud Platform—Built on VCF, it supports network operations for telecom operators and communications service providers as they modernize their networks and offer 5G and cloud services.1
VMware Private AI—A capability that, when added to VCF, enables the use of generative AI technologies while addressing data privacy and compliance needs.1
VMware Live Recovery—A disaster and ransomware recovery advanced service for VCF customers.1
Application Networking and Security Portfolio (vDefend, Avi Load Balancer)—Zero-trust lateral security and load balancing. VMware vDefend and VMware Avi Load Balancer are available as advanced services for VCF.1
Application Development and Data Services Portfolio (Tanzu)—Tanzu solutions that provide an AI application development platform with built-in best practices, plus access to low-latency, real-time data.1

Mainframe Software Portfolio

NameReleasedWhat it is
AIOps & Automation—An integrated platform for unifying tools, workflows and data across diverse sources, to deliver end-to-end visibility into enterprise applications, with enhanced issue detection and streamlined remediation.1
Databases & Data Management—Tools that store, organize and manage mainframe data.1
DevX & DevOps—Solutions that help customers accelerate software delivery while increasing code quality using agile processes and tools, with an open-first strategy for modernizing the mainframe using open source.1
Cybersecurity & Compliance Management—Security solutions designed to align a customer's mainframe platform with its enterprise security control mandates, and to protect crucial mainframe data to enable compliance.1
Beyond Code Programs—Programs that educate and upskill customers' mainframe workforce and provide expert guidance, to help them get the most out of their mainframe investments.1
Foundational & Open Mainframe Solutions—Core mainframe capabilities including security, automation, operations and resilience, plus modern, API-driven, cloud-integrated tools that open the mainframe to hybrid IT environments.1

Cybersecurity Portfolio

NameReleasedWhat it is
Endpoint Security (Symantec and Carbon Black)—Symantec and Carbon Black endpoint security solutions designed to prevent, detect and respond to emerging threats, through an AI-driven security console and single agent solutions.1
Network Security—Network security solutions and advanced threat protection technologies designed to stop inbound and outbound threats targeting end users.1
Information Security—Integrated information security solutions based on a single-policy framework, designed to identify risky users and applications and protect customers' most sensitive data, including across endpoints.1
Application Security—Solutions designed to secure critical systems, prevent unwanted changes and provide continuous compliance, including for end-of-life operating systems, fixed function devices and air-gapped systems.1
Identity & Access Management—A solution that mitigates the risk of unauthorized access to sensitive resources and data by identifying legitimate users, enforcing granular access control policies and streamlining access governance.1

Enterprise Software Portfolio

NameReleasedWhat it is
Enterprise Software Portfolio—Software that helps enterprises plan, develop and deliver software, organized in the domains of AIOps, Automation and Network Observability, DevOps, and Value Stream Management.1

FC SAN Management

NameReleasedWhat it is
FC SAN Management—Software-based management tools for Broadcom's fibre channel storage area networking (FC SAN) modules, switches and subsystems.1

Segments and products

Risks

Frequently asked questions

What does Broadcom do?
Broadcom designs and supplies semiconductors and infrastructure software, according to its Form 10-K for fiscal 2025. Its chips include custom AI accelerators (XPUs), Ethernet switches, network interface cards, optical components, wireless and broadband chips and storage connectivity products; its software includes VMware Cloud Foundation, mainframe, cybersecurity and enterprise software. About 95% of the wafers made by its contract manufacturers in fiscal 2025 came from TSMC.
What was Broadcom's revenue in fiscal 2025?
Broadcom reported total net revenue of $63,887 million for fiscal 2025, the 52 weeks ended November 2, 2025, in its Form 10-K filed on December 18, 2025, compared with $51,574 million for fiscal 2024. Net income was $23,126 million and diluted net income per share $4.77.
When does Broadcom's fiscal year end?
On the Sunday closest to October 31, so a fiscal year has 52 or 53 weeks. Fiscal 2025 ended November 2, 2025 (52 weeks), fiscal 2024 ended November 3, 2024 (53 weeks), and fiscal 2026 ends November 1, 2026, according to Broadcom's 10-K for fiscal 2025 and its 10-Q for the quarter ended August 2, 2026.
What are Broadcom's business segments?
Two: semiconductor solutions and infrastructure software. In fiscal 2025, semiconductor solutions revenue was $36,858 million and infrastructure software revenue $27,029 million, according to the 10-K. For the three fiscal quarters ended August 2, 2026 they were $48,363 million and $22,726 million (10-Q, unaudited).
How much of Broadcom's revenue comes from AI?
Broadcom does not report AI as a segment. In its September 2, 2026 results release, furnished with a Form 8-K, its CEO said AI semiconductor revenue was $16.7 billion in the third quarter of fiscal 2026, out of total net revenue of $29,591 million, and that Broadcom expects AI semiconductor revenue of $21.7 billion in the fourth quarter, a company projection.
What is Broadcom's AI XPV platform?
According to its 10-Q for the quarter ended August 2, 2026, the AI XPV platform has financial partners fund AI infrastructure built on Broadcom's custom accelerators and networking for leading frontier AI labs, to enable more than 20 gigawatts of compute capacity through 2028. It launched in June 2026 with a $35 billion initial tranche for more than 1 gigawatt for one customer, and Broadcom backstops that customer's lease obligations up to a maximum potential liability of approximately $29 billion. Its 10-Q for the quarter ended May 3, 2026 names the partner in that June 8, 2026 arrangement as Apollo.
What are Broadcom's agreements with Google, Anthropic and Apple?
In an April 6, 2026 Form 8-K, Broadcom said it agreed to develop and supply custom TPUs for Google's future TPU generations and to supply networking and other components for Google's next-generation AI racks through up to 2031, and that Anthropic, beginning in 2027, will access approximately 3.5 gigawatts of TPU-based compute through Broadcom, depending on Anthropic's continued commercial success. In a July 6, 2026 Form 8-K, it said it entered new multi-year agreements to develop and supply custom ASIC silicon for Apple products through 2031.
What does Broadcom expect for the fourth quarter of fiscal 2026?
In its September 2, 2026 results release, Broadcom guided to fourth-quarter revenue of approximately $34.8 billion and non-GAAP operating income of approximately 66% of projected revenue, for the quarter ending November 1, 2026. These are company projections, not reported results.
Who runs Broadcom?
Hock E. Tan has been President and Chief Executive Officer since March 2006, and Henry Samueli is Chairman of the Board, according to the 10-K for fiscal 2025. Amie Thuener became Chief Financial Officer on June 12, 2026, succeeding Kirsten M. Spears, according to a Form 8-K. Charlie B. Kawwas is President, Semiconductor Solutions Group, according to the 10-K.
Does Broadcom pay a dividend or buy back stock?
Yes. Broadcom paid dividends of $2.360 per share ($11,142 million) in fiscal 2025 and $1.95 per share in the first three quarters of fiscal 2026, and declared a quarterly dividend of $0.65 per share payable on September 30, 2026. It bought back 25 million shares for $8,450 million in the first three quarters of fiscal 2026, and $10.1 billion remained authorized through December 31, 2026 as of August 2, 2026 (10-Q, unaudited).
When did Broadcom buy VMware?
Broadcom completed the acquisition of VMware on November 22, 2023, paying approximately $30,788 million in cash and 544 million shares of Broadcom common stock with a fair value of $53,398 million, according to its 10-K for fiscal 2025. It sold VMware's end-user computing business to KKR & Co. Inc. on July 1, 2024 for cash consideration of $3.5 billion, after working capital adjustments.
Did Broadcom split its stock?
Yes. Broadcom completed a ten-for-one forward stock split on July 12, 2024, according to its 10-K for fiscal 2024.

Sources

  1. Broadcom Inc. (SEC filing), Broadcom Inc. Form 10-K for the fiscal year ended November 2, 2025, Dec 18, 2025
  2. Broadcom Inc. (SEC filing), Broadcom Inc. Form 10-K for the fiscal year ended November 3, 2024, Dec 20, 2024
  3. Broadcom Inc. (SEC filing), Broadcom Inc. Form 10-Q for the quarterly period ended August 2, 2026 (unaudited), Sep 10, 2026
  4. Broadcom Inc. (SEC filing), Broadcom Inc. Form 10-Q for the quarterly period ended May 3, 2026 (unaudited), Jun 9, 2026
  5. Broadcom Inc. (SEC filing), Broadcom Inc. Form 8-K, Item 8.01: long-term TPU agreement and supply assurance agreement with Google LLC, and expanded collaboration with Google and Anthropic PBC (event date April 6, 2026), Apr 6, 2026
  6. Broadcom Inc. (SEC filing), Broadcom Inc. Form 8-K, Item 8.01: new multi-year agreements with Apple Inc. for custom ASIC silicon products through 2031 (event date July 6, 2026), Jul 6, 2026
  7. Broadcom Inc. (SEC filing), Broadcom Inc. Form 8-K, Exhibit 99.1: press release dated September 2, 2026, with third-quarter fiscal 2026 results and fourth-quarter fiscal 2026 guidance, Sep 2, 2026
  8. Broadcom Inc. (SEC filing), Broadcom Inc. Form 8-K, Item 5.02: retirement of Kirsten M. Spears and appointment of Amie Thuener as Chief Financial Officer, effective June 12, 2026 (event date March 30, 2026), Apr 2, 2026
  9. Broadcom Inc. (SEC filing), Broadcom Inc. Form 8-K, Item 5.07: voting results of the 2026 Annual Meeting of Stockholders (event date April 20, 2026), Apr 21, 2026
  10. Broadcom Inc. (SEC filing), Broadcom Inc. Form 8-K, Item 5.02: director Eddy W. Hartenstein to retire at the 2026 annual meeting and the board to be reduced to eight members (event date February 24, 2026), Mar 2, 2026
  11. Broadcom Inc. (SEC filing), Broadcom Inc. Form 10-K for the fiscal year ended October 30, 2022, Dec 16, 2022
  12. Broadcom Inc. (SEC filing), Broadcom Inc. Form 10-K for the fiscal year ended October 29, 2023, Dec 14, 2023

Figures last checked against the sources above on . General information, not investment advice.

Recent News (20)

More Information Technology stocks

Browse all companies →