Broadcom Inc. (AVGO) Q3 FY2026 Financial Statements: Revenue $29.59B, Net income $13.09B
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PeriodQ3 FY2026Q2 FY2026
Published
Broadcom Inc. reported $29.59 billion in net revenue for Q3 FY2026, the quarter ended August 2, 2026, up 85.5% from the same quarter a year earlier, and net income of $13.09 billion, up 216.1%. The bulk of that growth came from semiconductors: semiconductor solutions revenue reached $20.84 billion, up 127.4%, which Broadcom attributes to demand for its custom AI accelerators and AI networking products, while infrastructure software revenue was $8.75 billion, up 29.0%. Diluted earnings per share were $2.68, against $0.85 a year earlier.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $29,591,000,000 | up 85.5% |
| Net income | $13,088,000,000 | up 216.1% |
| Diluted EPS | $2.68 | up 215.3% |
| Semiconductor solutions revenue | $20,839,000,000 | up 127.4% |
| Infrastructure software revenue | $8,752,000,000 | up 29.0% |
About this file
| Ticker | AVGO |
|---|---|
| CIK | 0001730168 |
| Company | Broadcom Inc. |
| Business type | industrial |
| Schema template | standard 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 |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); share counts in actual shares; per-share amounts in actual dollars |
AVGO annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Period start | 2024-11-04 | 2023-10-30 | 2022-10-31 |
| Period end | 2025-11-02 | 2024-11-03 | 2023-10-29 |
| Weeks in year | 52 | 53 | 52 |
| Source accession | 0001730168-25-000121 | 0001730168-25-000121 | 0001730168-25-000121 |
| Source description | FY2025 Form 10-K, filed December 18, 2025 | Comparative fiscal 2024 columns as presented in the FY2025 Form 10-K, filed December 18, 2025 | Comparative fiscal 2023 columns as presented in the FY2025 Form 10-K, filed December 18, 2025 |
| Income statement | |||
| Revenue products | 44,847,000,000 | 34,960,000,000 | 28,949,000,000 |
| Revenue subscriptions and services | 19,040,000,000 | 16,614,000,000 | 6,870,000,000 |
| Total net revenue | 63,887,000,000 | 51,574,000,000 | 35,819,000,000 |
| Cost of products sold | 12,115,000,000 | 9,805,000,000 | 8,641,000,000 |
| Cost of subscriptions and services | 2,371,000,000 | 2,983,000,000 | 631,000,000 |
| Amortization of acquisition related intangibles in cost of revenue | 6,031,000,000 | 6,023,000,000 | 1,853,000,000 |
| Restructuring charges in cost of revenue | 76,000,000 | 254,000,000 | 4,000,000 |
| Total cost of revenue | 20,593,000,000 | 19,065,000,000 | 11,129,000,000 |
| Gross profit | 43,294,000,000 | 32,509,000,000 | 24,690,000,000 |
| Gross margin % | 67.8% | 63.0% | 68.9% |
| Research and development | 10,977,000,000 | 9,310,000,000 | 5,253,000,000 |
| Selling general and administrative | 4,211,000,000 | 4,959,000,000 | 1,592,000,000 |
| Amortization of acquisition related intangibles in operating expenses | 2,031,000,000 | 3,244,000,000 | 1,394,000,000 |
| Restructuring and other charges | 591,000,000 | 1,533,000,000 | 244,000,000 |
| Total operating expenses | 17,810,000,000 | 19,046,000,000 | 8,483,000,000 |
| Operating income | 25,484,000,000 | 13,463,000,000 | 16,207,000,000 |
| Operating margin % | 39.9% | 26.1% | 45.2% |
| Interest expense | -3,210,000,000 | -3,953,000,000 | -1,622,000,000 |
| Other income net | 455,000,000 | 406,000,000 | 512,000,000 |
| Income before income taxes | 22,729,000,000 | 9,916,000,000 | 15,097,000,000 |
| Provision for benefit from income taxes | -397,000,000 | 3,748,000,000 | 1,015,000,000 |
| Income from continuing operations | 23,126,000,000 | 6,168,000,000 | 14,082,000,000 |
| Loss from discontinued operations net of tax | 0 | -273,000,000 | 0 |
| Net income | 23,126,000,000 | 5,895,000,000 | 14,082,000,000 |
| Net margin % | 36.2% | 11.4% | 39.3% |
| EPS basic | 4.91 | 1.27 | 3.39 |
| EPS diluted | 4.77 | 1.23 | 3.3 |
| Weighted average shares basic | 4,712,000,000 | 4,624,000,000 | 4,149,000,000 |
| Weighted average shares diluted | 4,853,000,000 | 4,778,000,000 | 4,272,000,000 |
| Dividends declared per share | 2.36 | 2.105 | 1.84 |
| Stock based compensation expense | 7,568,000,000 | 5,741,000,000 | 2,171,000,000 |
| Balance sheet | |||
| As of | 2025-11-02 | 2024-11-03 | |
| Cash and cash equivalents | 16,178,000,000 | 9,348,000,000 | |
| Trade accounts receivable net | 7,145,000,000 | 4,416,000,000 | |
| Inventory | 2,270,000,000 | 1,760,000,000 | |
| Other current assets | 5,980,000,000 | 4,071,000,000 | |
| Total current assets | 31,573,000,000 | 19,595,000,000 | |
| Property plant and equipment net | 2,530,000,000 | 2,521,000,000 | |
| Goodwill | 97,801,000,000 | 97,873,000,000 | |
| Intangible assets net | 32,273,000,000 | 40,583,000,000 | |
| Other long term assets | 6,915,000,000 | 5,073,000,000 | |
| Total assets | 171,092,000,000 | 165,645,000,000 | |
| Accounts payable | 1,560,000,000 | 1,662,000,000 | |
| Employee compensation and benefits | 2,129,000,000 | 1,971,000,000 | |
| Short term debt | 3,152,000,000 | 1,271,000,000 | |
| Other current liabilities | 11,673,000,000 | 11,793,000,000 | |
| Total current liabilities | 18,514,000,000 | 16,697,000,000 | |
| Long term debt | 61,984,000,000 | 66,295,000,000 | |
| Other long term liabilities | 9,302,000,000 | 14,975,000,000 | |
| Total liabilities | 89,800,000,000 | 97,967,000,000 | |
| Common stock par value | 5,000,000 | 5,000,000 | |
| Additional paid in capital | 71,308,000,000 | 67,466,000,000 | |
| Retained earnings | 9,761,000,000 | 0 | |
| Accumulated other comprehensive income | 218,000,000 | 207,000,000 | |
| Total stockholders equity | 81,292,000,000 | 67,678,000,000 | |
| Total liabilities and equity | 171,092,000,000 | 165,645,000,000 | |
| Shares issued and outstanding | 4,741,000,000 | 4,686,000,000 | |
| Total debt carrying value | 65,136,000,000 | 67,566,000,000 | |
| Total debt principal outstanding | 67,120,000,000 | 69,847,000,000 | |
| Net debt | 48,958,000,000 | 58,218,000,000 | |
| Cash flow | |||
| Net income | 23,126,000,000 | 5,895,000,000 | 14,082,000,000 |
| Amortization of intangible and right of use assets | 8,201,000,000 | 9,417,000,000 | 3,333,000,000 |
| Depreciation | 574,000,000 | 593,000,000 | 502,000,000 |
| Stock based compensation | 7,568,000,000 | 5,741,000,000 | 2,171,000,000 |
| Deferred taxes and other non cash taxes | -4,008,000,000 | 1,965,000,000 | -501,000,000 |
| Loss on debt extinguishment | 138,000,000 | 157,000,000 | |
| Non cash interest expense | 344,000,000 | 427,000,000 | 132,000,000 |
| Net cash provided by operating activities | 27,537,000,000 | 19,962,000,000 | 18,085,000,000 |
| Acquisitions of businesses net of cash acquired | 0 | -25,978,000,000 | -53,000,000 |
| Proceeds from sales of businesses | 300,000,000 | 3,485,000,000 | |
| 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 investments | 248,000,000 | 156,000,000 | 228,000,000 |
| Net cash used in investing activities | -580,000,000 | -23,070,000,000 | -689,000,000 |
| Proceeds from long term borrowings | 15,666,000,000 | 39,954,000,000 | 0 |
| 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 stock | 221,000,000 | 190,000,000 | 122,000,000 |
| Net cash used in financing activities | -20,127,000,000 | -1,733,000,000 | -15,623,000,000 |
| Net change in cash and cash equivalents | 6,830,000,000 | -4,841,000,000 | 1,773,000,000 |
| Cash and cash equivalents end of period | 16,178,000,000 | 9,348,000,000 | 14,189,000,000 |
| Capital expenditures | 623,000,000 | 548,000,000 | 452,000,000 |
| Free cash flow | 26,914,000,000 | 19,414,000,000 | 17,633,000,000 |
| Cash paid for interest | 2,672,000,000 | 3,250,000,000 | 1,503,000,000 |
| Cash paid for income taxes | 2,589,000,000 | 3,155,000,000 | 1,782,000,000 |
| Segments | |||
| Semiconductor solutions | |||
| Net revenue | 36,858,000,000 | 30,096,000,000 | 28,182,000,000 |
| Cost of revenue | 11,740,000,000 | 9,809,000,000 | 8,447,000,000 |
| Research and development | 3,407,000,000 | 3,140,000,000 | 2,896,000,000 |
| Selling general and administrative | 479,000,000 | 388,000,000 | 353,000,000 |
| Operating income | 21,232,000,000 | 16,759,000,000 | 16,486,000,000 |
| Infrastructure software | |||
| Net revenue | 27,029,000,000 | 21,478,000,000 | 7,637,000,000 |
| Cost of revenue | 1,902,000,000 | 2,306,000,000 | 615,000,000 |
| Research and development | 2,550,000,000 | 2,707,000,000 | 844,000,000 |
| Selling general and administrative | 1,812,000,000 | 2,488,000,000 | 539,000,000 |
| Operating income | 20,765,000,000 | 13,977,000,000 | 5,639,000,000 |
| Unallocated expenses | |||
| Amortization of acquisition related intangible assets | 8,062,000,000 | 9,267,000,000 | 3,247,000,000 |
| Stock based compensation | 7,568,000,000 | 5,670,000,000 | 2,171,000,000 |
| Restructuring and other charges | 667,000,000 | 1,787,000,000 | 248,000,000 |
| Acquisition related costs | 216,000,000 | 549,000,000 | 252,000,000 |
| Consolidated operating income | 25,484,000,000 | 13,463,000,000 | 16,207,000,000 |
| Geographic net revenue | |||
| United states | 16,506,000,000 | 12,887,000,000 | 6,975,000,000 |
| China including hong kong | 11,155,000,000 | 10,483,000,000 | 11,533,000,000 |
| Singapore | 10,796,000,000 | 9,559,000,000 | 4,479,000,000 |
| Taiwan | 6,451,000,000 | ||
| Other foreign countries | 18,979,000,000 | 18,645,000,000 | 12,832,000,000 |
| Label | FY2025 | FY2024 | FY2023 |
| Period type | fiscal year | fiscal year | fiscal year |
| Balance sheet note | The 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. | ||
AVGO quarterly income statement, balance sheet and cash flow
| FY2026 Q3 | FY2025 Q3 (prior-year comparative) | |
|---|---|---|
| Label | FY2026 Q3 | FY2025 Q3 (prior-year comparative) |
| Period type | fiscal quarter | fiscal quarter |
| Period start | 2026-05-04 | 2025-05-05 |
| Period end | 2026-08-02 | 2025-08-03 |
| Source accession | 0001730168-26-000080 | 0001730168-26-000080 |
| Source description | Form 10-Q for the fiscal quarter ended August 2, 2026, filed September 10, 2026 (unaudited). The three-month cash flow figures in this period come from the quarterly results announcement furnished on Form 8-K on September 2, 2026 (accession 0001730168-26-000076, Exhibit 99.1), because the 10-Q presents cash flows only for the three fiscal quarters ended August 2, 2026. | Prior-year comparative columns as presented in the Form 10-Q for the fiscal quarter ended August 2, 2026 (unaudited). The three-month cash flow figures come from the quarterly results announcement furnished on Form 8-K on September 2, 2026 (accession 0001730168-26-000076, Exhibit 99.1). |
| Income statement | ||
| Revenue products | 24,279,000,000 | 11,173,000,000 |
| Revenue subscriptions and services | 5,312,000,000 | 4,779,000,000 |
| Total net revenue | 29,591,000,000 | 15,952,000,000 |
| Cost of products sold | 6,983,000,000 | 3,098,000,000 |
| Cost of subscriptions and services | 641,000,000 | 606,000,000 |
| Amortization of acquisition related intangibles in cost of revenue | 1,499,000,000 | 1,519,000,000 |
| Restructuring charges in cost of revenue | 12,000,000 | 26,000,000 |
| Total cost of revenue | 9,135,000,000 | 5,249,000,000 |
| Gross profit | 20,456,000,000 | 10,703,000,000 |
| Research and development | 2,895,000,000 | 3,050,000,000 |
| Selling general and administrative | 996,000,000 | 1,072,000,000 |
| Amortization of acquisition related intangibles in operating expenses | 507,000,000 | 507,000,000 |
| Restructuring and other charges | 103,000,000 | 187,000,000 |
| Total operating expenses | 4,501,000,000 | 4,816,000,000 |
| Operating income | 15,955,000,000 | 5,887,000,000 |
| Interest expense | -778,000,000 | -807,000,000 |
| Other income net | 98,000,000 | 205,000,000 |
| Income before income taxes | 15,275,000,000 | 5,285,000,000 |
| Provision for income taxes | 2,187,000,000 | 1,145,000,000 |
| Net income | 13,088,000,000 | 4,140,000,000 |
| EPS basic | 2.75 | 0.88 |
| EPS diluted | 2.68 | 0.85 |
| Weighted average shares basic | 4,766,000,000 | 4,714,000,000 |
| Weighted average shares diluted | 4,887,000,000 | 4,860,000,000 |
| Stock based compensation expense | 2,019,000,000 | 2,322,000,000 |
| Dividends declared per share | 0.65 | 0.59 |
| Dividends to common stockholders | 3,103,000,000 | 2,786,000,000 |
| Gross margin % | 69.1% | 67.1% |
| Operating margin % | 53.9% | 36.9% |
| Net margin % | 44.2% | 26% |
| Balance sheet | ||
| Cash and cash equivalents | 23,975,000,000 | |
| Trade accounts receivable net | 13,707,000,000 | |
| Inventory | 4,523,000,000 | |
| Other current assets | 9,968,000,000 | |
| Total current assets | 52,173,000,000 | |
| Property plant and equipment net | 3,144,000,000 | |
| Goodwill | 97,801,000,000 | |
| Intangible assets net | 26,325,000,000 | |
| Other long term assets | 8,705,000,000 | |
| Total assets | 188,148,000,000 | |
| Accounts payable | 4,000,000,000 | |
| Employee compensation and benefits | 1,506,000,000 | |
| Short term debt | 2,252,000,000 | |
| Other current liabilities | 13,080,000,000 | |
| Total current liabilities | 20,838,000,000 | |
| Long term debt | 57,167,000,000 | |
| Other long term liabilities | 10,453,000,000 | |
| Total liabilities | 88,458,000,000 | |
| Common stock par value | 5,000,000 | |
| Additional paid in capital | 77,330,000,000 | |
| Retained earnings | 22,151,000,000 | |
| Accumulated other comprehensive income | 204,000,000 | |
| Total stockholders equity | 99,690,000,000 | |
| Total liabilities and equity | 188,148,000,000 | |
| Shares issued and outstanding | 4,774,000,000 | |
| Total debt principal outstanding | 61,079,000,000 | |
| Total debt carrying value | 59,419,000,000 | |
| Shares outstanding on cover page | 4,773,629,865 | |
| Net debt | 35,444,000,000 | |
| Shares outstanding cover date | 2026-08-28 | |
| Cash flow | ||
| Net income | 13,088,000,000 | 4,140,000,000 |
| Amortization of intangible and right of use assets | 2,042,000,000 | 2,060,000,000 |
| Depreciation | 171,000,000 | 142,000,000 |
| Stock based compensation | 2,019,000,000 | 2,322,000,000 |
| Deferred taxes and other non cash taxes | 7,000,000 | 284,000,000 |
| Loss on debt extinguishment | 75,000,000 | 53,000,000 |
| Non cash interest expense | 65,000,000 | 82,000,000 |
| Net cash provided by operating activities | 14,197,000,000 | 7,166,000,000 |
| Proceeds from sales of businesses | 0 | 300,000,000 |
| Purchases of property plant and equipment | -532,000,000 | -142,000,000 |
| Purchases of investments | -619,000,000 | -99,000,000 |
| Sales of investments | 37,000,000 | 51,000,000 |
| Net cash used in investing activities | -1,113,000,000 | 94,000,000 |
| Proceeds from long term borrowings | 0 | 6,960,000,000 |
| Payments on debt obligations | -5,628,000,000 | -6,750,000,000 |
| Proceeds from repayments of commercial paper net | 0 | -3,373,000,000 |
| Payments of dividends | -3,103,000,000 | -2,786,000,000 |
| Repurchases of common stock repurchase program | 0 | 0 |
| Shares repurchased for tax withholdings on vesting of equity awards | 0 | -58,000,000 |
| Issuance of common stock | 0 | 0 |
| Net cash used in financing activities | -8,737,000,000 | -6,014,000,000 |
| Net change in cash and cash equivalents | 4,347,000,000 | 1,246,000,000 |
| Cash and cash equivalents end of period | 23,975,000,000 | 10,718,000,000 |
| Cash paid for interest | 674,000,000 | 602,000,000 |
| Cash paid for income taxes | 347,000,000 | 822,000,000 |
| Free cash flow | 13,665,000,000 | 7,024,000,000 |
| Capital expenditures | 532,000,000 | 142,000,000 |
| Segments | ||
| Semiconductor solutions | ||
| Net revenue | 20,839,000,000 | 9,166,000,000 |
| Cost of revenue | 6,892,000,000 | 2,988,000,000 |
| Research and development | 1,006,000,000 | 850,000,000 |
| Selling general and administrative | 171,000,000 | 111,000,000 |
| Operating income | 12,770,000,000 | 5,217,000,000 |
| Infrastructure software | ||
| Net revenue | 8,752,000,000 | 6,786,000,000 |
| Cost of revenue | 508,000,000 | 465,000,000 |
| Research and development | 545,000,000 | 627,000,000 |
| Selling general and administrative | 374,000,000 | 456,000,000 |
| Operating income | 7,325,000,000 | 5,238,000,000 |
| Unallocated expenses | ||
| Stock based compensation | 2,019,000,000 | 2,322,000,000 |
| Amortization of acquisition related intangible assets | 2,006,000,000 | 2,026,000,000 |
| Restructuring and other charges | 115,000,000 | 213,000,000 |
| Acquisition related costs | 0 | 7,000,000 |
| Consolidated operating income | 15,955,000,000 | 5,887,000,000 |
| Net revenue by region | ||
| Americas | 5,513,000,000 | 4,724,000,000 |
| Asia pacific | 20,944,000,000 | 8,960,000,000 |
| Europe middle east and africa | 3,134,000,000 | 2,268,000,000 |
| Balance sheet note | No balance sheet is presented as of August 3, 2025. The Form 10-Q for the quarter ended August 2, 2026 shows balance sheet data only as of August 2, 2026 and November 2, 2025. The statement of stockholders' equity in that filing does show total stockholders' equity of $73,277 million and 4,722 million shares issued and outstanding as of August 3, 2025, and the cash flow statement shows cash and cash equivalents of $10,718 million on that date. | |
AVGO year-to-date income statement and cash flow
| FY2026 first three fiscal quarters | |
|---|---|
| Label | FY2026 first three fiscal quarters |
| Period type | nine months (three fiscal quarters) |
| Period start | 2025-11-03 |
| Period end | 2026-08-02 |
| Source accession | 0001730168-26-000080 |
| Source description | Cumulative three fiscal quarters ended August 2, 2026, as presented in the Form 10-Q filed September 10, 2026 (unaudited). |
| Income statement | |
| Revenue products | 55,301,000,000 |
| Revenue subscriptions and services | 15,788,000,000 |
| Total net revenue | 71,089,000,000 |
| Cost of products sold | 15,689,000,000 |
| Cost of subscriptions and services | 1,915,000,000 |
| Amortization of acquisition related intangibles in cost of revenue | 4,422,000,000 |
| Restructuring charges in cost of revenue | 35,000,000 |
| Total cost of revenue | 22,061,000,000 |
| Gross profit | 49,028,000,000 |
| Research and development | 8,855,000,000 |
| Selling general and administrative | 3,070,000,000 |
| Amortization of acquisition related intangibles in operating expenses | 1,520,000,000 |
| Restructuring and other charges | 277,000,000 |
| Total operating expenses | 13,722,000,000 |
| Operating income | 35,306,000,000 |
| Interest expense | -2,355,000,000 |
| Other income net | 649,000,000 |
| Income before income taxes | 33,600,000,000 |
| Provision for income taxes | 3,853,000,000 |
| Net income | 29,747,000,000 |
| Gross margin % | 69.0% |
| Operating margin % | 49.7% |
| Net margin % | 41.8% |
| EPS basic | 6.26 |
| EPS diluted | 6.09 |
| Weighted average shares basic | 4,752,000,000 |
| Weighted average shares diluted | 4,884,000,000 |
| Dividends declared per share | 1.95 |
| Dividends to common stockholders | 9,281,000,000 |
| Stock based compensation expense | 6,287,000,000 |
| Cash flow | |
| Net income | 29,747,000,000 |
| Amortization of intangible and right of use assets | 6,047,000,000 |
| Depreciation | 484,000,000 |
| Stock based compensation | 6,287,000,000 |
| Deferred taxes and other non cash taxes | -1,051,000,000 |
| Loss on debt extinguishment | 161,000,000 |
| Non cash interest expense | 204,000,000 |
| Net cash provided by operating activities | 32,950,000,000 |
| Proceeds from sales of businesses | 0 |
| Purchases of property plant and equipment | -1,013,000,000 |
| Purchases of investments | -756,000,000 |
| Sales of investments | 320,000,000 |
| Net cash used in investing activities | -1,436,000,000 |
| Proceeds from long term borrowings | 4,474,000,000 |
| Payments on debt obligations | -10,528,000,000 |
| Proceeds from repayments of commercial paper net | 0 |
| Payments of dividends | -9,281,000,000 |
| Repurchases of common stock repurchase program | -8,450,000,000 |
| Shares repurchased for tax withholdings on vesting of equity awards | 0 |
| Issuance of common stock | 113,000,000 |
| Net cash used in financing activities | -23,717,000,000 |
| Net change in cash and cash equivalents | 7,797,000,000 |
| Cash and cash equivalents end of period | 23,975,000,000 |
| Capital expenditures | 1,013,000,000 |
| Free cash flow | 31,937,000,000 |
| Segments | |
| Semiconductor solutions | |
| Net revenue | 48,363,000,000 |
| Cost of revenue | 15,414,000,000 |
| Research and development | 2,946,000,000 |
| Selling general and administrative | 449,000,000 |
| Operating income | 29,554,000,000 |
| Infrastructure software | |
| Net revenue | 22,726,000,000 |
| Cost of revenue | 1,507,000,000 |
| Research and development | 1,723,000,000 |
| Selling general and administrative | 1,201,000,000 |
| Operating income | 18,295,000,000 |
| Unallocated expenses | |
| Stock based compensation | 6,287,000,000 |
| Amortization of acquisition related intangible assets | 5,942,000,000 |
| Restructuring and other charges | 312,000,000 |
| Acquisition related costs | 2,000,000 |
| Consolidated operating income | 35,306,000,000 |
| Net revenue by region | |
| Americas | 15,796,000,000 |
| Asia pacific | 47,094,000,000 |
| Europe middle east and africa | 8,199,000,000 |
AVGO trailing twelve month income statement and cash flow
| Trailing twelve months ended August 2, 2026 | |
|---|---|
| Label | Trailing twelve months ended August 2, 2026 |
| Period type | trailing twelve months |
| Period start | 2025-08-04 |
| Period end | 2026-08-02 |
| Source accession | 0001730168-26-000080 |
| Source description | Derived, not published by the company: fiscal year 2025 as reported in the Form 10-K (accession 0001730168-25-000121) plus the three fiscal quarters ended August 2, 2026 less the three fiscal quarters ended August 3, 2025, both as reported in the Form 10-Q for the fiscal quarter ended August 2, 2026 (accession 0001730168-26-000080). |
| Derivation | fiscal year 2025 + three fiscal quarters ended August 2, 2026 - three fiscal quarters ended August 3, 2025 |
| Income statement | |
| Revenue products | 68,523,000,000 |
| Revenue subscriptions and services | 20,581,000,000 |
| Total net revenue | 89,104,000,000 |
| Cost of products sold | 19,289,000,000 |
| Cost of subscriptions and services | 2,528,000,000 |
| Amortization of acquisition related intangibles in cost of revenue | 5,967,000,000 |
| Restructuring charges in cost of revenue | 43,000,000 |
| Total cost of revenue | 27,827,000,000 |
| Gross profit | 61,277,000,000 |
| Gross margin % | 68.8% |
| Research and development | 11,836,000,000 |
| Selling general and administrative | 4,177,000,000 |
| Amortization of acquisition related intangibles in operating expenses | 2,027,000,000 |
| Restructuring and other charges | 423,000,000 |
| Total operating expenses | 18,463,000,000 |
| Operating income | 42,814,000,000 |
| Operating margin % | 48.0% |
| Interest expense | -3,116,000,000 |
| Other income net | 771,000,000 |
| Income before income taxes | 40,469,000,000 |
| Provision for income taxes | 2,204,000,000 |
| Net income | 38,265,000,000 |
| Net margin % | 42.9% |
| Stock based compensation expense | 8,482,000,000 |
| Cash flow | |
| Net income | 38,265,000,000 |
| Net cash provided by operating activities | 40,653,000,000 |
| Purchases of property plant and equipment | -1,250,000,000 |
| Payments of dividends | -12,078,000,000 |
| Capital expenditures | 1,250,000,000 |
| Free cash flow | 39,403,000,000 |
| Segments | |
| Semiconductor solutions | |
| Net revenue | 59,435,000,000 |
| Cost of revenue | 18,919,000,000 |
| Research and development | 3,865,000,000 |
| Selling general and administrative | 594,000,000 |
| Operating income | 36,057,000,000 |
| Infrastructure software | |
| Net revenue | 29,669,000,000 |
| Cost of revenue | 1,978,000,000 |
| Research and development | 2,329,000,000 |
| Selling general and administrative | 1,649,000,000 |
| Operating income | 23,713,000,000 |
| Unallocated expenses | |
| Stock based compensation | 8,482,000,000 |
| Amortization of acquisition related intangible assets | 7,994,000,000 |
| Restructuring and other charges | 466,000,000 |
| Acquisition related costs | 14,000,000 |
| Consolidated operating income | 42,814,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| Splits note | Broadcom's common stock split 10-for-1 effective July 15, 2024. Every period in this file is presented on the post-split basis the company itself uses in both filings, so no per-share amount here has been re-adjusted. |
| ADR ratio | n/a |
| ADR note | Broadcom is a U.S. domestic filer, not an ADR; no per-ADS conversion applies. |
| FX | None. Broadcom reports in U.S. dollars, so no currency translation was applied. |
Notes
- Every figure in this file comes from the face of one of three filings: the fiscal 2025 Form 10-K (accession 0001730168-25-000121, fiscal year ended November 2, 2025, filed December 18, 2025); the Form 10-Q for the fiscal quarter ended August 2, 2026 (accession 0001730168-26-000080, filed September 10, 2026); and the third quarter fiscal 2026 results announcement furnished on Form 8-K on September 2, 2026 (accession 0001730168-26-000076, Exhibit 99.1). Amounts printed in millions in those filings are restated here in actual dollars.
- This file holds exactly the periods those filings put on their face: fiscal years 2025, 2024 and 2023 from the 10-K; the fiscal quarters ended August 2, 2026 and August 3, 2025 and the two cumulative three-quarter periods from the 10-Q. Broadcom's earlier quarters are published in their own earlier records and are not repeated here.
- Broadcom operates on a 52- or 53-week fiscal year ending on the Sunday closest to October 31. Fiscal 2026 (ending November 1, 2026) and fiscal 2025 (ended November 2, 2025) are both 52-week years; fiscal 2024 was a 53-week year ended November 3, 2024; fiscal 2023 was a 52-week year ended October 29, 2023. The extra week in fiscal 2024 flatters comparisons against fiscal 2023 slightly.
- Cash flow sourcing. The third-quarter 10-Q presents the condensed statements of cash flows only for the cumulative three fiscal quarters ended August 2, 2026 and August 3, 2025; it prints no three-month cash flow column. The three-month cash flow figures shown for the quarters ended August 2, 2026 and August 3, 2025 are therefore taken from the three-month columns of the condensed statements of cash flows attached to the September 2, 2026 results announcement (accession 0001730168-26-000076, Exhibit 99.1). The cumulative cash flow figures come from the 10-Q itself. Free cash flow on both bases -- $13,665 million for the quarter and $31,937 million for the three quarters -- agrees with the amounts the company presents in that announcement.
- Free cash flow is net cash provided by operating activities less purchases of property, plant and equipment. It is a derived measure; the underlying two lines are taken directly from the cash flow statements.
- Revenue reclassification. In the third-quarter 10-Q, Broadcom reports upfront software license revenue within products revenue and has reclassified prior-year interim amounts to match: $1,916 million for the quarter ended August 3, 2025 and $5,691 million for the three quarters then ended were moved from subscriptions and services revenue to products revenue. The prior-year quarterly and cumulative splits shown here are on that reclassified basis, so they differ from the split originally reported for those periods. Total net revenue is unaffected. The fiscal 2025 10-K made the equivalent reclassification for fiscal 2024 and fiscal 2023 ($4,601 million and $1,058 million respectively), so the annual splits here are on the same basis.
- Third-quarter growth is concentrated in semiconductors. Semiconductor solutions net revenue rose to $20,839 million in the quarter ended August 2, 2026 from $9,166 million a year earlier, while infrastructure software rose to $8,752 million from $6,786 million. Consolidated net revenue of $29,591 million was 85.5% above the year-ago quarter, and operating income of $15,955 million was 2.7 times the year-ago figure.
- Total debt is reported two ways because the filings do. The carrying value (short-term plus long-term debt on the balance sheet, net of unamortized discount and issuance costs) was $59,419 million at August 2, 2026 and $65,136 million at November 2, 2025. The principal amount outstanding, before that discount, was $61,079 million and $67,120 million on those dates. During the quarter ended August 2, 2026 the company repurchased $5,641 million of its senior notes through cash tender offers and redemptions.
- Dividends were $0.65 per share for the quarter ended August 2, 2026 ($3,103 million paid) and $1.95 per share for the three quarters then ended ($9,281 million), against $0.59 and $1.77 per share in the comparable fiscal 2025 periods. On September 1, 2026, after the quarter closed, the board declared a further quarterly dividend of $0.65 per share payable September 30, 2026.
- Retained earnings rebuilt from $9,761 million at November 2, 2025 to $22,151 million at August 2, 2026, and total stockholders' equity from $81,292 million to $99,690 million, as nine months of net income outran dividends and buybacks. The company repurchased and retired 25 million shares for $8,450 million during the three quarters ended August 2, 2026.
- Segment figures are Broadcom's own two reportable segments. Stock-based compensation, amortization of acquisition-related intangible assets, restructuring and other charges, and acquisition-related costs are not allocated to the segments, so segment operating income sums to more than consolidated operating income; the unallocated expenses that bridge the two are listed for each period. The company does not disclose assets by segment.
- Trailing-twelve-month figures are an arithmetic combination the company does not itself publish: fiscal 2025 plus the three quarters ended August 2, 2026 less the three quarters ended August 3, 2025. They are exact for additive measures such as revenue, operating income, net income and cash flow. No per-share amount is shown on that basis, because weighted-average share counts are not additive.
- The annual income tax line is named for what the 10-K prints, 'provision for (benefit from) income taxes', because fiscal 2025 was a net benefit of $397 million rather than an expense -- which is why fiscal 2025 net income of $23,126 million exceeds pre-tax income of $22,729 million. The interim statements print 'provision for income taxes', and the quarterly and cumulative periods here use that name.
- Fiscal 2024 results were shaped by the VMware acquisition, completed November 22, 2023, the first day of fiscal 2024. That transaction is why infrastructure software revenue jumped from $7,637 million in fiscal 2023 to $21,478 million in fiscal 2024, and it drove the fiscal 2024 increases in acquisition-related intangible amortization, interest expense and restructuring charges that compressed fiscal 2024 operating and net income. Fiscal 2024 also included a $273 million loss from discontinued operations, net of income taxes; fiscal 2025 and fiscal 2023 had none.
- Customer concentration is significant: one customer accounted for 32% of net revenue in fiscal 2025, 28% in fiscal 2024 and 21% in fiscal 2023, and that customer represented 44% of net accounts receivable at November 2, 2025.
- Committed but unrecognized revenue is now very large. Remaining performance obligations under certain multi-year semiconductor and infrastructure software contracts, including contracts where customers have no termination rights, were approximately $179.2 billion as of August 2, 2026, of which the company expects roughly 25% to be recognized over the following twelve months. These include obligations under a long-term custom AI accelerator contract entered into in the quarter ended May 3, 2026.
- Against that committed revenue stands a large commitment and guarantee position, none of it on the balance sheet. Contractual commitments as of August 2, 2026 were $126,821 million of unconditional purchase commitments, primarily for inventory, plus $3,941 million of other contractual commitments relating to IT and other service agreements. The purchase commitments step up steeply in the next two fiscal years: $52,674 million falls due in fiscal 2027 and $72,952 million in fiscal 2028, against $1,110 million in the remainder of fiscal 2026 and $85 million in fiscal 2029, with none thereafter. Separately, during the quarter ended August 2, 2026 Broadcom arranged for a financial partner to take on certain agreements to purchase AI racks based on Broadcom-designed custom AI accelerators, together with the related lease agreements with a customer, and entered into a backstop agreement with that partner covering the customer's lease obligations over the five-year lease terms (the "Backstop"). On deployment of all AI racks, the maximum potential liability under the Backstop on an undiscounted basis was approximately $29 billion; the fair value of the Backstop was not material and no amounts have been paid under it. In connection with the same lease agreements, the customer may under certain circumstances issue to Broadcom convertible promissory notes up to an aggregate principal amount of $42 billion, to be used solely for the customer's obligations under those leases; no such notes had been issued as of August 2, 2026. The quarterly report describes these arrangements as part of what it calls the AI XPV platform and does not identify the financial partner or the customer.
- Balance sheet dates. The only balance sheet dates presented across the two periodic filings used are August 2, 2026, November 2, 2025 and November 3, 2024, so those are the only balance sheets reported here. No fiscal 2023 balance sheet and no August 3, 2025 balance sheet appear on the face of either filing.
- Broadcom's common stock split 10-for-1 effective July 15, 2024. Both filings present every per-share amount on the post-split basis, including fiscal 2023, so no per-share figure in this file has been restated for the split.
Uncertainties
- The three-month cash flow figures for the quarters ended August 2, 2026 and August 3, 2025 are not in the 10-Q, which shows cash flows only on a cumulative three-quarter basis. They are taken from the condensed statements of cash flows attached to the September 2, 2026 results announcement (accession 0001730168-26-000076), which is furnished rather than filed and is not audited or reviewed in the way a periodic report is. Every line taken from it that also appears in the 10-Q's cumulative columns agrees exactly.
- The individual first, second and fourth quarters of fiscal 2026 and fiscal 2025 are not presented as columns in this 10-Q, which shows only the quarter and the cumulative three-quarter period. Standalone figures for those quarters are therefore not reported here.
- No balance sheet is presented as of August 3, 2025, so the prior-year comparative quarter carries income statement, cash flow and segment data only.
- Trailing-twelve-month figures are arithmetic combinations of reported periods rather than amounts the company publishes. They are exact for additive flow measures and should not be applied to per-share metrics.
- The products versus subscriptions and services revenue split for the prior-year quarter and prior-year cumulative period reflects the reclassification of upfront license revenue made in this 10-Q, and so differs from the split originally reported for those periods. Total net revenue is unchanged.
- Fiscal 2024 covers 53 weeks while fiscal 2025 and fiscal 2023 cover 52 weeks. No attempt has been made to normalize for the extra week.
- Net debt is shown as total debt carrying value less cash and cash equivalents. It is a derived measure and excludes the short-term and long-term investments the company holds outside cash equivalents.
Prior year to date
| FY2025 first three fiscal quarters | |
|---|---|
| Label | FY2025 first three fiscal quarters |
| Period type | nine months (three fiscal quarters) |
| Period start | 2024-11-04 |
| Period end | 2025-08-03 |
| Source accession | 0001730168-26-000080 |
| Source description | Prior-year cumulative three fiscal quarters ended August 3, 2025, as presented in the Form 10-Q for the fiscal quarter ended August 2, 2026 (unaudited). |
| Income statement | |
| Revenue products | 31,625,000,000 |
| Revenue subscriptions and services | 14,247,000,000 |
| Total net revenue | 45,872,000,000 |
| Cost of products sold | 8,515,000,000 |
| Cost of subscriptions and services | 1,758,000,000 |
| Amortization of acquisition related intangibles in cost of revenue | 4,486,000,000 |
| Restructuring charges in cost of revenue | 68,000,000 |
| Total cost of revenue | 14,827,000,000 |
| Gross profit | 31,045,000,000 |
| Research and development | 7,996,000,000 |
| Selling general and administrative | 3,104,000,000 |
| Amortization of acquisition related intangibles in operating expenses | 1,524,000,000 |
| Restructuring and other charges | 445,000,000 |
| Total operating expenses | 13,069,000,000 |
| Operating income | 17,976,000,000 |
| Interest expense | -2,449,000,000 |
| Other income net | 333,000,000 |
| Income before income taxes | 15,860,000,000 |
| Provision for income taxes | 1,252,000,000 |
| Net income | 14,608,000,000 |
| Gross margin % | 67.7% |
| Operating margin % | 39.2% |
| Net margin % | 31.8% |
| EPS basic | 3.1 |
| EPS diluted | 3.02 |
| Weighted average shares basic | 4,705,000,000 |
| Weighted average shares diluted | 4,841,000,000 |
| Dividends declared per share | 1.77 |
| Dividends to common stockholders | 8,345,000,000 |
| Stock based compensation expense | 5,373,000,000 |
| Cash flow | |
| Net income | 14,608,000,000 |
| Amortization of intangible and right of use assets | 6,116,000,000 |
| Depreciation | 426,000,000 |
| Stock based compensation | 5,373,000,000 |
| Deferred taxes and other non cash taxes | -983,000,000 |
| Loss on debt extinguishment | 118,000,000 |
| Non cash interest expense | 273,000,000 |
| Net cash provided by operating activities | 19,834,000,000 |
| Proceeds from sales of businesses | 300,000,000 |
| Purchases of property plant and equipment | -386,000,000 |
| Purchases of investments | -261,000,000 |
| Sales of investments | 147,000,000 |
| Net cash used in investing activities | -213,000,000 |
| Proceeds from long term borrowings | 10,695,000,000 |
| Payments on debt obligations | -14,840,000,000 |
| Proceeds from repayments of commercial paper net | 488,000,000 |
| Payments of dividends | -8,345,000,000 |
| Repurchases of common stock repurchase program | -2,450,000,000 |
| Shares repurchased for tax withholdings on vesting of equity awards | -3,860,000,000 |
| Issuance of common stock | 118,000,000 |
| Net cash used in financing activities | -18,251,000,000 |
| Net change in cash and cash equivalents | 1,370,000,000 |
| Cash and cash equivalents end of period | 10,718,000,000 |
| Capital expenditures | 386,000,000 |
| Free cash flow | 19,448,000,000 |
| Segments | |
| Semiconductor solutions | |
| Net revenue | 25,786,000,000 |
| Cost of revenue | 8,235,000,000 |
| Research and development | 2,488,000,000 |
| Selling general and administrative | 334,000,000 |
| Operating income | 14,729,000,000 |
| Infrastructure software | |
| Net revenue | 20,086,000,000 |
| Cost of revenue | 1,431,000,000 |
| Research and development | 1,944,000,000 |
| Selling general and administrative | 1,364,000,000 |
| Operating income | 15,347,000,000 |
| Unallocated expenses | |
| Stock based compensation | 5,373,000,000 |
| Amortization of acquisition related intangible assets | 6,010,000,000 |
| Restructuring and other charges | 513,000,000 |
| Acquisition related costs | 204,000,000 |
| Consolidated operating income | 17,976,000,000 |
| Net revenue by region | |
| Americas | 14,062,000,000 |
| Asia pacific | 25,092,000,000 |
| Europe middle east and africa | 6,718,000,000 |
Company details
| Value | |
|---|---|
| Name | Broadcom Inc. |
| Ticker | AVGO |
| CIK | 0001730168 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | |
| SIC | 3674 |
| Office | Manufacturing |
| Industry | Semiconductors & Related Devices |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q3 |
| Tag | FY26Q3 |
| Period end | 2026-08-02 |
| Form | 10-Q |
| Accession | 0001730168-26-000080 |
| Fiscal year end | 1101 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-11-02 | 2025-12-18 | 0001730168-25-000121 | https://www.sec.gov/Archives/edgar/data/1730168/000173016825000121/0001730168-25-000121-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q3 | FY26Q3 | 2026-08-02 | 2026-09-10 | 0001730168-26-000080 | https://www.sec.gov/Archives/edgar/data/1730168/000173016826000080/0001730168-26-000080-index.htm | facts |
FAQ · Broadcom financial statements
How much revenue did Broadcom report in Q3 FY2026?
Broadcom Inc. reported $29.59 billion in net revenue for Q3 FY2026, the quarter ended August 2, 2026. That is up 85.5% from $15.95 billion in the same quarter a year earlier.
What was Broadcom's net income in Q3 FY2026?
Broadcom Inc. reported net income of $13.09 billion for Q3 FY2026, the quarter ended August 2, 2026, up 216.1% from $4.14 billion a year earlier. Revenue over the same quarter was $29.59 billion, up 85.5%.
What was Broadcom's earnings per share in Q3 FY2026?
Broadcom Inc. reported diluted earnings per share of $2.68 for Q3 FY2026, the quarter ended August 2, 2026, against $0.85 in the same quarter a year earlier.
How much of Broadcom's revenue comes from its semiconductor business?
Broadcom Inc.'s semiconductor solutions segment produced $20.84 billion of the company's $29.59 billion in net revenue in Q3 FY2026, up 127.4% from a year earlier. The infrastructure software segment contributed $8.75 billion, up 29.0%.
Where can I get Broadcom Inc. (AVGO) financial data in machine-readable form?
Ticker Scout publishes Broadcom Inc.'s financial statements as JSON at https://tickerscout.ai/avgo/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/avgo/narrative.md and https://tickerscout.ai/avgo/events.md. Broadcom Inc.'s SEC CIK is 0001730168. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Broadcom Inc. (AVGO) next file with the SEC?
Broadcom Inc. (AVGO) is expected to file its next Form 10-K with the SEC on or around December 17, 2026. That date is a projection rather than a company-announced date: it is derived from Broadcom Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q3 FY2026, the period ended 2026-08-02, SEC accession 0001730168-26-000080.
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How this page was built
This page was built from three of Broadcom Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names seven such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Broadcom Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.