Stock · AVGO · Technology
United States · Large Cap · listed since 2009 · Revenue 12 mo. $89.1B
Price as of 11/06/2026
Summary
47.9 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €24.2B (2025), it supports €268.4B. The remaining €1T of the market value assume it grows 21.7% a year for 10 years and not at all afterwards.
Required FCF growth per year
21.7%
no growth afterwards
Price to operating cash flow 35.3×, within its usual range.
Middle half of 20 quarters: 19.7× to 51.9×, median 35.4×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
AI summary of the 2025 annual report
A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.
Form 10-K, fiscal year ended 11/02/2025, filed 12/18/2025. Open the report at the SEC
| Segment | Share | Revenue |
|---|---|---|
| Semiconductor Solutions | 57.7% | $36.9B |
| Infrastructure Software | 42.3% | $27B |
From the report's structured data (XBRL), not from the language model. The sum can differ slightly from group revenue.
The company supplies semiconductor chips and related solutions, including complex digital and mixed-signal devices built on silicon wafers.
Our semiconductor and semiconductor-based solutions include a broad portfolio of complex digital and mixed signal devices based on silicon wafersThe company offers infrastructure software in five portfolios: private cloud, mainframe, cybersecurity, enterprise software and FC SAN management.
We offer five major infrastructure software portfolios: Private Cloud, Mainframe Software, Cybersecurity, Enterprise Software and FC SAN Management.Semiconductor products are offered in five main end markets: networking connectivity, wireless device connectivity, servers and storage systems, broadband and industrial.
We offer our semiconductor and semiconductor-based solutions in five major end markets: Networking Connectivity, Wireless Device Connectivity, Servers and Storage Systems, Broadband and Industrial.The company offers complete system-on-chip platforms for set-top boxes (STBs) used with cable, satellite, Internet Protocol television, over-the-top and terrestrial services.
We offer complete SoC platform solutions for cable, satellite, Internet Protocol television, over-the-top and terrestrial STBs.Distributors, OEMs and their contract manufacturers usually account for most of the company's semiconductor sales.
Distributors and OEMs, or their contract manufacturers (“CMs”), typically account for the substantial majority of our semiconductor sales.Software customers are generally large enterprises with computing environments from several vendors, in most major industries worldwide.
Our software customers generally consist of large enterprises that have computing environments from multiple vendors and are in most major industries worldwideMany of the world's largest companies, including most Fortune 500 companies, and many government agencies use the company's infrastructure and security software.
Many of the largest companies in the world, including most of the Fortune 500, and many government agencies rely on our infrastructure and security software solutionsCompetitors in semiconductor solutions include integrated device makers, fabless chip companies (firms that design chips but do not own factories) and the in-house resources of large OEMs.
Competitors in semiconductor solutions include integrated device manufacturers, fabless semiconductor companies and the internal resources of large integrated OEMs.In infrastructure software, the company competes with large enterprise software vendors that offer cloud, security, mainframe, enterprise and other software.
In infrastructure software, we compete with large enterprise software vendors that provide cloud, security, mainframe, enterprise and other software solutionsThe company's ability to compete depends on a number of factors. These include quality, technical performance, price, product features, product compatibility, design capability, engineering expertise, responsiveness to customers, innovation, availability, delivery, reliability and customer support.
Additionally, our ability to compete effectively depends on a number of factors, including: quality, technical performance, price, product features, product system compatibility, system-level design capability, engineering expertise, responsiveness to customers, new product innovation, product availability, delivery timing and reliability, and customer sales and technical support.The company believes its five largest end customers, across all sales channels, together accounted for about 40% of net revenue in fiscal 2025.
We believe aggregate sales, through all channels, to our top five end customers accounted for approximately 40% of our net revenue for fiscal year 2025.In fiscal 2025, about 95% of the wafers made by the company's contract manufacturers were produced by TSMC.
During fiscal year 2025, approximately 95% of the wafers manufactured by our CMs were produced by TSMC.Some of these AI customers may have limited resources or capital and may be unable to pay for the AI infrastructure they need.
Some of these AI customers may have constrained resources or capital and may be unable to pay for their required AI infrastructureIn fiscal 2025, the company bought about two-thirds of its manufacturing materials from five suppliers. Some of these five suppliers are the only source for the materials they provide.
During fiscal year 2025, we purchased approximately two-thirds of our manufacturing materials from five materials suppliers, some of which are single source suppliers.Since the last quarter
Q2 → Q3 2026
3 more unchanged: Gross margin, FCF margin, Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 28.45% | 14.60% | Rank 78 |
| Return on capital (Greenblatt) | 163.47% | 29.77% | Rank 90 |
| EBIT margin | 39.89% | 17.40% | Rank 91 |
| FCF margin | 42.13% | 18.54% | Rank 94 |
| Gross margin | 67.77% | 48.47% | Rank 72 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 23.87% | 12.70% | Rank 77 |
| Earnings growth, 3 years per year | 20.59% | 9.54% | Rank 74 |
| Earnings growth, 5 years per year | 46.63% | 14.07% | Rank 92 |
| Sustainable growth (ROE × retained earnings) | 0.98% | 2.87% | Rank 24 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 1.62% | 2.64% | Rank 28 |
| FCF yield | 1.90% | 3.06% | Rank 33 |
| EV/saleslower is better | 22.97 | 5.18 | Rank 6 |
| EV/EBITlower is better | 57.59 | 26.24 | Rank 21 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −27.01% | −0.59% | Rank 22 |
| Share price, 6 months | −31.22% | −4.46% | Rank 18 |
| Share price, 3 months | −26.21% | −5.84% | Rank 17 |
| Distance from 52-week high | −39.01% | −33.23% | Rank 40 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −2.28% | 1.65% | Rank 75 |
| Change in share countlower is better | 1.57% | −0.17% | Rank 18 |
| Dividend streak in years | 15 | 8 | Rank 86 |
| Price reaction to results, market-adjusted | −3.87% | −1.57% | Rank 33 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 47.51% | 53.98% | Rank 39 |
| Net debt/EBITDAlower is better | 1.41 | −0.20 | Rank 19 |
| Debt to equitylower is better | 0.80 | 0.33 | Rank 23 |
| Volatility, 1 yearlower is better | 46.07% | 50.37% | Rank 66 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $B | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 13.2 | −3.1% | 2.7 | 3.83B | 10.5 |
| 2017 | 17.6 | 13.4% | 5.5 | 4.21B | 6.3 |
| 2018 | 20.8 | 24.6% | 8.2 | 4.31B | 13.2 |
| 2019 | 22.6 | 15.2% | 9.3 | 4.19B | 27.7 |
| 2020 | 23.9 | 16.8% | 11.6 | 4.21B | 33.4 |
| 2021 | 27.5 | 31.0% | 13.3 | 4.29B | 27.6 |
| 2022 | 33.2 | 42.8% | 16.3 | 4.23B | 27.1 |
| 2023 | 35.8 | 45.3% | 17.6 | 4.27B | 25.0 |
| 2024 | 51.6 | 26.1% | 19.4 | 4.78B | 58.2 |
| 2025 | 63.9 | 39.9% | 26.9 | 4.85B | 49.0 |
5 of 7 StockScorer Score rules met · How the score is built
Broadcom Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.
Broadcom Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
5 of 7 rules met
8 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
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Selected fundamental metrics for Broadcom Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 61.6 | 35.1 |
| P/B ratio | 17.5 | 5.5 |
| Return on equity (ROE) | 28.4% | 14.6% |
| Equity ratio | 47.5% | 54.0% |
| Debt-to-equity (D/E) | 0.80 | 0.33 |
| Dividend yield | 0.9% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| AVGO | Broadcom Incthis page | |
| MU | Micron Technology Inc | High9.1 |
| AMD | Advanced Micro Devices Inc | Medium5.5 |
| NVDA | NVIDIA Corporation | High7.3 |
| 2330.TW | Taiwan Semiconductor Manufacturing Co. Ltd. | locked |
| 000660.KS | SK Hynix Inc | locked |
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