NASDAQ · Semiconductors · Fiscal year endsFY ends November

Broadcom Inc

AVGO

$326.48-5.65 (-1.70%)Today

52-week low $289.96high $495.00

34.0% below its 52-week high

Next earningsDec 9, 2026 · after the close

Revenue by fiscal year, $ billions

3.1x over the years shown (FY18–FY25)

Fiscal years · gold is the latest

20.8

FY18

22.6

FY19+8%

23.9

FY20+6%

27.4

FY21+15%

33.2

FY22+21%

35.8

FY23+8%

51.6

FY24+44%

63.9

FY25+24%

Eight years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income
Revenue	20.85	22.60	23.89	27.45	33.20	35.82	51.57	63.89
Revenue growth	—	+8%	+6%	+15%	+21%	+8%	+44%	+24%
Gross margin	51.5%	55.2%	56.6%	61.4%	66.5%	68.9%	63.0%	67.8%
Operating income	5.14	3.44	4.01	8.52	14.23	16.21	13.46	25.48
Operating margin	24.6%	15.2%	16.8%	31.0%	42.8%	45.2%	26.1%	39.9%
Net income	12.61	2.72	2.96	6.74	11.50	14.08	5.90	23.13
Net margin	60.5%	12.1%	12.4%	24.5%	34.6%	39.3%	11.4%	36.2%
Cash flow
Operating cash flow	8.88	9.70	12.06	13.76	16.74	18.09	19.96	27.54
Capital expenditure	0.64	0.43	0.46	0.44	0.42	0.45	0.55	0.62
Free cash flow (calculated)	8.25	9.27	11.60	13.32	16.31	17.63	19.41	26.91
Share repurchases	7.26	5.44	0.00	0.00	7.00	5.82	7.18	2.45
Balance sheet
Cash and equivalents	4.29	5.06	7.62	12.16	12.42	14.19	9.35	16.18
Total assets	50.1	67.5	75.9	75.6	73.2	72.9	165.6	171.1
Total equity	26.66	24.94	23.87	24.96	22.71	23.99	67.68	81.29

Source: Broadcom Inc's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in November.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.