AVGO
Broadcom Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Broadcom Inc.
Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software products worldwide. Semiconductor solutions include custom AI accelerators, networking ASICs and switches, broadband, wireless, storage, and industrial chips sold to cloud, telecom, enterprise, and device customers. Infrastructure software includes VMware, Symantec enterprise security, and mainframe, DevOps, and operations software serving large enterprises. The company sells through direct relationships and distributors.
Coverage
Anthropic Doesn't Trade. It Is Already a $53.4B Line in Amazon's Quarter and Two-Thirds of Microsoft's Beat.
Amazon booked $53.4 billion primarily from its Anthropic stake, and a $3.2 billion gain was two-thirds of Microsoft's beat. The IPO reprices both at once.
AVGO Q3 FY2026 reported earnings analysis
Broadcom beat its AI guide by $700M, put fiscal 2027 AI revenue near $115B and disclosed $20-30B of revenue per gigawatt.
AVGO Q3 FY2026 earnings preview
Broadcom faces $3.22-$3.24 EPS and $29.47B revenue consensus; its $56B annual AI outlook implies $20.8B for Q4.
OpenAI’s Jalapeño Beat GB300 on Its Test. NVIDIA’s $63 Bear Case Needs Three More Things.
OpenAI's Broadcom-built Jalapeño beat GB300 on throughput per watt. Our $63.15 NVIDIA bear case still needs capex digestion, share loss and a de-rating.
Broadcom May Raise $60B for AI Deals. Its 10-Q Already Disclosed a $29B Lease Backstop.
Bloomberg says Broadcom may raise $60B for AI deals. Its 10-Q already discloses the shape: a $29B lease backstop — 44.7% of total debt — behind Apollo's racks.
Google's $12.2B Marvell Warrant Vests Against $120B of Revenue—Not Equity Value.
Marvell's Google warrant covers 58.97M shares, but only 1.36M vest on time. The rest need one $500M revenue tranche each — $120B total, against an $11.5B guide.
Where the revenue goes next
Latest: $29.59B (2026Q3)
| Period | Value |
|---|---|
| 2023Q1 | $8.91B |
| 2023Q2 | $8.73B |
| 2023Q3 | $8.88B |
| 2023Q4 | $9.29B |
| 2024Q1 | $11.96B |
| 2024Q2 | $12.49B |
| 2024Q3 | $13.07B |
| 2024Q4 | $14.05B |
| 2025Q1 | $14.92B |
| 2025Q2 | $15.00B |
| 2025Q3 | $15.95B |
| 2025Q4 | $18.02B |
| 2026Q1 | $19.31B |
| 2026Q2 | $22.19B |
| 2026Q3 | $29.59B |
Latest: $2.68 (2026Q3)
| Period | Value |
|---|---|
| 2023Q1 | $0.88 |
| 2023Q2 | $0.81 |
| 2023Q3 | $0.77 |
| 2023Q4 | $0.82 |
| 2024Q1 | $0.28 |
| 2024Q2 | $0.44 |
| 2024Q3 | −$0.40 |
| 2024Q4 | $0.90 |
| 2025Q1 | $1.14 |
| 2025Q2 | $1.03 |
| 2025Q3 | $0.85 |
| 2025Q4 | $1.74 |
| 2026Q1 | $1.50 |
| 2026Q2 | $1.91 |
| 2026Q3 | $2.68 |
Latest: 47.3 (2026Q3)
| Period | Value |
|---|---|
| 2023Q1 | 19.9 |
| 2023Q2 | 19.6 |
| 2023Q3 | 27.7 |
| 2023Q4 | 25.4 |
| 2024Q1 | 45.4 |
| 2024Q2 | 55.1 |
| 2024Q3 | 125.1 |
| 2024Q4 | 137.3 |
| 2025Q1 | 106.4 |
| 2025Q2 | 76.3 |
| 2025Q3 | 73.6 |
| 2025Q4 | 77.5 |
| 2026Q1 | 64.7 |
| 2026Q2 | 70.2 |
| 2026Q3 | 47.3 |
Latest: $13.66B (2026Q3)
| Period | Value |
|---|---|
| 2023Q1 | $3.93B |
| 2023Q2 | $4.38B |
| 2023Q3 | $4.60B |
| 2023Q4 | $4.72B |
| 2024Q1 | $4.69B |
| 2024Q2 | $4.45B |
| 2024Q3 | $4.79B |
| 2024Q4 | $5.48B |
| 2025Q1 | $6.01B |
| 2025Q2 | $6.41B |
| 2025Q3 | $7.02B |
| 2025Q4 | $7.47B |
| 2026Q1 | $8.01B |
| 2026Q2 | $10.26B |
| 2026Q3 | $13.66B |
Latest: 4.89B (2026Q3)
| Period | Value |
|---|---|
| 2020Q1 | 400M |
| 2020Q2 | 402M |
| 2020Q3 | 405M |
| 2021Q1 | 408M |
| 2021Q2 | 410M |
| 2021Q3 | 412M |
| 2022Q1 | 408M |
| 2022Q2 | 404M |
| 2022Q3 | 405M |
| 2023Q1 | 429M |
| 2023Q2 | 427M |
| 2023Q3 | 4.27B |
| 2023Q4 | 413M |
| 2024Q1 | 4.67B |
| 2024Q2 | 4.80B |
| 2024Q3 | 4.66B |
| 2024Q4 | 4.67B |
| 2025Q1 | 4.84B |
| 2025Q2 | 4.83B |
| 2025Q3 | 4.86B |
| 2025Q4 | 4.72B |
| 2026Q1 | 4.89B |
| 2026Q2 | 4.88B |
| 2026Q3 | 4.89B |
Latest: $95.90B (2026Q3)
| Period | Value |
|---|---|
| 2023Q1 | $3.93B |
| 2023Q2 | $8.31B |
| 2023Q3 | $12.91B |
| 2023Q4 | $17.63B |
| 2024Q1 | $22.33B |
| 2024Q2 | $26.77B |
| 2024Q3 | $31.57B |
| 2024Q4 | $37.05B |
| 2025Q1 | $43.06B |
| 2025Q2 | $49.47B |
| 2025Q3 | $56.49B |
| 2025Q4 | $63.96B |
| 2026Q1 | $71.97B |
| 2026Q2 | $82.23B |
| 2026Q3 | $95.90B |
Latest earnings
Company History
Origins trace to Hewlett-Packard's semiconductor operations, later spun out and renamed multiple times.
Avago Technologies acquires Broadcom Corporation and takes the Broadcom name.
Closes its roughly $69 billion acquisition of VMware, expanding into enterprise infrastructure software.
Signs multi-billion-dollar custom AI chip deals with Google, Meta, Anthropic, and Apple, driving AI semiconductor revenue growth above 140% YoY.
Key Players
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Funds we follow holding AVGO
Showing 5 of 6 by latest reported 13F position value. Market value at quarter-end, not cost basis.
