Broadcom Inc. (AVGO) operating KPIs

AVGONasdaqSemiconductors & Related DevicesFiscal year ends November 1

Financials through Q3 FY2026, quarter ended Aug 2, 2026Last filing: 10-Q on Sep 10, 2026Score 12/30

$326.08−18.92 (-5.48%)

Close on Oct 30, 2026Market cap $1.56TP/E –Yield 0.72%

KPIs

Operating metrics that drive Broadcom's business · fiscal year ends Sunday closest to October 31

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Broadcom's fiscal year ends Sunday closest to October 31 — Q4 FY26 = Aug–Oct 2026.

Column labels

Metric	Q4 FY26 2026-11-01	Q3 FY26 2026-08-02	Q2 FY26 2026-05-03	Q1 FY26 2026-02-01	Q4 FY25 2025-11-02	Q3 FY25 2025-08-03	Q2 FY25 2025-05-04	Q1 FY25 2025-02-02	Q4 FY24 2024-11-03	Q3 FY24 2024-08-04	Q2 FY24 2024-05-05	Q1 FY24 2024-02-04

Remaining performance obligations (RPO)($M)3		179,200	164,600	45,000	33,300	27,500	24,700	22,400	20,500	21,200	22,900	27,700
Share expected to be recognized within 12 months(%)		25.0%	30.0%	33.0%	35.0%	34.0%	36.0%	40.0%	43.0%	44.0%	49.0%	44.0%
Contract liabilities (deferred revenue, total)($M)2		13,124	14,242	12,855	13,016	14,336	14,457	14,536	14,495	15,548	16,702	15,451
Current contract liabilities($M)		9,501	10,038	9,188	9,469	10,305	10,303	9,908	9,395	9,789	10,519	9,593
Revenue recognized from beginning contract liability balance($M)		1,864	2,530	3,915	1,184	1,918	2,520	3,583	160	315	652	1,313
Contract assets (unbilled receivables)($M)		11,901	10,399	9,347	8,922	7,575	6,427	5,548	4,402	3,658	2,430	1,647
Unconditional purchase obligations (wafer, packaging & manufacturing commitments)($M)		126,821	128,110	54	132	235	296	335	569	571	657	415
Other contractual commitments (IT, cloud & EDA licensing)($M)		3,941	4,105	4,280	4,114	3,777	3,740	3,844	2,772	2,895	2,860	1,590
Consolidated revenue guidance (for the period, announced one period prior)($M)4	34,800	29,400	22,000	19,100	17,400	15,800	14,900	14,600	14,000
AI Semiconductor revenue guidance / long-term target($M)	21,700	16,000	10,700	8,200	6,200	5,100	4,400	3,800
Non-AI Semiconductor revenue guidance($M)	4,300	4,500	4,100	4,100		4,000
Non-GAAP operating margin guidance (% of projected revenue)(%)	66.0%	67.0%
Adjusted EBITDA margin guidance (% of projected revenue)(%)		68.0%	68.0%	67.0%	67.0%		66.0%	66.0%	64.0%

Semiconductor Solutions segment revenue($M)3		20,839	15,009	12,515	11,072	9,166	8,408	8,212	8,230	7,274	7,202	7,390
AI Semiconductor revenue (Custom AI Accelerators / XPUs & AI Networking)($M)4		16,700	10,800	8,400	6,500	5,200		4,100	3,700	3,100	3,100	2,300
AI Semiconductor revenue growth (y/y, as stated)(%)		221.0%	143.0%	106.0%	74.0%	63.0%	46.0%	77.0%	150.0%
Custom AI Accelerators (XPU) share of AI revenue(%)		73.0%		66.7%			60.0%			66.7%	66.7%	70.0%
AI Networking (Tomahawk / Jericho / optical / PCIe) share of AI revenue(%)				33.3%			40.0%			33.3%	33.3%	30.0%
Production custom AI accelerator (XPU) hyperscale customers		6	6	6	5	4	3	3	3			2
Non-AI Semiconductor revenue (Enterprise, Telco, Wireless, Storage, Broadband, Industrial)($M)		4,200	4,200	4,100	4,600		4,000	4,100	4,500
Semiconductor revenue by end-market (disclosed through Q4 FY24 before AI vs. Non-AI pivot)5
Networking($M)									4,500	4,000	3,800	3,300
Wireless($M)									2,200	1,700	1,600	2,000
Server storage connectivity($M)									992	861	824	887
Broadband($M)									465	557	730	940
Industrial resales($M)									173	164	234	215
Semiconductor Solutions Non-GAAP gross margin(%)1		76.0%	70.0%	68.0%	68.0%		69.0%	68.0%	67.0%	68.0%	67.0%	67.0%
Semiconductor Solutions Non-GAAP operating margin(%)		61.0%	62.0%	60.0%	59.0%		57.0%	57.0%	72.0%	67.0%	59.0%	59.0%

Infrastructure Software segment revenue($M)4		8,752	7,178	6,796	6,943	6,786	6,596	6,704	5,824	5,798	5,285	4,571
Upfront software license revenue (consolidated disaggregation)($M)		3,465	1,964	1,755
Infrastructure Software Annual Recurring Revenue (ARR) growth (y/y)(%)		15.0%	17.0%	19.0%
VMware Annualized Booking Value (ABV, post-acquisition ramp FY24)($M)1									2,700	2,500	1,900	1,200
Consolidated software Annualized Booking Value (ABV)($M)											2,800	1,900
VMware standalone revenue & integration spend run-rate (Form 8-K/A & FY24 transition)($M)1										3,800	2,700	2,100
VMware quarterly operating spend run-rate (integration restructuring)($M)									1,200	1,300	1,600	2,300
Infrastructure Software Non-GAAP gross margin(%)1		94.0%	93.0%	93.0%	93.0%		93.0%	92.5%	91.0%	90.0%	88.0%	88.0%
Infrastructure Software Non-GAAP operating margin(%)		84.0%	79.0%	78.0%	78.0%			76.0%	72.0%	67.0%	60.0%	59.0%

Revenue by product type × geographic region (2D disaggregation)($M)2		29,591	22,187	19,311	18,015	15,952	15,004	14,916	14,054	13,072	12,487	11,961
Product revenue (total)($M)4		24,279	16,892	14,130	13,222	11,173	10,309	10,143	12,917	7,439	7,192	7,412
Product revenue — Americas($M)		2,642	2,187	2,164	2,151	1,931	1,891	1,935	3,135	582	473	708
Product revenue — Asia Pacific($M)		20,199	13,956	10,950	10,246	8,385	7,632	7,333	8,000	6,411	6,267	6,191
Product revenue — EMEA($M)		1,438	749	1,016	825	857	786	875	1,782	446	452	513
Upfront software license revenue (included in Product revenue)($M)3		3,465	1,964	1,755
Upfront software license — Americas($M)		2,181	1,456	1,061
Upfront software license — Asia Pacific($M)		320	137	124
Upfront software license — EMEA($M)		964	371	570
Subscriptions & services revenue (total)($M)3		5,312	5,295	5,181	4,793	4,779	4,695	4,773	1,137	5,633	5,295	4,549
Subscriptions & services — Americas($M)		2,871	3,015	2,917	2,726	2,793	2,815	2,697	885	3,409	3,401	2,377
Subscriptions & services — Asia Pacific($M)		745	579	665	558	575	468	699	-70	630	487	506
Subscriptions & services — EMEA($M)		1,696	1,701	1,599	1,509	1,411	1,412	1,377	322	1,594	1,407	1,666
Consolidated revenue by geographic region & country($M)3		29,591	22,187	19,311	18,015	15,952	15,004	14,916	14,054	13,072	12,487	11,961
Americas($M)		5,513	5,202	5,081	4,877	4,724	4,706	4,632	4,020	3,991	3,874	3,085
Asia Pacific($M)		20,944	14,535	11,615	10,804	8,960	8,100	8,032	7,930	7,041	6,754	6,697
Europe, Middle East & Africa (EMEA)($M)		3,134	2,450	2,615	2,334	2,268	2,198	2,252	2,104	2,040	1,859	2,179

Inventory (total)($M)4		4,523	4,328	2,962	2,270	2,180	2,017	1,908	1,760	1,894	1,842	1,920
Raw materials($M)		764	669	576	308	354	398	393	286	430	407	444
Work in process (WIP)($M)		1,920	1,801	1,544	1,280	1,349	1,119	950	970	896	866	793
Finished goods($M)		1,839	1,858	842	682	477	500	565	504	568	569	683
Days of inventory on hand (DSI, stated on earnings calls)(days)			86	68	58	66	69	65
Days sales outstanding (DSO, stated on earnings calls)(days)					36		34	30	29	32	40	41
Fixed-rate debt weighted-average coupon rate(%)1		4.0%			4.0%		3.8%	3.8%	3.7%	3.6%	3.5%	3.5%
Fixed-rate debt weighted-average years to maturity(years)		7.4			7.2		7.0	7.3	7.6	7.7	8.2	8.4

Hyperscaler AI customer quarterly cash CapEx (aligned to Broadcom fiscal quarters)4
Alphabet (Google) cash CapEx($M)		44,924	35,674	27,851	23,953	22,446	17,197	14,276	13,061	13,186	12,012	11,019
Meta Platforms cash CapEx($M)	33,942	30,116	18,997	21,383	18,829	16,538	12,941	14,425	8,258	8,173	6,400	7,592
Microsoft cash CapEx($M)		35,802	30,876	29,876	19,394	17,079	16,745	15,804	14,923	13,873	10,952	9,735
Amazon cash CapEx($M)		54,208	44,203	39,522	35,095	32,183	25,019	27,834	22,620	17,620	14,925	14,588

Consolidated net revenue (GAAP)($M)1		29,591	22,187	19,311	18,015	15,952	15,004	14,916	14,054	13,072	12,487	11,961
Gross margin (Non-GAAP, $M)($M)1		22,191	17,109	14,868	14,039	12,499	11,911	11,796	10,814	10,113	9,518	9,014
Gross margin (Non-GAAP, % of revenue)(%)		75.0%	77.1%	77.0%	77.9%		79.4%	79.1%	76.9%	77.4%	76.2%	75.4%
Operating income (GAAP)2
Operating income (Non-GAAP, $M)($M)4		20,095	14,928	12,826	11,921	10,455	9,793	9,828	8,811	7,948	7,146	6,831
Operating margin (Non-GAAP, % of revenue)(%)		68.0%	67.3%	66.4%	66.2%
Operating expenses (Non-GAAP, $M)($M)		2,096	2,181	2,042	2,118	2,044	2,118	1,968	2,003	2,165	2,372	2,183
Research & development (Non-GAAP, $M)($M)		1,551	1,600	1,518	1,525	1,477	1,524	1,431	1,395	1,474	1,534	1,444
SG&A expense (Non-GAAP, $M)($M)		545	581	524	593	567	594	537	608	691	838	739
Adjusted EBITDA ($M, reported through Q2 FY26)($M)1			15,244	13,128	12,218	10,702	10,001	10,083	9,089	8,223	7,429	7,156
Adjusted EBITDA margin (% of revenue)(%)			69.0%	68.0%	68.0%	67.0%	67.0%	68.0%	65.0%	63.0%	59.0%	60.0%
Net income (GAAP)1
Net income (Non-GAAP, $M)($M)		16,372	12,074	10,185	9,714	8,404	7,787	7,823	6,965	6,120	5,394	5,254
Operating cash flow (GAAP)3
Free cash flow (Non-GAAP, $M)($M)1		13,665	10,262	8,010	7,466	7,024	6,411	6,013	5,482	4,791	4,448	4,693
Free cash flow margin (% of revenue)(%)		46.0%	46.0%	41.0%	41.0%	44.0%	43.0%	40.0%	39.0%	37.0%	36.0%	39.0%
Depreciation expense($M)		171	163	150	148	142	142	142	156	149	149	139
Total acquisition-related intangible amortization($M)		2,006	1,967	1,969	2,052	2,026	1,989	1,995
Finite-lived intangible assets, net (by category & future amortization schedule)($M)9		26,325	27,583	29,552	31,453	33,524	34,053	36,243	38,243	40,694	40,607	42,285
Developed technology($M)		14,780	15,529	16,989	18,380	19,923	19,922	21,432	22,916	24,516	23,577	25,266
Other intangible assets($M)		64	67	69	72	76	79	83	61	65	68	71
Intangible assets, gross carrying amount($M)		51,192	50,442	50,440	50,370	54,876	53,356	53,564	53,539	64,638	62,174	61,461
Accumulated intangible amortization($M)		24,867	22,859	20,888	18,917	21,352	19,303	17,321	15,296	23,944	21,567	19,176
Expected amortization — remainder of fiscal year($M)		2,008	3,940	5,911		2,072	3,997	6,032		2,451	4,728	6,598
Expected amortization — fiscal year +1($M)		6,980	6,818	6,818	7,880	7,880	7,545	7,572	8,055	8,055	7,604	7,630
Expected amortization — fiscal year +2($M)		5,833	5,689	5,688	6,805	6,805	6,507	6,535	7,571	7,571	7,035	7,237
Expected amortization — fiscal year +3($M)		4,686	4,562	4,562	5,673	5,673	5,417	5,444	6,533	6,533	6,065	6,180
Expected amortization — fiscal year +4($M)		3,479	3,378	3,377	4,547	4,547	4,337	4,357	5,443	5,443	5,051	5,077
Unrecognized stock-based compensation expense (future RSU/PSU cost)($M)		18,221	20,106	21,971	23,833	25,057	27,020	10,745	11,259	12,900	13,811	12,132
Cash dividends paid2
Common shares repurchased (split-adjusted)(M)		0	2	23			16				-60	67
Remaining share repurchase authorization($M)		10,100	10,100	700	7,550

18 metrics have no data in the last 12 quarters — .

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Fiscal calendar: Broadcom's fiscal year ends on the Sunday closest to October 31 (Q1 ≈ Nov–Jan, Q2 ≈ Feb–Apr, Q3 ≈ May–Jul, Q4 ≈ Aug–Oct). Latest reported quarter: Q3 FY26 (ended August 2, 2026); latest completed fiscal year: FY2025 (ended November 2, 2025).
Forward columns: Column Q4 FY26 holds Broadcom's Q4 FY26 guidance ($26.0B consolidated revenue, $21.7B AI semiconductor revenue, $4.3B non-AI semiconductor revenue, 66.5% Non-GAAP operating margin) plus calendar Q3 2026 cash CapEx already reported by Alphabet, Meta, and Amazon. Annual columns FY2026–FY2028 hold management's full-year AI semiconductor revenue guidance ($58B in FY26, ~$115B in FY27, $230B in FY28).
Monthly Taiwan supply chain tracker (MOPS): Monthly columns (Jan 2018 – Sep 2026) track NT$M operating revenue of Broadcom's primary wafer foundry TSMC (2330.TW, ~95% of Broadcom wafers), CoWoS/packaging & test partners ASE (3711.TW) and KYEC (2449.TW), ABF substrate supplier Unimicron (3037.TW), white-box Tomahawk switch ODM Accton (2345.TW), and GaAs RF foundry WIN Semiconductors (3105.TW).
Bound disclosures excluded from numeric cells per Step 4 rules and recorded here: Q4 FY23 AI revenue ('close to $1.5B'), Q2 FY25 AI revenue ('over $4.4B', +46% y/y), Q2 FY26 AI semiconductor bookings ('over $30B'), Q4 FY25 AI switch backlog ('exceeds $10B'), Q4 FY25 & Q1 FY26 software TCV booked ('exceeded $10.4B' and 'exceeded $9.2B'), VCF customer adoption in Q2 FY24 ('close to 3,000'), Q4 FY24 ('over 4,500'), and Q2 FY25 ('over 87% of top 10,000 customers'), and Q3 FY25 Adjusted EBITDA guidance ('at least 66%').
Subsidiary & parent-only evaluation: VMware standalone financials (Form 8-K/A) and post-acquisition ramp metrics (FY24 transcripts) are presented in Group 3. Broadcom reports under U.S. GAAP with no parent-only operating statements (Schedule I is not required), so consolidated − parent subtraction does not apply.
Strict Step 4 compliance: Every cell displays a figure directly published by Broadcom or an authoritative external source, plus the two permitted period splits (Q4 = FY − 9M and quarterly cash flow = YTD − prior YTD, shown in italics with formula).

Not shown because recent periods are missing (5)

1. Forward Visibility — RPO, Backlog, Supply Commitments & Guidance › Remaining performance obligations (RPO) › Infrastructure Software order backlog (year-end) › Consolidated total order backlog (single-period disclosure)
1. Forward Visibility — RPO, Backlog, Supply Commitments & Guidance › Remaining performance obligations (RPO) › Infrastructure Software order backlog (year-end) › AI Semiconductor order backlog (single-period disclosure)
3. Infrastructure Software & VMware Cloud Foundation (VCF) KPIs › Infrastructure Software segment revenue › Infrastructure Software Annual Recurring Revenue (ARR) growth (y/y) › VMware Cloud Foundation (VCF) adoption (% of top 10,000 customers, single point)
3. Infrastructure Software & VMware Cloud Foundation (VCF) KPIs › Infrastructure Software segment revenue › Infrastructure Software Annual Recurring Revenue (ARR) growth (y/y) › Software Total Contract Value (TCV) booked (single point)
4. Revenue Cross-Disaggregation (Product × Region), Country Mix & Customer / Foundry Concentration › Consolidated revenue by geographic region & country › Taiwan (single-year disclosure in FY25 10-K)

Data updated 2026-10-25.

Every KPI on its own page

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Broadcom Inc. (AVGO) operating KPIs

KPIs

Every KPI on its own page

1. Forward Visibility — RPO, Backlog, Supply Commitments & Guidance

2. Semiconductor Solutions — AI Accelerators (XPUs), AI Networking & End-Markets

3. Infrastructure Software & VMware Cloud Foundation (VCF) KPIs

4. Revenue Cross-Disaggregation (Product × Region), Country Mix & Customer / Foundry Concentration

5. Working Capital, Inventory by Fabrication Stage & Debt Maturity Profile

6. External Leading Indicators — Hyperscaler Customer CapEx & Taiwan Supply Chain Monthly Revenue (MOPS)

7. Workforce, Patents, Supply Chain Responsible Sourcing (Form SD) & Environmental (ESG)

8. Consolidated GAAP vs. Non-GAAP Profitability, Cash Flow, Intangible Amortization & Capital Return