Broadcom Inc.

AVGONASDAQ

Quarterly earnings data from Broadcom’s SEC filings (10-Q, 10-K), covering 28 quarters from Q1 '19 to Q4 '25. VMware acquisition closed November 2023.

AVGO Stock Price

$314.55

$1.06 (0.34%)as of Apr 3, 2026, 1:46 AM

Mkt Cap

$1.49T

P/E Ratio

61.20

52-wk High

$414.61

52-wk Low

$138.10

Source: Yahoo Finance · End-of-day data · Hover or tap for detail

Latest Revenue

$18.0B

Q4 '25 (Oct 2025)

YoY Growth

+28.2%

vs. Q4 '24

Gross Margin

68%

+12.6pp vs. Q1 '19

Software Mix

38.5%

$6.9B of total

Quarterly revenue

Total net revenue, FY2019–FY2025

$05B10B15B20BQ1 '19FY2019Q1 '20FY2020Q1 '21FY2021Q1 '22FY2022Q1 '23FY2023Q1 '24FY2024Q1 '25FY2025

Source: Broadcom SEC filings (10-Q, 10-K)

Revenue by segment

Quarterly net revenue by segment, FY2019–FY2025

$05B10B15B20BQ1 '19FY2019Q1 '20FY2020Q1 '21FY2021Q1 '22FY2022Q1 '23FY2023Q1 '24FY2024Q1 '25FY2025

Source: Broadcom SEC filings (10-Q, 10-K) · Click segments to filter

Revenue by geography

Quarterly net revenue by region, FY2019–FY2025

$05B10B15B20BQ1 '19FY2019Q1 '20FY2020Q1 '21FY2021Q1 '22FY2022Q1 '23FY2023Q1 '24FY2024Q1 '25FY2025

Source: Broadcom SEC filings (10-Q, 10-K) · Click regions to filter

Gross profit breakdown

Semiconductor vs. software gross profit, FY2019–FY2025

$02B4B6B8B10B12B14BQ1 '19FY2019Q1 '20FY2020Q1 '21FY2021Q1 '22FY2022Q1 '23FY2023Q1 '24FY2024Q1 '25FY2025

Source: Broadcom SEC filings (10-Q, 10-K) · Click categories to filter

Infrastructure Software revenue

Quarterly software net revenue with share of total revenue

$02B4B6B8B10%20%30%40%FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Software revenue ($)% of total revenue

Source: Broadcom SEC filings (10-Q, 10-K) · VMware acquired Nov 2023

Gross margin

Quarterly gross margin percentage, FY2019–FY2025

54%56%58%60%62%64%66%68%70%72%FY2019FY2020FY2021FY2022FY2023FY2024FY2025

Source: Broadcom SEC filings (10-Q, 10-K)

Cash flow allocation

Operating cash flow breakdown, FY2019–FY2025

-6B-4B-2B$02B4B6B8B10BQ1 '19FY2019Q1 '20FY2020Q1 '21FY2021Q1 '22FY2022Q1 '23FY2023Q1 '24FY2024Q1 '25FY2025

Source: Broadcom SEC filings (10-Q, 10-K) · Click categories to filter

Shareholder returns & shares outstanding

Dividends + buybacks with diluted share count, FY2019–FY2025

$02B4B6B8B10B4.0B4.5B5.0BQ1 '19FY2019Q1 '20FY2020Q1 '21FY2021Q1 '22FY2022Q1 '23FY2023Q1 '24FY2024Q1 '25FY2025

Source: Broadcom SEC filings (10-Q, 10-K) · 10:1 stock split Jul 2024 · Click to toggle

Balance sheet — Assets

End-of-fiscal-year asset composition

$050B100B150B200BFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Non-Current AssetsOther Current AssetsCash & Equivalents

Source: Broadcom SEC filings (10-K) · End-of-fiscal-year snapshots

Balance sheet — Liabilities

End-of-fiscal-year liability composition

$050B100BFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Other Non-Current LiabilitiesTotal DebtCurrent Liabilities (ex-debt)

Source: Broadcom SEC filings (10-K) · End-of-fiscal-year snapshots

Balance sheet — Equity

End-of-fiscal-year stockholders' equity

$020B40B60B80B100BFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stockholders' Equity

Source: Broadcom SEC filings (10-K) · End-of-fiscal-year snapshots

Annual Summary

Fiscal YearRevenueNet IncomeNet MarginQuarters
FY2019$22.6B$2.7B12.1%4/4
FY2020$23.9B$3.0B12.4%4/4
FY2021$27.4B$6.7B24.5%4/4
FY2022$33.2B$11.5B34.6%4/4
FY2023$35.8B$14.1B39.3%4/4
FY2024$51.6B$5.9B11.4%4/4
FY2025$63.9B$23.1B36.2%4/4

Employment

Headcount doubled with the VMware acquisition

Broadcom annual headcount

Full-time employees as reported in annual SEC filings

05K10K15K20K25K30K35K40K2010201120122013201420152016201720182019202020212022202320242025

Source: SEC filings (10-K) via Financial Modeling Prep

All data sourced from Broadcom’s quarterly earnings press releases and SEC filings (10-Q, 10-K). Figures in millions USD unless otherwise noted. Broadcom’s fiscal year ends in early November. Q1 = Nov–Jan, Q2 = Feb–Apr, Q3 = May–Jul, Q4 = Aug–Oct. VMware acquisition closed November 22, 2023. 10:1 stock split effective July 2024.