Filing Flows

Filing Flows › Technology › Broadcom (AVGO)

Broadcom (AVGO) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Sep 10, 2026 · Broadcom (AVGO) Q3 FY26 earnings results →

Q3 FY26 Revenue up 86% year over year to $29.6B · 44¢ of every $1 of revenue kept as net profit · operating margin 53.9%

Broadcom made $29.6B in Q3 FY26 (+86% Y/Y): Products $24.3B, Subscriptions and services $5.3B. Operating margin 53.9%, net earnings $13.1B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 10, 2026.

Revenue$29.6B
Year over year+86%
Operating margin53.9%
Net earnings$13.1B
Operating cash flow$14.2B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Broadcom Q3 FY26 revenue breakdown: Sankey diagram of revenue (Products, Subscriptions and services), costs, profit and cash flow
Broadcom Q3 FY26 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $29.6B in Q3 FY26, up 86% year over year and up 33% from the previous quarter. Products was the largest line at 82% of revenue. Products added $13.1B year over year (up 117%), 96% of the total change.

Gross margin was 69.1%, up 2.0 points from Q3 FY25. Operating profit was $16.0B, a 53.9% margin (up 17.0 points year over year). Of the extra revenue versus Q3 FY25, 74% reached operating profit, above the 37% margin then. Operating expenses fell 7% while revenue rose 86%. Net earnings were $13.1B, up 216% year over year. The effective tax rate was 14.3%.

Operating cash flow was $14.2B (up 98% year over year), 108% of net earnings. Non-cash charges added back $2.2B of depreciation and amortization and $2.0B of share-based compensation. Working capital and other items used $3.1B. After purchases of property, plant and equipment ($0.53B), free cash flow as the company reports it was $13.7B.

Quarterly history

Broadcom revenue by quarterBroadcom revenue by quarter$14.1BQ4 FY24$15.0BQ2 FY25$16.0BQ3 FY25$18.0BQ4 FY25$19.3BQ1 FY26$22.2BQ2 FY26$29.6BQ3 FY26
Broadcom net earnings by quarterBroadcom net earnings by quarter$4.3BQ4 FY24$5.0BQ2 FY25$4.1BQ3 FY25$8.5BQ4 FY25$7.3BQ1 FY26$9.3BQ2 FY26$13.1BQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QSep 10, 2026$29.6B+86%53.9%$13.1B$14.2B
Q2 FY2610-QJun 9, 2026$22.2B+48%48.6%$9.3B$10.5B
Q1 FY2610-QMar 11, 2026$19.3B+30%44.3%$7.3B$8.3B
Q4 FY2510-KDec 18, 2025$18.0B+28%41.7%$8.5B$7.7B
Q3 FY2510-QSep 10, 2025$16.0B+22%36.9%$4.1B$7.2B
Q2 FY2510-QJun 11, 2025$15.0B+20%38.8%$5.0B$6.6B
Q4 FY2410-KDec 20, 2024$14.1B+51%32.9%$4.3B$5.6B

Charts

Broadcom: revenue growth, year over year and quarter over quarterBroadcom: revenue growth, year over year and quarter over quarterY/YQ/Q+51%Q4 FY24+20%+7%Q2 FY25+22%+6%Q3 FY25+28%+13%Q4 FY25+30%+7%Q1 FY26+48%+15%Q2 FY26+86%+33%Q3 FY26
Latest (Q3 FY26): Y/Y +86%, Q/Q +33%.
Broadcom: where the cash came from (+) and went (−), TTM to Q3 FY26Broadcom: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$40.7BCash drawn (+) / kept (−)−$13.3BDividends−$12.1BBuybacks−$8.4BNet borrowing (+) / repaid (−)−$4.7BCapital spending−$1.2BOther financing−$560MOther investing−$553MShares issued$216M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Broadcom: profit against cash, quarter by quarterBroadcom: profit against cash, quarter by quarterNet incomeOperating cash flow$4.3B$5.6BQ4 FY24$5.5B$6.1BQ1 FY25$5.0B$6.6BQ2 FY25$4.1B$7.2BQ3 FY25$8.5B$7.7BQ4 FY25$7.3B$8.3BQ1 FY26$9.3B$10.5BQ2 FY26$13.1B$14.2BQ3 FY26
Latest (Q3 FY26): Net income $13.1B, Operating cash flow $14.2B.
Broadcom: diluted shares by fiscal year (split-adjusted)Broadcom: diluted shares by fiscal year (split-adjusted)4.21BFY204.29BFY214.23BFY224.27BFY234.78BFY244.85BFY25
+15.3% since FY20: more shares outstanding (issuance, stock pay); earlier years scaled for the 10-for-1 split before FY22.
Broadcom: long-term debt falling due (FY25)Broadcom: long-term debt falling due (FY25)$3.2B2026$2.5B2027$7.1B2028$4.7B2029$6.4B2030$43.3BLater
Cash $16.2B, short-term investments —, long-term debt $65.1B at 2025-11-02.
Broadcom in its industry: growth against margin (80 companies, SIC 3674)Broadcom in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSIOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRAVGO (+86%, 54%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

AI data-center capex money flowAI data-center capex · AI accelerators & custom chips

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Broadcom

We are a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions. Our more than 60-year history of innovation dates back to our diverse origins from AT&T/Bell Labs, Lucent and Hewlett-Packard Company, and has evolved through acquisitions, including LSI Corporation, Broadcom Corporation, Brocade Communications Systems, Inc., CA, Inc., Symantec Enterprise Security, and VMware, Inc. (“VMware”). Over the years, we have assembled a large team of semiconductor and software design engineers around the world. We maintain design, product and software development engineering expertise and resources at locations primarily in the U.S., Asia, and Europe.

In its own words, from its 10-K, filed Dec 18, 2025.

Broadcom against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +86% against the peers' median +40%. Operating margin: 53.9% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%
NXPI NXP Semiconductors N.V.Q3 2026$3.8B+19%32.4%

Source: Broadcom 10-Q on SEC EDGAR · CIK 1730168 · Semiconductors & Related Devices

Guidance and outlook

Broadcom Revenue: guidance against what was reportedBroadcom Revenue: guidance against what was reportedguided rangereported (above / within / below)Q4 FY24$14.1BQ2 FY25$15.0BQ3 FY25$16.0BQ4 FY25$18.0BQ1 FY26$19.3BQ2 FY26$22.2BQ3 FY26$29.6BQ4 FY26
Met or beat 8 of 8 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Broadcom: what its forward-looking statements are about (10-Q filed 2026-09-10)Broadcom: what its forward-looking statements are about (10-Q filed 2026-09-10)Other2Demand2Financing1
5 statements; tone +0.00 (−1 all cautious, +1 all confident); 2 hedged.
Broadcom: outlook statements against the filing beforeBroadcom: outlook statements against the filing beforeNew1Updated1

13F: who owns AVGO and who is buying

Largest holders of AVGO (13F)Largest holders of AVGO (13F)Vanguard Group$167.1BBlackRock$150.4BVanguard Capital Management LLC$116.8BState Street$74.4BFMR LLC$54.5BVanguard Portfolio Management LLC$48.0BCapital World Investors$46.0BGeode Capital Management, LLC$43.9BCapital Research Global Investors$42.7BPrice T Rowe Associates$31.3B
Funds' net buying of AVGO by quarter (13F)Funds' net buying of AVGO by quarter (13F)−$7.5B2024-09$402M2024-12−$299M2025-03$14.3B2025-06−$9.7B2025-09$24.7B2025-12$549M2026-03$7.4B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AVGO

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

Compare AVGO with

中文版：博通（AVGO）财报

Español · Français