Filing Flows › Broadcom (AVGO) › Q3 FY25
Broadcom (AVGO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 10, 2025
Broadcom (AVGO) reported revenue of $16.0B for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and +6% from the quarter before. Operating margin was 36.9%, net earnings $4.1B (26.0% of revenue).
Broadcom, Q3 FY25: revenue $16.0B (+22% year over year), operating margin 36.9%, net earnings $4.1B, operating cash flow $7.2B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.0B | +6% | +22% |
| Gross profit | $10.7B | +5% | +28% |
| Operating profit | $5.9B | +1% | +55% |
| Net earnings | $4.1B | -17% | — |
| Operating cash flow | $7.2B | +9% | +44% |
| Free cash flow | $7.0B | +10% | +47% |
What changed
Revenue was $16.0B in Q3 FY25, up 22% year over year and up 6% from the previous quarter. Products was the largest line at 58% of revenue. Products added $1.8B year over year (up 24%), 63% of the total change.
Gross margin was 67.1%, up 3.2 points from a year earlier. Operating profit was $5.9B, a 36.9% margin (up 7.9 points year over year). Of the extra revenue versus a year earlier, 73% reached operating profit, above the 29% margin then. Operating expenses grew 5% against revenue growth of 22%. The fastest-growing cost line was Research & development (+30%). Net earnings were $4.1B. The effective tax rate was 21.7%.
Operating cash flow was $7.2B (up 44% year over year), 173% of net earnings. Non-cash charges added back $2.2B of depreciation and amortization and $2.3B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.14B left free cash flow of $7.0B.
Questions
What was Broadcom's revenue in the third quarter fiscal 2025?
Broadcom (AVGO) reported revenue of $16.0B for the third quarter fiscal 2025 (Q3 FY25), +22% from a year earlier and +6% from the quarter before.
Was Broadcom profitable in the third quarter fiscal 2025?
Operating profit was $5.9B (36.9% of revenue) and net earnings $4.1B.
Source: Broadcom 10-Q on SEC EDGAR.