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Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. The company operates in two segments: Semiconductor Solutions and Infrastructure Software. The company offers networking connectivity, such as custom silicon solutions, ethernet switching & routing, ethernet NIC controllers, physical layer devices, and fiber optic components; wireless device connectivity, including RF semiconductor devices, connectivity solutions, custom touch controllers, and inductive charging ASICS; servers and storage system solutions, such as PCIE switches, SAS & raid products, fibre channel products, and HDD & SSD solutions; broadband solutions, includes set-top box, and broadband access; and industrial. The company also offers a private cloud software portfolio, including the VMware Cloud Foundation, Edge, vSphere foundation, telco cloud platform, private AI, live recovery, application networking and security, application development and data services; mainframe software, such as AIOPS & automation, database & data management, DEVX & DEVOPS, cybersecurity & compliance management, beyond code programs, foundational & open mainframe solutions; cybersecurity, such as endpoint, network, information, application security, and identity & access management; enterprise software; and fc san management. Its products are used in various applications in enterprise and data center networking, including artificial intelligence networking and connectivity, home connectivity, set-top boxes, broadband access, telecommunication equipment, wireless device and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. was founded in 1961 and is headquartered in Palo Alto, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $63.9B | $34.7B | $23.1B | $26.9B | 28.4% | 23.9% | 292.3% |
| 2024 | $51.6B | $23.9B | $5.9B | $19.4B | 8.7% | 44.0% | -58.1% |
| 2023 | $35.8B | $20.6B | $14.1B | $17.6B | 58.7% | 7.9% | 22.5% |
| 2022 | $33.2B | $19.2B | $11.5B | $16.3B | 50.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 33,203 | 35,819 | 51,574 | 63,887 |
| Operating Revenue | - | 33,203 | 35,819 | 51,574 | 63,887 |
| Cost Of Revenue | - | 11,108 | 11,129 | 19,065 | 20,593 |
| Gross Profit | - | 22,095 | 24,690 | 32,509 | 43,294 |
| Operating Expense | - | 7,813 | 8,239 | 17,513 | 17,219 |
| Research And Development | - | 4,919 | 5,253 | 9,310 | 10,977 |
| Selling General And Administration | - | 1,382 | 1,592 | 4,959 | 4,211 |
| Total Expenses | - | 18,921 | 19,368 | 36,578 | 37,812 |
| Operating Income | - | 14,282 | 16,451 | 14,996 | 26,075 |
| Total Operating Income As Reported | - | 14,225 | 16,207 | 13,463 | 25,484 |
| EBITDA | - | 19,155 | 20,554 | 23,879 | 34,714 |
| Normalized EBITDA | - | 19,381 | 20,787 | 25,424 | 35,322 |
| EBIT | - | 14,171 | 16,719 | 13,869 | 25,939 |
| Interest Income | - | 100 | 535 | 461 | 347 |
| Interest Expense | - | 1,737 | 1,622 | 3,953 | 3,210 |
| Net Interest Income | - | -1,637 | -1,087 | -3,492 | -2,863 |
| Other Non Operating Income Expenses | - | 15 | -34 | -43 | 125 |
| Other Income Expense | - | -211 | -267 | -1,588 | -483 |
| Interest Income Non Operating | - | 100 | 535 | 461 | 347 |
| Interest Expense Non Operating | - | 1,737 | 1,622 | 3,953 | 3,210 |
| Net Non Operating Interest Income Expense | - | -1,637 | -1,087 | -3,492 | -2,863 |
| Pretax Income | - | 12,434 | 15,097 | 9,916 | 22,729 |
| Tax Provision | - | 939 | 1,015 | 3,748 | -397 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -16.95 | -15.61 | -584.01 | -127.68 |
| Net Income Continuous Operations | - | 11,495 | 14,082 | 6,168 | 23,126 |
| Net Income From Continuing And Discontinued Operation | - | 11,495 | 14,082 | 5,895 | 23,126 |
| Net Income From Continuing Operation Net Minority Interest | - | 11,495 | 14,082 | 6,168 | 23,126 |
| Net Income | - | 11,495 | 14,082 | 5,895 | 23,126 |
| Net Income Common Stockholders | - | 11,223 | 14,082 | 5,895 | 23,126 |
| Net Income Including Noncontrolling Interests | - | 11,495 | 14,082 | 5,895 | 23,126 |
| Normalized Income | - | 11,704.05 | 14,299.39 | 7,128.99 | 23,606.32 |
| Diluted NI Availto Com Stockholders | - | 11,223 | 14,082 | 5,895 | 23,126 |
| Basic Average Shares | - | 4,090 | 4,150 | 4,624 | 4,712 |
| Diluted Average Shares | - | 4,230 | 4,270 | 4,778 | 4,853 |
| Reconciled Depreciation | - | 4,984 | 3,835 | 10,010 | 8,775 |
| Reconciled Cost Of Revenue | - | 7,636 | 8,688 | 12,299 | 13,849 |
| Total Unusual Items | - | -226 | -233 | -1,545 | -608 |
| Total Unusual Items Excluding Goodwill | - | -226 | -233 | -1,545 | -608 |
| Preferred Stock Dividends | 299 | 272 | - | - | - |
| Net Income Discontinuous Operations | - | 0 | 0 | -273 | 0 |
| Special Income Charges | - | -57 | -244 | -1,533 | -591 |
| Restructuring And Mergern Acquisition | - | 57 | 244 | 1,533 | 591 |
| Gain On Sale Of Security | - | -169 | 11 | -12 | -17 |
| Depreciation Amortization Depletion Income Statement | - | 1,512 | 1,394 | 3,244 | 2,031 |
| Depreciation And Amortization In Income Statement | - | 1,512 | 1,394 | 3,244 | 2,031 |
| Amortization | - | 1,512 | 1,394 | 3,244 | 2,031 |
| Amortization Of Intangibles Income Statement | - | 1,512 | 1,394 | 3,244 | 2,031 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Broadcom Inc.this co. | AVGO | $2.0T | 85.76↑ premium | 24.40 | 28.4% | 58.55 |
| Microsoft Corporation | MSFT | $3.2T | 31.23 | 9.26 | 29.6% | 19.64 |
| Micron Technology, Inc. | MU | $1.1T | 131.54 | 20.74 | 15.8% | 61.08 |
| Advanced Micro Devices, Inc. | AMD | $853.1B | 196.80 | 13.54 | 6.9% | 117.04 |
| Oracle Corporation | ORCL | $679.7B | 54.63 |
| - |
| - |
| - |
| - |
| - |
| 33.24 |
| 60.8% |
| 32.33 |
| ASML Holding N.V. | ASML | $677.4B | 70.49 | 34.54 | 49.0% | 53.29 |
| Intel Corporation | INTC | $561.8B | - | 4.92 | -0.2% | 39.78 |
| Cisco Systems, Inc. | CSCO | $512.4B | 50.33 | 10.94 | 21.7% | 33.82 |
| Lam Research Corporation | LRCX | $420.7B | 78.52 | 42.66 | 54.3% | 64.21 |
| Peer Median | - | 70.49 | 17.14 | 25.7% | 46.54 | |