Single source: Broadcom Inc. Form 10-K for the fiscal year ended November 2, 2025, signed on December 18, 2025. Figures in US$ millions unless otherwise stated. FY2025 = 52 weeks, FY2024 = 53 weeks, FY2023 = 52 weeks (Note 1). Abbreviations: IS = Consolidated Statements of Operations; BS = Consolidated Balance Sheets; CF = Consolidated Statements of Cash Flows; SE = Statements of Stockholders' Equity; MD&A = Item 7.
| Item | FY2025 | FY2024 | FY2023 | Source |
|---|---|---|---|---|
| Revenue – Products | 44,847 | 34,960 | 28,949 | IS, Products |
| Revenue – Subscriptions and services | 19,040 | 16,614 | 6,870 | IS, Subscriptions and services |
| Total revenue | 63,887 | 51,574 | 35,819 | IS, Total net revenue |
| Cost of products sold | 12,115 | 9,805 | 8,641 | IS |
| Cost of subscriptions and services | 2,371 | 2,983 | 631 | IS |
| Amortization of intangibles (in cost of revenue) | 6,031 | 6,023 | 1,853 | IS |
| Restructuring (in cost of revenue) | 76 | 254 | 4 | IS |
| Total cost of revenue | 20,593 | 19,065 | 11,129 | IS, Total cost of revenue |
| Gross profit | 43,294 | 32,509 | 24,690 | IS, Gross margin |
| Research and development | 10,977 | 9,310 | 5,253 | IS |
| Selling, general and administrative | 4,211 | 4,959 | 1,592 | IS |
| Amortization of intangibles (operating expenses) | 2,031 | 3,244 | 1,394 | IS |
| Restructuring and other charges | 591 | 1,533 | 244 | IS |
| Total operating expenses | 17,810 | 19,046 | 8,483 | IS |
| Operating income | 25,484 | 13,463 | 16,207 | IS, Operating income |
| Interest expense | (3,210) | (3,953) | (1,622) | IS, Interest expense |
| Other income, net (of which interest income) | 455 (347) | 406 (461) | 512 (535) | IS; Note 5, Other Income |
| Pre-tax income | 22,729 | 9,916 | 15,097 | IS |
| Income taxes (benefit) | (397) | 3,748 | 1,015 | IS |
| Income from continuing operations | 23,126 | 6,168 | 14,082 | IS |
| Loss from discontinued operations | — | (273) | — | IS |
| Net income attributable to the group | 23,126 | 5,895 | 14,082 | IS, Net income |
| Basic EPS (US$) | 4.91 | 1.27 | 3.39 | IS |
| Diluted EPS (US$) | 4.77 | 1.23 | 3.30 | IS |
| Weighted-average basic shares (mn) | 4,712 | 4,624 | 4,149 | IS; Note 8 |
| Weighted-average diluted shares (mn) | 4,853 | 4,778 | 4,272 | IS; Note 8 |
| Total amortization of intangibles | 8,062 | 9,267 | 3,247 | Note 13, Unallocated expenses |
| Depreciation | 574 | 593 | 502 | Note 5; CF |
| Stock-based compensation (SBC) | 7,568 | 5,670 (CF: 5,741) | 2,171 | Note 11; CF. The FY2024 CF figure includes discontinued operations |
| Effective tax rate | −1.7% | 37.8% | 6.7% | Note 12 |
| Item | FY2025 | FY2024 | FY2023 | Source |
|---|---|---|---|---|
| Shares outstanding at the cover date | 4,741,273,799 at 11/28/2025 | — | — | Cover page |
| Shares issued at fiscal year-end (mn) | 4,741 | 4,686 | 4,139 | BS; SE |
| Cash and cash equivalents | 16,178 | 9,348 | 14,189 | BS; CF |
| Marketable securities (separate line) | not available | not available | not available | — |
| Short-term debt | 3,152 | 1,271 | not available | BS |
| Long-term debt (net of discount and costs) | 61,984 | 66,295 | not available | BS |
| Principal debt (senior notes + term loans) | 67,120 | 69,847 | not available | Note 10 |
| of which senior notes | 65,370 | 56,252 | — | Note 10 |
| of which term loans | 1,750 | 13,595 | — | Note 10 |
| Finance leases | 0 | 39 | — | Note 10 |
| Operating lease liabilities | 1,325 | 1,350 | — | Note 6 |
| Stockholders' equity | 81,292 | 67,678 | 23,988 | BS; SE |
| Non-controlling interests | none on the balance sheet | none | none | BS |
| Goodwill | 97,801 | 97,873 | 43,653 | BS; Note 7 |
| Intangible assets, net | 32,273 | 40,583 | not available | BS |
| Trade accounts receivable | 7,145 | 4,416 | not available | BS |
| Contract assets | 8,922 | 4,402 | not available | Note 3 |
| Contract liabilities | 13,016 | 14,495 | not available | Note 3 |
| Operating cash flow | 27,537 | 19,962 | 18,085 | CF |
| Capex | (623) | (548) | (452) | CF |
| Cash paid for income taxes | 2,589 | 3,155 | 1,782 | CF, supplemental |
| Cash paid for interest | 2,672 | 3,250 | 1,503 | CF, supplemental |
| Buybacks (program) | (2,450) | (7,176) | (5,824) | CF |
| Shares withheld for tax withholdings | (3,860) | (5,216) | (1,861) | CF |
| Dividends paid | (11,142) | (9,814) | (7,645) | CF; Note 11 |
| Dividend per share (US$) | 2.360 | 2.105 | 1.840 | Note 11 |
| Receivables sold under factoring | 7,401 | 5,900 | 3,975 | Note 5 |
| Employees | approx. 33,000 | not available | not available | Item 1, Employees |
| Item | FY2025 | FY2024 | FY2023 | Source |
|---|---|---|---|---|
| Semiconductor solutions revenue | 36,858 | 30,096 | 28,182 | Note 13 |
| Infrastructure software revenue | 27,029 | 21,478 | 7,637 | Note 13 |
| Semiconductor solutions operating income | 21,232 | 16,759 | 16,486 | Note 13 |
| Infrastructure software operating income | 20,765 | 13,977 | 5,639 | Note 13 |
| Unallocated expenses | (16,513) | (17,273) | (5,918) | Note 13 (sum of 4 items) |
| Cost of revenue Semiconductor / Software | 11,740 / 1,902 | 9,809 / 2,306 | 8,447 / 615 | Note 13 |
| Americas revenue | 18,939 | 14,970 | 8,279 | Note 3 |
| Asia Pacific revenue | 35,896 | 28,422 | 23,920 | Note 3 |
| EMEA revenue | 9,052 | 8,182 | 3,620 | Note 3 |
| United States revenue | 16,506 | 12,887 | 6,975 | Note 13, Geographic |
| China (incl. Hong Kong) revenue | 11,155 | 10,483 | 11,533 | Note 13 |
| Singapore revenue | 10,796 | 9,559 | 4,479 | Note 13 |
| Taiwan revenue | 6,451 | below 10%, included in Other | below 10%, included in Other | Note 13 |
| Other countries revenue | 18,979 | 18,645 | 12,832 | Note 13 |
| Check | FY2025 | FY2024 | FY2023 | Result |
|---|---|---|---|---|
| Gross profit = revenue − cost of revenue | 63,887 − 20,593 = 43,294 | 51,574 − 19,065 = 32,509 | 35,819 − 11,129 = 24,690 | ties |
| Operating income = gross profit − operating expenses | 43,294 − 17,810 = 25,484 | 32,509 − 19,046 = 13,463 | 24,690 − 8,483 = 16,207 | ties |
| Pre-tax = op. income − interest + other income | 25,484 − 3,210 + 455 = 22,729 | 13,463 − 3,953 + 406 = 9,916 | 16,207 − 1,622 + 512 = 15,097 | ties |
| Pre-tax − taxes = net income | 22,729 + 397 = 23,126 | 9,916 − 3,748 − 273 (discontinued) = 5,895 | 15,097 − 1,015 = 14,082 | ties |
| Sum of segments = revenue | 36,858 + 27,029 = 63,887 | 30,096 + 21,478 = 51,574 | 28,182 + 7,637 = 35,819 | ties, no residual |
| Sum of regions (Note 3) = revenue | 18,939 + 35,896 + 9,052 = 63,887 | 14,970 + 28,422 + 8,182 = 51,574 | 8,279 + 23,920 + 3,620 = 35,819 | ties |
| Sum of countries (Note 13) = revenue | 16,506 + 11,155 + 10,796 + 6,451 + 18,979 = 63,887 | 12,887 + 10,483 + 9,559 + 18,645 = 51,574 | 6,975 + 11,533 + 4,479 + 12,832 = 35,819 | ties |
| Percentages sum to 100% | products/services 70.2% + 29.8%; segments 57.7% + 42.3% | segments 58.4% + 41.6% | segments 78.7% + 21.3% | ties |
| Gross debt = sum of items | 65,370 + 1,750 = 67,120 principal; 3,152 + 61,984 = 65,136 carrying (difference 1,984 = discount and costs) | 56,252 + 13,595 = 69,847; 1,271 + 66,295 = 67,566 | not available | ties |
| Sum of individual senior notes (42 issues) | 65,370 | — | — | ties |
| Operating cash flow − capex = FCF | 27,537 − 623 = 26,914 | 19,962 − 548 = 19,414 | 18,085 − 452 = 17,633 | ties |
| Segments − unallocated = operating income | 21,232 + 20,765 − 16,513 = 25,484 | 16,759 + 13,977 − 17,273 = 13,463 | 16,486 + 5,639 − 5,918 = 16,207 | ties |
| Unallocated expenses = sum of items | 8,062 + 7,568 + 667 + 216 = 16,513 | 9,267 + 5,670 + 1,787 + 549 = 17,273 | 3,247 + 2,171 + 248 + 252 = 5,918 | ties |
| Change in shares = issued − repurchased − withheld | 4,686 + 88 − 16 − 17 = 4,741 | — | — | ties |
Market data external to the document, supplied with the assignment: FY2025 closing price of US$369.63, referenced to 11/2/2025; 4,741,273,799 shares outstanding at 11/28/2025 (matching the 10-K cover page).
Market capitalization = 369.63 × 4,741,273,799 = US$1,752,517 million (US$1,752.5 billion).
The currency is the US dollar, the same as the financial statements. November 2, 2025 is a Sunday: the document states that the fiscal year ends "on the Sunday closest to October 31", so the closing price supplied corresponds to the last trading session, which the document does not identify.