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Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,533,500 shares of the semiconductor manufacturer’s stock, valued at approximately $579,280,000. Broadcom comprises approximately 1.1% of Connor Clark & Lunn Investment Management Ltd.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Broadcom during the fourth quarter worth about $24,252,196,000. Bank of New York Mellon Corp purchased a new stake in Broadcom in the 2nd quarter worth approximately $10,528,191,000. Deutsche Bank AG purchased a new stake in Broadcom in the 2nd quarter worth approximately $5,661,216,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $4,457,583,000. Finally, Cardano Risk Management B.V. lifted its stake in shares of Broadcom by 895.2% in the 4th quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after purchasing an additional 11,414,701 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Trending Headlines about Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position Insider Activity at Broadcom In related news, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Brazeal sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last ninety days. Insiders own 1.90% of the company’s stock. Wall Street Analyst Weigh In Several analysts recently commented on the stock. Raymond James Financial restated an “outperform” rating and set a $475.00 price target (up from $450.00) on shares of Broadcom in a research report on Thursday. Rosenblatt Securities initiated coverage on Broadcom in a research report on Thursday. They set a “buy” rating and a $600.00 target price on the stock. Zacks Research lowered Broadcom from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Truist Financial lowered their price target on Broadcom from $550.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada initiated coverage on Broadcom in a report on Thursday. They issued an “outperform” rating on the stock. Thirty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $501.77.

View Our Latest Stock Analysis on AVGO

Broadcom Trading Down 2.7% Shares of AVGO opened at $357.16 on Friday. The firm has a 50-day moving average price of $383.71 and a 200 day moving average price of $377.36. The firm has a market capitalization of $1.70 trillion, a P/E ratio of 45.61, a P/E/G ratio of 0.70 and a beta of 1.44. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.The company had revenue of $29.59 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the business posted $1.69 earnings per share. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. Sell-side analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is currently 43.33%.

Broadcom Company Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

See Also Five stocks we like better than Broadcom The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

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Asset One Wealth Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,032 shares of the semiconductor manufacturer’s stock, valued at approximately $9,475,000. Broadcom accounts for about 1.0% of Asset One Wealth Management LLC’s portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $92,522,000. Bank of America Corp DE lifted its holdings in Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in Broadcom during the 2nd quarter valued at $3,302,000. Bartlett & CO. Wealth Management LLC boosted its position in Broadcom by 129.3% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock worth $34,061,000 after purchasing an additional 62,050 shares during the period. Finally, First Bank & Trust boosted its position in Broadcom by 17.2% during the second quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock worth $3,968,000 after purchasing an additional 1,545 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position Analysts Set New Price Targets Several equities analysts have recently weighed in on AVGO shares. Cantor Fitzgerald increased their price objective on shares of Broadcom from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna reaffirmed a “positive” rating and set a $490.00 target price (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Broadcom in a research note on Monday, August 3rd. BMO Capital Markets increased their price target on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho raised their price objective on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Thirty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $501.77. Check Out Our Latest Stock Analysis on Broadcom

Broadcom Price Performance NASDAQ:AVGO opened at $357.16 on Friday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 0.70 and a beta of 1.44. The firm’s 50-day simple moving average is $383.71 and its 200 day simple moving average is $377.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 50.76%. The firm had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the previous year, the firm posted $1.69 EPS. The business’s revenue for the quarter was up 85.5% compared to the same quarter last year. As a group, sell-side analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.60 annualized dividend and a yield of 0.7%. Broadcom’s payout ratio is currently 43.33%.

Insider Buying and Selling In related news, Director Harry L. You bought 1,000 shares of Broadcom stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director owned 38,466 shares in the company, valued at $14,369,743.62. This trade represents a 2.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares in the company, valued at $6,514,884.36. The trade was a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Company Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

Read More Five stocks we like better than Broadcom The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.

Elefante Mark B purchased a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,597 shares of the semiconductor manufacturer’s stock, valued at approximately $2,114,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its position in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock worth $6,882,000 after buying an additional 5,322 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares during the period. United Bank lifted its position in Broadcom by 76.5% during the first quarter. United Bank now owns 2,339 shares of the semiconductor manufacturer’s stock valued at $392,000 after purchasing an additional 1,014 shares during the period. Sivia Capital Partners LLC boosted its holdings in Broadcom by 10.1% in the second quarter. Sivia Capital Partners LLC now owns 12,693 shares of the semiconductor manufacturer’s stock worth $3,499,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Capital & Planning LLC boosted its holdings in Broadcom by 10.5% in the second quarter. Capital & Planning LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $1,098,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling In other Broadcom news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justine Page sold 1,602 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the transaction, the director owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

Broadcom Trading Down 2.7% NASDAQ:AVGO opened at $357.16 on Friday. Broadcom Inc. has a one year low of $289.96 and a one year high of $495.00. The business has a fifty day moving average price of $383.71 and a 200-day moving average price of $377.36. The firm has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 0.70 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business earned $1.69 earnings per share. Broadcom’s quarterly revenue was up 85.5% compared to the same quarter last year. Sell-side analysts forecast that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom’s payout ratio is 43.33%.

Analyst Upgrades and Downgrades A number of brokerages have weighed in on AVGO. Wells Fargo & Company reiterated an “overweight” rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a research note on Thursday, May 14th. Dbs Bank upgraded Broadcom to a “moderate buy” rating in a research note on Thursday, June 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a report on Tuesday, July 7th. Lake Street Capital raised Broadcom to a “buy” rating in a report on Thursday. Finally, Bank of America raised their target price on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Thirty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $501.77.

View Our Latest Research Report on AVGO

Key Headlines Impacting Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position About Broadcom (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

Featured Stories Five stocks we like better than Broadcom The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.

Blue Whale Capital LLP acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 530,478 shares of the semiconductor manufacturer’s stock, valued at approximately $200,388,000. Broadcom comprises about 6.4% of Blue Whale Capital LLP’s portfolio, making the stock its 5th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. ROSS JOHNSON & Associates LLC boosted its holdings in Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Networth Advisors LLC grew its position in Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. SWAN Capital LLC increased its stake in Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 55 shares during the last quarter. Harborfront Financial Group LLC bought a new position in shares of Broadcom during the 2nd quarter worth approximately $38,000. Finally, Cherry Tree Wealth Management LLC lifted its position in shares of Broadcom by 44.9% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after buying an additional 40 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets A number of equities analysts have recently weighed in on AVGO shares. Susquehanna restated a “positive” rating and issued a $490.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, May 28th. Fox Advisors upgraded Broadcom to an “outperform” rating in a report on Thursday. UBS Group cut Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp restated an “overweight” rating and issued a $575.00 price objective on shares of Broadcom in a research note on Thursday. Finally, Evercore set a $578.00 target price on Broadcom in a research report on Thursday. Thirty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.77.

View Our Latest Analysis on AVGO Broadcom Trading Down 2.7% Shares of AVGO stock opened at $357.16 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.70 trillion, a P/E ratio of 45.61, a PEG ratio of 0.70 and a beta of 1.44. The company has a 50 day moving average of $383.71 and a 200-day moving average of $377.36. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 50.76% and a net margin of 42.94%.The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the business earned $1.69 earnings per share. Broadcom’s revenue for the quarter was up 85.5% on a year-over-year basis. Sell-side analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year.

Broadcom Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Broadcom’s dividend payout ratio is currently 43.33%.

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.6 billion, up 86% year over year, and non-GAAP EPS of $3.32, exceeding estimates of $29.43 billion and $3.22. AI semiconductor revenue surged 221% to $16.7 billion, while free cash flow reached $13.7 billion. Broadcom fiscal third-quarter results Positive Sentiment: Management raised its fiscal 2027 AI revenue outlook to $115 billion and projected $230 billion in fiscal 2028, alongside confidence in fiscal 2027 EPS of at least $30. Analysts including Macquarie, Cantor Fitzgerald, BMO and Rosenblatt responded with upgrades or higher price targets, supporting the long-term AI investment case. Broadcom AI growth outlook Neutral Sentiment: Broadcom declared a quarterly dividend of $0.65 per share, payable September 30 to shareholders of record September 21. The dividend provides modest income but is unlikely to drive the stock’s near-term performance. Broadcom dividend announcement Negative Sentiment: Fiscal fourth-quarter revenue guidance of approximately $34.8 billion was below Wall Street’s roughly $35.0 billion expectation. Investors viewed the outlook as insufficient given AVGO’s premium valuation and elevated AI expectations, overshadowing the earnings beat. Broadcom forecasts quarterly revenue below estimates Negative Sentiment: Investors are also weighing supply constraints involving power, land, chips and substrates, along with customer concentration among major hyperscalers such as Alphabet, Anthropic and OpenAI. Competition from custom-chip rivals, including Marvell, adds uncertainty to the ambitious long-term forecast. Broadcom AI supply constraints Negative Sentiment: Recent disclosures that Third Point exited its Broadcom position and that company insiders have overwhelmingly sold shares may reinforce profit-taking concerns, although these transactions are not necessarily indicative of deteriorating fundamentals. Dan Loeb exits Broadcom position Insider Transactions at Broadcom In other news, Director Gayla Delly sold 1,890 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the sale, the insider directly owned 194,989 shares of the company’s stock, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,644 shares of company stock worth $24,016,214 over the last 90 days. 1.90% of the stock is owned by insiders.

Broadcom Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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George Kaiser Family Foundation bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,855 shares of the semiconductor manufacturer’s stock, valued at approximately $1,834,000. Broadcom makes up about 0.2% of George Kaiser Family Foundation’s portfolio, making the stock its 26th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. ROSS JOHNSON & Associates LLC raised its stake in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Networth Advisors LLC boosted its stake in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. SWAN Capital LLC grew its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Harborfront Financial Group LLC acquired a new position in Broadcom during the second quarter worth $38,000. Finally, Cherry Tree Wealth Management LLC raised its position in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 40 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Performance Shares of NASDAQ AVGO opened at $367.24 on Thursday. The company has a market cap of $1.75 trillion, a PE ratio of 61.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company has a 50-day simple moving average of $384.15 and a 200-day simple moving average of $377.14.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company’s quarterly revenue was up 85.5% compared to the same quarter last year. On average, equities analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year. Analysts Set New Price Targets A number of equities research analysts have commented on AVGO shares. Evercore reissued an “outperform” rating and issued a $582.00 target price on shares of Broadcom in a report on Tuesday, May 19th. Truist Financial increased their price target on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. KeyCorp reiterated an “overweight” rating and issued a $575.00 price objective (up from $500.00) on shares of Broadcom in a research note on Thursday, June 4th. Susquehanna reissued a “positive” rating and set a $490.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $491.97.

View Our Latest Research Report on AVGO

Broadcom News Roundup Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance. Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance. Insiders Place Their Bets In other news, Director Gayla J. Delly sold 1,890 shares of Broadcom stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justine Page sold 1,602 shares of Broadcom stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the completion of the sale, the director directly owned 17,426 shares of the company’s stock, valued at approximately $6,514,884.36. This represents a 8.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,644 shares of company stock valued at $24,016,214. Insiders own 1.90% of the company’s stock.

About Broadcom (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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Foyston Gordon & Payne Inc purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 67,215 shares of the semiconductor manufacturer’s stock, valued at approximately $25,488,000. Broadcom makes up 5.5% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 2nd largest position.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Broadcom during the 4th quarter valued at $24,252,196,000. Bank of New York Mellon Corp bought a new stake in Broadcom in the second quarter worth $10,528,191,000. Deutsche Bank AG acquired a new position in Broadcom during the second quarter worth $5,661,216,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Broadcom during the second quarter worth $4,457,583,000. Finally, Cardano Risk Management B.V. raised its holdings in Broadcom by 895.2% during the fourth quarter. Cardano Risk Management B.V. now owns 12,689,800 shares of the semiconductor manufacturer’s stock valued at $4,391,940,000 after buying an additional 11,414,701 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom In other Broadcom news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director directly owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is owned by insiders.

Broadcom Price Performance Shares of NASDAQ:AVGO opened at $367.24 on Thursday. The company has a market cap of $1.75 trillion, a price-to-earnings ratio of 61.21, a PEG ratio of 0.71 and a beta of 1.44. The business has a 50 day moving average price of $384.15 and a 200 day moving average price of $377.14. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. Broadcom Inc. has a twelve month low of $289.96 and a twelve month high of $495.00. Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company had revenue of $29.59 billion for the quarter, compared to the consensus estimate of $29.24 billion. During the same period in the previous year, the business posted $1.69 EPS. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. Research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current year.

Analyst Upgrades and Downgrades Several analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating and set a $500.00 price target on shares of Broadcom in a research note on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $525.00 target price on shares of Broadcom in a report on Thursday, June 4th. BMO Capital Markets began coverage on Broadcom in a report on Thursday, August 20th. They set an “outperform” rating and a $455.00 price target on the stock. UBS Group set a $485.00 price target on shares of Broadcom and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Mizuho boosted their price objective on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Twenty-nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $491.97.

Read Our Latest Stock Analysis on Broadcom

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom reported fiscal third-quarter revenue of $29.59 billion, up 85.5% year over year, while non-GAAP EPS of $3.32 exceeded the $3.22 analyst consensus. GAAP profit rose sharply to $13.09 billion from $4.14 billion a year earlier. Broadcom third-quarter earnings report Positive Sentiment: AI semiconductor revenue reached $16.7 billion, increasing 221% year over year and 54% sequentially, highlighting strong demand for Broadcom’s custom AI accelerators. The company also generated $13.7 billion in free cash flow and declared a quarterly dividend of $0.65 per share. Broadcom AI semiconductor revenue and guidance Neutral Sentiment: Broadcom guided to approximately $34.8 billion in fourth-quarter revenue, representing 93% year-over-year growth, with non-GAAP operating margin of about 66%. The outlook still implies substantial growth, but management did not provide an EPS forecast in the reported guidance. Negative Sentiment: The fourth-quarter revenue forecast was below Wall Street expectations of roughly $35.0 billion to $35.03 billion. Investors viewed the shortfall as a sign that competition or execution risks could limit further gains from custom AI processors, particularly after the stock’s strong run and premium valuation. Reuters report on Broadcom guidance Negative Sentiment: Broadcom’s elevated valuation—approximately 61 times earnings—left little room for a merely solid outlook. Recent insider activity was also heavily weighted toward selling, although this is a secondary consideration compared with the earnings guidance. Broadcom Company Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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Key Takeaways Broadcom sees fiscal 2027 AI semiconductor revenues near $115B, supported by secured supply.Customer demand exceeds AVGO's 2027 outlook, but supply and data center readiness will shape deployments.Broadcom expects AI networking revenues to grow as fast as XPUs over the next few years. Broadcom Inc. (AVGO - Free Report) used its fiscal third-quarter 2026 earnings call to extend the AI story through fiscal 2028, while stressing that supply and data center readiness will determine the pace of deployment.

Third-quarter revenues of $29.59 billion and non-GAAP EPS of $3.32 topped the Zacks Consensus Estimate of $29.47 billion and $3.22, respectively. Management focused more on the execution and durability of AI demand than on the quarterly beat.

AVGO Maps an AI Revenue Doubling PathPresident and CEO Hock Tan expects fiscal fourth-quarter AI semiconductor revenues of $21.7 billion, up 236% year over year, and consolidated revenues of $34.8 billion, up 93%. Fiscal 2026 AI revenues are now expected at $58 billion, above the prior $56 billion guidance.

For fiscal 2027, Tan said Broadcom has secured supply to support about $115 billion of AI semiconductor revenues. Customer demand exceeds that outlook, and management plans to work on expanding supply.

Broadcom also outlined about $230 billion of AI semiconductor revenues for fiscal 2028. Tan framed the figures as a growth trajectory and tied realization to actual data center deployment readiness.

Broadcom Details the XPU Customer Ramp-UpCEO Tan said the Google relationship now includes a long-term agreement covering future TPU generations and AI networking, with multi-tens of billions of dollars of TPUs planned annually over the next several years.

Anthropic is expected to deploy another 5 gigawatts of TPU version 8i in 2027 after 1 gigawatt of Ironwood in 2026, followed by an incremental 10 gigawatts in 2028.

OpenAI is on track for 1.3 gigawatts of Jalapeno in 2027 and more than 5 gigawatts in 2028. Meta remains on track for three MTIA generations and 3 gigawatts through 2028.

AVGO Puts Supply Discipline Behind the OutlookA Morgan Stanley analyst asked whether the fiscal 2027 AI outlook could move higher. Tan said customers want more product, but Broadcom based its outlook on secured supply and deployments it believes can be completed.

A Jefferies analyst asked about substrate capacity. Tan said Broadcom plans to begin deploying its Singapore substrate fab in fiscal 2027 to address a key supply bottleneck.

Goldman Sachs and Truist analysts focused on infrastructure constraints. Tan said land, power and shell can dictate timing, while leading-edge wafers, substrates, HBM and system memory add further supply-chain variables.

Broadcom Extends Ethernet Across AI ClustersPresident of Semiconductor Solutions Charlie Kawwas said both 100-gig and 200-gig Tomahawk 6 versions are deployed across AI hyperscalers building XPUs with Broadcom, and among customers using other accelerators.

Kawwas said Tomahawk Ultra is entering scale-up applications in the current quarter and fiscal 2027. He cited deployments across XPU clusters and some GPU clusters, using Ethernet as an open interconnect.

Tan added that AI networking revenues are expected to grow as fast as XPUs over the next few years. Broadcom also taped out Tomahawk 7, its 200-terabit-per-second Ethernet switch.

AVGO Balances Margin Dilution and AI FinancingChief financial officer Amie Thuener guided fiscal fourth-quarter consolidated gross margin to about 73% as XPUs and higher memory content increase their mix. Non-GAAP operating margin is expected near 66%.

Tan reinforced the operating-leverage focus in Q&A, noting that revenue growth is outpacing the operating spending required to support the AI ramp-up. Third-quarter non-GAAP operating margin was 67.9%.

Thuener said the XPV financing platform will be evaluated deal by deal. The first $35 billion tranche supports Anthropic's 1-gigawatt deployment, while future structures may include modest residual-value guarantees.

Broadcom Keeps Execution at the CenterManagement combined aggressive AI capacity plans with explicit execution controls. Customer commitments, secured supply and data center construction schedules shape the fiscal 2027 and 2028 revenue framework.

Broadcom is also funding substrate and optical capacity while protecting operating leverage. The call centered on scaling custom compute and networking together, with supply discipline shaping how quickly demand converts to revenues.

Zacks Signals for AVGOAVGO carries a Zacks Rank #3 (Hold), with a Growth Score of B and Value, Momentum and VGM Scores of D. Zacks' framework treats A and B Style Scores as more favorable, while a Rank #3 can still be held with the same grade hierarchy applied. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The B Growth Score is the strongest Style Score signal, while the D ratings temper the broader profile. The Zacks Rank can change as earnings-estimate revisions incorporate the just-reported results, so the current reading should be viewed as dynamic rather than permanent.

Broadcom Inc. (AVGO) Q3 2026 Earnings Call September 2, 2026 5:00 PM EDT

Company Participants

Ji Yoo - Director of Investor Relations
Hock Tan - President, CEO & Executive Director
Amie O'Toole - Chief Financial Officer
Charlie Kawwas - President of Semiconductor Solutions

Conference Call Participants

Joseph Moore - Morgan Stanley, Research Division
Blayne Curtis - Jefferies LLC, Research Division
Harlan Sur - JPMorgan Chase & Co, Research Division
Stacy Rasgon - Bernstein Institutional Services LLC, Research Division
Jack Adair - Melius Research LLC
Vivek Arya - BofA Securities, Research Division
Thomas O'Malley - Barclays Bank PLC, Research Division
William Stein - Truist Securities, Inc., Research Division
Joshua Buchalter - TD Cowen, Research Division
James Schneider - Goldman Sachs Group, Inc., Research Division
Vijay Rakesh - Mizuho Securities USA LLC, Research Division

Presentation

Operator

Welcome to Broadcom Inc.'s Third Quarter Fiscal Year 2026 Financial Results Conference Call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, Head of Investor Relations of Broadcom Inc. Please go ahead.

Ji Yoo
Director of Investor Relations

Thank you, Cheri, and good afternoon, everyone. Joining me on today's call are Hock Tan, President and CEO; Amie Thuener, Chief Financial Officer; and Charlie Kawwas, President, Semiconductor Solutions Group. Broadcom distributed a press release and financial tables after the market closed, describing our financial performance for the third quarter fiscal year 2026. If you did not receive a copy, you may obtain the information from the Investors section of Broadcom's website at broadcom.com. This conference call is being webcast live, and an audio replay of the call can be accessed for 1 year through the Investors section of Broadcom's website.

During the prepared comments, Hock and Amie will be providing details of our third quarter fiscal year 2026 results, guidance for our fourth quarter of fiscal year 2026 as well

Revenue of $29.6 billion for the third quarter, up 86 percent from the prior year period GAAP operating income of $16.0 billion for the third quarter; Non-GAAP operating income of $20.1 billion for the third quarter GAAP diluted EPS of $2.68 for the third quarter; Non-GAAP diluted EPS of $3.32 for the third quarter Cash from operations of $14.2 billion for the third quarter, less capital expenditures of $0.5 billion, resulted in $13.7 billion of free cash flow, or 46 percent of revenue Quarterly common stock dividend of $0.65 per share Fourth quarter fiscal year 2026 revenue guidance of approximately $34.8 billion, an increase of 93 percent from the prior year period Fourth quarter fiscal year 2026 Non-GAAP operating income guidance of approximately 66 percent of projected revenue (1) , /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its third quarter of fiscal year 2026, ended August 2, 2026, provided guidance for its fourth quarter of fiscal year 2026 and announced its quarterly dividend.

"Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter," said Hock Tan, President and CEO of Broadcom Inc. "In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year."

"Broadcom achieved record revenue, operating profit and free cash flow in Q3. We delivered non-GAAP operating income growth of 92% year-over-year, as consolidated revenue grew 86% year-over-year to $29.6 billion," said Amie Thuener, CFO of Broadcom Inc. "Q4 consolidated revenue growth is forecasted to increase 93% year-over-year to $34.8 billion, and we expect to maintain our non-GAAP operating margin at 66%, flat from a year ago."  

__________________________________________________________________________________________________________________________________

(1) The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures presented to the relevant projected GAAP measures
without unreasonable effort.

Third Quarter Fiscal Year 2026 Financial Highlights

GAAP

Non-GAAP

(Dollars in millions, except per share data)

Q3 26

Q3 25

Change   

Q3 26

Q3 25

Change   

Net revenue

$

29,591

$

15,952

+86

%

$

29,591

$

15,952

+86

%

Operating income

$

15,955

$

5,887

+171

%

$

20,095

$

10,455

+92

%

Net income

$

13,088

$

4,140

+216

%

$

16,372

$

8,404

+95

%

Earnings per common share - diluted

$

2.68

$

0.85

+215

%

$

3.32

$

1.69

+96

%

(Dollars in millions)

Q3 26

Q3 25

Change   

Cash flow from operations                                                            

$

14,197

$

7,166

+98

%

Free cash flow

$

13,665

$

7,024

+95

%

Net revenue by segment

(Dollars in millions)

Q3 26

Q3 25

Change   

Semiconductor solutions                                                        

$

20,839

70

%

$

9,166

57

%

+127

%

Infrastructure software

8,752

30

6,786

43

+29

%

Total net revenue

$

29,591

100

%

$

15,952

100

%

The Company's cash and cash equivalents at the end of the fiscal quarter were $24.0 billion, compared to $19.6 billion at the end of the prior fiscal quarter.

During the third fiscal quarter, the Company generated $14.2 billion in cash from operations and spent $0.5 billion on capital expenditures, resulting in $13.7 billion of free cash flow.

On June 30, 2026, the Company paid a cash dividend of $0.65 per share, totaling $3.1 billion.

The differences between the Company's GAAP and non-GAAP results are described generally under "Non-GAAP Financial Measures" below and presented in detail in the financial reconciliation tables attached to this release.

Fourth Quarter Fiscal Year 2026 Business Outlook

Based on current business trends and conditions, the outlook for the fourth quarter of fiscal year 2026, ending November 1, 2026, is expected to be as follows:

Fourth quarter revenue guidance of approximately $34.8 billion; Fourth quarter non-GAAP operating income guidance of approximately 66 percent of projected revenue. The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. The Company is not readily able to provide a reconciliation of projected non-GAAP financial measures to the relevant projected GAAP measures without unreasonable effort. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

Quarterly Dividends

The Board of Directors of Broadcom has approved a quarterly cash dividend of $0.65 per share. The dividend is payable on September 30, 2026 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on September 21, 2026.

Financial Results Conference Call

Broadcom Inc. will host a conference call to review its financial results for the third quarter of fiscal year 2026 and to discuss the business outlook today at 2:00 p.m. Pacific Time.

To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com/.

Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom's website at https://investors.broadcom.com/.

Non-GAAP Financial Measures

The non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. When possible, a reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. The Company is not readily able to provide a reconciliation of projected non-GAAP measures to the comparable GAAP measures without unreasonable effort. Broadcom believes non-GAAP financial information provides additional insight into the Company's on-going performance. Therefore, Broadcom provides this information to investors for a more consistent basis of comparison and to help them evaluate the results of the Company's on-going operations and enable more meaningful period to period comparisons.   

In addition to GAAP reporting, Broadcom provides investors with net income, operating income, gross margin, operating expenses, cash flow and other data on a non-GAAP basis. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other charges, acquisition-related costs, including integration costs, non-GAAP tax reconciling adjustments, and other adjustments. Management does not believe that these items are reflective of the Company's underlying performance. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating the core operating performance of the Company, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to the Company's operations, and benchmarking performance externally against the Company's competitors. The exclusion of these and other similar items from Broadcom's non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom's free cash flow may not be calculated in a manner comparable to similarly named measures used by other companies.

About Broadcom

Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations' complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance, our plans and expectations with regard to our share repurchases, and other statements identified by words such as "will," "expect," "believe," "anticipate," "estimate," "should," "intend," "plan," "potential," "predict," "project," "aim," and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of Broadcom's management, current information available to Broadcom's management, and current market trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in these forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

Particular uncertainties that could materially affect future results include risks associated with: global economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; global political and economic conditions relating to our international operations; cyclicality in the semiconductor industry undergoing profound change due to AI; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; the slow or unsuccessful return on our research and development investments, expansion of our business strategy or adoption of new business models; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; our ability to continue winning business in the semiconductor solutions industry; our ability to accurately estimate customers' demand and adjust our manufacturing and supply chain accordingly; dependence on senior management and our ability to attract and retain qualified personnel; our ability to maintain or improve gross margin; our ability to protect against cybersecurity threats and a breach of security systems; prolonged disruptions of our, our customers' or our suppliers' facilities or other significant operations; our ability to maintain appropriate manufacturing capacity and quality; dependence on and risks associated with distributors and other channel partners of our products; ability of our software portfolio to manage and secure IT infrastructures and environments; demand for our data center virtualization products and customer acceptance of our software, services and business strategy; competitiveness of our software solutions and compatibility of our software with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; use of open source software in our software and services; sales to government customers; our ability to manage our software solutions and services lifecycles; our competitive performance; quarterly and annual fluctuations in operating results; any acquisitions or dispositions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; involvement in legal proceedings; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims, or other undetected defects or bugs; our compliance with privacy and data security laws; corporate responsibility matters; our provision for income taxes and overall cash tax costs; our ability to maintain tax concessions in certain jurisdictions; potential tax liabilities as a result of acquiring VMware; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; the amount and frequency of our share repurchase program; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature.

Our filings with the SEC, which are available without charge at the SEC's website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

Contact:
Ji Yoo
Broadcom Inc.
Investor Relations
650-427-6000
[email protected]

(AVGO-Q)

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED 

 (IN MILLIONS, EXCEPT PER SHARE DATA) 

 Fiscal Quarter Ended 

Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

August 3,

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Net revenue

$

29,591

$

22,187

$

15,952

$

71,089

$

45,872

Cost of revenue:

Cost of revenue

7,624

5,301

3,704

17,604

10,273

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Restructuring charges

12

10

26

35

68

Total cost of revenue

9,135

6,772

5,249

22,061

14,827

Gross margin

20,456

15,415

10,703

49,028

31,045

Research and development

2,895

2,995

3,050

8,855

7,996

Selling, general and administrative

996

1,055

1,072

3,070

3,104

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Restructuring and other charges

103

71

187

277

445

Total operating expenses

4,501

4,627

4,816

13,722

13,069

Operating income

15,955

10,788

5,887

35,306

17,976

Interest expense

(778)

(776)

(807)

(2,355)

(2,449)

Other income, net

98

118

205

649

333

Income before income taxes

15,275

10,130

5,285

33,600

15,860

Provision for income taxes

2,187

820

1,145

3,853

1,252

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Net income per share:

Basic

$

2.75

$

1.96

$

0.88

$

6.26

$

3.10

Diluted

$

2.68

$

1.91

$

0.85

$

6.09

$

3.02

Weighted-average shares used in per share calculations:

Basic

4,766

4,747

4,714

4,752

4,705

Diluted

4,887

4,876

4,860

4,884

4,841

Stock-based compensation expense:

Cost of revenue

$

224

$

223

$

251

$

683

$

607

Research and development

1,344

1,395

1,573

4,186

3,564

Selling, general and administrative

451

474

498

1,418

1,202

Total stock-based compensation expense

$

2,019

$

2,092

$

2,322

$

6,287

$

5,373

 BROADCOM INC. 

 FINANCIAL RECONCILIATION: GAAP TO NON-GAAP - UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Gross margin on GAAP basis

$

20,456

$

15,415

$

10,703

$

49,028

$

31,045

Amortization of acquisition-related intangible assets

1,499

1,461

1,519

4,422

4,486

Stock-based compensation expense

224

223

251

683

607

Restructuring charges

12

10

26

35

68

Gross margin on non-GAAP basis

$

22,191

$

17,109

$

12,499

$

54,168

$

36,206

Research and development on GAAP basis

$

2,895

$

2,995

$

3,050

$

8,855

$

7,996

Stock-based compensation expense

1,344

1,395

1,573

4,186

3,564

Research and development on non-GAAP basis

$

1,551

$

1,600

$

1,477

$

4,669

$

4,432

Selling, general and administrative expense on GAAP basis

$

996

$

1,055

$

1,072

$

3,070

$

3,104

Stock-based compensation expense

451

474

498

1,418

1,202

Acquisition-related costs

-

-

7

2

204

Selling, general and administrative expense on non-GAAP basis

$

545

$

581

$

567

$

1,650

$

1,698

Total operating expenses on GAAP basis

$

4,501

$

4,627

$

4,816

$

13,722

$

13,069

Amortization of acquisition-related intangible assets

507

506

507

1,520

1,524

Stock-based compensation expense

1,795

1,869

2,071

5,604

4,766

Restructuring and other charges

103

71

187

277

445

Acquisition-related costs

-

-

7

2

204

Total operating expenses on non-GAAP basis

$

2,096

$

2,181

$

2,044

$

6,319

$

6,130

Operating income on GAAP basis

$

15,955

$

10,788

$

5,887

$

35,306

$

17,976

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

-

-

7

2

204

Operating income on non-GAAP basis

$

20,095

$

14,928

$

10,455

$

47,849

$

30,076

Interest expense on GAAP basis

$

(778)

$

(776)

$

(807)

$

(2,355)

$

(2,449)

Loss on debt extinguishment

75

31

53

161

118

Interest expense on non-GAAP basis

$

(703)

$

(745)

$

(754)

$

(2,194)

$

(2,331)

Other income, net on GAAP basis

$

98

$

118

$

205

$

649

$

333

Excise tax benefit

-

-

-

(315)

-

Gain from sale of business

-

-

(163)

-

(163)

Other

-

-

29

-

8

Other income, net on non-GAAP basis

$

98

$

118

$

71

$

334

$

178

Provision for income taxes on GAAP basis

$

2,187

$

820

$

1,145

$

3,853

$

1,252

Non-GAAP tax reconciling adjustments

931

1,407

223

3,505

2,657

Provision for income taxes on non-GAAP basis

$

3,118

$

2,227

$

1,368

$

7,358

$

3,909

Net income on GAAP basis

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Amortization of acquisition-related intangible assets

2,006

1,967

2,026

5,942

6,010

Stock-based compensation expense

2,019

2,092

2,322

6,287

5,373

Restructuring and other charges

115

81

213

312

513

Acquisition-related costs

-

-

7

2

204

Loss on debt extinguishment

75

31

53

161

118

Excise tax benefit

-

-

-

(315)

-

Gain from sale of business

-

-

(163)

-

(163)

Other

-

-

29

-

8

Non-GAAP tax reconciling adjustments

(931)

(1,407)

(223)

(3,505)

(2,657)

Net income on non-GAAP basis

$

16,372

$

12,074

$

8,404

$

38,631

$

24,014

Weighted-average shares used in per share calculations - diluted on GAAP basis

4,887

4,876

4,860

4,884

4,841

Non-GAAP adjustment (1)

50

64

112

61

94

Weighted-average shares used in per share calculations - diluted on non-GAAP basis               ‌

4,937

4,940

4,972

4,945

4,935

Net cash provided by operating activities

$

14,197

$

10,493

$

7,166

$

32,950

$

19,834

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Free cash flow

$

13,665

$

10,262

$

7,024

$

31,937

$

19,448

________________________________________________________________________________________________________________________________________________

(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation expense expected to be incurred
in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method.

BROADCOM INC.

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(IN MILLIONS)

August 2,

November 2,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

23,975

$

16,178

Trade accounts receivable, net

13,707

7,145

Inventory

4,523

2,270

Other current assets

9,968

5,980

Total current assets

52,173

31,573

Long-term assets:

Property, plant and equipment, net

3,144

2,530

Goodwill

97,801

97,801

Intangible assets, net

26,325

32,273

Other long-term assets

8,705

6,915

Total assets

$

188,148

$

171,092

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable

$

4,000

$

1,560

Employee compensation and benefits

1,506

2,129

Short-term debt

2,252

3,152

Other current liabilities

13,080

11,673

Total current liabilities

20,838

18,514

Long-term liabilities:

Long-term debt

57,167

61,984

Other long-term liabilities

10,453

9,302

Total liabilities

88,458

89,800

Stockholders' equity:

Preferred stock

-

-

Common stock

5

5

Additional paid-in capital

77,330

71,308

Retained earnings

22,151

9,761

Accumulated other comprehensive income                    ‌

204

218

Total stockholders' equity

99,690

81,292

  Total liabilities and equity

$

188,148

$

171,092

 BROADCOM INC. 

 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED 

 (IN MILLIONS) 

 Fiscal Quarter Ended 

 Three Fiscal Quarters Ended 

 August 2, 

 May 3, 

 August 3, 

 August 2, 

 August 3, 

2026

2026

2025

2026

2025

Cash flows from operating activities:

Net income

$

13,088

$

9,310

$

4,140

$

29,747

$

14,608

Adjustments to reconcile net income to net cash provided by operating activities:               ‌

Amortization of intangible and right-of-use assets

2,042

2,002

2,060

6,047

6,116

Depreciation

171

163

142

484

426

Stock-based compensation

2,019

2,092

2,322

6,287

5,373

Deferred taxes and other non-cash taxes

7

(603)

284

(1,051)

(983)

Loss on debt extinguishment

75

31

53

161

118

Non-cash interest expense

65

67

82

204

273

Other

13

3

(23)

31

58

Changes in assets and liabilities, net of acquisitions and disposals:

  Trade accounts receivable, net

(2,859)

(2,370)

(937)

(6,544)

(2,066)

  Inventory

(195)

(1,366)

(163)

(2,253)

(420)

  Accounts payable

1,630

149

136

2,313

(236)

  Employee compensation and benefits

372

270

511

(619)

(110)

  Other current assets and current liabilities

(2,675)

474

(999)

(2,893)

(1,028)

  Other long-term assets and long-term liabilities

444

271

(442)

1,036

(2,295)

Net cash provided by operating activities

14,197

10,493

7,166

32,950

19,834

Cash flows from investing activities:

Proceeds from sale of business

-

-

300

-

300

Purchases of property, plant and equipment

(532)

(231)

(142)

(1,013)

(386)

Purchases of investments

(619)

(23)

(99)

(756)

(261)

Sales of investments

37

39

51

320

147

Other

1

7

(16)

13

(13)

Net cash provided by (used in) investing activities

(1,113)

(208)

94

(1,436)

(213)

Cash flows from financing activities:

Proceeds from long-term borrowings

-

-

6,960

4,474

10,695

Payments on debt obligations

(5,628)

(1,250)

(6,750)

(10,528)

(14,840)

Proceeds from (repayments of) commercial paper, net

-

-

(3,373)

-

488

Payments of dividends

(3,103)

(3,092)

(2,786)

(9,281)

(8,345)

Repurchases of common stock - repurchase program

-

(600)

-

(8,450)

(2,450)

Shares repurchased for tax withholdings on vesting of equity awards

-

-

(58)

-

(3,860)

Issuance of common stock

-

113

-

113

118

Other

(6)

(2)

(7)

(45)

(57)

Net cash used in financing activities

(8,737)

(4,831)

(6,014)

(23,717)

(18,251)

Net change in cash and cash equivalents

4,347

5,454

1,246

7,797

1,370

Cash and cash equivalents at beginning of period

19,628

14,174

9,472

16,178

9,348

Cash and cash equivalents at end of period

$

23,975

$

19,628

$

10,718

$

23,975

$

10,718

Supplemental disclosure of cash flow information:

Cash paid for interest

$

674

$

695

$

602

$

1,988

$

1,973

Cash paid for income taxes

$

347

$

1,099

$

822

$

2,228

$

1,834

SOURCE Broadcom Inc.

Gambit Capital Management LLC acquired a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,645 shares of the semiconductor manufacturer’s stock, valued at approximately $621,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Broadcom by 1,320.0% in the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 66 shares during the period. Networth Advisors LLC grew its holdings in Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 71 shares during the period. SWAN Capital LLC grew its holdings in Broadcom by 261.9% during the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 55 shares during the period. Harborfront Financial Group LLC purchased a new position in Broadcom in the second quarter worth $38,000. Finally, Camelot Portfolios LLC purchased a new position in Broadcom in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Trading Down 0.2% NASDAQ:AVGO opened at $369.68 on Wednesday. Broadcom Inc. has a 52-week low of $287.17 and a 52-week high of $495.00. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $384.43 and a 200-day simple moving average of $376.88. The company has a market capitalization of $1.76 trillion, a PE ratio of 61.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

Broadcom (NASDAQ:AVGO – Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The firm had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $22.13 billion. During the same period in the prior year, the company earned $1.58 EPS. The firm’s revenue was up 47.9% on a year-over-year basis. On average, equities research analysts expect that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year. Insider Buying and Selling at Broadcom In other news, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total transaction of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,644 shares of company stock worth $24,016,214 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom unveiled VMware Private AI Cloud, including VMware AI Factory, AI-ready data foundations and support for more than 150 commercial and open-source models. The platform is designed to reduce AI infrastructure deployment from weeks to hours, improve GPU utilization and give enterprises greater control over AI costs. Broadcom launches private AI cloud tools Positive Sentiment: New VMware capabilities—AgentMinder, vDefend and Avi Load Balancer—target security, identity, governance and observability for autonomous AI agents. The launches could strengthen Broadcom’s position in enterprise hybrid-cloud and private-AI deployments while creating additional infrastructure-software opportunities. Broadcom agentic AI security announcement Positive Sentiment: Broadcom also launched TrueSource, a commercially supported portfolio of verified open-source software covering Spring, Java, Python, Node.js, PostgreSQL, MySQL and other data engines. The offering may expand recurring software revenue and address growing enterprise demand for secure software supply chains. Broadcom TrueSource announcement Neutral Sentiment: Analysts expect another sharp increase in quarterly results, with consensus estimates cited near $29.4 billion in revenue and $3.24 in EPS. Investors will focus on AI-chip demand, hyperscaler custom-ASIC growth, VMware execution, margins and forward guidance when AVGO reports after the market closes on September 2. Broadcom Q3 earnings preview Neutral Sentiment: Optimistic coverage points to a median analyst price target of $525 and potential upside from backlog strength, while technical commentary identifies the current area as important support. However, the stock’s reaction may depend more on results and guidance than on existing bullish targets. Broadcom Wall Street outlook Negative Sentiment: Semiconductor shares broadly weakened as a global bond selloff pushed long-term yields higher, pressuring high-multiple technology stocks. Broadcom also faces elevated expectations, a valuation near 62 times earnings, margin concerns and competitive pressure from Nvidia, Nutanix and Microsoft. Reported insider activity is heavily weighted toward sales, adding another cautionary signal. Semiconductor stocks and rising yields Wall Street Analyst Weigh In Several brokerages have commented on AVGO. Wells Fargo & Company restated an “overweight” rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Truist Financial increased their price target on shares of Broadcom from $545.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Mizuho raised their price objective on shares of Broadcom from $480.00 to $530.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Bank of America boosted their price objective on shares of Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Rosenblatt Securities restated a “buy” rating and set a $500.00 target price on shares of Broadcom in a research report on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $491.97.

Get Our Latest Research Report on AVGO

About Broadcom (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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Broadcom (AVGO -0.18%) reports its fiscal third-quarter results after the close on Wednesday, Sept. 2. Heading into the report, the chip and software giant's trailing-12-month revenue is up 32% to $75.5 billion, extraordinary at this scale.

But the bottom line is moving far faster. Net income over the same period climbed 127% to $29.3 billion -- nearly four times the pace of revenue growth.

About 39 cents of every revenue dollar now lands as profit, up from about 23 cents a year earlier.

Broadcom's disclosures show where that spread comes from, and what Wednesday can and can't settle.

Image source: Getty Images.

Is the profit growth overstated?Part of the 127% is inherited. In the fiscal third quarter of 2024, Broadcom reported a rare $1.9 billion net loss under generally accepted accounting principles (GAAP). The cause was a one-time $4.5 billion noncash tax charge tied to an intellectual property transfer to the United States. That loss sits in the year-ago window and flatters the trailing growth rate.

Strip that charge out, and profit still grew about twice as fast as revenue.

The most recent quarter needed no such help. In the fiscal second quarter, which ended May 3, revenue rose 48% year over year to $22.2 billion while net income climbed 88% to $9.3 billion.

The trend is the stronger evidence, I think. Broadcom's GAAP operating margin has expanded from about 39% of revenue in the year-ago quarter to 44% in this year's fiscal first quarter to nearly 49% in fiscal Q2. That is almost 10 percentage points in a year.

Costs are barely movingThe spread comes from the expense lines. While fiscal Q2 revenue jumped 48%, total operating expenses rose about 6% year over year to $4.6 billion. Research and development spending grew 11%. Selling, general and administrative costs fell. And the noncash amortization from past deals (about $2 billion a quarter) didn't grow at all. A charge that took more than 13% of revenue a year earlier now takes about 9%.

Both segments are contributing. Semiconductor operating income nearly doubled year over year in fiscal Q2, lifting its operating margin from 57% to about 62% on 79% revenue growth.

And infrastructure software (built around VMware) turned 9% revenue growth into 13% profit growth because its costs fell. Its operating margin now sits near 79%, up from about 76% a year earlier.

Notably, the extra profit isn't coming from richer margins on each product sold.

In fact, custom artificial intelligence (AI) accelerators and networking brought in $10.8 billion in fiscal Q2, CEO Hock Tan said, up 143% year over year -- nearly three-quarters of the chip segment's revenue. On the June 3 earnings call, then-chief financial officer Kirsten Spears said consolidated gross margin should decline in fiscal Q3 as AI grows as a share of sales. That is a product-mix effect, she said, not a structural change in chip margins.

In short, the profit surge comes from selling much more without spending much more.

Wednesday will test the spread at $29.4 billion"In Q3 we expect consolidated revenue growth to increase 84% year-over-year to $29.4 billion, with non-GAAP operating margin stable at 67% reflecting our strong operating leverage," Spears said in the company's June 3 earnings release.

Non-GAAP (adjusted) results strip out items like stock-based compensation and deal-related amortization. Even on that friendlier basis, the guide asks a lot: costs stay in check while revenue steps up by about $7 billion from the quarter just reported. Tan expects $16 billion of the quarter's revenue to come from AI, up more than 200% year over year.

Wednesday can settle that much. Does the cost discipline hold at $29.4 billion?

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However, one report can't settle the longer arc. Gross margin pressure from the AI mix could eventually outrun the cost discipline. Expenses may not stay near $4.6 billion forever as its AI revenue keeps doubling. Those answers play out over years.

Meanwhile, at around $369 as of this writing, down about 25% from its 52-week high of $495, the stock trades at about 60 times earnings -- arguably steep, even for growth this fast. But the earnings under that price aren't standing still. Trailing earnings per share more than doubled in a year. If the spread between profit growth and revenue growth holds, that price-to-earnings ratio shrinks quickly.

Ultimately, the spread is disclosed line by line, it has widened for a year, and management's guide calls for a stable non-GAAP operating margin. But at about 60 times earnings, it is also the thing shareholders are paying for. If costs start climbing alongside revenue, profit growth falls back toward revenue growth, and today's price-to-earnings ratio gets hard to defend.

If I owned shares, I'd hold them through Wednesday's report. But I wouldn't buy at this price, and for now I'd call the stock a hold.

Broadcom stock has dropped to a crucial support level, and the upcoming earnings report will help to determine whether the recent retreat will continue or whether the shares will rebound. AVGO trades at $370, down by 25% from its highest point this year.

Broadcom has become one of the biggest technology companies globally, with its market capitalization soaring to over $1.7 trillion. It owns top companies like VMware, CA Technologies, Symantec, and Broadcom Communications. 

The company has emerged as a major player in the artificial intelligence industry, driven by a growing network of strategic partnerships. Most recently, it unveiled Jalapeño, a custom chip developed for OpenAI, which reportedly outperformed Nvidia’s chips in certain performance benchmarks.

Broadcom counts the biggest companies in the world, including large names like Apple, Alphabet, Anthropic, and Microsoft. These partnerships, together with its acquisitions, have helped its revenue continue rising. Its annual revenue has jumped from $27.5 billion in 2021 to $75.4 billion in the trailing twelve months.

The most recent results showed that Broadcom’s revenue jumped by 48% in the second quarter of the year to over $22.18 billion. This growth was driven by a 143% YoY gain from its AI semiconductor business. 

All signs are that the company’s business continued growing in the third quarter as the artificial intelligence spending accelerated. All of its top customers published strong numbers and guidance. 

For example, Apple announced strong financial results, and this growth may continue as it launches a new foldable phone. Also, companies like Google and Amazon all committed to keep spending.

Yahoo Finance data shows that analysts expect the upcoming results to show that its revenue soared by 84% last quarter to $29 billion. Its earnings-per-share (EPS) is also expected to move from $1.69 in Q3’25 to $3.24. Broadcom has a long record of doing better than expected.

Analysts are highly optimistic about Broadcom, with most who track it having a bullish outlook. Royal Bank of Canada has a target of $400, while BMO has a target of $455. The most optimistic analyst is from Evercore who sees the shares jumping to $582, up sharply from where it is today. In a statement this week, BakerAvenue’s King Lip called Broadcom a top pick ahead of its earnings.

The main issue, however, is that Broadcom’s valuation has become quite expensive, meaning that it will need to announce a big beat and raise, and possibly, a bigger buyback.

The company trades with a forward price-to-earnings ratio of 31.7, higher than the sector median of 22.6. Its multiple is also higher than the five-year average. It is also higher than that of other technology companies like Nvidia and Micron.

Broadcom stock | Source: TradingView

The daily chart shows that the AVGO stock peaked at $494 in June and formed an abandoned baby pattern. This pattern is usually one of the most common bearish reversal signs in technical analysis. 

The stock has now plunged and found a strong support level of $356, its lowest level on July 2nd and August 26. This could be a sign that it has formed a double-bottom pattern, a common bullish reversal sign. This support is also along the 61.8% Fibonacci Retracement level and the 200-day moving average.

Therefore, the stock will likely bounce back in the coming days, potentially to the psychological level of $400.

Broadcom (AVGO +0.18%) has been a disappointment for investors so far this year -- the stock is up 6%, but that's only half the performance of the S&P 500, which is up 12% year to date.

However, the semiconductor maker is reporting earnings for its fiscal third quarter after the market close on Sept. 2. And as management previously issued guidance for AI semiconductor revenue to grow more than 200% from a year ago to reach $16 billion, there are plenty of reasons for investors to be paying close attention to Broadcom stock this week.

About Broadcom stockBroadcom is a chipmaker, but it operates in a different lane from Advanced Micro Devices and Nvidia. It designs chips known as application-specific integrated circuits (ASICs) that are customized for Broadcom's customers, so while they aren't as versatile as Nvidia's top-of-the-line chips, they perform the functions its customers require so that they can be made less expensively.

Image source: Getty Images.

One of Broadcom's key customers is Alphabet, with whom Broadcom has worked over the last decade to create Google's Tensor Processing Units (TPUs), as an alternative to Nvidia's chips. Alphabet has been using TPUs in its own infrastructure, and it has begun selling TPU systems to third-party customers.

But here's also the problem for Broadcom. Alphabet and Marvell Technology recently announced a deal in which Marvell issued a warrant that gives Google the right to buy up to 58.9 million Marvell shares at $206.58 per share, or about $12.2 billion. Marvell said in a filing with the Securities and Exchange Commission that the agreement includes products that "attach to the (TPU) ecosystem" and is tied to milestones in its commercial relationship to help Google meet demand for its custom chips.

The filing follows an April report outlining a deal between Marvell and Google for AI workloads, including a TPU and a memory processing unit.

So naturally, there's concern that Alphabet's decision to expand its TPU business through Marvell will hurt Broadcom. Broadcom's stock fell sharply in April on news of the report. Marvell stock, meanwhile, is up 147% this year.

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Morningstar analyst William Kerwin told Reuters that the deal is a "big win" for Marvell, but should be seen as Alphabet expanding its network of chipmaking partners "rather than a competitive displacement of Broadcom."

What to look for when Broadcom reports earningsIt's not like Broadcom has been doing poorly this year. In fact, business has been strong for the chipmaker. Revenue in the fiscal second quarter (ending May 3) was $22.18 billion, up 48% from a year ago. Net income was $9.31 billion, up 88%, and earnings of $1.91 per share were up 85% from the second quarter of 2025.

"Broadcom achieved record revenue, operating profit, and free cash flow in Q2 driven by accelerating growth in AI semiconductor revenue and strong operating leverage," CEO Hock Tan said. "Q2 semiconductor revenue from AI of $10.8 billion grew 143% year-over-year, above our forecast, driven by increasing demand for custom AI accelerators and AI networking.

"The momentum continues, and in Q3 we expect semiconductor revenue from AI to grow over 200% year-over-year to $16 billion," he said.

If Broadcom can hit that number -- $16 billion in semiconductor revenue with 200% growth -- then it would go a long way in easing investors' concerns about Marvell. Alphabet has deep pockets, having recently increased its projected capital expenditures this year from $185 billion to $200 billion, and that doesn't appear to be slowing down anytime soon.

Hitting or exceeding $16 billion in semiconductor revenue would show that demand for Broadcom's custom AI accelerators and networking products remains strong, even as Alphabet expands its relationship with Marvell. And if management issues guidance for continued strong growth in Q4, then the stock's year-to-date underperformance could be a golden opportunity to accumulate shares.

E Fund Management Co. Ltd. bought a new position in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 225,840 shares of the semiconductor manufacturer’s stock, valued at approximately $85,311,000. Broadcom makes up approximately 1.9% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 15th biggest holding.

Other large investors have also recently bought and sold shares of the company. Cornerstone Advisors LLC bought a new stake in shares of Broadcom in the 2nd quarter worth approximately $92,522,000. Bank of America Corp DE grew its holdings in shares of Broadcom by 1.5% during the 1st quarter. Bank of America Corp DE now owns 58,737,097 shares of the semiconductor manufacturer’s stock valued at $18,179,719,000 after purchasing an additional 894,564 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Broadcom by 129.3% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 110,048 shares of the semiconductor manufacturer’s stock valued at $34,061,000 after purchasing an additional 62,050 shares during the last quarter. First Bank & Trust raised its position in Broadcom by 17.2% in the 2nd quarter. First Bank & Trust now owns 10,503 shares of the semiconductor manufacturer’s stock worth $3,968,000 after purchasing an additional 1,545 shares during the period. Finally, Fifth Lane Capital LP raised its position in Broadcom by 77.8% in the 4th quarter. Fifth Lane Capital LP now owns 4,000 shares of the semiconductor manufacturer’s stock worth $1,384,000 after purchasing an additional 1,750 shares during the period. 76.43% of the stock is owned by institutional investors.

Analyst Ratings Changes AVGO has been the subject of several analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $545.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, May 14th. Morgan Stanley set a $502.00 price objective on Broadcom and gave the stock an “overweight” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Zacks Research cut Broadcom from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $400.00 price target on shares of Broadcom in a research report on Wednesday, August 26th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $491.97.

View Our Latest Stock Report on Broadcom Key Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Mizuho remains bullish ahead of earnings, citing Broadcom’s nearly uninterrupted 30-quarter earnings track record, deeply negative investor sentiment, and the possibility that CEO Hock Tan will directly address concerns about custom ASIC competition and Google’s in-house chips. Mizuho is bullish on Broadcom ahead of Sept. 2 earnings Positive Sentiment: Broadcom’s partnership with OpenAI on the Jalapeño inference chip highlights demand for specialized AI infrastructure. OpenAI says the chip can deliver substantially better performance per watt than comparison systems, potentially supporting Broadcom’s custom-chip and networking growth. Why BNP thinks Jalapeño could benefit Broadcom stock Positive Sentiment: Analysts argue Broadcom offers a better AI risk-reward profile than AMD because of its broader exposure across custom accelerators, networking, and infrastructure software, along with a comparatively lower valuation. Broadcom vs. AMD: Which AI Chip Stock Has the Better Risk-Reward? Positive Sentiment: A new Kyndryl collaboration expands VMware Cloud Foundation’s reach among enterprise customers, reinforcing Broadcom’s private-cloud and software modernization strategy. Broadcom Kyndryl partnership Neutral Sentiment: Royal Bank of Canada reiterated its “Sector Perform” rating, suggesting balanced expectations rather than a strong near-term catalyst. Royal Bank of Canada reiterates Sector Perform Negative Sentiment: Broadcom is reportedly considering $70 billion to $80 billion of debt financing for an AI chip-related transaction involving companies including Anthropic. The potential borrowing could accelerate growth but raises leverage, execution, and repayment risks. Broadcom nears $70B debt financing deal Negative Sentiment: Investors remain concerned that Google’s and other hyperscalers’ internally designed chips could pressure Broadcom’s custom-silicon revenue. Competition from Marvell, NVIDIA, and AMD adds to the risk, while Broadcom’s elevated earnings multiple leaves less room for disappointment. Marvell and Google custom silicon deal Insiders Place Their Bets In other Broadcom news, insider Mark David Brazeal sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares of the company’s stock, valued at $78,254,935.37. This represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $385.38, for a total value of $728,368.20. Following the transaction, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. The trade was a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,644 shares of company stock worth $24,016,214 in the last quarter. 1.90% of the stock is currently owned by company insiders.

Broadcom Stock Performance Shares of AVGO opened at $368.79 on Monday. The stock has a market capitalization of $1.75 trillion, a P/E ratio of 61.47, a PEG ratio of 0.70 and a beta of 1.45. Broadcom Inc. has a twelve month low of $287.17 and a twelve month high of $495.00. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $385.07 and a two-hundred day simple moving average of $376.48.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion for the quarter, compared to analysts’ expectations of $22.13 billion. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 earnings per share. On average, research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom’s dividend payout ratio (DPR) is presently 43.33%.

Broadcom Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

See Also Five stocks we like better than Broadcom Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally Rubrik’s AI Security Bet Could Power the Next Leg Higher Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?

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Abacus FCF Advisors LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,818 shares of the semiconductor manufacturer’s stock, valued at approximately $12,397,000. Broadcom accounts for 2.3% of Abacus FCF Advisors LLC’s investment portfolio, making the stock its 13th biggest position.

Several other large investors have also modified their holdings of the business. ROSS JOHNSON & Associates LLC increased its position in shares of Broadcom by 1,320.0% during the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Networth Advisors LLC lifted its holdings in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. SWAN Capital LLC boosted its position in shares of Broadcom by 261.9% during the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 55 shares during the period. Harborfront Financial Group LLC acquired a new stake in Broadcom in the 2nd quarter valued at approximately $38,000. Finally, Camelot Portfolios LLC purchased a new stake in Broadcom in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 76.43% of the company’s stock.

Analysts Set New Price Targets Several research analysts have recently commented on AVGO shares. Rosenblatt Securities restated a “buy” rating and set a $500.00 price target on shares of Broadcom in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $515.00 price objective (up from $430.00) on shares of Broadcom in a report on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on shares of Broadcom from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Mizuho boosted their price target on shares of Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Finally, TD Cowen reaffirmed a “buy” rating and set a $500.00 price objective on shares of Broadcom in a research report on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $491.97.

Get Our Latest Stock Report on Broadcom Broadcom Price Performance Shares of Broadcom stock opened at $368.79 on Monday. Broadcom Inc. has a 52-week low of $287.17 and a 52-week high of $495.00. The company has a 50 day moving average of $385.07 and a 200 day moving average of $376.48. The company has a quick ratio of 2.01, a current ratio of 2.24 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.75 trillion, a P/E ratio of 61.47, a P/E/G ratio of 0.70 and a beta of 1.45.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The company had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same period in the prior year, the firm posted $1.58 EPS. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. As a group, research analysts forecast that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is 43.33%.

Insiders Place Their Bets In other Broadcom news, Director Harry L. You purchased 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $373.57 per share, with a total value of $373,570.00. Following the acquisition, the director directly owned 38,466 shares of the company’s stock, valued at approximately $14,369,743.62. This represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,644 shares of company stock valued at $24,016,214 in the last three months. Corporate insiders own 1.90% of the company’s stock.

Trending Headlines about Broadcom Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Mizuho remains bullish ahead of earnings, citing Broadcom’s nearly uninterrupted 30-quarter earnings track record, deeply negative investor sentiment, and the possibility that CEO Hock Tan will directly address concerns about custom ASIC competition and Google’s in-house chips. Mizuho is bullish on Broadcom ahead of Sept. 2 earnings Positive Sentiment: Broadcom’s partnership with OpenAI on the Jalapeño inference chip highlights demand for specialized AI infrastructure. OpenAI says the chip can deliver substantially better performance per watt than comparison systems, potentially supporting Broadcom’s custom-chip and networking growth. Why BNP thinks Jalapeño could benefit Broadcom stock Positive Sentiment: Analysts argue Broadcom offers a better AI risk-reward profile than AMD because of its broader exposure across custom accelerators, networking, and infrastructure software, along with a comparatively lower valuation. Broadcom vs. AMD: Which AI Chip Stock Has the Better Risk-Reward? Positive Sentiment: A new Kyndryl collaboration expands VMware Cloud Foundation’s reach among enterprise customers, reinforcing Broadcom’s private-cloud and software modernization strategy. Broadcom Kyndryl partnership Neutral Sentiment: Royal Bank of Canada reiterated its “Sector Perform” rating, suggesting balanced expectations rather than a strong near-term catalyst. Royal Bank of Canada reiterates Sector Perform Negative Sentiment: Broadcom is reportedly considering $70 billion to $80 billion of debt financing for an AI chip-related transaction involving companies including Anthropic. The potential borrowing could accelerate growth but raises leverage, execution, and repayment risks. Broadcom nears $70B debt financing deal Negative Sentiment: Investors remain concerned that Google’s and other hyperscalers’ internally designed chips could pressure Broadcom’s custom-silicon revenue. Competition from Marvell, NVIDIA, and AMD adds to the risk, while Broadcom’s elevated earnings multiple leaves less room for disappointment. Marvell and Google custom silicon deal Broadcom Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

Featured Stories Five stocks we like better than Broadcom Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally Rubrik’s AI Security Bet Could Power the Next Leg Higher Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against? Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

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LAS VEGAS, Aug. 31, 2026 (GLOBE NEWSWIRE) -- VMware Explore 2026 — Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced comprehensive security, identity, and observability capabilities for agentic AI environments running on Private AI Cloud. With AgentMinder, VMware vDefend, and VMware Avi Load Balancer, Broadcom provides advanced, multi-layer cybersecurity solutions designed to govern autonomous AI agents, defend agentic workloads, and protect enterprise Private AI Cloud workloads.

Private AI Cloud delivers a more secure and cost-effective AI infrastructure to run inference workloads and agentic AI. It features the advanced security and automated compliance guardrails to help secure the workloads while helping to prevent data exfiltration and reducing cyber risk across every AI workload. Customers benefit from an agentic AI pipeline to build, run and govern trusted agents to innovate rapidly.

The enterprise attack surface expands dramatically across agents, tools, datastores, and large language models (LLMs) as organizations deploy agentic AI applications using new protocols such as Model Context Protocol (MCP) and agent-to-agent (A2A) communications. Broadcom’s advanced cybersecurity solutions address these emerging blind spots by establishing trusted agent identities, enforcing Zero Trust boundaries, and providing enhanced visibility and granular control across the entire AI ecosystem.

“Enterprises need to rethink their security architecture as they operationalize their private AI cloud with agentic workloads,” said Umesh Mahajan, vice president and general manager, Application Networking and Security Division, Broadcom. “With AgentMinder, vDefend, and Avi we are delivering a comprehensive set of layered security solutions for the Private AI Cloud. Enterprises can now safely operationalize agentic AI with defense-in-depth security, enforce strict guardrails, and comprehensively protect their AI environment.”

Comprehensive Defense and Governance for Agentic AI
These solutions address critical agentic AI security and operational risks across three core layers: VMware vDefend, VMware Avi Load Balancer and Broadcom AgentMinder.

VMware vDefend: Agentic Zero Trust
VMware vDefend delivers Zero Trust lateral security for AI workloads running on VMware Cloud Foundation. The following new vDefend enhancements will extend its ZeroTrust lateral security to agentic AI workloads:

Discovery of Agentic AI Components: Will automatically identify MCP servers, LLMs, datastores, and tools by continuously monitoring traffic flows across VMware Cloud Foundation.Shadow AI Monitoring: Will detect unauthorized AI usage and enforce strict Zero Trust policies to help maintain complete control over enterprise environments.AI-Generated IDPS Signatures: Will use an agentic AI pipeline to create Intrusion Detection and Prevention (IDPS) signatures at machine scale and speed, providing distributed virtual patching to protect workloads against the volume and velocity of AI-discovered vulnerabilities.
VMware Avi Load Balancer: Agentic Threat Defense
Avi Load Balancer, with its seamless integration with Kubernetes including VMware vSphere Kubernetes Service (VKS), multi-terabit performance, elastic scale-out operation is ideally suited to deliver AI-aware load balancing, web application security and API protection (WAAP) to agentic AI workloads. The following new enhancements will broaden its protection of agentic AI workloads:

Tool and Agent Misuse Prevention: Will help restrict agents from accessing unauthorized MCP tools and inspect transaction content to block malicious execution, including remote code execution (RCE) and file injection.Zero Day Attack Detection: Will establish normal agentic traffic baselines across agents, LLMs, and tools to flag and isolate anomalous behavior in real time.Sensitive Data Protection: Will help prevent unauthorized exfiltration of credentials, personally identifiable information (PII), and sensitive financial data.
Broadcom AgentMinder: Agent Identity, Intent & Governance
Unveiled today, AgentMinder serves as the central control plane for autonomous AI agents (read the press release). As agents transition from content generation to active business process execution, AgentMinder delivers the following core governance capabilities:

Identity and Intent Controls: Treats autonomous agents as enterprise‑grade identities and binds their authority to a declared mission, permitted intents, approved tools, and authorized resources.Runtime Policy Enforcement: Features a cloud-native gateway that evaluates real-time context (identity, tool, intent, resource) and enforces least-privileged policies on every tool invocation.Compliance-Grade Auditability: Built on OpenTelemetry to deliver compliance‑grade visibility into every agent session and action, delivering chain of custody, anomaly detection, and operational insight at machine speed.
About VMware Explore
VMware Explore is the established cloud event for IT professionals to advance their skills and credentials. VMware Explore 2026 will connect attendees with technology experts and solution architects who are solving real-world challenges. Focused technical sessions, Hands-on Labs, and certification opportunities will enable attendees to apply their learnings and deliver greater value back to their organizations. Attendees will leave with the training, tools, and strategies to build and operate a modern private cloud that is AI-native—running any workload while keeping data local and secure. To learn more about VMware Explore, please visit: https://www.vmware.com/explore

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Broadcom, the pulse logo, and Connecting everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.

Media Contacts:

Heather Haley
Broadcom Global Communications
+1.925.856.8042
[email protected]

Eloy Ontiveros
Broadcom Global Communications
+1.650.427.6145
[email protected]

LAS VEGAS, Aug. 31, 2026 (GLOBE NEWSWIRE) -- VMware Explore 2026 -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced TrueSource by Broadcom, a portfolio of commercially supported, verifiably built open source software for the enterprise.

TrueSource brings together Spring Enterprise, the company’s flagship offering for the Spring ecosystem; new TrueSource Trusted Artifacts, which provides secure clean-room builds of the broader Java ecosystem, Python, and Node.js and incorporates a secure catalog of hardened container images; and TrueSource Data Services, a new offering that provides trusted artifacts, support, and deployment expertise for PostgreSQL, RabbitMQ, MySQL, and Valkey data engines.

TrueSource Offerings are Built on Common Principles

Curated, prescriptive, enterprise-grade libraries and artifacts: Every library and artifact is selected against a reference architecture, built, and verified by Broadcom engineers, so enterprises consume open source with confidence.Remediation with maintainers, not around them: Broadcom contributes fixes upstream and backs community maintainers across the industry with engineering time and funding.Patch automation tooling and security visibility: Automation scans customer repositories, assesses the blast radius of each release before they consume it, and opens pull requests that apply the lowest-risk remediation path, with dashboards showing their security team exactly what’s fixed and what remains.Early access with collaboration: Properly licensed customers of any TrueSource offering will have the option to bring not-yet-public vulnerabilities they discover for early access to remediation. In addition, there is a special program for critical infrastructure organizations to get dedicated access to patch insights and mitigation advice. Broadcom Sets the Enterprise Standard with Spring Enterprise
Building on Broadcom’s June commitment to Spring supply chain security, this announcement arrives as AI accelerates exploitation, allowing attackers to weaponize vulnerabilities in hours. While this has fueled interest in fully automated, AI-generated patching, research indicates this approach carries significant operational and security risks.

In new testing, 1Password’s Off-by-1 Labs found that only 26 percent of 6,000 AI-generated patches fixed vulnerabilities without breaking applications. They concluded that automated patches are not yet safe enough to trust without significant human oversight.

Spring Enterprise provides secure, curated releases of Spring from the team that creates and maintains it. That stewardship comes with over 20 years of experience in making compatibility, performance, and security judgements that have allowed Spring to flourish.

Customers receive:

Proactive scanning with human-verified patches: Broadcom engineers continuously scan Spring and its dependency tree with frontier model analysis, then verify every patch by hand, finding vulnerabilities before attackers do. In the past five months, engineers have already spent more than 12 billion tokens against frontier models.Simultaneous patches across every release line: Because Broadcom maintains Spring, every supported release line is patched before a CVE is ever published. Disclosure and remediation for OSS and long term support versions arrive together, so no version is left waiting for a fix.The whole dependency tree, not just Spring: Coverage extends beyond Spring itself to its managed dependencies, including Apache Tomcat, Kotlin, and across the full dependency tree: more than 5,000 verified Java libraries, built and signed at the exact versions pinned by every supported Spring Boot release line.Security fixes without the upgrade: Full point releases bundle fixes with changes that demand testing. CVE-only patches carry the remediation alone, so security teams can push them to production in hours, not weeks. "The world’s most essential businesses run on open source software, and they trust us to keep that foundation secure," said Ram Velaga, president, Infrastructure Software Group, Broadcom. "As AI accelerates both innovation and exploitation, that trust cannot rest on unverified, machine-generated patches. It has to rest on accountable engineering. With TrueSource, we are making a long-term commitment to our customers: our fixes are built and verified by our engineers, working alongside the maintainers who know the code best."

TrueSource Trusted Artifacts Extends Coverage Across Ecosystems
TrueSource Trusted Artifacts provides secure, clean room SLSA Build Level 3 builds of libraries across the Java ecosystem, Python, and Node.js. Broadcom’s curation process ensures that the libraries conform to a reference architecture and are supportable by the maintainers of record. Thousands of engineers across Broadcom’s software divisions scan, fix, contribute to, and consume them every day in the software that runs the world’s most essential businesses. The offering also includes the Bitnami Secure Images catalog, adding hardened, verifiably built container images for hundreds of commonly used open source packages to the same commercial offering.

TrueSource Data Services brings it to the data tier
TrueSource Data Services extends the TrueSource promise to the data engines enterprise applications depend on: PostgreSQL, RabbitMQ, MySQL, and Valkey. A flawed patch can put the data itself at risk, so remediation takes operational judgment. Broadcom brings that judgment, from hardening and supporting these engines for the world’s most demanding enterprises, to curate a validated distribution inclusive of these data engines and the associated critical extensions, Operators and Helm Charts. The offering includes deployment automation for these engines as well as visibility into the security and operational posture.

One Standard Across the Portfolio
The three offerings cover different ecosystems, but they share one design: software that is verifiably built, remediated by accountable engineers, and delivered in partnership with the communities that create it. "Open source security is a human discipline," said Purnima Padmanabhan, vice president and general manager, Tanzu Division, Broadcom. "AI is a phenomenal accelerant for the engineers who maintain this software, not a replacement for them. Maintainers understand the intent behind the code, and that is what separates a real fix from one that just looks like it. TrueSource puts that human expertise at the center of the open source supply chain, at commercial scale."

"AI-generated patching, when applied outside a maintained upstream project, risks producing forks that lack maintainer oversight and long-term accountability," said Katie Norton, Research Director for IDC’s Cloud Security research practice. "Broadcom’s approach with Spring, pairing upstream remediation with human-verified engineering, is one response to this trend, intended to support the integrity and sustainability of the open source supply chain."

Broadcom has already invested behind this position, applying AI where it is effective. As announced in June, its Spring engineering team has scaled frontier model based scanning and validation across the dependency ecosystem, with every resulting fix authored, reviewed, and verified by engineers who know the code. That work answered the more than 1,700 percent surge in monthly security advisories reported by the Spring community and delivered the largest set of security patches in Spring’s 23-year history.

Availability
Spring Enterprise, TrueSource Trusted Artifacts, and TrueSource Data Services are available with simple, tiered site licensing options.

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Broadcom, the pulse logo, and Bitnami are among the trademarks of Broadcom. Postgres and PostgreSQL are registered trademarks of the PostgreSQL Community Association of Canada. MySQL is a registered trademark of Oracle Corporation. Valkey is a trademark of The Linux Foundation. All other trademarks are the property of their respective owners. Broadcom is not affiliated with, endorsed by, or sponsored by any of the foregoing organizations.

Media Contact:

John D’Avolio
Tanzu Division, Broadcom
+1.503.308.3096
[email protected]

LAS VEGAS, Aug. 31, 2026 (GLOBE NEWSWIRE) -- VMware Explore 2026 -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced VMware AI Factory, the software-defined foundation of VMware Private AI Cloud. VMware AI Factory provides customers a simplified path to production AI with new automation innovations for deploying AI-ready infrastructure and supporting Day 2 operations. With VMware AI Factory, customers can achieve faster time to first model deployment and better manage AI tokenomics.

“Enterprises want to run AI where their data lives, but the journey from metal to model is slow, complex, and expensive,” said Paul Turner, chief product officer, VMware Cloud Foundation Division, Broadcom. “VMware AI Factory changes that. We give customers a software-defined foundation that automates infrastructure deployment, unifies lifecycle management, and lets them choose their preferred hardware and vetted models. The result is faster time to first model, predictable private cloud costs, and better control over AI tokenomics.”

VMware AI Factory Accelerates Time to First Model
VMware AI Factory brings AI applications directly to enterprise private data within a secure private cloud environment. VCF’s unique infrastructure automation capabilities can reduce the time from bare metal server deployment to serving the first AI model from weeks to a matter of hours. VMware AI Factory streamlines AI infrastructure management by fully automating hardware provisioning, software stack enablement, and end-to-end lifecycle management. By integrating hardware and software operations into a unified, automated solution, organizations can rapidly scale AI workloads while minimizing operational complexity.

As part of the VMware AI Factory, private AI services help make AI operational, governable, and cost-effective. VCF pools and shares GPU resources across the organization so teams can run multiple models on shared hardware instead of dedicating infrastructure to each workload. A unified model gallery gives IT and data science teams a single interface for deploying and managing model inference and RAG workflows across VMs, containers, and GPU resources, with built-in observability into token throughput, latency, and compute and memory utilization. Enterprises can pivot to new models while keeping costs low through shared infrastructure and governed models-as-a-service. New and forthcoming private AI services include:

Multi-tenant Model Sharing: Model Runtime now supports secure sharing of AI models between tenants or lines of business through isolated namespaces, maintaining data privacy while eliminating redundant model deployments that waste GPU allocation and infrastructure resources.AI Gateway: Unified model governance between on-premises and cloud environments through a single consumption interface, enabling access to locally hosted models with enhancements like intelligent prompt routing, token and usage rate-limiting, and application authorization.Secure AI Sandboxes and Governance: Secure virtualized container spaces will isolate dynamic agent-generated code execution, with a control layer defining how agents are invoked, what tools they access, and how their outputs are validated before being acted upon.
To further streamline VCF AI Factory deployment, Broadcom is announcing a new partnership with MetalSoft to deliver integrated heterogeneous bare metal automation for VCF that drops bare-metal provisioning time from weeks to minutes. The integration will help IT provision or repave physical servers from multiple vendors directly through the VCF management console, unifying the software and hardware lifecycle into a single operational model and eliminating the need for vendor-specific tools for hardware and firmware management.

VMware AI Factory combines VMware Cloud Foundation (VCF) with certified VCF AI ReadyNodes from Cisco, Dell Technologies, Lenovo, Supermicro and others1 and customers’ preferred AI software and accelerator architectures. Broadcom and AMD are collaborating to deliver a VMware AI Factory that pairs VCF with AMD Instinct GPUs and the open AMD ROCm software ecosystem. Zero-touch provisioning will orchestrate the end-to-end deployment of the entire stack, from vSphere and vSAN through Kubernetes and the AMD GPU operator, and the AMD DVX driver can attach GPUs to large VMs consumed by a VMware vSphere Kubernetes Service cluster.

VMware AI Factory gives enterprises a production-ready path to running leading AI models on-premises. VCF customers can run more than 150 open source and commercial models, including Nemotron 3, Gemma 4, cotomi, Qwen 3.7-Max, and GLM 5.2. Broadcom is working with the world’s leading AI model providers to give organizations a clear path to data sovereignty and cost-effective AI at scale, with leading models available securely and delivered as a service to their user community through VCF’s built-in services. Read the full announcement here.

Partner Commentary
“Enterprises adopting AI need freedom to choose their infrastructure without locking into a single vendor stack,” said Suresh Andani, corporate vice president, Compute and Enterprise AI Group, AMD. “Pairing AMD Instinct MI350 Series GPUs with the open ROCm software ecosystem on VMware Cloud Foundation gives customers a validated path to private AI with predictable economics and no per-token pricing. This collaboration lets organizations run production AI where their data lives while maintaining choice and control over their full stack.”

“Moving AI into production requires more than GPUs. It requires an infrastructure stack that operates as one seamless foundation from the data center to the edge,” said Jeremy Foster, Senior Vice President and General Manager, Cisco Compute. “Cisco’s validated compute and an open, high-performance network are aligned with NVIDIA Enterprise Reference Architectures and Cisco Validated Designs with AMD. As we work towards VMware AI Factory’s new infrastructure automation, this will give customers a simpler path from bare metal to production AI, while preserving flexibility in the workloads and accelerator architectures they choose.”

“As enterprises scale AI, token economics is emerging as a critical driver of adoption and ROI,” said Scott Patti, Vice President, Infrastructure Solutions Group, Lenovo. “VMware AI Factory on Lenovo Infrastructure Solutions gives customers the flexibility to run AI where it makes the most economic and operational sense, helping them accelerate production deployments with predictable costs, stronger governance, and greater business value.”

“Supermicro delivers its application-optimized Data Center Building Block Solutions® (DCBBS) infrastructure with the industry-leading time to deployment,” said Vik Maylaya, chief business officer, Supermicro. “Our SuperCloud Director supports faster implementation of multi-tenancy bare metal provisioning, combining Supermicro’s Total IT solutions with VMware AI Factory to give customers factory-validated flexible and cost-efficient building blocks for modern private cloud and AI workloads for the enterprise.”

“Managing physical servers has always been a separate operational domain from software, creating silos that slow down AI infrastructure deployment,” said Lucas Roh, founder and CEO, MetalSoft. “MetalSoft’s bare metal automation now extends VCF’s operational workflows down to the physical layer, letting IT treat physical servers like code. Customers can provision or repave heterogeneous hardware directly through the VCF management console, closing the gap between hardware and software operations and turning weeks of manual work into minutes.”

1-Broadcom Compatibility Guide

Additional Resources

Learn more about VMware Cloud FoundationFollow VMware Cloud Foundation social channels on LinkedIn, X, formerly known as Twitter and YouTube About VMware Explore
VMware Explore is the established cloud event for IT professionals to advance their skills and credentials. VMware Explore 2026 will connect attendees with technology experts and solution architects who are solving real-world challenges. Focused technical sessions, Hands-on Labs, and certification opportunities will enable attendees to apply their learnings and deliver greater value back to their organizations. Attendees will leave with the training, tools, and strategies to build and operate a modern private cloud that is AI-native—running any workload while keeping data local and secure. To learn more about VMware Explore, please visit: https://www.vmware.com/explore

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Broadcom, the pulse logo, and Connecting everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.

Media Contact:
Roger T. Fortier
VMware Cloud Foundation Division, Broadcom
+1.408.348.1569
[email protected]

NVIDIA NASDAQ: NVDA just blew the doors off with its latest earnings report. Shares soared 8.7% afterward, good for their largest single-day up move in over a year.

Broadcom Today

$368.30 -0.49 (-0.13%)

As of 10:36 AM Eastern

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$287.17▼

$495.000.71%

61.32

$491.97

Now, all eyes turn to the world’s next biggest player in the AI semiconductor industry: Broadcom NASDAQ: AVGO.

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The company will report earnings on Sept. 2 after the close, and markets are already signaling belief that the firm could have a strong quarter. Notably, Broadcom shares also rose about 4.5% after NVIDIA’s results, a move that is likely tied to the strong AI demand shown in Big Green’s earnings.

However, this by no means ensures that Broadcom’s earnings will receive a similar market reaction to NVIDIA’s. These are the factors that could determine the stock’s post-earnings fate.

Broadcom’s Headline Earnings ExpectationsBeating estimates on revenue, earnings per share (EPS), and guidance for the following quarter will be key to the company impressing markets. Currently, Broadcom’s Q3 2026 sales estimate is $29.43 billion. This figure implies year-over-year (YOY) growth of slightly more than 84%, a large acceleration versus 48% growth last quarter.

At $3.22, the company’s EPS estimate implies growth of approximately 91% YOY, compared to 54% growth last quarter. Sales estimates for fiscal Q4 sit just below $35 billion, implying another acceleration to 94% YOY growth. Notably, Broadcom does not provide specific EPS guidance. However, the company guided for an adjusted earnings before interest, taxes, depreciation, and amortization margin of 68%. Markets will look for Broadcom to at least meet all of these figures and will likely not be satisfied without significant beats.

The most important underlying metric for Broadcom to meet or exceed is its AI semiconductor sales expectations. The company guided for $16 billion in AI chip sales, or 200% YOY growth. However, it is possible that actual market expectations are considerably higher than this.

To Raise or Not to Raise Guidance: Broadcom’s Big DecisionOutside of surpassing expectations on headline figures and underlying metrics, there is one key decision that could determine the market’s reaction to Broadcom’s results. Among the factors that could positively influence investor sentiment, Broadcom's raising its fiscal year 2027 (FY2027) AI semiconductor guidance ranks at the top.

The company is currently guiding for over $100 billion in AI semiconductor revenue in FY2027, a figure that it refused to raise last quarter. This was one of the key factors that caused Broadcom shares to drop nearly 20% in the two days following their last earnings report. Albeit this came as shares were trading very close to their all-time high.

100th Percentile

Moderate Buy

33.4% Upside

Healthy

Strong

1.30 Selling Shares

71.29%

See Full Analysis

There is strong reason to believe that Broadcom’s AI semiconductor guidance could rise well above $100 billion. Notably, Bernstein analyst Stacy Rasgon has estimated that Broadcom’s hyperscaler customers will deploy nine to 10 gigawatts (GW) of its chips in FY2027.

Rasgon also estimates that Broadcom’s content per GW is $20 billion. Together, these numbers would imply $180 billion to $200 billion in AI semiconductor revenue—massively higher than Broadcom’s current guidance. Even using more conservative estimates on content per GW would put AI chip revenue well above $100 billion.

Thus, markets were significantly disappointed that Broadcom did not raise its guidance last quarter, which hit shares particularly hard given their elevated level. However, this could have simply been a reflection of Broadcom’s often conservative stance when it comes to updating guidance. Seeing a substantial FY2027 guidance boost in its next report would likely go a long way in eliciting a positive market reaction.

Dispelling Alphabet Diversification Fears Could Benefit BroadcomAnother key factor that could help Broadcom stock is positive commentary around the relationship with its top AI customer, Alphabet NASDAQ: GOOGL. Broadcom shares have faced pressure due to the belief that MediaTek OTCMKTS: MDTKF, and more recently, Marvell Technology NASDAQ: MRVL, are taking share in Alphabet’s custom chip program.

However, the extent to which these relationships could impact Broadcom’s growth attributable to Alphabet is largely unknown. Broadcom providing commentary that signals the market is overreacting to these developments would also likely aid the stock’s post-earnings reaction. On the other hand, commentary that signals Broadcom is concerned about these developments could hurt the stock.

Analysts Point to Substantial 12-Month Upside in Broadcom as Earnings NearOverall, it is highly difficult to predict whether Broadcom, or any company for that matter, will gain a positive market reaction after its earnings report. Still, investors can take some solace in the fact that over a 12-month forecast timeline, Wall Street analysts see the arrow for Broadcom stock pointing up. As Broadcom’s earnings report quickly approaches, the MarketBeat consensus price target sits near $492, a figure that implies considerable upside in the range of 30%.

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Key Takeaways Broadcom's AI semiconductor revenues surged 143% to $10.8B, with $16B expected in fiscal Q3.Custom XPUs and networking are benefiting from hyperscaler demand and six core AI customer engagements.NVIDIA and AMD are expanding AI infrastructure platforms, intensifying competition for Broadcom. Broadcom’s (AVGO - Free Report) Semiconductor Solutions business is being driven primarily by surging demand for AI infrastructure and is helping the company manage competition from NVIDIA (NVDA - Free Report) and Advanced Micro Devices (AMD - Free Report) . Semiconductor Solutions revenues jumped 79% year over year to a record $15 billion in the second quarter of fiscal 2026, with AI semiconductor revenues jumping 143% to $10.8 billion. AI semiconductor bookings exceeded $30 billion in the reported quarter, considerably higher than shipments, indicating strong demand visibility. Broadcom expects AI semiconductor revenues to reach $16 billion in the third quarter of fiscal 2026, indicating more than 200% year-over-year growth.

The Semiconductor Solutions segment is benefiting from strong demand for Broadcom’s custom XPUs as hyperscalers and frontier AI companies increasingly develop specialized processors for training and inference. The company has long-term engagements with six core AI customers. Broadcom has entered into a multi-generation TPU and networking agreement with Google, while Anthropic is expected to access an additional 5 gigawatts of next-generation TPU-based compute beginning in 2027. OpenAI production is scheduled to begin in late 2026, while Meta has committed to multiple generations of MTIA XPUs.

Broadcom’s leadership in networking products is complementing XPU growth because increasingly large AI clusters require high-bandwidth connectivity between accelerators. Networking accounted for almost 40% of Broadcom’s AI semiconductor revenues in the second quarter of fiscal 2026. AVGO’s portfolio includes 200G and 400G SerDes, Ethernet and PCI Express switches, Tomahawk 6 100-terabit Ethernet switches, co-packaged optics, DSPs, lasers and Jericho fabric solutions. These technologies support both scale-up connectivity inside racks and scale-out connectivity across large AI data centers.

Increasing consumption of AI tokens by enterprises and consumers is driving frontier-model providers to add substantial compute capacity. Broadcom expects this demand to remain strong through 2027 and 2028 as AI workloads expand. The company is also developing its AI XPV platform with Apollo, Blackstone and other investors, targeting more than 20 gigawatts of compute capacity through 2028, which should support greater deployment of Broadcom XPUs and networking chips.

AVGO Faces Tough Competition in the Semiconductor MarketBroadcom is facing stiff competition from NVIDIA and AMD in the semiconductor space.

NVIDIA is intensifying competitive pressure on Broadcom by expanding beyond GPUs into a complete AI-infrastructure platform encompassing CPUs, scale-up and scale-out networking, systems and software. NVIDIA’s Vera Rubin platform combines Vera CPUs, Rubin GPUs, NVLink, InfiniBand or Ethernet and other accelerators, increasing its revenue opportunity per gigawatt from about $18 billion with Hopper to $40 billion with Vera Rubin.

AMD is also becoming a stronger alternative to Broadcom as it expands from CPUs and GPUs into rack-scale AI infrastructure. AMD’s Helios platform integrates EPYC Venice CPUs, MI450-Series GPUs, Pensando networking and ROCm software, creating a more complete AI system competing for the same hyperscaler and frontier-model infrastructure spending targeted by Broadcom’s custom accelerators and networking portfolio.

AVGO’s Share Price Performance, Valuation & EstimatesBroadcom shares have appreciated 6.2% year to date, underperforming the broader Zacks Computer and Technology sector’s return of 15.4%.

AVGO Stock Lags Sector
Image Source: Zacks Investment Research

The AVGO stock is trading at a premium, with a forward 12-month price/sales of 10.38X compared with the broader sector’s 6.31X. Broadcom has a Value Score of D.

AVGO Stock Has a Stretched Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $11.74 per share, unchanged over the past 30 days, suggesting 72.14% growth from the figure reported in fiscal 2025.

Broadcom currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Broadcom Inc (NASDAQ:AVGO) stock fell more than 1.50% on Friday as new semiconductor tariff uncertainty pressured chip stocks and added another risk to the AI infrastructure supply chain.

Technology dropped 1.31%, making it the worst-performing sector, while the S&P 500 slipped just 0.14%. Six sectors traded lower, with the advance-decline ratio at 0.8.

Tariff Uncertainty Pressures Semiconductor StocksThe Trump administration is reportedly considering expanding semiconductor-related tariffs to a broader range of technology products, potentially including laptops, gaming consoles and data-center servers.

The proposal has raised concerns that higher costs and tighter supply could affect the ongoing AI infrastructure buildout.

The White House pushed back on the reports, saying tariff coverage should be considered "baseless speculation" unless officially announced. It also said the administration is pursuing a "nimble, nuanced, and multi-faceted approach" aimed at bringing critical manufacturing back to the U.S.

Broader market sentiment also remained defensive, with the Nasdaq down 0.61% and the Russell 2000 falling 1.26%.

Broadcom slightly outperformed the broader Technology sector but still moved lower alongside other large-cap semiconductor stocks exposed to AI infrastructure demand.

Earnings & Analyst OutlookThe countdown is on: Broadcom is set to report earnings on September 2, 2026 (confirmed).

EPS Estimate: $3.16 (Up from $1.69 YoY) Revenue Estimate: $29.44 Billion (Up from $15.95 Billion YoY) Valuation: P/E of 61.8x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: Broadcom stock carries a Buy rating with an average price forecast of $511.13 (45 analysts), with targets ranging from $400.00 to $582.00. Recent analyst moves include:

RBC Capital: Sector Perform (Maintains Forecast to $400.00) (August 26) BMO Capital: Initiated with Outperform (Forecast $455.00) (August 21) Erste Group: Downgraded to Hold (July 7) Top ETF Exposure iShares Semiconductor ETF (NASDAQ:SOXX): 8.12% Weight First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV): 8.05% Weight Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ): 9.94% Weight Significance: Because AVGO carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

AVGO Price Action: Broadcom shares were down 1.52% to $365.89 at the time of publication on Friday, according to Benzinga Pro data.

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Alamar Capital Management LLC bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,680 shares of the semiconductor manufacturer’s stock, valued at approximately $635,000.

A number of other hedge funds have also made changes to their positions in AVGO. Fullerton Advisors LLC lifted its holdings in Broadcom by 1.3% in the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock worth $616,000 after acquiring an additional 25 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co boosted its position in shares of Broadcom by 0.5% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock valued at $1,656,000 after purchasing an additional 25 shares during the period. RFG Holdings Inc. lifted its holdings in shares of Broadcom by 0.3% in the first quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock valued at $2,631,000 after purchasing an additional 26 shares in the last quarter. Yukon Wealth Management Inc. grew its holdings in shares of Broadcom by 1.1% during the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after acquiring an additional 26 shares in the last quarter. Finally, NerdWallet Wealth Partners LLC grew its position in Broadcom by 2.6% in the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock worth $399,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

More Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Mizuho remains bullish ahead of earnings, citing Broadcom’s nearly uninterrupted 30-quarter earnings track record, deeply negative investor sentiment, and the possibility that CEO Hock Tan will directly address concerns about custom ASIC competition and Google’s in-house chips. Mizuho is bullish on Broadcom ahead of Sept. 2 earnings Positive Sentiment: Broadcom’s partnership with OpenAI on the Jalapeño inference chip highlights demand for specialized AI infrastructure. OpenAI says the chip can deliver substantially better performance per watt than comparison systems, potentially supporting Broadcom’s custom-chip and networking growth. Why BNP thinks Jalapeño could benefit Broadcom stock Positive Sentiment: Analysts argue Broadcom offers a better AI risk-reward profile than AMD because of its broader exposure across custom accelerators, networking, and infrastructure software, along with a comparatively lower valuation. Broadcom vs. AMD: Which AI Chip Stock Has the Better Risk-Reward? Positive Sentiment: A new Kyndryl collaboration expands VMware Cloud Foundation’s reach among enterprise customers, reinforcing Broadcom’s private-cloud and software modernization strategy. Broadcom Kyndryl partnership Neutral Sentiment: Royal Bank of Canada reiterated its “Sector Perform” rating, suggesting balanced expectations rather than a strong near-term catalyst. Royal Bank of Canada reiterates Sector Perform Negative Sentiment: Broadcom is reportedly considering $70 billion to $80 billion of debt financing for an AI chip-related transaction involving companies including Anthropic. The potential borrowing could accelerate growth but raises leverage, execution, and repayment risks. Broadcom nears $70B debt financing deal Negative Sentiment: Investors remain concerned that Google’s and other hyperscalers’ internally designed chips could pressure Broadcom’s custom-silicon revenue. Competition from Marvell, NVIDIA, and AMD adds to the risk, while Broadcom’s elevated earnings multiple leaves less room for disappointment. Marvell and Google custom silicon deal Broadcom Stock Performance Shares of AVGO stock opened at $368.79 on Friday. Broadcom Inc. has a 12 month low of $287.17 and a 12 month high of $495.00. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $385.07 and a two-hundred day simple moving average of $376.26. The firm has a market capitalization of $1.75 trillion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. Broadcom (NASDAQ:AVGO – Get Free Report) last announced its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 EPS. Analysts forecast that Broadcom Inc. will post 10.24 EPS for the current fiscal year.

Broadcom Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is currently 43.33%.

Insider Activity at Broadcom In other news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $373.86, for a total transaction of $598,923.72. Following the completion of the sale, the director owned 17,426 shares in the company, valued at $6,514,884.36. This trade represents a 8.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the sale, the director directly owned 31,326 shares of the company’s stock, valued at $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 61,644 shares of company stock worth $24,016,214. 1.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes A number of analysts have weighed in on AVGO shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $525.00 price target on shares of Broadcom in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $515.00 price target (up from $430.00) on shares of Broadcom in a research report on Thursday, June 4th. Bank of America upped their target price on Broadcom from $450.00 to $530.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Truist Financial raised their target price on shares of Broadcom from $545.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Evercore reaffirmed an “outperform” rating and set a $582.00 price objective on shares of Broadcom in a research report on Tuesday, May 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $491.97.

Read Our Latest Research Report on Broadcom

Broadcom Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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SummaryBroadcom expects AI semiconductor revenue to jump from about $56 billion in fiscal 2026 to more than $100 billion in fiscal 2027.Broadcom may backstop up to $29 billion of customer lease payments in its first AI financing structure, compared with $10.262 billion of fiscal Q2 free cash flow.Per Bloomberg, Broadcom is reportedly discussing more than $60 billion of AI debt for Anthropic and others, including $30 billion junior and $60-70 billion senior, partly guaranteed by Broadcom.Google signed Broadcom through as late as 2031, then gave Marvell a deal whose warrant can fully vest after $120 billion of qualifying purchases.Despite the above, I'm not bearish on this name. But I don't see enough upside from a momentum perspective, so I downgrade to a hold. Sundry Photography/iStock Editorial via Getty Images

Broadcom Inc. (AVGO) is about to report Q3 earnings on September 2, and I think the focus right now is not on the print.

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Boston Trust Walden Corp raised its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 338.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,948 shares of the semiconductor manufacturer’s stock after buying an additional 83,335 shares during the period. Boston Trust Walden Corp’s holdings in Broadcom were worth $40,777,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fullerton Advisors LLC boosted its position in Broadcom by 1.3% during the first quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock worth $616,000 after purchasing an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co increased its position in shares of Broadcom by 0.5% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock valued at $1,656,000 after buying an additional 25 shares in the last quarter. RFG Holdings Inc. boosted its position in shares of Broadcom by 0.3% in the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock worth $2,631,000 after buying an additional 26 shares in the last quarter. Yukon Wealth Management Inc. grew its stake in Broadcom by 1.1% in the 1st quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after acquiring an additional 26 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC grew its stake in Broadcom by 2.6% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock valued at $399,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Stock Performance Shares of NASDAQ AVGO opened at $368.45 on Monday. The company has a 50-day simple moving average of $388.57 and a 200-day simple moving average of $375.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.24 and a quick ratio of 2.01. The company has a market cap of $1.75 trillion, a PE ratio of 61.41, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45. Broadcom Inc. has a 12 month low of $287.17 and a 12 month high of $495.00.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a net margin of 38.85% and a return on equity of 41.61%. The business had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. On average, equities analysts anticipate that Broadcom Inc. will post 10.24 earnings per share for the current year. Broadcom Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is currently 43.33%.

More Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: AI financing deal could expand Broadcom’s growth opportunity: Broadcom is reportedly discussing $70 billion to $80 billion of debt financing—potentially approaching $100 billion—to provide AI chips to Anthropic and other companies. The arrangement could support substantial future chip demand, although the financing remains under discussion. Broadcom debt deal expected to reach upwards of $70 billion Positive Sentiment: Analysts remain constructive: BMO initiated coverage with an “outperform” rating and a $455 price target, implying meaningful upside from recent levels. Other recent commentary also argues that Broadcom’s AI cycle and long-term custom-chip position could support further gains. Broadcom Stock Picks Up Another Lofty Bull Note Positive Sentiment: Strong AI demand underpins the bullish case: Reports cite approximately $30 billion in quarterly AI bookings and management’s goal of exceeding $100 billion in AI sales by 2027. Broadcom’s latest reported quarter also showed 47.9% year-over-year revenue growth, reinforcing the company’s momentum. Broadcom’s AI Boom: Is a 2x Stock Gain Still Within Reach? Neutral Sentiment: Debt-funded expansion introduces execution and balance-sheet risk: Borrowing tens of billions of dollars could accelerate AI infrastructure growth, but it would also increase leverage and financing costs if customer demand or deal economics disappoint. Broadcom reportedly eyes nearly $100 billion debt package Negative Sentiment: Marvell’s Google partnership threatens Broadcom’s custom AI-chip dominance: Marvell’s agreement covers products connected to Google’s TPU ecosystem, including inference accelerators and networking components. Google also received warrants that could align it more closely with Marvell, raising concerns about future share loss for Broadcom despite Broadcom’s existing multiyear Google partnership. Marvell Constructs an AI Moat With Alphabet Warrants Analyst Ratings Changes AVGO has been the subject of a number of research reports. Wall Street Zen cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $515.00 price objective (up from $430.00) on shares of Broadcom in a research note on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and set a $525.00 price objective on shares of Broadcom in a research report on Thursday, June 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $535.00 target price (up from $450.00) on shares of Broadcom in a research note on Thursday, June 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $545.00 target price (up from $430.00) on shares of Broadcom in a report on Thursday, May 14th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $491.97.

View Our Latest Research Report on AVGO

Insiders Place Their Bets In related news, Director Gayla J. Delly sold 1,890 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total value of $728,368.20. Following the completion of the transaction, the director directly owned 31,326 shares in the company, valued at approximately $12,072,413.88. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The shares were sold at an average price of $401.33, for a total transaction of $10,033,250.00. Following the completion of the transaction, the insider owned 194,989 shares in the company, valued at approximately $78,254,935.37. This trade represents a 11.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 61,644 shares of company stock worth $24,016,214 in the last three months. Company insiders own 1.90% of the company’s stock.

Broadcom Profile (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

Recommended Stories Five stocks we like better than Broadcom VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).

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Cornerstone Capital Inc. bought a new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,715 shares of the semiconductor manufacturer’s stock, valued at approximately $648,000.

Several other hedge funds also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC increased its stake in shares of Broadcom by 1,320.0% during the 4th quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. SWAN Capital LLC lifted its stake in shares of Broadcom by 261.9% in the 4th quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Networth Advisors LLC lifted its stake in shares of Broadcom by 546.2% in the 1st quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Nvest Wealth Strategies Inc. bought a new stake in Broadcom in the fourth quarter worth $33,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in Broadcom by 44.9% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 129 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 40 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

More Broadcom News Here are the key news stories impacting Broadcom this week:

Positive Sentiment: AI financing deal could expand Broadcom’s growth opportunity: Broadcom is reportedly discussing $70 billion to $80 billion of debt financing—potentially approaching $100 billion—to provide AI chips to Anthropic and other companies. The arrangement could support substantial future chip demand, although the financing remains under discussion. Broadcom debt deal expected to reach upwards of $70 billion Positive Sentiment: Analysts remain constructive: BMO initiated coverage with an “outperform” rating and a $455 price target, implying meaningful upside from recent levels. Other recent commentary also argues that Broadcom’s AI cycle and long-term custom-chip position could support further gains. Broadcom Stock Picks Up Another Lofty Bull Note Positive Sentiment: Strong AI demand underpins the bullish case: Reports cite approximately $30 billion in quarterly AI bookings and management’s goal of exceeding $100 billion in AI sales by 2027. Broadcom’s latest reported quarter also showed 47.9% year-over-year revenue growth, reinforcing the company’s momentum. Broadcom’s AI Boom: Is a 2x Stock Gain Still Within Reach? Neutral Sentiment: Debt-funded expansion introduces execution and balance-sheet risk: Borrowing tens of billions of dollars could accelerate AI infrastructure growth, but it would also increase leverage and financing costs if customer demand or deal economics disappoint. Broadcom reportedly eyes nearly $100 billion debt package Negative Sentiment: Marvell’s Google partnership threatens Broadcom’s custom AI-chip dominance: Marvell’s agreement covers products connected to Google’s TPU ecosystem, including inference accelerators and networking components. Google also received warrants that could align it more closely with Marvell, raising concerns about future share loss for Broadcom despite Broadcom’s existing multiyear Google partnership. Marvell Constructs an AI Moat With Alphabet Warrants Wall Street Analyst Weigh In Several equities analysts have commented on AVGO shares. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Mizuho boosted their price target on Broadcom from $480.00 to $530.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Evercore reiterated an “outperform” rating and set a $582.00 price target on shares of Broadcom in a research note on Tuesday, May 19th. TD Cowen reissued a “buy” rating and set a $500.00 price objective on shares of Broadcom in a report on Thursday, June 4th. Finally, Citigroup reissued a “buy” rating on shares of Broadcom in a research note on Thursday, June 4th. Twenty-nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $491.97. Check Out Our Latest Analysis on AVGO

Broadcom Price Performance NASDAQ AVGO opened at $368.45 on Monday. The stock has a 50-day simple moving average of $388.57 and a 200 day simple moving average of $375.10. Broadcom Inc. has a twelve month low of $287.17 and a twelve month high of $495.00. The stock has a market capitalization of $1.75 trillion, a PE ratio of 61.41, a P/E/G ratio of 0.70 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.24.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion for the quarter, compared to analyst estimates of $22.13 billion. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The company’s revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. Research analysts anticipate that Broadcom Inc. will post 10.24 EPS for the current year.

Broadcom Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd. Broadcom’s dividend payout ratio is currently 43.33%.

Insider Activity at Broadcom In other news, Director Justine Page sold 1,602 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gayla J. Delly sold 1,890 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $385.38, for a total transaction of $728,368.20. Following the transaction, the director directly owned 31,326 shares in the company, valued at $12,072,413.88. This trade represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 61,644 shares of company stock worth $24,016,214. Insiders own 1.90% of the company’s stock.

About Broadcom (Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

Recommended Stories Five stocks we like better than Broadcom VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over

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