Filing Flows › Broadcom (AVGO) › Q3 FY26 › vs Q2 FY26
Broadcom (AVGO) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Broadcom's revenue rose $7.4B (+33%) from $22.2B in Q2 FY26 to $29.6B in Q3 FY26. The biggest changes: Products +$7.4B (+44%); Subscriptions and services +$17.0M (+0.3%). Gross margin 69.1% against 69.5% (-0.3 pts).
Broadcom, Q3 FY26: revenue $29.6B (+86% year over year), operating margin 53.9%, net earnings $13.1B, operating cash flow $14.2B. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 69.1% | 69.5% | -0.3 pts |
| Operating margin | 53.9% | 48.6% | +5.3 pts |
| Net margin | 44.2% | 42.0% | +2.3 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Products | $24.3B | $16.9B | $7.4B | +44% |
| Subscriptions and services | $5.3B | $5.3B | $17.0M | +0.3% |
| Revenue | $29.6B | $22.2B | $7.4B | +33% |
| Gross profit | $20.5B | $15.4B | $5.0B | +33% |
| Cost of revenue | $9.1B | $6.8B | $2.4B | +35% |
| Operating profit | $16.0B | $10.8B | $5.2B | +48% |
| Operating expenses | $4.5B | $4.6B | −$126M | -3% |
| Pre-tax earnings | $15.3B | $10.1B | $5.1B | +51% |
| Other expense, net | $680M | $658M | $22.0M | +3% |
| Research & development | $2.9B | $3.0B | −$100M | -3% |
| SG&A | $996M | $1.1B | −$59.0M | -6% |
| Other operating costs | $610M | $577M | $33.0M | +6% |
| Net earnings | $13.1B | $9.3B | $3.8B | +41% |
| Income tax | $2.2B | $820M | $1.4B | +167% |
| Depreciation & amortization | $2.2B | $2.1B | $47.0M | +2% |
| Share-based compensation | $2.0B | $2.1B | −$73.0M | -3% |
| Working capital & other | $3.1B | $3.0B | $48.0M | +2% |
| Operating cash flow | $14.2B | $10.5B | $3.7B | +35% |
Questions
How much did Broadcom's revenue grow quarter over quarter in Q3 FY26?
Broadcom's revenue rose $7.4B (+33%) from $22.2B in Q2 FY26 to $29.6B in Q3 FY26.
What drove Broadcom's revenue change in Q3 FY26?
Products +$7.4B (+44%); Subscriptions and services +$17.0M (+0.3%).