Broadcom annual reports

Broadcom AVGO

Broadcom fiscal 2025 annual report

Fiscal 2025 (ended Nov 2, 2025) · Filed Dec 18, 2025Original

An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.

How much did Broadcom sell in fiscal 2025?

As stated in annual reports · fiscal 2021–2025

Fiscal 2025 revenue

$63.9B+23.9% vs prior year

Net income $23.1B · 36.2% of revenue

Broadcom revenue and net income by fiscal year
Broadcom revenue and net income by fiscal year
Fiscal yearRevenueNet income
2021$27.5B$6.7B
2022$33.2B$11.5B
2023$35.8B$14.1B
2024$51.6B$5.9B
2025$63.9B$23.1B
Fiscal 2025 (ended Nov 2, 2025) · Filed Dec 18, 2025Whalegun
Revenue
$63.9B
+23.9% vs prior year
Operating income
$25.5B
39.9% of revenue
Net income
$23.1B
+292.3% vs prior year
Diluted EPS
$4.77
Operating cash flow
$27.5B
Free cash flow
$26.9B

Key points the company states

Broadcom sells semiconductors and infrastructure software, with AI data center chips at the center

  • Broadcom has two segments: semiconductor solutions and infrastructure software.
  • Semiconductors serve five end markets: networking, wireless, servers and storage, broadband and industrial.
  • Key AI data center products are custom accelerators (XPUs), Ethernet switching silicon and NICs.

Broadcom's fiscal 2025 net revenue rose 24% to $63,887 million, led by AI semiconductors and VCF software

  • Net revenue rose 24% to $63,887 million, from $51,574 million in fiscal 2024.
  • Semiconductor solutions revenue rose 22% to $36,858 million; infrastructure software rose 26% to $27,029 million.
  • The company attributes semiconductor growth to demand for custom AI accelerators and AI networking products.