Name: Broadcom reported financial history
Creator: Silicon Analytica

About the company

Broadcom Inc. supplies semiconductors and infrastructure software. The semiconductor solutions segment provides networking, broadband, server storage, wireless and industrial chips, including Ethernet switches and custom AI accelerators developed with large cloud and AI customers. The infrastructure software segment, greatly expanded by the 2023 acquisition of VMware, sells private-cloud, mainframe, cybersecurity and enterprise software. Broadcom relies mainly on external foundries such as TSMC for chip manufacturing, while operating its own fabrication for some specialised components. Its business model combines market-leading chip franchises with acquired software businesses that generate recurring revenue.

Silicon Analytica summary based on the company's latest annual report

Key figures

Q3 FY2026 · 2 Aug 2026

Revenue: ▲ +85.5% y/y
Operating income: ▲ +171.0% y/y
Gross marginCalc.: +2.0 pp y/y
Operating marginCalc.: +17.0 pp y/y
Net income: ▲ +216.1% y/y
Free cash flowCalc.: ▲ +94.5% y/y

Figures from company filings. Calculated values marked Calc. · Methodology →

How the company earns its revenue

Total of categories: US$63.9B, reconciles to reported revenue. Different classifications are never added together.

View sources

Broadcom Form 10-K · Notes, segment information (revenue by reportable segment) · FY2025 · published 18 Dec 2025

Quarterly trend

12 available quarters · US GAAP

Some quarters are derived from cumulative statements (fourth quarter = full year − first three quarters; cash flow from year-to-date differences). They are marked Calculated with the inputs.
Reported results only. Guidance appears separately below and is never mixed into this chart.

View sources

Broadcom Form 10-K · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q4 FY2023, Q4 FY2024, Q4 FY2025 · published 18 Dec 2025 · covers
Broadcom Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q1 FY2024 · published 12 Mar 2025 · covers
Broadcom Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q2 FY2024 · published 11 Jun 2025 · covers
Broadcom Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q3 FY2024 · published 10 Sept 2025 · covers
Broadcom Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q1 FY2025, Q1 FY2026 · published 11 Mar 2026 · covers
Broadcom Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q2 FY2025, Q2 FY2026 · published 9 Jun 2026 · covers
Broadcom Form 10-Q · XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; consolidated statements · Q3 FY2025, Q3 FY2026 · published 10 Sept 2026 · covers

Financial statements

Full page →

As filed with the SEC (10-K/10-Q), from XBRL data. US$ millions, except per-share amounts; shares in millions.

Line item	Q3 FY2026To 2 Aug 202610-Q ↗	Q2 FY2026To 3 May 202610-Q ↗	Q1 FY2026To 1 Feb 202610-Q ↗	Q4 FY2025To 2 Nov 202510-K ↗	Q3 FY2025To 3 Aug 202510-Q ↗
Revenue	29,591	22,187	19,311	18,015^c	15,952
Cost of revenue	9,135	6,772	6,154	5,766^c	5,249
Gross profit	20,456	15,415	13,157	12,249^c	10,703
Gross margin	69.1%	69.5%	68.1%	68.0%	67.1%
Research & development	2,895	2,995	2,965	2,981^c	3,050
Selling, general & administrative	996	1,055	1,019	1,107^c	1,072
Operating income	15,955	10,788	8,563	7,508^c	5,887
Operating margin	53.9%	48.6%	44.3%	41.7%	36.9%
Interest & other, net	−680^c	−658^c	−368^c	−639^c	−602^c
Pre-tax income	15,275	10,130	8,195	6,869^c	5,285
Income tax	2,187	820	846	−1,649^c	1,145
Net income	13,088	9,310	7,349	8,518^c	4,140
Net margin	44.2%	42.0%	38.1%	47.3%	26.0%
Diluted EPS	2.68	1.91	1.50	—	0.85
Diluted shares	4,887	4,876	4,888	—	4,860

Columns link to the filing. ^c Calculated by Silicon Analytica from filed figures (hover for the formula); fourth-quarter flows are fiscal year minus nine months. Margins are calculated. Fourth-quarter per-share figures are not filed separately and are left blank.

View sources (5)

Broadcom 10-Q filed 10 Sept 2026 · accession 0001730168-26-000080
Broadcom 10-Q filed 9 Jun 2026 · accession 0001730168-26-000054
Broadcom 10-Q filed 11 Mar 2026 · accession 0001730168-26-000016
Broadcom 10-K filed 18 Dec 2025 · accession 0001730168-25-000121
Broadcom 10-Q filed 10 Sept 2025 · accession 0001730168-25-000098

Values: SEC XBRL company facts (data.sec.gov), refreshed 8 Nov 2026. A period's original filing is used unless a later filing restated it.

Earnings history

Broadcom's results by period: revenue, margins and segments from stored filings.

Quarters

Fiscal years

Five-year financial history

US GAAP

Latest 5 completed fiscal years, US GAAP, USD, as reported in annual filings (restated comparatives used where later filings revised them). Ratios and growth are Silicon Analytica calculations from the same records.

Revenue

USD · fiscal years · US GAAP · reported

Net income attributable to shareholders

USD · fiscal years · US GAAP · reported

Broadcom annual results
USD	FY2021ended 31 Oct 2021	FY2022ended 30 Oct 2022	FY2023ended 29 Oct 2023	FY2024ended 3 Nov 2024	FY2025ended 2 Nov 2025
Revenue
Gross profit
Gross margin
Operating income
Operating margin
Net income (attributable)
Diluted EPS
R&D expense
R&D as % of revenue

Revenue CAGR over 4 annual intervals (FY2021–FY2025): 23.5%.
R&D CAGR over 4 annual intervals: 22.6%.
Net income CAGR over the same intervals: 37.7%.
Diluted EPS for years filed before a stock split is divided by the split ratio so all years are comparable; those cells are marked Calculated.
FY2024: 53-week fiscal year.
Select any figure for its source filing, period dates, accounting basis and calculation.

Business model and industry role

Semiconductor Solutions

These include a broad portfolio of complex digital and mixed signal devices, network interface cards, modules, switches, and subsystems [1].

Infrastructure Software

These solutions help enterprises simplify their information technology environments [1].

Private Cloud Software Portfolio

This portfolio delivers public cloud scale and agility with private cloud security, resilience and performance [1].

Mainframe Software Portfolio

This portfolio enables customers to innovate with their mainframe as part of their hybrid environment [1].

Cybersecurity Portfolio

These solutions utilize threat intelligence to help customers protect data, connect users with trusted applications, and detect advanced attacks [1].

Who buys it

Customers include distributors, original equipment manufacturers (OEMs), their contract manufacturers, hyperscalers, and large enterprises such as banks, government agencies, and healthcare institutions ¹.

How it earns revenue

The company sells its products and solutions through a direct sales force, distributors and channel partners, and also earns revenue from intellectual property licensing royalty payments ¹.

What it depends on

Success depends on the ability to protect intellectual property and the ability to attract, motivate and retain its workforce ¹.

What drives profitabilityIncludes Silicon Analytica view

The company leverages its design capabilities in markets where it believes its innovation and reputation will allow it to earn attractive margins by developing high value-add products ¹.

Competitive position, drivers and risks

Competitive position

Competitors include large international companies, smaller specialized firms, integrated device manufacturers, fabless semiconductor companies, large enterprise software vendors, and the internal resources of large OEMs ¹.

Evidence

The markets in which the company participates are highly competitive ¹.

Growth drivers and conditions

Company view: Ability to compete depends on factors including quality, technical performance, price, new product innovation, product availability, and customer support ¹.

Cyclicality and downside risks

Reported: Competition is expected to increase as existing competitors improve or expand their product offerings and as new companies, including customers, enter the markets ¹.

What to watch next

Integration of recent acquisitions like VMware
Dependence on a small number of large customers
Execution of AI semiconductor solutions strategy
Management of outsourced manufacturing and supply chain
Protection of intellectual property portfolio

Peer comparison

Compare with another company

Peers not yet selected by the editor. Financials compares latest reported periods and labels mismatched period ends.

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Compare with

Broadcom vs NVIDIA Broadcom vs AMD Broadcom vs Qualcomm

Themes

AI infrastructure demand

More data on Broadcom

Broadcom income statement and balance sheet

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Sources & methodology

Broadcom Form 10-K for latest fiscal year ↗ · 18 Dec 2025 · Item 1 Business / Item 4 Information on the Company; risk factors

Annual and quarterly figures come from the company's SEC filings (XBRL financial data and, where needed, the filed statements). Each value keeps its filing, period dates and accounting basis. Ratios, growth rates, free cash flow, split-adjusted EPS and derived quarters are Silicon Analytica calculations, shown with their inputs. Percentage growth is not shown when the prior value is zero or negative. Guidance is shown only as company guidance; no analyst consensus is used.

Data checks: ✓ 53 passed · ⚠ R&D change FY2024: 77.2% YoY exceeds the 60% review threshold. · ⚠ R&D change Q4 FY2024: 61.0% YoY exceeds the 60% review threshold.

AW · Reviewed —