Broadcom Inc

Broadcom Inc

AVGO

Get informed when a big investor buys or sells

+ Follow
Market Cap$1.82T
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Broadcom IncBroadcom Inc61.90.65%33%26.30.7

Earnings Call Q2 2026

June 3, 2026 - AI Summary

Q2 headline results were extremely strong (and margins held up): Total revenue reached a record ~$22.2B, up 48% YoY, driven by AI semiconductors. Operating margin ~67% (record) and Adjusted EBITDA ~$15.2B (~69% of revenue), both above guidance. Free cash flow ~$10.3B (46% of revenue)—also a record. - Good: strong profitability + cash generation alongside rapid revenue scaling - Surprising/nuanced: gross margin eased (to ~77.1%, down ~32 bps YoY) even though operating margin improved, suggesting mix effects rather than structural deterioration.
AI semiconductor momentum is the core growth engine; backlog/bookings indicate lead-time-driven demand: Semiconductor revenue was ~$15B (+79% YoY). AI semiconductor revenue was ~$10.8B (+143% YoY), above outlook. AI bookings ~$30B vs $10.8B shipped (very large bookings/ship ratio), implying customers are placing orders early due to manufacturing/HBM/power/interconnect lead times. Visibility reportedly extends to 2028 (vs closer in prior quarters). - Opportunity: large near-term and out-year supply planning credibility - Risk to watch: bookings can be sensitive to execution/power/networking readiness; large lead times can also mean timing risk.
Forward guidance is aggressive and clearly AI-led (Q3 + full-year + 2027): - Q3 2026 consolidated revenue: ~$29.4B (+84% YoY) - Q3 semiconductor: ~$20.5B (+124% YoY); Q3 AI semis: ~$16B (+200%+ YoY) - Q3 infrastructure software: ~$8.9B (+31% YoY) - Q3 margins: Operating margin guided to ~67% (stable), but gross margin ~74% (down) due to mix shift as AI semiconductor share rises - FY2026 AI semiconductor revenue: ~$56B (~180% growth vs FY25) - FY2027 AI semiconductor revenue: reiterated “in excess of $100B” with ~10 GW shipment expectation; management expects continued acceleration with back-half loading in 2027. - Good: tight operating margin stability despite mix headwinds - Negative/mix risk: gross margin pressure is acknowledged as likely to persist with AI mix.

Exclusive for Stockcircle Pro members

Sign upSign Up
$504.13

Target Price by Analysts

28% upsideBroadcom Target Price DetailsTarget Price
$195.43

Current Fair Value

50.4% downside

Overvalued by 50.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$1.82 Trillion
Enterprise Value$1.86 Trillion
Dividend Yield$2.48 (0.65%)
Earnings per Share$4.91
Beta1.43
Outstanding Shares4,747,000,000

Return

Return on Equity33.43%ROE
Return on Assets16.36%
Return on Invested Capital20.65%

Valuation & Multiples

P/E Ratio61.86P/E Ratio
PEG70.69PEG
Price to Sales26.26Price to Sales
Price to Book Ratio21.89Price to Book Ratio
Enterprise Value to Revenue24.69
Enterprise Value to EBIT56.28
Enterprise Value to Net Income63
Total Debt to Enterprise0.03
Debt to Equity0.74Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 4, 2026
EPS Estimate
$2.40
Average shareholder expectation
Revenue Estimate
$22.02 B
Average shareholder expectation

Next Earnings Call

Expected Date
September 3, 2026
EPS Estimate
$3.22
Average shareholder expectation
Revenue Estimate
$29.21 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.5746 12.34%
Total Calls52,026,718 0.21%
Total Puts81,920,526 8.73%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %75.66% 1.65%
Total Invested$1109.79B 12.06%
Investors Holding4,845 52.00%

ESG Score

No data

About Broadcom Inc

CEO: Hock Tan

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, R&D credits, and capital investment policies crucial for Broadcom.

Finance

This powerful committee controls taxation and trade policy. Its decisions on corporate tax rates, R&D credits, and tariffs directly impact Broadcom's profitability, global supply chain, and market access.

Appropriations

This committee directly allocates federal spending. Its subcommittees determine the precise funding for defense programs, scientific research, and infrastructure projects that often require Broadcom's products.

Judiciary

This committee oversees antitrust laws and intellectual property. Its decisions on mergers and acquisitions, and its role in protecting IP, are highly critical for a large tech company like Broadcom.

Armed Services

This committee authorizes the annual NDAA, which determines spending for defense programs and R&D for military technologies that heavily utilize Broadcom's semiconductors and software.

Select Committee on Intelligence

Broadcom's advanced chips and software are critical components in defense, cybersecurity, and intelligence systems. Members receive classified briefings that could directly impact demand or strategic direction for such technologies.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, telecommunications, and 'Big Tech'. It directly impacts Broadcom through regulations on networking, communications infrastructure, and technology standards.

Foreign Relations

The global semiconductor industry is heavily impacted by U.S. foreign policy, sanctions, and export controls (e.g., on advanced chips). This committee's actions directly influence Broadcom's market access and supply chain stability.