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Broadcom Inc. (AVGO) Financials

Q2 FY2026, built from SEC filings. Accession numbers are cited throughout so every figure can be checked against sec.gov. The same data is published as JSON at financials.json for agents that prefer to fetch it directly.

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About this file

TickerAVGO
CIK0001730168
CompanyBroadcom Inc.
Business typeindustrial
Business subtypesemiconductor and infrastructure software
Schema templatestandard operating company (revenue / cost of revenue / gross profit / operating income / net income), extended with two-segment detail (semiconductor solutions and infrastructure software) because Broadcom's reportable segments are the way the company itself presents and manages the business
Fiscal year end52/53-week year ending on the Sunday closest to October 31
Latest period coveredfiscal second quarter and first half of fiscal 2026, ended May 3, 2026
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); share counts in actual shares; per-share amounts in actual dollars
Units note on share countsIn both the 10-K statements of operations and the 10-Q condensed statements of operations, the weighted-average share counts sit inside tables headed '(In millions, except per share data)', so the printed counts (for example diluted 4,853 for fiscal 2025) are millions of shares. They have been multiplied to actual shares here.

Annual

FY2025FY2024FY2023
Fiscal year202520242023
Period start2024-11-042023-10-302022-10-31
Period end2025-11-022024-11-032023-10-29
Weeks in year525352
Source accession0001730168-25-0001210001730168-25-0001210001730168-25-000121
Source descriptionFY2025 Form 10-K, filed December 18, 2025Comparative fiscal 2024 columns as presented in the FY2025 Form 10-K, filed December 18, 2025Comparative fiscal 2023 columns as presented in the FY2025 Form 10-K, filed December 18, 2025
Income statement
Revenue products44,847,000,00034,960,000,00028,949,000,000
Revenue subscriptions and services19,040,000,00016,614,000,0006,870,000,000
Total net revenue63,887,000,00051,574,000,00035,819,000,000
Cost of products sold12,115,000,0009,805,000,0008,641,000,000
Cost of subscriptions and services2,371,000,0002,983,000,000631,000,000
Amortization of acquisition related intangibles in cost of revenue6,031,000,0006,023,000,0001,853,000,000
Restructuring charges in cost of revenue76,000,000254,000,0004,000,000
Total cost of revenue20,593,000,00019,065,000,00011,129,000,000
Gross profit43,294,000,00032,509,000,00024,690,000,000
Gross margin %67.8%63.0%68.9%
Research and development10,977,000,0009,310,000,0005,253,000,000
Selling general and administrative4,211,000,0004,959,000,0001,592,000,000
Amortization of acquisition related intangibles in operating expenses2,031,000,0003,244,000,0001,394,000,000
Restructuring and other charges591,000,0001,533,000,000244,000,000
Total operating expenses17,810,000,00019,046,000,0008,483,000,000
Operating income25,484,000,00013,463,000,00016,207,000,000
Operating margin %39.9%26.1%45.2%
Interest expense-3,210,000,000-3,953,000,000-1,622,000,000
Other income net455,000,000406,000,000512,000,000
Income before income taxes22,729,000,0009,916,000,00015,097,000,000
Provision for benefit from income taxes-397,000,0003,748,000,0001,015,000,000
Income from continuing operations23,126,000,0006,168,000,00014,082,000,000
Loss from discontinued operations net of tax0-273,000,0000
Net income23,126,000,0005,895,000,00014,082,000,000
Net margin %36.2%11.4%39.3%
EPS basic4.911.273.39
EPS diluted4.771.233.3
Weighted average shares basic4,712,000,0004,624,000,0004,149,000,000
Weighted average shares diluted4,853,000,0004,778,000,0004,272,000,000
Dividends declared per share2.362.1051.84
Stock based compensation expense7,568,000,0005,741,000,0002,171,000,000
Balance sheet
As of2025-11-022024-11-03
Cash and cash equivalents16,178,000,0009,348,000,000
Trade accounts receivable net7,145,000,0004,416,000,000
Inventory2,270,000,0001,760,000,000
Other current assets5,980,000,0004,071,000,000
Total current assets31,573,000,00019,595,000,000
Property plant and equipment net2,530,000,0002,521,000,000
Goodwill97,801,000,00097,873,000,000
Intangible assets net32,273,000,00040,583,000,000
Other long term assets6,915,000,0005,073,000,000
Total assets171,092,000,000165,645,000,000
Accounts payable1,560,000,0001,662,000,000
Employee compensation and benefits2,129,000,0001,971,000,000
Short term debt3,152,000,0001,271,000,000
Other current liabilities11,673,000,00011,793,000,000
Total current liabilities18,514,000,00016,697,000,000
Long term debt61,984,000,00066,295,000,000
Other long term liabilities9,302,000,00014,975,000,000
Total liabilities89,800,000,00097,967,000,000
Common stock par value5,000,0005,000,000
Additional paid in capital71,308,000,00067,466,000,000
Retained earnings9,761,000,0000
Accumulated other comprehensive income218,000,000207,000,000
Total stockholders equity81,292,000,00067,678,000,000
Total liabilities and equity171,092,000,000165,645,000,000
Shares issued and outstanding4,741,000,0004,686,000,000
Total debt carrying value65,136,000,00067,566,000,000
Total debt principal outstanding67,120,000,00069,847,000,000
Net debt48,958,000,00058,218,000,000
Cash flow
Net income23,126,000,0005,895,000,00014,082,000,000
Amortization of intangible and right of use assets8,201,000,0009,417,000,0003,333,000,000
Depreciation574,000,000593,000,000502,000,000
Stock based compensation7,568,000,0005,741,000,0002,171,000,000
Deferred taxes and other non cash taxes-4,008,000,0001,965,000,000-501,000,000
Loss on debt extinguishment138,000,000157,000,000
Non cash interest expense344,000,000427,000,000132,000,000
Net cash provided by operating activities27,537,000,00019,962,000,00018,085,000,000
Acquisitions of businesses net of cash acquired0-25,978,000,000-53,000,000
Proceeds from sales of businesses300,000,0003,485,000,000
Purchases of property plant and equipment-623,000,000-548,000,000-452,000,000
Purchases of investments-597,000,000-175,000,000-346,000,000
Sales of investments248,000,000156,000,000228,000,000
Net cash used in investing activities-580,000,000-23,070,000,000-689,000,000
Proceeds from long term borrowings15,666,000,00039,954,000,0000
Payments on debt obligations-18,478,000,000-19,608,000,000-403,000,000
Payments of dividends-11,142,000,000-9,814,000,000-7,645,000,000
Repurchases of common stock repurchase program-2,450,000,000-7,176,000,000-5,824,000,000
Shares repurchased for tax withholdings on vesting of equity awards-3,860,000,000-5,216,000,000-1,861,000,000
Issuance of common stock221,000,000190,000,000122,000,000
Net cash used in financing activities-20,127,000,000-1,733,000,000-15,623,000,000
Net change in cash and cash equivalents6,830,000,000-4,841,000,0001,773,000,000
Cash and cash equivalents end of period16,178,000,0009,348,000,00014,189,000,000
Capital expenditures623,000,000548,000,000452,000,000
Free cash flow26,914,000,00019,414,000,00017,633,000,000
Cash paid for interest2,672,000,0003,250,000,0001,503,000,000
Cash paid for income taxes2,589,000,0003,155,000,0001,782,000,000
Segments
Semiconductor solutions
Net revenue36,858,000,00030,096,000,00028,182,000,000
Cost of revenue11,740,000,0009,809,000,0008,447,000,000
Research and development3,407,000,0003,140,000,0002,896,000,000
Selling general and administrative479,000,000388,000,000353,000,000
Operating income21,232,000,00016,759,000,00016,486,000,000
Infrastructure software
Net revenue27,029,000,00021,478,000,0007,637,000,000
Cost of revenue1,902,000,0002,306,000,000615,000,000
Research and development2,550,000,0002,707,000,000844,000,000
Selling general and administrative1,812,000,0002,488,000,000539,000,000
Operating income20,765,000,00013,977,000,0005,639,000,000
Unallocated expenses
Amortization of acquisition related intangible assets8,062,000,0009,267,000,0003,247,000,000
Stock based compensation7,568,000,0005,670,000,0002,171,000,000
Restructuring and other charges667,000,0001,787,000,000248,000,000
Acquisition related costs216,000,000549,000,000252,000,000
Consolidated operating income25,484,000,00013,463,000,00016,207,000,000
Geographic net revenue
United states16,506,000,00012,887,000,0006,975,000,000
China including hong kong11,155,000,00010,483,000,00011,533,000,000
Singapore10,796,000,0009,559,000,0004,479,000,000
Taiwan6,451,000,000
Other foreign countries18,979,000,00018,645,000,00012,832,000,000
Balance sheet noteThe FY2025 10-K presents the balance sheet for only two dates (November 2, 2025 and November 3, 2024), so no fiscal 2023 balance sheet is shown on the face of that filing. The one fiscal 2023 balance-sheet figure that does appear is the closing cash balance carried into the cash flow statement: cash and cash equivalents of $14,189 million at October 29, 2023.

Quarterly

FY2026 Q2FY2025 Q2 (prior-year comparative)FY2026 first half (two fiscal quarters)FY2025 first half (prior-year comparative)
LabelFY2026 Q2FY2025 Q2 (prior-year comparative)FY2026 first half (two fiscal quarters)FY2025 first half (prior-year comparative)
Period typefiscal quarterfiscal quarteryear to dateyear to date
Period start2026-02-022025-02-032025-11-032024-11-04
Period end2026-05-032025-05-042026-05-032025-05-04
Source accession0001730168-26-0000540001730168-26-0000540001730168-26-0000540001730168-26-000054
Source descriptionForm 10-Q for the fiscal quarter ended May 3, 2026, filed June 9, 2026 (unaudited)Prior-year comparative columns as presented in the Form 10-Q for the fiscal quarter ended May 3, 2026 (unaudited)Form 10-Q for the fiscal quarter ended May 3, 2026, filed June 9, 2026 (unaudited)Prior-year comparative columns as presented in the Form 10-Q for the fiscal quarter ended May 3, 2026 (unaudited)
Income statement
Revenue products16,892,000,00010,309,000,00031,022,000,00020,452,000,000
Revenue subscriptions and services5,295,000,0004,695,000,00010,476,000,0009,468,000,000
Total net revenue22,187,000,00015,004,000,00041,498,000,00029,920,000,000
Cost of products sold4,665,000,0002,722,000,0008,706,000,0005,417,000,000
Cost of subscriptions and services636,000,000574,000,0001,274,000,0001,152,000,000
Amortization of acquisition related intangibles in cost of revenue1,461,000,0001,483,000,0002,923,000,0002,967,000,000
Restructuring charges in cost of revenue10,000,00028,000,00023,000,00042,000,000
Total cost of revenue6,772,000,0004,807,000,00012,926,000,0009,578,000,000
Gross profit15,415,000,00010,197,000,00028,572,000,00020,342,000,000
Gross margin %69.5%68.0%68.9%68.0%
Research and development2,995,000,0002,693,000,0005,960,000,0004,946,000,000
Selling general and administrative1,055,000,0001,083,000,0002,074,000,0002,032,000,000
Amortization of acquisition related intangibles in operating expenses506,000,000506,000,0001,013,000,0001,017,000,000
Restructuring and other charges71,000,00086,000,000174,000,000258,000,000
Total operating expenses4,627,000,0004,368,000,0009,221,000,0008,253,000,000
Operating income10,788,000,0005,829,000,00019,351,000,00012,089,000,000
Operating margin %48.6%38.8%46.6%40.4%
Interest expense-776,000,000-769,000,000-1,577,000,000-1,642,000,000
Other income net118,000,00025,000,000551,000,000128,000,000
Income before income taxes10,130,000,0005,085,000,00018,325,000,00010,575,000,000
Provision for income taxes820,000,000120,000,0001,666,000,000107,000,000
Net income9,310,000,0004,965,000,00016,659,000,00010,468,000,000
Net margin %42.0%33.1%40.1%35.0%
EPS basic1.961.053.512.23
EPS diluted1.911.033.412.17
Weighted average shares basic4,747,000,0004,707,000,0004,744,000,0004,701,000,000
Weighted average shares diluted4,876,000,0004,826,000,0004,882,000,0004,831,000,000
Dividends declared per share0.650.591.31.18
Dividends to common stockholders3,092,000,0002,785,000,0006,178,000,0005,559,000,000
Stock based compensation expense2,092,000,0001,771,000,0004,268,000,0003,051,000,000
Balance sheet
As of2026-05-03
Cash and cash equivalents19,628,000,000
Trade accounts receivable net10,830,000,000
Inventory4,328,000,000
Other current assets7,427,000,000
Total current assets42,213,000,000
Property plant and equipment net2,788,000,000
Goodwill97,801,000,000
Intangible assets net28,333,000,000
Other long term assets8,023,000,000
Total assets179,158,000,000
Accounts payable2,337,000,000
Employee compensation and benefits1,134,000,000
Short term debt2,252,000,000
Other current liabilities13,139,000,000
Total current liabilities18,862,000,000
Long term debt62,655,000,000
Other long term liabilities9,950,000,000
Total liabilities91,467,000,000
Common stock par value5,000,000
Additional paid in capital75,312,000,000
Retained earnings12,166,000,000
Accumulated other comprehensive income208,000,000
Total stockholders equity87,691,000,000
Total liabilities and equity179,158,000,000
Shares issued and outstanding4,758,000,000
Shares outstanding on cover page4,757,580,198
Shares outstanding cover date2026-05-29
Total debt carrying value64,907,000,000
Total debt principal outstanding66,720,000,000
Net debt45,279,000,000
Segments
Semiconductor solutions
Net revenue15,009,000,0008,408,000,00027,524,000,00016,620,000,000
Cost of revenue4,573,000,0002,631,000,0008,522,000,0005,247,000,000
Research and development999,000,000847,000,0001,940,000,0001,638,000,000
Selling general and administrative156,000,000124,000,000278,000,000223,000,000
Operating income9,281,000,0004,806,000,00016,784,000,0009,512,000,000
Infrastructure software
Net revenue7,178,000,0006,596,000,00013,974,000,00013,300,000,000
Cost of revenue505,000,000462,000,000999,000,000966,000,000
Research and development601,000,000677,000,0001,178,000,0001,317,000,000
Selling general and administrative425,000,000470,000,000827,000,000908,000,000
Operating income5,647,000,0004,987,000,00010,970,000,00010,109,000,000
Unallocated expenses
Stock based compensation2,092,000,0001,771,000,0004,268,000,0003,051,000,000
Amortization of acquisition related intangible assets1,967,000,0001,989,000,0003,936,000,0003,984,000,000
Restructuring and other charges81,000,000114,000,000197,000,000300,000,000
Acquisition related costs090,000,0002,000,000197,000,000
Consolidated operating income10,788,000,0005,829,000,00019,351,000,00012,089,000,000
Cash flow
Net income16,659,000,00010,468,000,000
Amortization of intangible and right of use assets4,005,000,0004,056,000,000
Depreciation313,000,000284,000,000
Stock based compensation4,268,000,0003,051,000,000
Deferred taxes and other non cash taxes-1,058,000,000-1,267,000,000
Loss on debt extinguishment86,000,00065,000,000
Non cash interest expense139,000,000191,000,000
Net cash provided by operating activities18,753,000,00012,668,000,000
Purchases of property plant and equipment-481,000,000-244,000,000
Purchases of investments-137,000,000-162,000,000
Sales of investments283,000,00096,000,000
Net cash used in investing activities-323,000,000-307,000,000
Proceeds from long term borrowings4,474,000,0003,735,000,000
Payments on debt obligations-4,900,000,000-8,090,000,000
Proceeds from commercial paper net03,861,000,000
Payments of dividends-6,178,000,000-5,559,000,000
Repurchases of common stock repurchase program-8,450,000,000-2,450,000,000
Shares repurchased for tax withholdings on vesting of equity awards0-3,802,000,000
Issuance of common stock113,000,000118,000,000
Net cash used in financing activities-14,980,000,000-12,237,000,000
Net change in cash and cash equivalents3,450,000,000124,000,000
Cash and cash equivalents end of period19,628,000,0009,472,000,000
Capital expenditures481,000,000244,000,000
Free cash flow18,272,000,00012,424,000,000
Balance sheet referenceSee the FY2026 Q2 entry above for the May 3, 2026 balance sheet.

Trailing twelve months

Trailing twelve months ended May 3, 2026
LabelTrailing twelve months ended May 3, 2026
Period start2025-05-05
Period end2026-05-03
DerivationFiscal 2025 full year (from the FY2025 10-K, accession 0001730168-25-000121) minus the first half of fiscal 2025 plus the first half of fiscal 2026 (both from the Form 10-Q for the quarter ended May 3, 2026, accession 0001730168-26-000054). Every input is a figure printed on the face of one of those two filings.
Total net revenue75,465,000,000
Gross profit51,524,000,000
Operating income32,746,000,000
Net income29,317,000,000
Net cash provided by operating activities33,622,000,000
Capital expenditures860,000,000
Free cash flow32,762,000,000
Dividends paid11,761,000,000
Semiconductor solutions net revenue47,762,000,000
Infrastructure software net revenue27,703,000,000
NoteDiluted earnings per share is deliberately not shown on a trailing-twelve-month basis, because the weighted-average share counts of the component periods are not additive.

Units notes seen

Value
FY2025 10-K consolidated balance sheets(In millions, except par value)
FY2025 10-K consolidated statements of operations(In millions, except per share data)
FY2025 10-K consolidated statements of comprehensive income(In millions)
FY2025 10-K consolidated statements of cash flows(In millions)
FY2025 10-K Note 13 segment information(In millions)
FY2025 10-K Note 11 cash dividends declared and paid(In millions, except per share data)
FY2025 10-K Note 10 debt schedule(Dollars in millions)
FY2025 10-K MD&A net revenue by segment(In millions, except percentages)
FY2026 Q2 10-Q condensed consolidated balance sheets(In millions, except par value)
FY2026 Q2 10-Q condensed consolidated statements of operations(In millions, except per share data)
FY2026 Q2 10-Q condensed consolidated statements of cash flows(In millions)
FY2026 Q2 10-Q Note 9 segment information(In millions)
FY2026 Q2 10-Q Note 6 debt summary(In millions)

Adjustments

Value
Splits applied
1.
Date2024-07-15
Ratio10:1
Typeforward
TreatmentNo manual adjustment was needed. The 10-for-1 forward split took effect in July 2024, before the fiscal 2025 10-K was filed, so every per-share figure and weighted-average share count presented in that 10-K (fiscal years 2025, 2024 and 2023) and in the fiscal 2026 second-quarter 10-Q is already stated on the post-split basis. All per-share figures in this file are therefore directly comparable across periods.
ADR ration/a
FXNone. Broadcom reports in U.S. dollars, so no currency conversion was applied.

Notes

Uncertainties

Company details

Value
NameBroadcom Inc.
TickerAVGO
CIK0001730168
ExchangeNasdaq
StateCalifornia
Incorporation
SIC3674
OfficeManufacturing
IndustrySemiconductors & Related Devices

Next filing

Value
Predicted date2026-09-09
Predicted type10-Q

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-05-03
Form10-Q
Accession0001730168-26-000054
Fiscal year end1101
Sourcefacts

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