Broadcom Inc.'s Stock Analysis

Broadcom Enters Long-Term Agreements with Google and Anthropic

Broadcom Inc. has secured a Long Term Agreement with Google LLC to develop and supply custom Tensor Processing Units (TPUs) for Google's future AI technologies, extending through 2031. Additionally, Broadcom will provide networking components for Google's next-generation AI racks as part of this agreement.

In a separate expansion of their collaboration, Broadcom, Google, and Anthropic PBC will enable Anthropic to access approximately 3.5 gigawatts of TPU-based AI compute capacity starting in 2027. This arrangement is contingent on Anthropic's commercial success and involves ongoing discussions with operational and financial partners.

Apr 06, 2026 17:22:08

Broadcom Announces CFO Transition and Compensation Details

Kirsten M. Spears will retire as Chief Financial Officer of Broadcom on June 12, 2026, after notifying the company on March 30, 2026. Amie Thuener has been appointed to succeed her, with her employment set to begin on May 4, 2026. Thuener previously served as Vice President, Corporate Controller, and Chief Accounting Officer at Alphabet Inc. and brings extensive experience in finance. There are no reported conflicts of interest regarding her appointment.

In conjunction with her transition, Ms. Spears will provide consulting services until March 15, 2027, and her equity awards will continue to vest. Thuener's compensation includes a base salary of $700,000, a target bonus opportunity of 100% of her salary, and a $1,000,000 sign-on bonus. She will also receive equity awards consisting of 50,000 restricted stock units and 50,000 performance stock units, which will vest over a four-year period based on performance metrics related to stockholder returns.

Apr 02, 2026 17:25:00

Broadcom Reports First Quarter Results and Announces Dividend

Broadcom Inc. reported its first quarter financial results for fiscal year 2026, ending February 1, 2026, with revenue of $19.3 billion, a 29% increase from the previous year. The company achieved a GAAP net income of $7.3 billion and a non-GAAP net income of $10.2 billion, resulting in diluted earnings per share of $1.50 and $2.05, respectively. Cash from operations was $8.3 billion, leading to a free cash flow of $8.0 billion, which is 41% of revenue. The company also announced a quarterly cash dividend of $0.65 per share, payable on March 31, 2026, to shareholders of record by March 23, 2026.

Looking ahead, Broadcom provided guidance for the second quarter of fiscal year 2026, projecting revenue of approximately $22.0 billion, representing a 47% year-over-year increase. The company anticipates adjusted EBITDA to remain at about 68% of revenue. Additionally, Broadcom initiated a new share repurchase program authorizing the buyback of up to $10 billion of its common stock through December 31, 2026. This announcement reflects the company's commitment to returning capital to shareholders while continuing to capitalize on growth opportunities in the semiconductor market.

Mar 04, 2026 16:16:10

Broadcom Board Member Eddy Hartenstein to Retire in 2026

Eddy W. Hartenstein will retire from Broadcom's Board of Directors at the conclusion of his term during the 2026 annual meeting of stockholders. His resignation is in accordance with the company's Corporate Governance Guidelines, as he has reached the age of 75, and is not due to any disagreements with Broadcom.

Following Mr. Hartenstein's retirement, the size of Broadcom's Board will decrease to eight members. The company expresses gratitude for his contributions during his tenure on the Board.

Mar 02, 2026 17:00:50

Broadcom Issues $4.5 Billion in Senior Notes for Debt Repayment

Broadcom Inc. has entered into an underwriting agreement to issue $4.5 billion in senior notes with varying maturities and interest rates. The notes include $750 million due in 2031, $1.25 billion due in 2033, $1.25 billion due in 2036, and $1.25 billion due in 2056. These notes are unsecured obligations and will rank equally with the company's existing unsecured indebtedness. The proceeds from this issuance are intended for general corporate purposes and debt repayment.

The company has provided notice for the redemption of several outstanding senior notes, including $1.118 billion of 4.110% notes due in 2028, $875 million of 4.150% notes due in 2028, $757 million of 5.050% notes due in 2027, and $1.25 billion of 3.900% notes due in 2027. The redemption will occur on specified dates in January and February 2026, with the redemption price based on the greater of the principal amount or the present value of remaining payments. Investors can refer to the prospectus supplement for more detailed information about the notes offering.

Jan 13, 2026 16:06:00

Broadcom Reports Q4 2025 Results and Dividend Increase

Broadcom Inc. reported fourth quarter revenue of $18.0 billion, a 28% increase from the same period last year. The company achieved a GAAP net income of $8.5 billion and a non-GAAP net income of $9.7 billion. Adjusted EBITDA for the quarter was $12.2 billion, representing 68% of revenue. The company also generated $7.7 billion in cash from operations, resulting in $7.5 billion of free cash flow. In fiscal year 2025, adjusted EBITDA rose 35% year-over-year to $43.0 billion, with free cash flow totaling $26.9 billion.

Additionally, Broadcom's Board of Directors declared a quarterly cash dividend of $0.65 per share, a 10% increase from the previous quarter. This dividend is set to be paid on December 31, 2025, to stockholders of record by December 22, 2025. For the first quarter of fiscal year 2026, the company provided revenue guidance of approximately $19.1 billion, also reflecting a 28% year-over-year increase, with an expected adjusted EBITDA margin of 67%.

Dec 11, 2025 16:17:37

Broadcom Issues $5 Billion in Senior Notes to Investors

Broadcom Inc. has entered into an underwriting agreement to issue $5 billion in senior notes, which includes $1 billion of 4.200% notes due in 2030, $2.25 billion of 4.800% notes due in 2036, and $1.75 billion of 4.900% notes due in 2038. These notes are registered under the Securities Act and were sold to underwriters including J.P. Morgan Securities LLC and BofA Securities, Inc. The notes will be unsecured and rank equally with the company's other unsecured obligations but will not be guaranteed by its subsidiaries.

Additionally, Broadcom's subsidiaries have announced the redemption of several outstanding senior notes, including $2.92 billion of 3.875% notes, $215 million of 4.700% notes, and $500 million of 4.650% notes, all due in 2027. The redemption will occur at a price of 100% of the principal amount plus present values of remaining payments, with specified adjustments based on the Treasury Rate. Investors can refer to the prospectus supplement for detailed terms and conditions of the notes offering.

Sep 29, 2025 16:08:40

Broadcom Completes VMware Acquisition, Financial Details Released

Broadcom Inc. completed its acquisition of VMware, Inc. on November 22, 2023. Following the merger, VMware became a wholly owned subsidiary of Broadcom, resulting in VMware shareholders receiving approximately $30.8 billion in cash and 544 million shares of Broadcom common stock. The deal was financed through cash reserves and $30.4 billion in term loans, with Broadcom identified as the accounting acquirer for the transaction.

The unaudited pro forma financial information for the fiscal year ending November 3, 2024, has been provided, reflecting the combined operations of Broadcom and VMware. This information includes various adjustments for stock-based compensation and interest expenses related to the financing of the acquisition. The pro forma financials do not project future operating results and should be viewed in conjunction with Broadcom's historical financial statements.

Sep 10, 2025 16:16:49

Broadcom's CEO Incentive Tied to AI Revenue Growth

Broadcom Inc. has granted its President and CEO, Hock E. Tan, a performance stock unit (PSU) award designed to incentivize leadership through fiscal 2030. This award is contingent upon achieving specific revenue targets related to the company's artificial intelligence (AI) products during a performance period from fiscal 2028 to fiscal 2030. The Board of Directors believes that continued leadership and innovation in AI technology are crucial for the company's competitive positioning in the rapidly evolving tech industry.

The Tan PSU Award includes rigorous performance goals where Mr. Tan will earn shares based on the company's AI revenue growth. The total number of shares subject to the award is 610,521, with vesting contingent on meeting defined revenue benchmarks. If the revenue falls below a certain threshold, the award will be forfeited. Additionally, Mr. Tan has agreed to hold shares received from a previous PSU award until November 2030, with restrictions on transferring these shares unless certain conditions are met.

Sep 09, 2025 17:28:00

Broadcom Reports Q3 2025 Financial Results and Dividend Declaration

Broadcom Inc. reported third quarter fiscal year 2025 revenue of $15,952 million, marking a 22% increase compared to the same period last year. The company achieved a GAAP net income of $4,140 million and a non-GAAP net income of $8,404 million. Adjusted EBITDA for the quarter was $10,702 million, representing 67% of revenue. Free cash flow reached $7,024 million, or 44% of revenue. The company also declared a quarterly cash dividend of $0.59 per share, payable on September 30, 2025, to stockholders of record on September 22, 2025.

Looking ahead, Broadcom provided guidance for the fourth quarter of fiscal year 2025, expecting revenue of approximately $17.4 billion, which would be a 24% increase year-over-year. The company anticipates adjusted EBITDA to remain at 67% of projected revenue. Cash and cash equivalents at the end of the quarter were reported at $10,718 million, up from $9,472 million in the previous quarter. The company continues to see growth in AI semiconductor revenue, with expectations for further increases in the coming quarter.

Sep 04, 2025 16:19:50