Broadcom Inc.AVGO
NasdaqGS•Technology•Semiconductors
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.
Broadcom Inc. (AVGO) reported trailing twelve months revenue of $68.28B as of January 2026, a 25.2% increase year-over-year. Quarterly revenue reached $19.31B, reflecting continued top-line momentum.
Broadcom Inc. generated $24.97B in TTM net income, with quarterly EBITDA of $10.83B. The operating margin expanded from 42.0% to 45.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (45.0%) and net margin (38.1%) indicates moderate non-operating costs. Net margin has improved from 36.9% a year ago, signaling stronger bottom-line efficiency.
AVGO trades at a P/E of 64.8x (a premium multiple) and a P/S of 23.7x. The price-to-book ratio of 20.3x indicates a significant premium over book value.
The company generated $8.01B in free cash flow over the trailing twelve months, a 33.2% increase year-over-year, indicating cash generation ability. The balance sheet shows $169.90B in total assets with $63.80B in long-term debt against $79.87B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~36.2%, suggesting durable pricing power and cost discipline.
ROE averages 18.7% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~60.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~40.6% — no sign of cost or pricing stress.
FCF covers net income by 0.9x on average — earnings are well-supported by cash generation.
D/E ratio is 0.8 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation