Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing and networking, with custom AI accelerators now accounting for the bulk of the business.
It is a $1.73T technology company. Revenue grew 48.7% over the last year, it keeps 43¢ of every dollar of sales as profit, and its net debt equals ~1.2 years of free cash flow. It trades at 45.1× earnings — around the middle of its own history.
- Website
- broadcom.com
- Location
- Palo Alto, CA
- Employees
- 33 000
- Sector
- Technology
- Founded
- 1991
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth and profitability; Valuation lags behind.
Valuation27
- P/E vs own history47th pct · 12/25
- FCF yield2.3% · 5/25
- P/S19.4x · 5/25
- EV/EBITDA39.3x · 5/25
Growth100
- Revenue CAGR23.5% · 25/25
- Net income CAGR37.7% · 25/25
- EPS CAGR ~5Y49.8% · 25/25
- Fwd implied growth137.3% · 25/25
Profitability95
- ROIC17.8% · 20/25
- ROE43.9% · 25/25
- Net margin42.9% · 25/25
- Operating margin48.0% · 25/25
Health55
- Altman Zn/a · 0/25
- Current ratio2.50 · 25/25
- Interest coverage8.9x · 18/25
- Net cash / debtD/A 29% · 12/25
Quality74
- Piotroski F8/9 · 25/25
- Beneish M-2.11 · 12/25
- FCF conversion103% · 25/25
- Margin stabilityσ 14.2% · 12/25
Moat74
- ROIC >12% years4/9 yrs · 6/25
- Median gross margin61.4% · 25/25
- FCF-positive years9/9 yrs · 25/25
- Worst-year net marginworst 9.6% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$23.1B net income
- FY2024FinancialRevenue crossed $50B$51.6B for the year
- 2024MilestoneBecame the AI networking playcustom AI chips + networking took the market cap past $1T
- Nov 22, 2023AcquisitionAcquired VMware$69B — one of the largest tech deals ever
- 2019AcquisitionAcquired Symantec's enterprise arm$10.7B deeper into infrastructure software
- FY2017FinancialProfitable every year on record9 consecutive profitable years in our data
- FY2017FinancialRevenue already above $10B$17.6B in first reported year
- FY2017FinancialPositive free cash flow every year since9-year streak
- Feb 1, 2016AcquisitionAcquired Broadcom Corp$37B — took the name, doubled the size
- 2013ProductMore specifically, Broadcom would provide Bluetooth connectivity for Wii's controller
- 2011AcquisitionBroadcom bought NetLogic Microsystems for a deal of $3.7 billion in cash, excluding around $450…
- Aug 6, 2009IPOIPO as Avagolisted on Nasdaq at $15 per share
- 2009MilestoneBroadcom first landed on the Fortune 500 in 2009, and climbed to spot #327 in 2013
- 2002ProductBroadcom authored its own VoIP codecs in 2002, and released them as open source with the LGPL license in 2009
- 2001AcquisitionBroadcom Corporation acquired ServerWorks Corporation, a maker of chipsets for IA-32-based servers, in 2001 for $957…
- 1998MilestoneBroadcom became a public company on the NASDAQ exchange (ticker symbol: BRCM) and employs about 11,750…
- 1991FoundedRoots in HP's components divisionspun out via Agilent as Avago Technologies in 2005
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (68.8%)
- Strongly profitable — 42.9% net margin
- Revenue growing 48.7% year over year
- Strong cash conversion — FCF is 44.2% of revenue
- Interest covered 8.9× by operating earnings
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+48.7% YoY
- Profitable — makes more than it spends$38.3B TTM
- Profit growing — earnings are higher than last year+20.6% YoY
- Generates cash — cash left after running and investing$39.4B TTM
- Debt under control — could handle its obligations~1.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$1.73T market cap
- Not printing shares — share count not ballooning — you keep your slice+15.3% shares over ~5y
- Proven track record — years of profitability behind it9/9 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersyield 0.70%
- Valuation not extreme — price not wildly above earningsP/E 45.1
Peer comparisonBroadcom Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| AVGO this company | $1.7T | 45.1 | +48.7% | 42.9% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: AVGO vs NVDA · AVGO vs AAPL · AVGO vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2017–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/AVGO
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Deeper analysis of AVGO on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $362.40 · market cap $1.73T.