Broadcom Inc. (AVGO) income statement
NASDAQ · Technology · Semiconductors · 33,000 employees · CEO Hock E. Tan
- Price
- $326.08 -5.48%
- Market cap
- $1.56T
- Enterprise value
- $1.59T
- Last report
- Q3 '26 filed 2026-09-10
- Next report
- 2026-12-09 EPS est. $3.82
Broadcom Inc. (AVGO) reported revenue of $29.6B for Q3 '26 (+85.5% year on year), operating income of $16.1B (54.3% of revenue) and net income of $13.1B. Over the last four quarters revenue was $89.1B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.3B | $12B | $12.5B | $13.1B | $14.1B | $14.9B | $15B | $16B | $18B | $19.3B | $22.2B | $29.6B | |
| Cost of revenue | $2.89B | $4.59B | $4.71B | $4.72B | $5.05B | $4.77B | $4.81B | $5.25B | $5.77B | $6.15B | $6.77B | $9.14B | |
| Gross profit | $6.41B | $7.38B | $7.78B | $8.36B | $9B | $10.1B | $10.2B | $10.7B | $12.2B | $13.2B | $15.4B | $20.5B | |
| Research & development | $1.39B | $2.31B | $2.42B | $2.35B | $2.23B | $2.25B | $2.69B | $3.05B | $2.98B | $2.97B | $3B | $2.9B | |
| General & administrative | $418M | $1.57B | $1.28B | $1.1B | $1.01B | $949M | $1.08B | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $348M | $1.41B | $1.12B | $1.12B | $1.13B | $683M | $592M | $694M | $653M | $507M | $506M | $507M | |
| Operating expenses | $2.15B | $5.29B | $4.81B | $4.57B | $4.38B | $3.89B | $4.37B | $4.82B | $4.74B | $4.49B | $4.56B | $4.4B | |
| Operating income | $4.24B | $2.08B | $2.97B | $3.79B | $4.63B | $6.26B | $5.83B | $5.89B | $7.51B | $8.67B | $10.9B | $16.1B | |
| Interest expense | $405M | $926M | $1.05B | $1.06B | $864M | $873M | $769M | $754M | $761M | $801M | $776M | $778M | |
| Other non-operating income (gains on investments, FX ...) | -$132M | -$185M | -$87M | -$82M | -$52M | -$103M | -$25M | $61M | -$122M | -$330M | -$47M | $5M | |
| Total non-operating income | -$273M | -$741M | -$960M | -$982M | -$864M | -$770M | -$744M | -$602M | -$639M | -$471M | -$729M | -$783M | |
| Income before tax | $3.97B | $1.34B | $2.01B | $2.81B | $3.76B | $5.49B | $5.09B | $5.29B | $6.87B | $8.2B | $10.1B | $15.3B | |
| Income tax | $443M | $68M | -$116M | $4.24B | -$442M | -$13M | $120M | $1.15B | -$1.65B | $846M | $820M | $2.19B | |
| Net income | $3.52B | $1.33B | $2.12B | -$1.88B | $4.32B | $5.5B | $4.97B | $4.14B | $8.52B | $7.35B | $9.31B | $13.1B | |
| EPS (basic) | $0.85 | $0.29 | $0.46 | -$0.40 | $0.92 | $1.17 | $1.05 | $0.88 | $1.80 | $1.55 | $1.96 | $2.75 | |
| EPS (diluted) | $0.83 | $0.28 | $0.44 | -$0.40 | $0.90 | $1.14 | $1.03 | $0.85 | $1.74 | $1.50 | $1.91 | $2.68 | |
| Shares (basic, weighted) | 4.13B | 4.52B | 4.65B | 4.66B | 4.68B | 4.7B | 4.71B | 4.71B | 4.73B | 4.74B | 4.75B | 4.77B | |
| Shares (diluted, weighted) | 4.27B | 4.67B | 4.8B | 4.66B | 4.83B | 4.84B | 4.83B | 4.86B | 4.89B | 4.89B | 4.88B | 4.89B | |
| Depreciation & amortization | $932M | $2.35B | $2.53B | $2.52B | $2.61B | $2.17B | $2.13B | $2.2B | $2.23B | $2.15B | $2.17B | $2.21B | |
| EBITDA | $5.3B | $4.61B | $5.58B | $6.39B | $7.29B | $8.54B | $7.98B | $8.03B | $9.86B | $11.1B | $13.1B | $18.3B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.2B | $17.6B | $20.8B | $22.6B | $23.9B | $27.5B | $33.2B | $35.8B | $51.6B | $63.9B | |
| Cost of revenue | $7.3B | $9.13B | $10.1B | $10.1B | $10.4B | $10.6B | $11.1B | $11.1B | $19.1B | $20.6B | |
| Gross profit | $5.94B | $8.51B | $10.7B | $12.5B | $13.5B | $16.8B | $22.1B | $24.7B | $32.5B | $43.3B | |
| Research & development | $2.67B | $3.29B | $3.77B | $4.7B | $4.97B | $4.85B | $4.92B | $5.25B | $9.31B | $11B | |
| Sales & marketing | $0 | $2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $806M | $787M | $1.06B | $1.71B | $1.94B | $1.35B | $1.38B | $1.59B | $4.96B | $0 | |
| Other operating expenses | $2.87B | $2.06B | $774M | $2.63B | $2.6B | $2.12B | $1.51B | $1.64B | $4.78B | $2.62B | |
| Operating expenses | $6.35B | $6.14B | $5.6B | $9.04B | $9.5B | $8.33B | $7.81B | $8.48B | $19B | $17.8B | |
| Operating income | -$409M | $2.37B | $5.14B | $3.44B | $4.01B | $8.52B | $14.2B | $16.2B | $13.5B | $25.5B | |
| Interest income | $10M | $44M | $114M | $98M | $53M | $16M | $100M | $535M | $461M | $347M | |
| Interest expense | $585M | $454M | $628M | $1.44B | $1.78B | $1.89B | $1.74B | $1.62B | $3.95B | $3.21B | |
| Other non-operating income (gains on investments, FX ...) | $113M | $92M | -$38M | -$226M | -$206M | -$131M | $54M | -$512M | -$406M | -$455M | |
| Total non-operating income | -$698M | -$546M | -$590M | -$1.22B | -$1.57B | -$1.75B | -$1.79B | -$1.11B | -$3.55B | -$2.76B | |
| Income before tax | -$1.11B | $1.83B | $4.55B | $2.23B | $2.44B | $6.77B | $12.4B | $15.1B | $9.92B | $22.7B | |
| Income tax | $642M | $35M | -$8.08B | -$510M | -$518M | $29M | $939M | $1.02B | $3.75B | -$397M | |
| Net income | -$1.74B | $1.69B | $12.3B | $2.72B | $2.96B | $6.74B | $11.5B | $14.1B | $5.9B | $23.1B | |
| EPS (basic) | -$0.48 | $0.42 | $2.93 | $0.68 | $0.66 | $1.57 | $2.74 | $3.39 | $1.27 | $4.91 | |
| EPS (diluted) | -$0.44 | $0.42 | $2.84 | $0.64 | $0.63 | $1.50 | $2.65 | $3.30 | $1.23 | $4.77 | |
| Shares (basic, weighted) | 3.66B | 4.05B | 4.18B | 3.98B | 4.02B | 4.1B | 4.09B | 4.15B | 4.62B | 4.71B | |
| Shares (diluted, weighted) | 3.83B | 4.09B | 4.31B | 4.19B | 4.21B | 4.29B | 4.23B | 4.27B | 4.78B | 4.85B | |
| Depreciation & amortization | $3.04B | $4.74B | $4.08B | $5.81B | $6.91B | $6.04B | $4.98B | $3.84B | $10B | $8.78B | |
| EBITDA | $2.52B | $7.02B | $9.25B | $9.48B | $11.1B | $14.7B | $19.2B | $20.6B | $23.9B | $34.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-02, 10-Q 2026-05-03, 10-Q 2026-02-01, 10-K 2025-11-02, 10-Q 2025-08-03, 10-Q 2025-05-04, 10-Q 2025-02-02, 10-K 2024-11-03, 10-Q 2024-08-04
Data as of 2026-11-01