Broadcom Inc.
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Range $350 – $600
Price Chart
About the company
Broadcom Inc. is a prominent global technology enterprise focused on the innovation, development, and supply of advanced semiconductor solutions and critical infrastructure software. The company's headquarters are situated in San Jose, California, and it maintains a significant team of 19,000 full-time staff.
- CEO
- Hock E. Tan
- IPO
- 2009
- Employees
- 33,000
- HQ
- Palo Alto, CA, US
AI snapshot
Six angles, distilled from the data.
The stock is in a corrective phase after a strong multi-month run, now trading below both the 200-day and 50-day moving averages. It remains well above the 52-week low of $289.96, but the break from the upper range shows momentum has cooled and the setup is rebuilding rather than trending cleanly higher.
Street sentiment stays constructive, with a Buy consensus and a $514.53 average target versus a $343.69 share price. Recent changes were mixed but still upbeat: multiple firms reiterated or initiated Buy/Outperform calls, while UBS trimmed to Hold, leaving the broader target stack still pointed materially above market.
The earnings profile is still strong, but the latest quarter was a sharp miss: EPS came in at $1.26 versus $2.83 expected. That follows a long stretch of beats, so shareholders should watch whether management restores execution and whether the next guide supports the jump to the $19.57 next-year EPS estimate.
Insider activity leans negative, driven by repeated discretionary selling rather than routine noise. The heaviest pattern came from director Henry Samueli and officer Mark Brazeal, while the only non-sale item was a 500-share gift; there were no notable open-market buys to offset the selling.
Profitability remains excellent, with gross margin at 76.3%, operating margin at 48.99%, and net margin at 38.85%. Growth is still strong too, with revenue up 47.9% year over year and earnings up 85.4%, while free cash flow of $28.16 billion supports the business despite heavy debt.
Broadcom still screens as a premium compounder versus semis peers, backed by software and infrastructure exposure plus high margins. The valuation is rich at 42.27x earnings, but the market is paying for scale, cash generation, and the AI networking franchise.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $1.75T
- P/E
- 45.73
- Fwd P/E
- 31.74
- PEG
- 0.46
- P/S
- 19.68
- P/B
- 17.62
- EV/EBITDA
- 34.23
- Div Yield
- 0.69%
- Gross Margin
- 67.66%
- Op Margin
- 48.27%
- Net Margin
- 42.94%
- ROE
- 43.91%
- ROIC
- 23.99%
Latest fiscal year · YoY change
- Revenue
- $63.89B+23.9%
- Gross Profit
- $43.29B+33.2%
- Op Income
- $25.48B
- Net Income
- $23.13B+292.3%
- EPS
- $4.91+286.6%
- OCF Growth
- +37.9%
- FCF Growth
- +38.6%
- 52W High
- $495.00
- 52W Low
- $289.96
- 50D MA
- $383.66
- 200D MA
- $369.83
- Beta
- 1.46
- RSI (14)
- 45
- Avg Volume
- 24.17M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Broadcom reported record Q3 results, led by explosive AI semiconductor growth, and guided to another step-up in Q4 with AI revenue expected to keep scaling sharply.· September 2, 2026
- Q3 revenue hit a record $29.6 billion, up 86% year over year, with non-GAAP EPS of $3.32, up 96%.
- AI semiconductor revenue was $16.7 billion in Q3, up 221% year over year, and Broadcom said Q4 AI revenue should rise to $21.7 billion, up 236%.
- Operating income reached a record $20.1 billion and operating margin was 67.9% in Q3; the company guided Q4 operating margin to about 66%.
- Management raised fiscal 2026 AI revenue guidance to $58 billion, above prior guidance of $56 billion, and said fiscal 2027 and 2028 AI revenue could double again to about $115 billion and $230 billion.
- The company highlighted strong demand from Google, Anthropic, OpenAI, and Meta, while noting supply and deployment timing are tied to wafers, substrates, HBM, land, power, and shell readiness.
Broadcom reported Q3 consolidated revenue of $29.6 billion, up 86% year over year; gross margin was 75% of revenue; operating income was a record $20.1 billion, up 92%; operating margin was 67.9%; and non-GAAP EPS was $3.32, up 96%. Semiconductor Solutions revenue was a record $20.8 billion, up 127%, including AI semiconductor revenue of $16.7 billion, up 221%. Infrastructure software revenue was $8.8 billion, up 29%. Free cash flow was a record $13.7 billion, and cash ended at $24 billion. For Q4, Broadcom guided consolidated revenue to $34.8 billion, up 93% year over year; semiconductor revenue to about $26.1 billion, up 136%; AI semiconductor revenue to $21.7 billion, up over 236%; and infrastructure software revenue to about $8.7 billion, up 24% to 25%. Q4 consolidated gross margin is expected to be about 73%, operating margin about 66%, the non-GAAP tax rate about 16%, non-GAAP diluted share count about 4.94 billion, and capex about $1.4 billion. Management also said fiscal 2026 AI revenue is expected to be $58 billion, above prior guidance of $56 billion, with fiscal 2027 AI revenue around $115 billion and fiscal 2028 around $230 billion.
Hock Tan characterized the quarter as exceptional and repeatedly emphasized that AI demand is still accelerating. He highlighted strong execution across custom accelerators and networking for Google, Anthropic, OpenAI, and Meta, and said the company is building a long runway for XPU and AI networking revenue growth. His tone was confident and forceful, but he also stressed that the outlook is carefully structured around supply, deployment timing, and customer readiness rather than pure demand alone.
Amie Thuener said Q3 revenue, operating income, and EPS all set records, with gross margin at 75% and operating margin at 67.9%. She noted that gross margin benefited less than revenue growth because AI semiconductors were a larger share of the mix, while software margins remained very strong at 94% gross margin and about 84% operating margin. She also cited $13.7 billion of free cash flow, $532 million of capex, $24 billion of cash, $3.1 billion of dividends paid, and $5.6 billion of long-term debt repaid, plus another $1.5 billion paid after quarter end. For Q4, she guided gross margin to about 73%, tax rate to about 16%, shares to about 4.94 billion, and capex to $1.4 billion.
Analysts focused on supply constraints, the realism of Broadcom’s long-term AI revenue trajectory, and whether customer deployments will be bottlenecked by wafers, substrates, HBM, land, power, and shell availability. Hock Tan said the company has secured supply for its $115 billion fiscal 2027 and $230 billion fiscal 2028 AI revenue outlooks, but the timing of chip deployment depends on data center readiness and customer execution. He also said Broadcom will begin deploying its Singapore fab for substrates starting in fiscal 2027, which should help address a key supply bottleneck.
The core bull case from the call is that Broadcom is seeing extraordinary and broadening AI demand, with AI semiconductor revenue already at $16.7 billion and management pointing to $58 billion in fiscal 2026 AI revenue. The company also argued that its custom XPU and networking portfolio is winning at multiple frontier-model customers, with multi-year visibility to much larger deployments and strong operating leverage supporting margin expansion.
The main risks discussed were supply and deployment bottlenecks: substrates, HBM, wafers, land, power, and shell can slow actual shipments even when demand is present. Gross margin is also under pressure as the mix shifts toward XPUs with higher memory content, and management acknowledged that the long-dated revenue outlook depends on customers actually getting data center capacity built and financed on schedule.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 98.8%
- Shares Outstanding
- 4.76B
- Float Shares
- 4.70B
of shares held by institutions
4,904 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for AVGO, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| David TaylorHouse · OH02 | Buy | Aug 26, 26 | Filing → |
| David TaylorHouse · OH02 | Buy | Aug 26, 26 | Filing → |
| David TaylorHouse · OH02 | Buy | Aug 26, 26 | Filing → |
| John BoozmanSenate · AR | Buy | Apr 8, 25 | Filing → |
| Rick W. AllenHouse · GA12 | Buy | Jul 14, 26 | Filing → |
| David J. TaylorHouse · OH02 | Buy | Jul 24, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jun 5, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Apr 13, 26 | Filing → |
| David J. TaylorHouse · OH02 | Sell | Apr 27, 26 | Filing → |
| David J. TaylorHouse · OH02 | Sell | Apr 27, 26 | Filing → |
| Shelley Moore CapitoSenate · WV | Sell | Apr 13, 26 | Filing → |
| Jared MoskowitzHouse · FL23 | Buy | Mar 31, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Mar 6, 26 | Filing → |
| Gilbert Ray CisnerosHouse · CA31 | Sell | Mar 25, 26 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 482.71M | ▲ 3.92M |
| Blackrock, Inc. | 398.21M | ▲ 12.27M |
| Vanguard Capital Management LLC | 309.17M | ▲ 1.15M |
| State Street Corp | 196.90M | ▲ 5.52M |
| Fmr LLC | 144.36M | ▲ 20.25M |
| Vanguard Portfolio Management LLC | 127.00M | ▼ 1.42M |
| Capital World Investors | 121.89M | ▲ 5.70M |
| Geode Capital Management, LLC | 116.39M | ▲ 2.11M |
| Capital Research Global Investors | 113.13M | ▼ 2.90M |
| Jpmorgan Chase & Co | 95.02M | ▲ 3.23M |
| Price T Rowe Associates Inc | 82.85M | ▼ 1.62M |
| Capital International Investors | 81.82M | ▼ 2.22M |
Held by 3,419 ETFs
Biggest fund positions in AVGO by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 10, 26 | DELLY GAYLA J | other | 500 |
| Jul 10, 26 | Brazeal Mark David | sell | 25,000 |
| Jul 8, 26 | DELLY GAYLA J | sell | 1,890 |
| Jul 8, 26 | Brazeal Mark David | sell | 25,000 |
| Jun 29, 26 | PAGE JUSTINE | sell | 1,602 |
| Jun 25, 26 | Brazeal Mark David | sell | 25,000 |
| Jun 24, 26 | SAMUELI HENRY | sell | 23,253 |
| Jun 24, 26 | SAMUELI HENRY | sell | 33,346 |
| Jun 24, 26 | SAMUELI HENRY | sell | 30,911 |
| Jun 24, 26 | SAMUELI HENRY | sell | 48,996 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our AVGO coverage
Recent articles, reports, and earnings notes.

Broadcom (AVGO): AI Infrastructure Growth Accelerates
Broadcom is emerging as a core AI infrastructure supplier, with record revenue, surging AI semiconductor sales, and powerful operating leverage. The main debate is whether its premium valuation and heavy leverage are justified by the growth runway.

Broadcom Inc. (AVGO) drops 6.2% after Q4 outlook
Broadcom Inc. (AVGO) drops after a strong fiscal Q3 earnings beat, as investors focus on a Q4 revenue guide that fell short of lofty AI expectations. The company still posted rapid AI growth, but the stock is repricing around valuation and future acceleration.

Nvidia can beat earnings and still lose the AI trade
Nvidia can validate AI demand with a strong earnings report without proving that every AI infrastructure stock deserves the same enthusiasm. The post-earnings test is whether spending is broadening into profitable networking, custom silicon, and foundry suppliers—or remaining concentrated in Nvidia’s ecosystem.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed September 3, 2026 · Live quote · Not investment advice