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.
HS
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
VA
Vivek Arya
Bank of America Corporation
8 questions for AVGO
Also covers: ADI, ALGM, AMAT +23 more
SR
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
BR
Ben Reitzes
Melius Research LLC
5 questions for AVGO
Also covers: AAPL, AMD, AMKR +9 more
BC
Blayne Curtis
Jefferies Financial Group
5 questions for AVGO
Also covers: ADI, AIP, ALAB +18 more
CM
CJ Muse
Cantor Fitzgerald
5 questions for AVGO
Also covers: ADI, AMAT, AMD +13 more
HK
Harsh Kumar
Piper Sandler & Co.
5 questions for AVGO
Also covers: ADI, AMD, MCHP +10 more
JM
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
JS
Jim Schneider
Goldman Sachs
3 questions for AVGO
Also covers: ACN, ADI, AMT +23 more
JB
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
BR
Benjamin Reitzes
Melius Research
2 questions for AVGO
Also covers: AAPL, AMD, AMKR +7 more
CM
Christopher Muse
Cantor Fitzgerald
2 questions for AVGO
Also covers: ADI, AMAT, AMD +13 more
JM
Joe Moore
Morgan Stanley
2 questions for AVGO
Also covers: ADI, AMBA, AMD +8 more
SP
Srini Pajjuri
Raymond James Financial
2 questions for AVGO
Also covers: ARM, MRVL
CC
Christopher Caso
Wolfe Research
1 question for AVGO
Also covers: ADI, ALGM, AMAT +16 more
CM
CJ Muse Senior
Cantor Fitzgerald
1 question for AVGO
ES
Edward Snyder
Charter Equity Research
1 question for AVGO
Also covers: QRVO, SWKS
TO
Thomas O’Malley
Barclays Capital
1 question for AVGO
Also covers: ALAB, ALGM, AMD +21 more
TH
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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