Saturday 17 October 2026 Export AVGO’s income statement to Excel — free account

Broadcom Inc.

Broadcom Inc.’s revenue for fiscal 2025 (year ended October 2025) was $63.9 billion, up 23.9% from fiscal 2024. In the quarter to July 2026, revenue grew 85.5%, EPS grew 212.5%, free cash flow grew 94.6% and total debt fell 7.49%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.

328.75 15.58 −4.52%

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Market cap: $1.64T
P/E: 40.8×
Fwd P/E: 42.6×
Dividend yield: 0.79%
F-score: 7/9
Altman Z: 12.67
Beneish M: −2.10
Dividend safety: 73/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.70

Total sells 1,153.38

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	1	—	—	—	—
Sell	1	10	2	—	4	5	—	4	3	—	1	—

Insider Ownership 1.80%

Capital & Financial Ratios $m

Market Cap 1,643,700.00

Revenue 89,104.00

Net Income 38,265.00

Free Cash Flow 39,403.00

Net Debt 35,444.00

Current Ratio 2.50

Debt/Equity 0.60

P/E ratio 40.79

Fwd P/E 42.60

P/S ratio 17.58

P/B ratio 15.72

Past 5Y EPS Growth 49.77%

This Y EPS Growth 71.21%

Next Y EPS Growth 64.86%

Next Y revenue growth 65.88%

Next 5Y EPS Growth 65.01%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 48.21%

10-year low 10-year high

P/S against its own 10 years 83.78%

10-year low 10-year high

P/B against its own 10 years 81.39%

10-year low 10-year high

EV/Sales against its own 10 years 82.57%

10-year low 10-year high

EV/FCF against its own 10 years 77.33%

10-year low 10-year high

Dividends

Payout Ratio 0.33

Annual Dividend Rate 2.60

Annual Dividend Yield 0.79%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.60	0.65 0.65 0.65
2025	2.42	0.59 0.59 0.59 0.65
2024	2.17	0.53 0.53 0.53 0.59
2023	1.91	0.46 0.46 0.46 0.53
2022	1.69	0.41 0.41 0.41 0.46
2021	1.49	0.36 0.36 0.36 0.41
2020	1.34	0.33 0.33 0.33 0.36
2019	1.12	0.27 0.27 0.27 0.33
2018	0.79	0.18 0.18 0.18 0.27
2017	0.50	0.02 0.10 0.10 0.10 0.18
2016	0.27	0.02 0.05 0.05 0.05 0.10

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	14,189	9,348	16,178	23,975
Receivables	3,154	4,416	7,145	13,707
Inventory	1,898	1,760	2,270	4,523
Other	1,606	4,071	5,980	9,968
	20,847	19,595	31,573	52,173

	2023	2024	2025	Q'26
Payables	1,210	1,662	1,560	4,000
ST’ Debt	1,608	1,271	3,152	2,252
Other	3,652	11,793	11,673	13,080
	7,405	16,697	18,514	20,838

Compound Annual Growth %

	10y	5y	3y
Sales	25.07%	21.74%	24.38%
Cash Flow	28.08%	17.95%	18.06%
Earnings	32.72%	54.08%	27.25%
Book Value	32.94%	27.77%	52.97%

Revenue $m

	Jan	Apr	Jul	Oct	Year
’26	19,311	22,187	29,591	—	—
’25	14,916	15,004	15,952	18,015	63,887
’24	11,961	12,487	13,072	14,054	51,574
’23	8,915	8,733	8,876	9,295	35,819
’22	7,706	8,103	8,464	8,930	33,203
’21	6,655	6,610	6,778	7,407	27,450
’20	5,858	5,742	5,821	6,467	23,888

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	8,260	10,493	14,197	—	—
’25	6,113	6,555	7,166	7,703	27,537
’24	4,815	4,580	4,963	5,604	19,962
’23	4,036	4,502	4,719	4,828	18,085
’22	3,486	4,243	4,424	4,583	16,736
’21	3,113	3,569	3,541	3,541	13,764
’20	2,322	3,213	3,178	3,348	12,061

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jan	Apr	Jul	Oct	Year
’26	8,010	10,262	13,665	—	—
’25	6,013	6,411	7,024	7,466	26,914
’24	4,693	4,448	4,791	5,482	19,414
’23	3,933	4,380	4,597	4,723	17,633
’22	3,385	4,158	4,308	4,461	16,312
’21	2,999	3,443	3,426	3,453	13,321
’20	2,214	3,065	3,083	3,236	11,598

Fiscal quarters ending in the months shown.

EPS $

	Jan	Apr	Jul	Oct	Year
’26	1.50	1.91	2.68	—	—
’25	1.14	1.03	0.85	1.74	4.77
’24	0.28	0.44	(0.40)	0.90	1.23
’23	0.88	0.82	0.77	0.83	3.30
’22	0.56	0.59	0.72	0.78	2.65
’21	0.31	0.33	0.42	0.45	1.50
’20	0.07	0.12	0.15	0.29	0.63

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.43	17.33	19.75	23.03	15.57	41.91	41.51	55.00	104.15	138.10	Analyst estimates 2026–2028 Powerpack
	High	18.40	28.57	27.43	33.12	43.85	67.78	67.22	115.18	251.88	414.61
People
People	Employees	15,700	14,000	15,000	19,000	21,000	20,000	20,000	20,000	37,000	33,000
	Revenue/emp, $m	0.84	1.26	1.39	1.19	1.14	1.37	1.66	1.79	1.39	1.94
Income, $m
Income, $m	Revenue	13,240	17,636	20,848	22,597	23,888	27,450	33,203	35,819	51,574	63,887
	Gross margin, %	44.86	48.25	51.48	55.24	56.58	61.36	66.55	68.93	63.03	67.77
	EBT	(1,107)	1,825	4,545	2,226	2,443	6,765	12,434	15,097	9,916	22,729
	EBT margin, %	(8.36)	10.35	21.80	9.85	10.23	24.64	37.45	42.15	19.23	35.58
	Net income	(1,861)	1,784	12,610	2,724	2,960	6,736	11,495	14,082	5,895	23,126
	Depreciation	3,078	4,737	4,081	5,808	6,905	6,041	4,984	3,835	10,010	8,775
Per share, $
Per share, $	Revenue	3.62	4.35	4.99	5.68	5.94	6.70	8.12	8.63	11.15	13.56
	Earnings	(0.47)	0.44	2.93	0.68	0.66	1.57	2.74	3.39	1.27	4.91
	Cash flow	0.93	1.62	2.12	2.44	3.00	3.36	4.09	4.36	4.32	5.84
	Capex	(0.20)	(0.16)	(0.09)	(0.09)	(0.12)	(0.11)	(0.10)	(0.11)	(0.12)	(0.13)
	Free cash flow	0.74	1.46	2.03	2.35	2.89	3.25	3.99	4.25	4.20	5.71
	Book value	5.98	5.72	6.38	6.27	5.94	6.09	5.55	5.78	14.64	17.25
	Shares, m	3,660	4,050	4,180	3,980	4,020	4,100	4,089	4,149	4,624	4,712
Valuation, ×
Valuation, ×	P/E	0.00	59.57	7.57	43.26	53.15	33.66	17.13	24.78	133.78	75.43
	P/S	4.71	6.06	4.48	5.16	5.91	7.89	5.79	9.75	15.22	27.26
	P/B	2.85	4.61	3.50	4.67	5.92	8.67	8.46	14.55	11.60	21.43
	EV/Sales	5.50	6.42	5.12	6.39	7.31	8.89	6.61	10.45	16.35	28.03
	EV/FCF	27.06	19.12	12.58	15.43	15.06	18.32	13.45	21.22	43.43	66.53
Cash, $m
Cash, $m	Operating cash flow	3,411	6,551	8,880	9,697	12,061	13,764	16,736	18,085	19,962	27,537
	Capex	(718)	(628)	(396)	(344)	(463)	(443)	(424)	(452)	(548)	(623)
	Free cash flow	2,693	5,923	8,484	9,353	11,598	13,321	16,312	17,633	19,414	26,914
Balance, $m
Balance, $m	Working capital	4,047	13,294	6,769	3,018	5,524	10,305	11,452	13,442	2,898	13,059
	Total debt	13,642	17,548	17,493	32,798	41,062	39,730	39,515	39,229	67,566	65,136
	Net debt	10,545	6,344	13,201	27,743	33,444	27,567	27,099	25,040	58,218	48,958
	Shareholders’ equity	21,876	23,186	26,657	24,941	23,874	24,962	22,709	23,988	67,678	81,292
Returns, %
Returns, %	ROA	(5.75)	3.24	23.45	4.58	3.71	8.50	15.08	19.28	4.94	13.74
	ROIC	(0.79)	5.02	8.05	4.09	4.38	10.14	17.85	20.66	6.68	12.23
	ROE	(13.08)	7.51	49.19	10.45	10.91	26.36	47.09	60.31	12.86	31.05

Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NVDA NVIDIA Corporation	$5.24T	26.9×	21.8×	+105.85% (above 0%: growing)	+128.70% (above 0%: growing)	+58.87% (above 0%: growing)	74.98%	66.24%	Compare
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$2.19T	29.8×	—	+32.70% (above 0%: growing)	+74.49% (above 0%: growing)	+24.55% (above 0%: growing)	67.72%	60.34%	Compare
AVGO Broadcom Inc.	$1.64T	40.8×	42.6×	+85.50% (above 0%: growing)	+212.50% (above 0%: growing)	+94.55% (above 0%: growing)	69.13%	53.92%
MU Micron Technology, Inc.	$1.05T	11.7×	14.7×	+379.27% (above 0%: growing)	+1,066.43% (above 0%: growing)	+45,543.06% (above 0%: growing)	86.76%	80.68%	Compare
AMD Advanced Micro Devices, Inc.	$917.8B	133×	35.9×	+50.11% (above 0%: growing)	+161.11% (above 0%: growing)	−8.73% (below 0%: shrinking)	53.77%	17.25%	Compare
INTC Intel Corporation	$504.1B	— (loss-making)	— (loss-making)	+25.42% (above 0%: growing)	n/m	+396.67% (above 0%: growing)	40.36%	11.14%	Compare
ARM ARM Holdings PLC Sponsored ADR	$261.4B	235×	281×	+22.41% (above 0%: growing)	+108.33% (above 0%: growing)	+305.85% (above 0%: growing)	97.21%	7.06%	Compare
TXN Texas Instruments Incorporated	$254.9B	41.7×	37.1×	+22.82% (above 0%: growing)	+51.75% (above 0%: growing)	+300.18% (above 0%: growing)	61.36%	42.28%	Compare
MRVL Marvell Technology, Inc.	$211.5B	74.2×	143×	+36.55% (above 0%: growing)	+47.83% (above 0%: growing)	+14.45% (above 0%: growing)	53.14%	16.78%	Compare
Median of peers	$711.0B	41.7×	36.5×	+34.63%	+108.33%	+179.52%	64.54%	29.76%

All 67 Semiconductors stocks →

Broadcom Inc. (AVGO) key facts

Strength: Broadcom Inc.’s revenue for fiscal 2025 (year ended October 2025) was $63.9 billion, up 23.9% from fiscal 2024.
Broadcom Inc. (AVGO) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, AVGO traded at $328.75, a market capitalization of $1.64 trillion.
Broadcom Inc. pays an annual dividend of $2.60 per share, a yield of 0.79%, with a payout ratio of 33.2%.
Return on equity was 31.1% and debt-to-equity 0.60.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 12.67 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

Broadcom reported revenue of $63.9 billion in FY2025 and net income of $23.1 billion in FY2025. In Q3 FY2026, revenue was $29.6 billion, operating income was $16.0 billion, and net income was $13.1 billion. Trailing-twelve-month revenue reached $89.1 billion to Q3 FY2026.

Free cash flow was $26.9 billion in FY2025 and $13.7 billion in Q3 FY2026. Net debt was $35.4 billion in Q3 FY2026. As of September 24, 2026, the P/E was 43.5×, above the five-year median of 33.7× over the five fiscal years to FY2025.

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