Broadcom
Builds AI and connectivity chips alongside private-cloud and infrastructure software.
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Profile
Sells custom AI accelerators, Ethernet networking, wireless, storage and broadband chips alongside VMware private-cloud, mainframe, cybersecurity and enterprise software. Revenue spans two sizable segments, while semiconductor production and sales depend on outside foundries, distributors and a concentrated customer base.
Designs and supplies semiconductor solutions for AI and enterprise data centers, networking, wireless devices, servers, storage, broadband and industrial equipment. Infrastructure Software spans VMware Cloud Foundation private cloud, mainframe tools, Symantec cybersecurity, enterprise software and Fibre Channel storage-area networking.
Combines high-performance chip design and system integration with long-running customer co-development, while maintaining engineering teams across the United States, Asia and Europe. Software revenue comes from licenses, subscriptions, support and professional services sold largely to complex enterprises and governments.
Outsources most wafer fabrication and assembly, with TSMC among its key manufacturing partners, and manufactures and sources most products in Asia. Revenue depends on a relatively small set of customers and distributors.
Company facts
Key statistics
Year to date +6.1% · Average volume (30d) 18.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | BMO Capital | Initiate | Outperform | $675 | $455 | |
| Jul 7, 2026 | Erste Group | Downgrade | Buy | Hold | ||
| Jun 4, 2026 | DA Davidson | Reiterate | Neutral | $335 | $400 | |
| Jun 4, 2026 | Truist Financial | Target | $510 | $550 | ||
| Jun 4, 2026 | Goldman Sachs | Target | $450 | $525 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 3, 2026Q2 FY26 | $2.40 | $2.44 | +1.7% | $22.13B | $22.19B | +0.3% | −12.59% |
| Mar 4, 2026Q1 FY26 | $2.03 | $2.05 | +1.0% | $19.26B | $19.31B | +0.3% | +4.80% |
| Dec 11, 2025Q4 FY25 | $1.87 | $1.95 | +4.3% | $17.47B | $18.02B | +3.1% | −11.43% |
| Sep 4, 2025Q3 FY25 | $1.66 | $1.69 | +1.8% | $15.83B | $15.95B | +0.8% | +9.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $14.92B | $15.00B | $15.95B | $18.02B | $19.31B | $22.19B | |
| Gross profit | $10.15B | $10.20B | $10.70B | $12.25B | $12.66B | $14.92B | |
| Operating income | $6.26B | $5.83B | $5.89B | $7.51B | $8.68B | $10.87B | |
| Net income | $5.50B | $4.97B | $4.14B | $8.52B | $7.35B | $9.31B | |
| Diluted EPS | $1.14 | $1.03 | $0.85 | $1.74 | $1.50 | $1.91 | |
| Gross margin | 68.0% | 68.0% | 67.1% | 68.0% | 65.6% | 67.2% | |
| Operating margin | 42.0% | 38.8% | 36.9% | 41.7% | 45.0% | 49.0% |
Fiscal years (4-quarter sums)FY21 $27.45B · FY22 $33.20B · FY23 $35.82B · FY24 $51.57B · FY25 $63.89B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, May 3, 2026Cash & short-term investments $19.63B · Total debt $64.91B · Total assets $179.16B · Shareholders' equity $87.69B
Dividends
Raised for 14 straight years — most recently to $0.65 from $0.59 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 22, 2026 | Jun 22 | Jun 30 | $0.65 | |
| Mar 23, 2026 | Mar 23 | Mar 31 | $0.65 | |
| Dec 22, 2025 | Dec 22 | Dec 31 | $0.65 | raised from $0.59 |
| Sep 22, 2025 | Sep 22 | Sep 30 | $0.59 | |
| Jun 20, 2025 | Jun 20 | Jun 30 | $0.59 | |
| Mar 20, 2025 | Mar 20 | Mar 31 | $0.59 | |
| Dec 23, 2024 | Dec 23 | Dec 31 | $0.59 | raised from $0.53 |
| Sep 19, 2024 | Sep 19 | Sep 30 | $0.53 | raised from $0.525 split-adjusted |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 4.76B · Float 4.70B · 98.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 398.21M | 8.37% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 309.17M | 6.50% | 13F | Aug 13, 2026 |
| State Street Corp | 196.90M | 4.14% | 13F | Aug 7, 2026 |
| FMR LLC | 144.36M | 3.03% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 127.00M | 2.67% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 10, 2026 | Mark David Brazeal | officer: Chief Legal & Corp Affairs Ofc | −25,000 | $401.33 |
| Jul 8, 2026 | Mark David Brazeal | officer: Chief Legal & Corp Affairs Ofc | −25,000 | $379.19 |
| Jul 8, 2026 | Gayla J. Delly | director | −1,890 | $385.38 |
| Jun 29, 2026 | Justine Page | director | −1,602 | $373.86 |
| Jun 25, 2026 | Mark David Brazeal | officer: Chief Legal & Corp Affairs Ofc | −25,000 | $387.00 |
Peers
- Marvell Technology
Other half of the custom-AI-silicon duopoly and a data-center networking rival.
- Nvidia
Dominant AI-compute force and the rival data-center interconnect ecosystem.
- Cisco Systems
Merchant switch-silicon challenger plus FC SAN and security-software overlap.
- Microsoft
Private-cloud virtualization and enterprise-security alternative to VMware.
- Qualcomm
Head-to-head in smartphone wireless connectivity and RF front-end components.
- AMD
AI accelerator alternative and a co-backer of the rival open interconnect.
- Nutanix
Pure-play VMware replacement in hyperconverged infrastructure and private cloud.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| Marvell Technology | $216.40 | −0.10% | $189.71B | 71.8 | 42.3 | 20.1 | +36.6% |
| Nvidia | $217.88 | +0.15% | $5.27T | 27.5 | 19.6 | 17.4 | +105.9% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| AMD | $466.05 | +0.10% | $759.17B | 119.4 | 41.6 | 18.4 | +50.1% |
| Nutanix | $68.88 | −0.38% | $18.70B | 13.4 | 31.3 | 6.6 | +15.9% |
| Median | 28.6 | 26.2 | 11.5 | +17.8% |