Earnings summaries and quarterly performance for Broadcom.
Executive leadership at Broadcom.
Board of directors at Broadcom.
Research analysts who have asked questions during Broadcom earnings calls.
Harlan Sur
JPMorgan Chase & Co.
8 questions for AVGO
Also covers: ADI, ALAB, AMAT +15 more
Ross Seymore
Deutsche Bank
8 questions for AVGO
Also covers: ADI, ALAB, AMBA +14 more
Vivek Arya
Bank of America Corporation
8 questions for AVGO
Also covers: ADI, ALGM, AMAT +23 more
Stacy Rasgon
Bernstein Research
7 questions for AVGO
Also covers: ADI, AMAT, AMD +6 more
Christopher Rolland
Susquehanna Financial Group
6 questions for AVGO
Also covers: ADI, AMBA, COHR +18 more
Karl Ackerman
BNP Paribas
6 questions for AVGO
Also covers: ANET, CIEN, CLS +15 more
Ben Reitzes
Melius Research LLC
5 questions for AVGO
Also covers: AAPL, AMD, AMKR +9 more
Blayne Curtis
Jefferies Financial Group
5 questions for AVGO
Also covers: ADI, AIP, ALAB +18 more
CJ Muse
Cantor Fitzgerald
5 questions for AVGO
Also covers: ADI, AMAT, AMD +13 more
Harsh Kumar
Piper Sandler & Co.
5 questions for AVGO
Also covers: ADI, AMD, MCHP +10 more
Joseph Moore
Morgan Stanley
5 questions for AVGO
Also covers: ADI, AEVA, ALAB +22 more
William Stein
Truist Securities
4 questions for AVGO
Also covers: ADI, APH, ARW +14 more
Aaron Rakers
Wells Fargo
3 questions for AVGO
Also covers: AAPL, AMD, ANET +19 more
Jim Schneider
Goldman Sachs
3 questions for AVGO
Also covers: ACN, ADI, AMT +23 more
Joshua Buchalter
TD Cowen
3 questions for AVGO
Also covers: ADI, AIP, ALGM +15 more
Timothy Arcuri
UBS
3 questions for AVGO
Also covers: ADI, ALGM, AMAT +17 more
Vijay Rakesh
Mizuho
3 questions for AVGO
Also covers: ALGM, ALV, AMAT +16 more
Benjamin Reitzes
Melius Research
2 questions for AVGO
Also covers: AAPL, AMD, AMKR +7 more
Christopher Muse
Cantor Fitzgerald
2 questions for AVGO
Also covers: ADI, AMAT, AMD +13 more
Joe Moore
Morgan Stanley
2 questions for AVGO
Also covers: ADI, AMBA, AMD +8 more
Srini Pajjuri
Raymond James Financial
2 questions for AVGO
Also covers: ARM, MRVL
Christopher Caso
Wolfe Research
1 question for AVGO
Also covers: ADI, ALGM, AMAT +16 more
CJ Muse Senior
Cantor Fitzgerald
1 question for AVGO
Edward Snyder
Charter Equity Research
1 question for AVGO
Also covers: QRVO, SWKS
Thomas O’Malley
Barclays Capital
1 question for AVGO
Also covers: ALAB, ALGM, AMD +21 more
Toshiya Hari
Goldman Sachs Group, Inc.
1 question for AVGO
Also covers: AMAT, AMD, AMKR +17 more
Recent press releases and 8-K filings for AVGO.
Broadcom shares drop on AI spending concerns
AVGO
Profit Warning
Guidance Update
- Broadcom shares fell nearly 11% as the company warned that increasing AI investment would compress profit margins despite reporting record revenue and raising its dividend.
- KeyBanc lifted its price target on Broadcom to $500 from $460, citing AI revenues of $6.5 billion in Q4 and an anticipated rise to $8.2 billion in Q1, plus an $11 billion Anthropic order for late 2026.
- The broader tech sector also saw pressure, with Oracle down over 10% on cash burn and capex concerns, and Nvidia considering scaling up H200 chip production after receiving export approval for sales to China.
- President Trump signed an executive order to limit state-level AI regulations, aiming to maintain U.S. leadership in artificial intelligence.
Dec 12, 2025, 11:35 AM
Broadcom reports Q4 FY2025 results
AVGO
Earnings
Guidance Update
Dividends
- Record Q4 consolidated revenue of $18 billion (+28% YoY) and adjusted EBITDA of $12.12 billion (68% margin; +34% YoY)
- Q4 semiconductor revenue $11.1 billion (+35% YoY) driven by AI semis $6.5 billion (+74% YoY); Q4 infrastructure software revenue $6.9 billion (+19% YoY)
- AI order backlog of $73 billion for next 18 months and infrastructure software backlog of $73 billion, up from $49 billion a year ago
- Q1 FY2026 guidance: consolidated revenue $19.1 billion (+28% YoY), AI semiconductor revenue $8.2 billion (+100% YoY), infrastructure software revenue $6.8 billion; adjusted EBITDA ~67%
- Q1 dividend raised 10% to $0.65 per share (record annual $2.60); $7.5 billion share repurchase capacity extended through 2026
Dec 11, 2025, 10:00 PM
Broadcom reports Q4 2025 results
AVGO
Earnings
Guidance Update
Dividends
- Record Q4 revenue of $18.0 billion (+28% y/y) and adjusted EBITDA of $12.12 billion (+34% y/y); AI semiconductor revenue was $6.5 billion (+74% y/y), and infrastructure software revenue was $6.9 billion (+19% y/y)
- Fiscal 2025 full-year revenue of $63.9 billion (+24% y/y), with semiconductor revenue of $36.9 billion (+22%), software revenue of $27.0 billion (+26%), and free cash flow of $26.9 billion (+39% y/y)
- Q1 FY 2026 guidance: consolidated revenue of $19.1 billion (+28% y/y); AI semiconductor revenue to double to $8.2 billion, non-AI semiconductor revenue of $4.1 billion, infrastructure software revenue of $6.8 billion, and adjusted EBITDA of ~67%
- AI order backlog exceeds $73 billion, to be delivered over the next 18 months; infrastructure software backlog also at $73 billion, up from $49 billion a year ago
- Increased quarterly dividend to $0.65 per share (10% increase), implying an annual dividend of $2.60 (15th consecutive annual increase)
Dec 11, 2025, 10:00 PM
Broadcom announces Q4 2025 results
AVGO
Earnings
Guidance Update
Dividends
- Broadcom reported Q4 revenue of $18 billion, up 28% YoY, and adjusted EBITDA of $12.12 billion, up 34% YoY.
- Semiconductor segment revenue reached $11.1 billion (+35% YoY), driven by AI semiconductor sales of $6.5 billion (+74% YoY) and a total AI order backlog exceeding $73 billion.
- Infrastructure Software revenue was $6.9 billion, up 19% YoY, with bookings of $10.4 billion in Q4 and a year-end software backlog of $73 billion.
- For fiscal 2025, Broadcom achieved $63.9 billion in revenue (+24% YoY), $43 billion of adjusted EBITDA (67% margin), and $26.9 billion in free cash flow (+39% YoY).
- Q1 FY2026 guidance calls for $19.1 billion in revenue (+28% YoY) with AI semiconductors doubling to $8.2 billion; the quarterly dividend was raised 10% to $0.65 per share (implying $2.60 annual).
Dec 11, 2025, 10:00 PM
Broadcom announces Q4 FY25 financial results
AVGO
Earnings
- Broadcom reported FY25 net revenue of $63.9 billion, up from $51.6 billion in FY24.
- Broadcom’s non-GAAP gross margin expanded to 78.6%, compared to 76.5% in FY24.
- The company achieved adjusted EBITDA of $43.0 billion, up from $31.9 billion in FY24.
- Non-GAAP free cash flow reached $26.9 billion, versus $19.4 billion in FY24.
Dec 11, 2025, 10:00 PM
Broadcom reports Q4 2025 results and dividend increase
AVGO
Earnings
Guidance Update
Dividends
- Broadcom delivered $18.0 B in Q4 FY2025 revenue, up 28% year-over-year; GAAP net income was $8.5 B (EPS $1.74), and non-GAAP net income was $9.7 B (EPS $1.95).
- Adjusted EBITDA for the quarter was $12.2 B (68% of revenue) and free cash flow reached $7.5 B (41% of revenue).
- The Board approved a 10% increase in the quarterly dividend to $0.65 per share, payable December 31, 2025, with a record date of December 22, 2025.
- Q1 FY2026 guidance projects revenue of approximately $19.1 B (+28% YoY) and adjusted EBITDA of 67% of revenue.
Dec 11, 2025, 9:17 PM
Broadcom announces Q4 and FY2025 results and dividend
AVGO
Earnings
Guidance Update
Dividends
- Q4 FY25 revenue $18.015 billion (+28% YoY); GAAP EPS $1.74, non-GAAP EPS $1.95
- Q4 Adjusted EBITDA $12.218 billion (68% of revenue); free cash flow $7.466 billion (41% of revenue)
- FY25 revenue $63.887 billion (+24% YoY); adjusted EBITDA $43.004 billion (+35%); free cash flow $26.914 billion (+39%)
- Quarterly dividend increased 10% to $0.65 per share, targeting FY26 annual dividend of $2.60 per share
- Q1 FY26 guidance: revenue of ~$19.1 billion and adjusted EBITDA margin of 67%
Dec 11, 2025, 9:15 PM
Broadcom unveils industry’s first 800G AI Ethernet NIC
AVGO
Product Launch
- Broadcom announced Thor Ultra, the industry’s first 800G AI Ethernet Network Interface Card, compliant with the open Ultra Ethernet Consortium (UEC) specification to scale AI workloads across XPUs.
- The NIC introduces advanced RDMA features including packet-level multipathing, out-of-order delivery, selective retransmission, and programmable congestion control for large AI clusters.
- Thor Ultra supports standard PCIe CEM and OCP 3.0 form factors, a PCIe Gen6 x16 host interface, and 100G/200G PAM4 SerDes with long-reach passive copper.
- The product is now sampling and integrates with Broadcom’s Ethernet AI networking portfolio alongside Tomahawk switches and Scale-Up Ethernet solutions.
Oct 14, 2025, 1:05 PM
Broadcom launches Wi-Fi 8 silicon ecosystem
AVGO
Product Launch
- Broadcom unveils the industry’s first Wi-Fi 8 silicon ecosystem for residential gateways, enterprise access points, and mobile clients, engineered for AI-era edge networks.
- The new BCM6718, BCM43840, BCM43820, and BCM43109 chips support IEEE 802.11bn and WFA Wi-Fi 8 specifications across residential, enterprise, and smart mobile segments.
- Solutions include a hardware-accelerated telemetry engine and advanced features—inter-AP coordination, congestion avoidance, range enhancements, and seamless roaming—to optimize AI-driven network performance.
- Wi-Fi 8 silicon is currently sampling, and Broadcom’s IP is available for licensing to IoT, automotive, and mobile device manufacturers.
Oct 14, 2025, 7:01 AM
Broadcom and OpenAI to deploy 10 gigawatts of AI accelerators
AVGO
New Projects/Investments
- Broadcom and OpenAI sign an agreement to co-develop and deploy 10 gigawatts of custom AI accelerators and Ethernet network systems.
- OpenAI will design the accelerators and systems with insights from its frontier models, and Broadcom will supply and deploy racks of these systems.
- Deployment is targeted to begin in the second half of 2026 and complete by the end of 2029.
- The collaboration reinforces Broadcom’s leadership in AI infrastructure, integrating its end-to-end Ethernet, PCIe, and optical connectivity solutions.
Oct 13, 2025, 1:00 PM
Quarterly earnings call transcripts for Broadcom.
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