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Broadcom Inc.

AVGO NASDAQ Categories PDF
Technology · Semiconductors · United States · Updated May 11, 12:49pm
$428.56
Price
$2.0T
Market Cap
37,000
Employees
1.44
Beta
Hock E. Tan
CEO
Business Description

Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. The company is headquartered in San Jose, California and currently employs 19,000 full-time employees. The firm operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. The company offers a range of products that are used in end-products, such as enterprise and data center networking, home connectivity, set-top boxes, telecommunication equipment, smartphones, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Its product portfolio ranges from discrete devices to complex sub-systems that include multiple device types, and also includes firmware for interfacing between analog and digital systems. Its products include mechanical hardware that interfaces with optoelectronic or capacitive sensors.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$428.56
-1.45 (-0.34%)
Day Range
$425.05 – $433.65
52-Week Range
$215.88 – $437.68
50-Day MA
$358.86
200-Day MA
$343.55
Volume
7,685,753.46
Analyst Price Targets
Low $335.00
Consensus $443.72
High $510.00
(128 analysts)
Share Structure
Outstanding 4,734,670,000.00
Float 4,642,429,159.00
Free Float 98.1%
High free float — 98.1% of shares trade freely, ~1.9% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
81.36
Stock Price: $428.56
EPS (Diluted): 4.91
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
21.01
Stock Price: $428.56
Total Equity: $81.29B
Shares: 4,853,000,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
53.47
Market Cap: $2,029.07B
Total Debt: $65.14B
Cash: $16.18B
EBITDA: $34.71B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$1.8T
Market Cap: $2,029.07B
Total Debt: $65.14B
Cash: $16.18B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
67.8%
Gross Profit: $43.29B
Revenue: $63.89B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
39.9%
Operating Income: $25.48B
Revenue: $63.89B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
36.2%
Net Income: $23.13B
Revenue: $63.89B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
32.9%
Net Income: $23.13B
Total Equity: $81.29B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
17.6%
Operating Income: $25.48B
Tax Rate: -1.7%
Equity: $81.29B
Total Debt: $65.14B
Cash: $16.18B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.71
Current Assets: $31.57B
Current Liabilities: $18.51B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.80
Short-Term Debt: $3.15B
Long-Term Debt: $61.98B
Total Debt: $65.14B
Total Equity: $81.29B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$13.16
Revenue: $63.89B
Shares: 4,853,000,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$16.75
Total Equity: $81.29B
Shares: 4,853,000,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$5.55
Operating CF: $27.54B
CapEx: -$623.00M
Shares: 4,853,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.7%
Last Dividend: N/A
Stock Price: $428.56
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $23.13B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares AVGO against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $27.5B $33.2B $35.8B $51.6B $63.9B
Cost of Revenue $10.6B $11.1B $11.1B $19.1B $20.6B
Gross Profit $16.8B $22.1B $24.7B $32.5B $43.3B
Operating Expenses $8.3B $7.8B $8.5B $19.0B $17.8B
Operating Income $8.5B $14.2B $16.2B $13.5B $25.5B
Net Income $6.7B $11.5B $14.1B $5.9B $23.1B
EBITDA $14.7B $19.2B $20.6B $23.9B $34.7B
EPS $1.57 $2.74 $3.39 $1.27 $4.91
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $12.2B $12.4B $14.2B $9.3B $16.2B
Total Current Assets $16.6B $18.5B $20.8B $19.6B $31.6B
Total Assets $75.6B $73.2B $72.9B $165.6B $171.1B
Current Liabilities $6.3B $7.1B $7.4B $16.7B $18.5B
Long-Term Debt $39.4B $39.1B $37.6B $66.3B $62.0B
Total Liabilities $50.6B $50.5B $48.9B $98.0B $89.8B
Total Equity $25.0B $22.7B $24.0B $67.7B $81.3B
Retained Earnings $748.0M $1.6B $2.7B $0 $9.8B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $13.8B $16.7B $18.1B $20.0B $27.5B
Capital Expenditure -$443.0M -$424.0M -$452.0M -$548.0M -$623.0M
Free Cash Flow $13.3B $16.3B $17.6B $19.4B $26.9B
Acquisitions (net) $37.0M -$246.0M -$53.0M -$26.0B $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$1.3B -$8.5B -$7.7B -$12.4B -$6.3B
Net Change in Cash $4.5B $253.0M $1.8B -$4.8B $6.8B
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $161.1B
$120.8B – $180.3B
 $203.2B
$202.7B – $203.7B
 $230.8B
$172.3B – $265.1B
 $139.0B
$103.8B – $159.7B
EBITDA $86.8B
$65.0B – $97.1B
 $109.4B
$109.1B – $109.7B
 $124.3B
$92.8B – $142.8B
 $74.8B
$55.9B – $86.0B
Net Income $70.8B
$65.4B – $102.3B
 $89.4B
$85.5B – $149.2B
 $95.7B
$64.1B – $114.1B
 $120.3B
$80.6B – $143.5B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +21.0% +7.9% +44.0% +23.9%
Gross Profit Growth +31.2% +11.7% +31.7% +33.2%
Operating Income Growth +67.0% +13.9% -16.9% +89.3%
Net Income Growth +70.7% +22.5% -58.1% +292.3%
EBITDA Growth +30.4% +7.3% +16.2% +45.4%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-21 SAMUELI HENRY A-Award 864.00 $0.00 $0
2026-04-20 You Harry L. A-Award 864.00 $0.00 $0
2026-04-20 PAGE JUSTINE A-Award 864.00 $0.00 $0
2026-04-20 Low Check Kian A-Award 864.00 $0.00 $0
2026-04-20 Low Check Kian F-InKind 117.00 $399.63 $46,757
2026-04-20 DELLY GAYLA J A-Award 864.00 $0.00 $0
2026-04-20 Bryant Diane M A-Award 864.00 $0.00 $0
2026-04-20 Hao Kenneth A-Award 864.00 $0.00 $0
2026-04-10 Velaga S. Ram S-Sale 8,000.00 $370.52 $3.0M
2026-04-09 DELLY GAYLA J S-Sale 1,000.00 $358.31 $358,310
2026-04-08 Velaga S. Ram S-Sale 12,955.00 $352.02 $4.6M
2026-04-09 Velaga S. Ram S-Sale 17,260.00 $352.12 $6.1M
2026-04-08 TAN HOCK E G-Gift 22,000.00 $0.00 $0
2026-04-08 PAGE JUSTINE S-Sale 2,018.00 $353.00 $712,354
2026-04-08 Kawwas Charlie B S-Sale 10,000.00 $345.23 $3.5M
2026-03-25 SAMUELI HENRY S-Sale 34,308.00 $317.30 $10.9M
2026-03-25 SAMUELI HENRY S-Sale 44,227.00 $318.39 $14.1M
2026-03-25 SAMUELI HENRY S-Sale 60,049.00 $319.36 $19.2M
2026-03-25 SAMUELI HENRY S-Sale 48,635.00 $320.31 $15.6M
2026-03-25 SAMUELI HENRY S-Sale 36,183.00 $321.22 $11.6M
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-03-23 $0.65 2026-03-03 2026-03-23 2026-03-31
2025-12-22 $0.65 2025-12-09 2025-12-22 2025-12-31
2025-09-22 $0.59 2025-09-03 2025-09-22 2025-09-30
2025-06-20 $0.59 2025-06-04 2025-06-20 2025-06-30
2025-03-20 $0.59 2025-03-05 2025-03-20 2025-03-31
2024-12-23 $0.59 2024-12-12 2024-12-23 2024-12-31
2024-09-19 $0.53 2024-09-05 2024-09-19 2024-09-30
2024-06-24 $5.25 2024-06-12 2024-06-24 2024-06-28
2024-03-20 $5.25 2024-03-06 2024-03-21 2024-03-29
2023-12-19 $5.25 2023-12-07 2023-12-20 2023-12-29
2023-09-20 $4.60 2023-08-31 2023-09-21 2023-09-29
2023-06-21 $4.60 2023-06-01 2023-06-22 2023-06-30
2023-03-21 $4.60 2023-03-02 2023-03-22 2023-03-31
2022-12-19 $4.60 2022-12-08 2022-12-20 2022-12-30
2022-09-21 $4.10 2022-09-01 2022-09-22 2022-09-30
2022-06-21 $4.10 2022-05-26 2022-06-22 2022-06-30
2022-03-21 $4.10 2022-03-03 2022-03-22 2022-03-31
2021-12-21 $4.10 2021-12-09 2021-12-22 2021-12-31
2021-09-21 $3.60 2021-09-02 2021-09-22 2021-09-30
2021-06-21 $3.60 2021-06-03 2021-06-22 2021-06-30
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27