Gross margin
67.8% Fiscal year 2025
Rank 75 of 100: higher than 75% of 153 peers (All). strong.
Rank 66 of 100: higher than 66% of 57 peers (Sector). medium.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
Broadcom develops semiconductors and software. Its chips are used in networking equipment, data centers, smartphones and broadband devices, plus custom AI chips for large cloud companies. With the acquisition of VMware, data center software became a major pillar. As of Oct 11, 2026
The company develops and supplies semiconductors, solutions based on them and infrastructure software. Its roots go back to AT&T/Bell Labs, Lucent and Hewlett-Packard, and it has grown through acquisitions such as Symantec Enterprise Security and VMware. Its chips are used, for example, in data centers, networking equipment, storage systems, broadband technology, wireless devices and automated factory equipment. For artificial intelligence data centers, it supplies large cloud operators and model developers with custom accelerators (XPUs), Ethernet chips and network cards. The infrastructure software is divided into Mainframe Software, Private Cloud, Cybersecurity, FC SAN Management and Enterprise Software. Sales run through its own sales force, distributors and partners; assembly and testing are mostly handled by contract manufacturers such as TSMC.
Automatically summarized from SEC annual report (10-K, filed Dec 18, 2025) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: greenDebt: yellow
Broadcom · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Dec 18, 2025.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Nov 2, 2025
67.8% Fiscal year 2025
Rank 75 of 100: higher than 75% of 153 peers (All). strong.
Rank 66 of 100: higher than 66% of 57 peers (Sector). medium.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
39.9% Fiscal year 2025
Rank 89 of 100: higher than 89% of 192 peers (All). strong.
Rank 89 of 100: higher than 89% of 60 peers (Sector). strong.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
36.2% Fiscal year 2025
Rank 92 of 100: higher than 92% of 237 peers (All). strong.
Rank 87 of 100: higher than 87% of 63 peers (Sector). strong.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
28.4% Fiscal year 2025
Rank 71 of 100: higher than 71% of 218 peers (All). strong.
Rank 71 of 100: higher than 71% of 61 peers (Sector). strong.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
13.5% Fiscal year 2025 (total assets at year end)
Rank 81 of 100: higher than 81% of 238 peers (All). strong.
Rank 72 of 100: higher than 72% of 63 peers (Sector). strong.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
47.5% Fiscal year 2025
Rank 65 of 100: higher than 65% of 239 peers (All). medium.
Rank 44 of 100: higher than 44% of 63 peers (Sector). medium.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
42.1% Fiscal year 2025
Rank 95 of 100: higher than 95% of 213 peers (All). strong.
Rank 91 of 100: higher than 91% of 62 peers (Sector). strong.
Median Technology: 19.0%
Free cash flow divided by revenue.
26.9B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+24.4% per year
Rank 81 of 100: higher than 81% of 230 peers (All). strong.
Rank 65 of 100: higher than 65% of 59 peers (Sector). medium.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
+21.7% per year
Rank 77 of 100: higher than 77% of 217 peers (All). strong.
Rank 60 of 100: higher than 60% of 54 peers (Sector). medium.
Median Technology: +14.5%
Average growth per year over 5 fiscal years.
+21.6% per year
Rank 72 of 100: higher than 72% of 157 peers (All). strong.
Rank 55 of 100: higher than 55% of 32 peers (Sector). medium.
Median Technology: +19.2%
Growth of earnings per share per year, adjusted for stock splits.
+49.8% per year
Rank 92 of 100: higher than 92% of 146 peers (All). strong.
Rank 84 of 100: higher than 84% of 34 peers (Sector). strong.
Median Technology: +17.0%
Growth of earnings per share per year, adjusted for stock splits.
49% Fiscal year 2025
Dividend per share divided by earnings per share.
+12.7% per year
Rank 69 of 100: higher than 69% of 118 peers (All). strong.
Rank 60 of 100: higher than 60% of 21 peers (Sector). medium.
Median Technology: +11.2%
Growth of the dividend per share per year.
2.3x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
6 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
0.80 at fiscal year end
Rank 40 of 100: lower than 40% of 199 peers (All). medium.
Rank 34 of 100: lower than 34% of 54 peers (Sector). medium.
Median Technology: 0.41
Long-term financial debt divided by equity.
1.71 at fiscal year end
Rank 62 of 100: higher than 62% of 215 peers (All). medium.
Rank 42 of 100: higher than 42% of 63 peers (Sector). medium.
Median Technology: 2.02
Current assets divided by current liabilities.
+15.3% in 5 years
Rank 24 of 100: lower than 24% of 199 peers (All). weak.
Rank 34 of 100: lower than 34% of 51 peers (Sector). medium.
Median Technology: +2.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2025 (Nov 4, 2024 – Nov 2, 2025): Revenue 63.9B USD · Net income 23.1B USD · Net margin 36.2%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 67.8 USD gross profit, 39.9 USD operating income and 36.2 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 63.9B USD | 100.0% |
| Gross profit | 43.3B USD | 67.8% |
| Cost of revenue | 20.6B USD | 32.2% |
| Operating income | 25.5B USD | 39.9% |
| Research & development | 11.0B USD | 17.2% |
| Other operating expenses | 6.8B USD | 10.7% |
| Net income | 23.1B USD | 36.2% |
| Taxes, interest & other (net) | 2.4B USD | 3.7% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin rose in 5 years from 16.8% to 39.9%.
Gross marginOperating marginNet marginReturn on equity rose in 5 years from 12.4% to 28.4%.
Return on equityReturn on assetsThe equity ratio rose in 5 years from 31.4% to 47.5%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases. Definition changes: some years use a different debt tag.The current ratio fell in 5 years from 1.87 to 1.71.
Current ratioFree cash flow rose in 5 years from 11.6B USD to 26.9B USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count rose in 5 years by 15.3% – more new shares were issued than repurchased (dilution).
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 5 years from 1.30 USD to 2.36 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio fell in 5 years from 205.4% to 49.5%.
Payout ratio (earnings)Payout ratio (free cash flow)Over 5 years, 63.7B USD went back to shareholders, 35% of it through share repurchases. That is 68% of the free cash flow of those years. This was offset by new shares issued for 817.0M USD (including employee plans).
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDDividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Broadcom next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| ACN Accenture | 74.2B USD | +8.0% | 32.0% | 15.4% | 11.3% | 26.5% | 42.9% | 15.7% | 6/9 |
| IBM IBM | 67.5B USD | −1.7% | 58.2% | – | 15.7% | 32.4% | 21.5% | 17.9% | 7/9 |
| ORCL Oracle Corporation | 67.4B USD | +10.7% | – | 30.6% | 25.4% | 40.2% | 16.2% | −35.2% | – |
| AVGO Broadcom this stock | 63.9B USD | +21.7% | 67.8% | 39.9% | 36.2% | 28.4% | 47.5% | 42.1% | – |
| CSCO Cisco | 63.3B USD | +4.9% | 64.5% | 24.3% | 21.0% | 26.4% | 38.8% | 20.2% | 7/9 |
| INTC Intel | 52.9B USD | −7.5% | 34.8% | −4.2% | −0.5% | −0.2% | 54.1% | −9.4% | 6/9 |
| QCOM Qualcomm | 44.3B USD | +13.5% | 55.4% | 27.9% | 12.5% | 26.1% | 42.3% | 28.9% | 6/9 |
| CRM Salesforce | 41.5B USD | +14.3% | 77.7% | 20.1% | 18.0% | 12.6% | 52.7% | 34.7% | 7/9 |
| SMCI Supermicro | 39.1B USD | +61.5% | 10.8% | 7.1% | 5.7% | 15.4% | 48.4% | −17.8% | 4/9 |
| Median of the sector 63 symbols | 11.0B USD | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
+21.7% per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it grew by 21.7% per year on average – at least as fast as the median company in the sector (+13.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+50.9% per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: +49.8% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 50.9% per year on average – at least as fast as the median company in the sector (+13.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
36.2% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 USD in revenue, 36.20 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 12.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.60 latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? For every 1 USD of equity there is 0.60 USD of financial debt – more than the median company in the sector (0.45). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
49% Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.49 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
9 of 10 fiscal years with a profit
What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Nov 2, 2025 | 63.9B | 23.1B | 36.2% | 4.77 | 2.36 | 49% |
| 2024 | Nov 3, 2024 | 51.6B | 5.9B | 11.4% | 1.23 | 2.11 | 171% |
| 2023 | Oct 29, 2023 | 35.8B | 14.1B | 39.3% | 3.30 | 1.84 | 56% |
| 2022 | Oct 30, 2022 | 33.2B | 11.5B | 34.6% | 2.65 | 1.64 | 62% |
| 2021 | Oct 31, 2021 | 27.5B | 6.7B | 24.5% | 1.50 | 1.44 | 96% |
| 2020 | Nov 1, 2020 | 23.9B | 3.0B | 12.4% | 0.63 | 1.30 | 205% |
| 2019 | Nov 3, 2019 | 22.6B | 2.7B | 12.1% | 0.64 | 1.06 | 165% |
| 2018 | Nov 4, 2018 | 20.8B | 12.3B | 58.8% | 2.84 | 0.70 | 25% |
| 2017 | Oct 29, 2017 | 17.6B | 1.7B | 9.6% | 0.40 | 0.41 | 101% |
| 2016 | Oct 30, 2016 | 13.2B | −1.7B | −13.1% | −0.49 | 0.19 | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q3/26 | Aug 2, 2026 | 29.6B | 13.1B | 44.2% | 2.68 | 0.65 | 24% |
| Q2/26 | May 3, 2026 | 22.2B | 9.3B | 42.0% | 1.91 | 0.65 | 34% |
| Q1/26 | Feb 1, 2026 | 19.3B | 7.3B | 38.1% | 1.50 | 0.65 | 43% |
| Q4/25* | Nov 2, 2025 | 18.0B | 8.5B | 47.3% | – | 0.59 | – |
| Q3/25 | Aug 3, 2025 | 16.0B | 4.1B | 26.0% | 0.85 | 0.59 | 69% |
| Q2/25 | May 4, 2025 | 15.0B | 5.0B | 33.1% | 1.03 | 0.59 | 57% |
| Q1/25 | Feb 2, 2025 | 14.9B | 5.5B | 36.9% | 1.14 | 0.59 | 52% |
| Q4/24* | Nov 3, 2024 | 14.1B | – | – | – | 0.53 | – |
| Q3/24 | Aug 4, 2024 | 13.1B | −1.9B | −14.3% | −0.40 | 0.53 | – |
| Q2/24 | May 5, 2024 | 12.5B | 2.1B | 17.0% | 0.44 | 0.53 | 119% |
| Q1/24 | Feb 4, 2024 | 12.0B | 1.3B | 11.1% | 0.28 | 0.53 | 185% |
| Q4/23* | Oct 29, 2023 | 9.3B | – | – | – | 0.46 | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 10:1 (between Jun 13, 2024 and Sep 11, 2024). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $250.0M1 person | −$250.0M |
| 6 months | $373.6K1 person | $533.7M4 people | −$533.3M |
| 12 months | $698.7K1 person | $1.2B8 people | −$1.2B |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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