Broadcom is being spotlighted in a Motley Fool piece projecting it could reach $638 by 2028 amid surging AI spending and hyperscaler chip partnerships, a valuation-driven catalyst for investor repositioning.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $63.89B | $51.57B | $35.82B | $33.20B | $27.45B | $23.89B | $22.60B | $20.85B |
| Cost of Revenue | $20.59B | $19.07B | $11.13B | $11.11B | $10.61B | $10.37B | $10.11B | $10.12B |
| Gross Profit | $43.29B | $32.51B | $24.69B | $22.09B | $16.84B | $13.52B | $12.48B | $10.73B |
| Gross Margin | 67.77% | 63.03% | 68.93% | 66.55% | 61.36% | 56.58% | 55.24% | 51.48% |
| Operating Expenses | $17.81B | $19.05B | $8.48B | $7.87B | $8.32B | $9.50B | $9.04B | $5.60B |
| Operating Income | $25.48B | $13.46B | $16.21B | $14.22B | $8.52B | $4.01B | $3.44B | $5.13B |
| Operating Margin | 39.89% | 26.10% | 45.25% | 42.84% | 31.03% | 16.80% | 15.24% | 24.63% |
| Net Income | $23.13B | $5.89B | $14.08B | $11.49B | $6.74B | $2.96B | $2.72B | $12.26B |
| Net Margin | 36.20% | 11.43% | 39.31% | 34.62% | 24.54% | 12.39% | 12.05% | 58.80% |
| EPS (Basic) | $4.91 | $1.27 | $3.39 | $2.74 | $1.57 | $0.66 | $0.68 | $2.93 |
| EBITDA | $34.71B | $23.88B | $20.55B | $19.16B | $14.69B | $11.13B | $9.45B | $9.23B |
| Stock Option Compensation Expense | $7.57B | $5.74B | $2.17B | $1.53B | $1.70B | $1.98B | $2.19B | $1.23B |
| Price To Earnings Ratio | 73.87 | 132.21 | 24.79 | 16.73 | 32.14 | 47.71 | 44.56 | 7.50 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $1.71T | $779.38B | $349.14B | $192.27B | $216.52B | $141.22B | $121.39B | $92.00B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $171.09B | $165.65B | $72.86B | $73.25B | $75.57B | $75.93B | $67.49B | $50.12B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $89.80B | $97.97B | $48.87B | $50.54B | $50.58B | $52.03B | $42.52B | $23.47B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $81.29B | $67.68B | $23.99B | $22.71B | $24.99B | $23.90B | $24.97B | $26.66B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $81.29B | $67.68B | $23.99B | $22.71B | $24.99B | $23.90B | $24.97B | $26.66B |
| Total Liabilities & Stockholders Equity | $171.09B | $165.65B | $72.86B | $73.25B | $75.57B | $75.93B | $67.49B | $50.12B |
| Book Value Per Share | $17.25 | $14.64 | $5.78 | $5.55 | $6.09 | $5.95 | $6.27 | $6.38 |
| Tangible Book Value Per Share | $-10.35 | $-15.31 | $-5.67 | $-6.85 | $-7.28 | $-9.04 | $-7.36 | $-2.64 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 13.52% | 3.56% | 19.33% | 15.69% | 8.91% | 3.90% | 4.04% | 24.46% |
| Return on Equity | 28.45% | 8.71% | 58.70% | 50.62% | 26.96% | 12.38% | 10.91% | 45.99% |
| Return on Invested Capital | 16.36% | 5.57% | 22.52% | 19.71% | 12.18% | 5.69% | 5.43% | 10.75% |
| Quick Ratio | 1.58 | 1.07 | 2.56 | 2.35 | 2.43 | 1.71 | 1.31 | 3.41 |
| Current Ratio | 1.71 | 1.17 | 2.82 | 2.62 | 2.64 | 1.87 | 1.44 | 3.90 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $23.13B | $5.89B | $14.08B | $11.49B | $6.74B | $2.96B | $2.72B | $12.26B |
| Depreciation | $8.78B | $10.01B | $3.83B | $4.98B | $6.04B | $6.91B | $5.78B | $4.06B |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $27.54B | $19.96B | $18.09B | $16.74B | $13.76B | $12.06B | $9.70B | $8.88B |
| Capital Expenditures | $623.00M | $548.00M | $452.00M | $424.00M | $443.00M | $463.00M | $432.00M | $635.00M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $11.14B | $9.81B | $7.64B | $7.03B | $6.21B | $5.53B | $4.24B | $3.00B |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $6.31B | $12.39B | $7.68B | $8.46B | $1.30B | $765.00M | $6.41B | $7.26B |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $26.91B | $19.41B | $17.63B | $16.31B | $13.32B | $11.60B | $9.27B | $8.24B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Broadcom Inc. is a prominent global technology enterprise focused on the innovation, development, and supply of advanced semiconductor solutions and critical infrastructure software. The company's headquarters are situated in San Jose, California, and it maintains a significant team of 19,000 full-time staff. Its operations are segmented into four primary divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. Broadcom’s diverse product range is integrated into numerous end-user technologies, including enterprise and data center networking, residential internet solutions, digital television receivers, telecommunications apparatus, mobile phones, data center servers and storage architectures, industrial automation, alternative and power generation systems, and electronic display technologies. The company's product offerings extend from fundamental discrete components to intricate sub-systems incorporating various device categories. This also encompasses specialized firmware designed to facilitate interaction between analog and digital systems, alongside mechanical hardware engineered to connect with optoelectronic or capacitive sensing technologies.
Why it moved over time
Broadcom CEO Hock Tan reaffirmed fiscal‑2027 AI semiconductor revenue above $100 billion after Q2 AI revenue rose 143% to $10.8 billion, giving fresh management guidance likely driving market interest.
Key fact: Hock Tan reiterated fiscal 2027 AI semiconductor revenue should be in excess of $100 billion; Q2 AI semiconductor revenue was $10.8 billion, up 143% year over year.
fool.com: Hock Tan Reaffirmed Broadcom's $100 Billion AI Forecast. Six Customers Carry Nearly All of It.Shares ticked down amid coverage highlighting Broadcom's booming AI-chip revenue and free cash flow, plus Alphabet's raised 2026 data-center capex that should boost Broadcom's AI-chip demand.
Key fact: Alphabet raised its 2026 data-center capital expenditure guidance to $195–205 billion (up from $175–185 billion).
The Motley Fool: Prediction: 3 Unstoppable Artificial Intelligence (AI) Stocks That Will Join the $2 Trillion Club by 2027 (Hint: Not SpaceX)