NASDAQ NMS - GLOBAL MARKET · Semiconductors · CIK 0001730168
$323.24
-4.31% · delayed ~15 min
Last price from Oct 22, 2026
$1.53T market value
From Broadcom Inc.'s FY2025 10-K, filed Dec 18, 2025 · read the filing
Broadcom designs and makes computer chips. It took in $63.89B last year, which makes it a very large company. Of every dollar it sells, about 36 cents is left as profit.
The financial picture is led by profitability, growth and debt, with accounting worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 4 insiders, not under a pre-arranged plan.
$20.8M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From Broadcom Inc.'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
$13.46B → $25.48B
Profit
$5.89B → $23.13B
Operating margin
26.1% → 39.9%
Profit margin
11.4% → 36.2%
Measured against FY2024, from the 10-K filed Dec 18, 2025
Improved: +89.3%
$13.46B to $25.48BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +292.3%
$5.89B to $23.13BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
AVGO fell 4.31% on the latest quote. The average Technology company tracked here moved −1.24%, and the S&P 500 −1.04%. That is 3.1 points below its sector and 3.3 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 20% a year for the next 10 years. Over the last 9 years it grew by about 29% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 36 cents of every dollar of sales as profit, earning $23.13B last year.
Yes, quickly. Sales grew 23.9% last year.
No. At its current cash flow it could clear its debt in about 1.8 years. For every $1 it owes, it owns $1.91 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 48 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 40% of the cash its operations generated. It has paid in each of the last 10 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $23.13B and generated $27.54B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Dec 18, 2025Filing for FY2025 | FY202410-K · Dec 20, 2024Filing for FY2024 | FY202310-K · Dec 20, 2024Filing for FY2023 | FY202210-K · Dec 20, 2024Filing for FY2022 | FY202110-K · Dec 16, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $63.89B | $51.57B | $35.82B | $33.20B | $27.45B | +23.9% |
| Cost of revenue | $20.59B | $19.07B | $11.13B | $11.11B | $10.61B | +8.0% |
| Gross profit | $43.29B | $32.51B | $24.69B | $22.09B | $16.84B | +33.2% |
| Gross marginGross profit ÷ revenueWhat is this? | 67.8% | 63.0% | 68.9% | 66.5% | 61.4% | +4.7 pts |
| Selling, general and administrative | $4.21B | $4.96B | $1.59B | $1.38B | $1.35B | −15.1% |
| Operating income | $25.48B | $13.46B | $16.21B | $14.22B | $8.52B | +89.3% |
| Operating marginOperating income ÷ revenueWhat is this? | 39.9% | 26.1% | 45.2% | 42.8% | 31.0% | +13.8 pts |
| Interest expense | $3.21B | $3.95B | $1.62B | $1.74B | $1.89B | −18.8% |
| Income before tax | $22.73B | $9.92B | $15.10B | $12.43B | $6.76B | +129.2% |
| Net income | $23.13B | $5.89B | $14.08B | $11.49B | $6.74B | +292.3% |
| Net marginNet income ÷ revenueWhat is this? | 36.2% | 11.4% | 39.3% | 34.6% | 24.5% | +24.8 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $4.88 | $1.26 | $3.40 | $27.50 | $16.31 | +287.7% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| AVGOBroadcom Inc. · this page | 9.0/10 | 9/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 22,624 shares at $354.75 ($8.0M)
Holds 29,961,416 shares after this filing.
Sold on the open market — 22,946 shares at $355.55 ($8.2M)
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q3 FY2026
Revenue +85.5% · Operating margin +17.0 pts · Gross profit +91.1% — against Q3 FY2025
Read the filingPublished results · Reported another event
Read the filingWrite down why you are following Broadcom Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 9 subsidiaries named in its 10-K, incorporated across 3 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from AVGO's 10-K for fiscal year 2025 (period ending 2025-11-02, filed Dec 18, 2025), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 9.0 | 9/9 | 10-K, filed Dec 18, 2025 |
| FY2024 | 8.0 | 4/9 | 10-K, filed Dec 20, 2024 |
| FY2023 | 9.0 | 9/9 | 10-K, filed Dec 14, 2023 |
| FY2022 | 10.0 | 7/9 | 10-K, filed Dec 16, 2022 |
| FY2021 | 7.0 | 9/9 | 10-K, filed Dec 17, 2021 |
| FY2020 | 7.0 | 6/9 | 10-K, filed Dec 18, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
9 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
11.28
In the safe zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.10
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +13.8 pts
26.1% to 39.9%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +24.8 pts
11.4% to 36.2%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +287.7%
$1.26 to $4.88Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +73.1%
$9.35B to $16.18BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +23.9%
$51.57B to $63.89BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +33.2%
$32.51B to $43.29BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +4.7 pts
63.0% to 67.8%Significant
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +38.6%
$19.41B to $26.91BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: -6.5%
$66.30B to $61.98BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +1.2%
4.69B to 4.74BNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: +13.5%
$9.81B to $11.14BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: +13.7%
$548.0M to $623.0MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Sep 10, 2026 — read it.
Improved: +85.5%
$15.95B to $29.59BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +91.1%
$10.70B to $20.46BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +171.0%
$5.89B to $15.96BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +216.1%
$4.14B to $13.09BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +17.0 pts
36.9% to 53.9%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +18.3 pts
26.0% to 44.2%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +212.7%
$0.88 to $2.74Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +123.7%
$10.72B to $23.98BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +2.0 pts
67.1% to 69.1%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: -9.0%
$62.83B to $57.17BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +1.1%
4.72B to 4.77BNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: +11.4%
$2.79B to $3.10BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Sep 10, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +47.9%
$10.79B to $15.96BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +40.6%
$9.31B to $13.09BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +40.1%
$1.96 to $2.74Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +33.4%
$22.19B to $29.59BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +32.7%
$15.41B to $20.46BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +5.3 pts
48.6% to 53.9%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +22.1%
$19.63B to $23.98BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +2.3 pts
42.0% to 44.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -8.8%
$62.66B to $57.17BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 17% and 22%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 56 analysts covering this company, as of . Their views, not this site's.
Of 56 analysts publishing on this company, 17 say strong buy, 35 say buy and 4 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.1% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 45.2x — a high multiple relative to the current trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 23.9% |
| 36.2% |
| 66.27x |
| 1.10x |
| NVDANVIDIA CORP | 8.0/10 | 5/9 | 65.5% | 55.6% | 42.96x | 0.31x |
|---|
| MUMICRON TECHNOLOGY INC | 10.0/10 | 8/9 | 48.9% | 22.8% | 112.54x | 0.53x |
|---|
| AMDADVANCED MICRO DEVICES INC | 10.0/10 | 8/9 | 34.3% | 12.5% | 190.99x | 0.22x |
|---|
| TXNTEXAS INSTRUMENTS INC | 9.0/10 | 7/9 | 13.0% | 28.3% | 50.88x | 1.13x |
|---|
| ADIANALOG DEVICES INC | 10.0/10 | 8/9 | 16.9% | 20.6% | 83.31x | 0.42x |
|---|
| QCOMQUALCOMM INC/DE | 9.0/10 | 6/9 | 13.7% | 12.5% | 33.50x | 1.36x |
|---|
| Median of peers | 9.5/10 | — | 25.6% | 21.7% | 67.09x | 0.47x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 29,938,470 shares after this filing.
Sold on the open market — 10,058 shares at $356.59 ($3.6M)
Holds 29,928,412 shares after this filing.
Sold on the open market — 6,959 shares at $357.66 ($2.5M)
Holds 29,921,453 shares after this filing.
Sold on the open market — 4,560 shares at $358.47 ($1.6M)
Holds 29,916,893 shares after this filing.
Sold on the open market — 2,162 shares at $359.48 ($777.2K)
Holds 29,914,731 shares after this filing.
Sold on the open market — 397 shares at $360.76 ($143.2K)
Holds 29,914,334 shares after this filing.
Sold on the open market — 512 shares at $361.48 ($185.1K)
Holds 29,913,822 shares after this filing.
Sold on the open market — 186,809 shares at $354.71 ($66.3M)
Holds 36,327,861 shares after this filing.
Sold on the open market — 230,031 shares at $355.50 ($81.8M)
Holds 36,097,830 shares after this filing.
Sold on the open market — 85,221 shares at $356.58 ($30.4M)
Holds 36,012,609 shares after this filing.
Sold on the open market — 50,998 shares at $357.52 ($18.2M)
Holds 35,961,611 shares after this filing.
Sold on the open market — 44,618 shares at $358.42 ($16.0M)
Holds 35,916,993 shares after this filing.
Sold on the open market — 22,579 shares at $359.44 ($8.1M)
Holds 35,894,414 shares after this filing.
Sold on the open market — 407 shares at $361.18 ($147.0K)
Holds 35,894,007 shares after this filing.
Sold on the open market — 11,309 shares at $361.79 ($4.1M)
Holds 35,882,698 shares after this filing.
Gifted shares — 72,474 shares
Holds 35,810,224 shares after this filing.
Had shares withheld to cover taxes — 8,059 shares at $339.27 ($2.7M)
Holds 186,930 shares after this filing.
Had shares withheld to cover taxes — 1,554 shares at $339.27 ($527.2K)
Holds 48,597 shares after this filing.
Sold on the open market — 25,000 shares at $401.33 ($10.0M)
Holds 194,989 shares after this filing.
Gifted shares — 500 shares
Holds 30,826 shares after this filing.
Sold on the open market — 25,000 shares at $379.19 ($9.5M)
Holds 219,989 shares after this filing.
Sold on the open market — 1,890 shares at $385.38 ($728.4K)
Holds 31,326 shares after this filing.
Sold on the open market — 1,602 shares at $373.86 ($598.9K)
Holds 17,426 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 70,218 shares ($25.0M) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 72,474 shares ($25.8M) on or after .
Shares originally obtained via Gifted Shares.
Filed notice to sell 631,972 shares ($225.0M) on or after .
Shares originally obtained via Founders Shares.
Filed notice to sell 25,000 shares ($10.0M) on or after .
Shares originally obtained via Performance Stock Lapse.
Filed notice to sell 1,890 shares ($728.4K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 25,000 shares ($9.5M) on or after .
Shares originally obtained via Performance Stock Lapse.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Reported another event
Reported another event
Read the filingReported another event
Read the filingQuarterly report for Q2 FY2026
Revenue +47.9% · Operating margin +9.8 pts · Gross profit +51.2% — against Q2 FY2025
Read the filingPublished results · Reported another event
Read the filingHeld a shareholder vote
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q1 FY2026
Revenue +29.5% · Operating margin +2.4 pts · Cash +52.3% — against Q1 FY2025
Read the filingPublished results · Reported another event
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingAnnual report for FY2025
Revenue +23.9% · Operating margin +13.8 pts · Operating income +89.3% — against FY2024
Read the filingPublished results · Reported another event
Read the filingReported another event
Read the filingReported another event
Read the filingQuarterly report for Q3 FY2025
Revenue +22.0% · Operating margin +7.9 pts · Operating income +55.4% — against Q3 FY2024
Read the filingSource: Exhibit 21 of the 10-K filed 2025-12-18. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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