Broadcom Inc.

Listed Company

AVGOCIK 0001730168NasdaqLarge AcceleratedSemiconductors & Related DevicesFY ends Nov 1

Period

FY 2025

Revenue

$63.89B

Net Income

$23.13B

Total Assets

$171.09B

Equity

$81.29B

Shares Out

4.73B

Op. Cash Flow

$27.54B

Business

Broadcom Inc. designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions for enterprise, cloud, networking and industrial customers. It offers high-performance semiconductors (custom accelerators/XPUs, Ethernet switching and NICs, PHYs, optical components, RF front-end modules, Wi‑Fi/Bluetooth chipsets, storage controllers, SoCs and broadband SoC platforms) and comprehensive software portfolios. Its business is organized principally into Semiconductor Solutions and Infrastructure Software, with multiple software portfolios including Private Cloud, Mainframe, Cybersecurity and Enterprise software. The company sells globally through a direct sales force, distributors, OEMs/contract manufacturers, cloud and hyperscale partners and channel resellers.

Summary from filing dated 2025-12-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Total net revenue	63,887	51,574	35,819	33,203	27,450
Cost of products sold	12,115	9,805	8,641	7,629	6,555
Cost of subscriptions and services	2,371	2,983	631	627	607
Amortization of acquisition-related intangible assets	6,031	6,023	1,853	2,847	3,427
Restructuring charges	76	254	4	5	17
Total cost of revenue	20,593	19,065	11,129	11,108	10,606
Gross margin	43,294	32,509	24,690	22,095	16,844
Research and development	10,977	9,310	5,253	4,919	4,854
Selling, general and administrative	4,211	4,959	1,592	1,382	1,347
Amortization of acquisition-related intangible assets	2,031	3,244	1,394	1,512	1,976
Restructuring and other charges	591	1,533	244	57	148
Total operating expenses	17,810	19,046	8,483	7,870	8,325
Operating income	25,484	13,463	16,207	14,225	8,519
Interest expense	−3,210	−3,953	−1,622	—	—
Other income, net	455	406	512	−54	131
Income from continuing operations before income taxes	22,729	9,916	15,097	12,434	6,765
Provision for income taxes	−397	3,748	1,015	939	29
Income from continuing operations	23,126	6,168	14,082	11,495	6,736
Loss from discontinued operations, net of income taxes	0	−273	0	0	0
Net income	23,126	5,895	14,082	11,495	6,736
Net income per share	4.91	1.27	3.39	2.74	15.7
Net income per share	4.77	1.23	3.3	2.65	15
Basic	4,712	4,624	4,149	4,089	410
Diluted	4,853	4,778	4,272	4,232	429

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash and cash equivalents	16,178	9,348	14,189	12,416	12,163
Trade accounts receivable, net	7,145	4,416	3,154	2,958	2,071
Inventory	2,270	1,760	1,898	1,925	1,297
Other current assets	5,980	4,071	1,606	1,205	1,055
Total current assets	31,573	19,595	20,847	18,504	16,586
Property, plant and equipment, net	2,530	2,521	2,154	2,223	2,348
Goodwill	97,801	97,873	43,653	43,614	43,450
Intangible assets, net	32,273	40,583	3,867	7,111	11,374
Other long-term assets	6,915	5,073	2,340	1,797	1,812
Total assets	171,092	165,645	72,861	73,249	75,570
Accounts payable	1,560	1,662	1,210	998	1,086
Employee compensation and benefits	2,129	1,971	935	1,202	1,066
Short-term debt	3,152	1,271	1,608	440	290
Other current liabilities	11,673	11,793	3,652	4,412	3,839
Total current liabilities	18,514	16,697	7,405	7,052	6,281
Long-term debt	61,984	66,295	37,621	39,075	39,440
Other long-term liabilities	9,302	14,975	3,847	4,413	4,860
Total liabilities	89,800	97,967	48,873	50,540	50,581
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.001 par value; 100 shares authorized; none issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value; 29,000 shares authorized; 4,741 and 4,686 shares issued and outstanding as of November 2, 2025 and November 3, 2024, respectively	5	5	4	0	0
Additional paid-in capital	71,308	67,466	21,095	21,159	24,330
Retained earnings	9,761	0	2,682	1,604	748
Accumulated other comprehensive income (loss)	218	207	207	−54	−116
Total stockholders equity	81,292	67,678	23,988	22,709	24,962
Total liabilities and stockholders equity	171,092	165,645	72,861	73,249	75,570

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Amortization of intangible and right-of-use assets	8,201	9,417	3,333	4,455	5,502
Depreciation	574	593	502	529	539
Stock-based compensation	7,568	5,741	2,171	1,533	1,704
Deferred taxes and other non-cash taxes	−4,008	1,965	−501	−34	−809
Loss on debt extinguishment	138	157	0	100	198
Non-cash interest expense	344	427	132	129	96
Other	94	404	9	183	−75
Trade accounts receivable, net	−2,717	2,327	−187	−870	210
Inventory	−510	150	27	−627	−294
Accounts payable	−118	121	209	−79	243
Employee compensation and benefits	300	78	−279	136	186
Other current assets and current liabilities	−1,837	−5,323	−628	222	−177
Other long-term assets and long-term liabilities	−3,618	−1,990	−785	−436	−295
Net cash provided by operating activities	27,537	19,962	18,085	16,736	13,764
Acquisitions of businesses, net of cash acquired	0	−25,978	−53	−246	−8
Proceeds from sales of businesses	300	3,485	0	0	45
Purchases of property, plant and equipment	−623	−548	−452	−424	−443
Purchases of investments	597	175	346	200	0
Sales of investments	248	156	228	200	169
Other	92	−10	−66	3	−8
Net cash used in investing activities	−580	−23,070	−689	−667	−245
Proceeds from long-term borrowings	15,666	39,954	0	1,935	9,904
Payments on debt obligations	−18,478	−19,608	−403	−2,361	−11,495
Payments of dividends	−11,142	−9,814	−7,645	−7,032	−6,212
Repurchases of common stock - repurchase program	−2,450	−7,176	−5,824	−7,000	0
Shares repurchased for tax withholdings on vesting of equity awards	−3,860	−5,216	−1,861	−1,455	−1,299
Issuance of common stock	221	190	122	114	170
Other	−84	−63	−12	−17	−42
Net cash used in financing activities	−20,127	−1,733	−15,623	−15,816	−8,974
Net change in cash and cash equivalents	6,830	−4,841	1,773	253	4,545
Cash paid for interest	2,672	3,250	1,503	1,386	1,565
Cash paid for income taxes	2,589	3,155	1,782	908	775

Filings

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