COVERAGE / AVGO / Technology

Broadcom Inc.

Semiconductors & Related Devices

COVERAGE STATUSACTIVE

DATA THROUGH2025-11-02

RESEARCH REPORTS2

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-11-02 · Prior / 2024-11-03 · USD · Annual periods

Revenue

$63.89bn

Prior / $51.57bn

Change / +23.87%

SOURCE / 2025-12-18

Operating income

$25.48bn

Prior / $13.46bn

Change / +89.29%

SOURCE / 2025-12-18

Net income

$23.13bn

Prior / $5.9bn

Change / +292.30%

SOURCE / 2025-12-18

Diluted EPS

$4.77

Prior / $1.23

Change / +287.80%

SOURCE / 2025-12-18

Free cash flow

$26.91bn

Prior / $19.41bn

Change / +38.63%

SOURCE / 2025-12-18

Gross margin

67.77%

Prior / 63.03%

Change / +4.73 pp

SOURCE / 2025-12-18

Operating margin

39.89%

Prior / 26.10%

Change / +13.78 pp

SOURCE / 2025-12-18

Return on avg. equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2025-12-18

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 63887000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 23126000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:ProfitLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 43294000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 25484000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 4.77,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 27537000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2024-11-04",
    "end": "2025-11-02",
    "val": 623000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-11-02",
    "val": 171092000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-11-02",
    "val": 89800000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-11-02",
    "val": 31573000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-11-02",
    "val": 18514000000,
    "accn": "0001730168-25-000121",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2025-12-18",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-11-02	$63.89bn	$23.13bn	$26.91bn	$4.77
2024-11-03	$51.57bn	$5.9bn	$19.41bn	$1.23
2023-10-29	$35.82bn	$14.08bn	$17.63bn	$3.30
2022-10-30	$33.2bn	$11.5bn	$16.31bn	$2.65

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-11-02. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	72.81x	Unavailable	47.78x	16
P/S	25.95x	Unavailable	12.58x	14
P/B	Unavailable	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	1.62%	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-08-28 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 347.3,
  "tradingDate": "2026-09-17",
  "marketCap": 1657881652114.5,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-08-28"
}

Company & operating context

Broadcom Inc. is an SEC-reporting issuer listed on NASDAQ under AVGO. Its SEC industry description is Semiconductors & Related Devices. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2025-12-18PERIOD / 2025-11-02

AVGO filed this 10-K on 2025-12-18 for the reported period 2025-11-02. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0017AVGOEarnings Review

AVGO: the annual earnings and cash-flow comparison ↗

Broadcom Inc.

Research abstract

A two-period review of AVGO revenue, profitability and cash conversion; reported revenue growth was 23.87%.

DATA THROUGH2025-11-022 MIN READPUBLISHED 2026-09-26

HR-0018AVGOCompany Research

AVGO: reading the FY2025 financial structure ↗

Broadcom Inc.

Research abstract

Annual revenue of USD 63.887 billion and net income of USD 23.126 billion for the period ended 2025-11-02.

DATA THROUGH2025-11-022 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2025-11-02 ↗Source date 2025-12-18
SEC annual filing · 2024-11-03 ↗Source date 2025-12-18
SEC annual filing · 2023-10-29 ↗Source date 2025-12-18
SEC annual filing · 2022-10-30 ↗Source date 2024-12-20
SEC issuer record ↗Source date 2026-09-18