AVGO
Broadcom Inc.341.30
+1.49+0.44%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Q&A boosts AI visibility, dismisses threats
Q&A reinforced Broadcom's AI dominance, clarifying $100B+ 2027 chip revenue from ~10 gigawatts across six customers, with supply secured through 2028 via early locks and deep engagements. Hock dismissed COT threats and hyperscaler ROI pessimism, insisting Broadcom's silicon execution laps rivals. Networking hits 33-40% AI mix on Tomahawk leads; racks pose no margin risk at 77%. Ethernet edges protocols for scale-up. No walk-backs, just sharper visibility. Broadcom locked supply through 2028. Investors eye XPU ramps amid maturing inference demand.
Key Stats
Market Cap
1.61TP/E (TTM)
71.40Basic EPS (TTM)
4.78Dividend Yield
0.01%Recent Filings
8-K
Q1 revenue $19.3B, AI soars
Broadcom posted Q1 revenue of $19.3B, up 29% year-over-year, fueled by AI semiconductors hitting $8.4B—a 106% surge. Adjusted EBITDA reached $13.1B at 68% of sales; free cash flow tallied $8.0B. AI revenue accelerates. Q2 guides $22.0B revenue, 47% growth, plus $0.65/share dividend and fresh $10B buyback through 2026.
8-K
Broadcom issues $4.5B notes
Broadcom issued $4.5B in senior notes on January 13, 2026—$750M 4.300% due 2031, $1.25B 4.600% due 2033, $1.25B 4.950% due 2036, $1.25B 5.700% due 2056—via underwriters BofA and JPM. Proceeds fund general purposes and redeem $4B+ in higher-coupon notes maturing 2027-2028, including VMware's 3.900% due 2027. Notes rank equally with unsecured debt, but structurally subordinated to subsidiaries. Smart refinancing play.
10-K
FY2025 results
Broadcom crushed FY2025 ended November 2, 2025 with net revenue up 24% y/y to $63.9B, driven by semiconductor solutions (+22% to $36.9B) on AI accelerator and networking demand, plus infrastructure software (+26% to $27.0B) from VMware Cloud Foundation licenses. Gross margin expanded to 68% from 63%, while operating income soared 89% to $25.5B; Q4 momentum accelerated via strong AI workloads. Cash from operations hit $27.5B, funding $11.1B dividends and $2.5B buybacks amid $67.1B debt. No annual guidance disclosed. Customer concentration risks loom large.
8-K
Q4 revenue $18B, dividend up
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