Recent News
Jan. 6, 2026 — Broadcom unveiled a Unified Wi‑Fi 8 platform at CES targeting AI-enabled home connectivity. Jan. 6–13, 2026 — company filed SEC paperwork and moved to issue $4.5 billion of senior notes to refinance existing maturities. Late Dec–Jan — several brokerages raised price targets and reiterated Outperform/Buy views, accompanying notable insider sales disclosed in public filings.
Technical Analysis
ADX at 17.33 indicates no strong trend currently; directional indicators show reversal behavior with DI+ in a dip & reversal and DI- in a peak & reversal, signaling offsetting bullish impulses while trend strength stays weak.
MACD stands negative at -6.30 with a MACD signal at -6.12, and the MACD shows a dip & reversal; momentum has begun to recover from deeper weakness but remains below zero, tempering near-term upside until a confirmed cross above the signal line occurs.
MRO registers 4.51 with a dip & reversal pattern; the positive MRO indicates price currently sits above the model target, implying downward pressure toward the target despite the recent momentum uptick.
RSI at 47.25 with a decreasing trend places momentum in neutral-to-weak territory, reflecting short-term selling pressure but no oversold signal.
Price sits at $331.30, below the 20‑day average ($335.81) and 50‑day average ($354.49) yet above the 200‑day average ($305.00); short-term moving averages and Ichimoku pivots (Tenkan $336.80, Kijun $337.38) lie above price, suggesting near-term resistance clustered in the mid‑$330s to mid‑$350s range.
Bollinger bands place the price between the 1x lower band ($323.62) and 1x upper band ($347.99), consistent with contained intraday volatility; SuperTrend upper at $348.04 further marks a near-term supply ceiling. Elevated beta readings (42‑day 2.87; 52‑week 1.84) imply higher sensitivity to market moves and episodic volatility.
Fundamental Analysis
Revenue totaled $18,015,000,000 with YoY revenue growth of 72.17% and QoQ growth of 104.70%, driven by AI semiconductor and software segments. Gross margin equals 67.99% and operating margin equals 42.49%, reflecting strong price/cost dynamics across product and software lines.
EBIT reached $7,630,000,000 and EBITDA $9,863,000,000; EBIT margin at 42.35% sits below the industry peer mean of 64.64% and below the industry peer median of 66.65% but well above the industry peer low of 4.54%, indicating robust profitability though trailing peer central measures. Operating leverage near 1.95 amplifies incremental revenue into disproportionate operating income gains.
Net income totaled $8,518,000,000. EPS came in at $1.95 versus an estimate of $1.87, producing an EPS surprise of 4.28%.
Free cash flow equals $7,466,000,000 with a free cash flow yield of 0.44%; that yield falls slightly below the industry peer mean of 0.50% yet remains within the peer range, supporting cash returns including a dividend payout ratio of 32.84% and dividend coverage of 3.05x.
Leverage measures show total debt $65,136,000,000, net debt $48,958,000,000, debt to EBITDA ~6.60x and debt to equity ~0.80. Interest coverage at 10.03x provides a material buffer on interest obligations although leverage sits above typical low‑leverage peers—company used a $4.5 billion senior note issuance to refinance near‑term maturities per recent filings.
Return on equity stands at 10.48% and return on assets at 5.06%; asset turnover remains low at ~10.70%, reflecting a capital‑intensive asset base and significant intangible assets ($130,074,000,000). Cash conversion cycle at 47.22 days sits below the industry peer mean of 106.36 days, indicating efficient working capital management.
Valuation: WMDST values the stock as fair‑valued. Price multiples show a trailing P/E of 182.18x and forward P/E around 97.08x; price‑to‑book near 20.72x while price‑to‑sales measures sit elevated—these reflect strong near‑term earnings and cash flow but also a premium multiple structure relative to many peer central measures.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-10-31 |
| REPORT DATE: | 2025-12-11 |
| NEXT REPORT DATE: | 2026-03-12 |
| CASH FLOW | Begin Period Cash Flow | $ 10.7 B |
| Operating Cash Flow | $ 10.1 B | |
| Capital Expenditures | $ -237.00 M | |
| Change In Working Capital | $ -2.35 B | |
| Dividends Paid | $ -2.80 B | |
| Cash Flow Delta | $ 5.5 B | |
| End Period Cash Flow | $ 16.2 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 18.0 B | |
| Forward Revenue | $ 8.7 B | |
| COSTS | ||
| Cost Of Revenue | $ 5.8 B | |
| Depreciation | $ 148.0 M | |
| Depreciation and Amortization | $ 2.2 B | |
| Research and Development | $ 3.0 B | |
| Total Operating Expenses | $ 10.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 12.2 B | |
| EBITDA | $ 9.9 B | |
| EBIT | $ 7.6 B | |
| Operating Income | $ 7.7 B | |
| Interest Income | $ 347.0 M | |
| Interest Expense | $ 761.0 M | |
| Net Interest Income | $ -414.00 M | |
| Income Before Tax | $ 6.9 B | |
| Tax Provision | $ -1.65 B | |
| Tax Rate | 21.0 % | |
| Net Income | $ 8.5 B | |
| Net Income From Continuing Operations | $ 8.5 B | |
| EARNINGS | ||
| EPS Estimate | $ 1.87 | |
| EPS Actual | $ 1.95 | |
| EPS Difference | $ 0.08 | |
| EPS Surprise | 4.278 % | |
| Forward EPS | $ 3.47 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 171.1 B | |
| Intangible Assets | $ 130.1 B | |
| Net Tangible Assets | $ -48.78 B | |
| Total Current Assets | $ 31.6 B | |
| Cash and Short-Term Investments | $ 16.2 B | |
| Cash | $ 16.2 B | |
| Net Receivables | $ 7.1 B | |
| Inventory | $ 2.3 B | |
| Long-Term Investments | $ 6.9 B | |
| LIABILITIES | ||
| Accounts Payable | $ 1.6 B | |
| Short-Term Debt | $ 3.2 B | |
| Total Current Liabilities | $ 18.5 B | |
| Net Debt | $ 49.0 B | |
| Total Debt | $ 65.1 B | |
| Total Liabilities | $ 89.8 B | |
| EQUITY | ||
| Total Equity | $ 81.3 B | |
| Retained Earnings | $ 9.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.15 | |
| Shares Outstanding | 4.741 B | |
| Revenue Per-Share | $ 3.80 | |
| VALUATION | Market Capitalization | $ 1.7 T |
| Enterprise Value | $ 1.7 T | |
| Enterprise Multiple | 175.732 | |
| Enterprise Multiple QoQ | 6.166 % | |
| Enterprise Multiple YoY | 63.221 % | |
| Enterprise Multiple IPRWA | AVGO: 175.732 high: 114.045 median: 114.045 mean: 110.237 low: 28.156 |
|
| EV/R | 96.211 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.105 | |
| Asset To Liability | 1.905 | |
| Debt To Capital | 0.445 | |
| Debt To Assets | 0.381 | |
| Debt To Assets QoQ | -1.831 % | |
| Debt To Assets YoY | 4962.633 % | |
| Debt To Assets IPRWA | AVGO: 0.381 high: 0.251 mean: 0.074 low: 0.065 median: 0.065 |
|
| Debt To Equity | 0.801 | |
| Debt To Equity QoQ | -8.586 % | |
| Debt To Equity YoY | 4254.674 % | |
| Debt To Equity IPRWA | AVGO: 0.801 high: 0.419 mean: 0.106 low: 0.088 median: 0.088 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 20.719 | |
| Price To Book QoQ | 15.073 % | |
| Price To Book YoY | 76.828 % | |
| Price To Book IPRWA | high: 37.589 median: 37.589 mean: 35.56 AVGO: 20.719 low: 1.718 |
|
| Price To Earnings (P/E) | 182.185 | |
| Price To Earnings QoQ | 10.195 % | |
| Price To Earnings YoY | 52.876 % | |
| Price To Earnings IPRWA | high: 262.082 AVGO: 182.185 mean: 145.792 median: 109.545 low: 39.301 |
|
| PE/G Ratio | 11.842 | |
| Price To Sales (P/S) | 93.494 | |
| Price To Sales QoQ | 13.041 % | |
| Price To Sales YoY | 65.698 % | |
| Price To Sales IPRWA | AVGO: 93.494 high: 78.398 median: 78.398 mean: 74.97 low: 7.958 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 97.08 | |
| Forward PE/G | 6.31 | |
| Forward P/S | 193.632 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.952 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.107 | |
| Asset Turnover Ratio QoQ | 10.765 % | |
| Asset Turnover Ratio YoY | 27.015 % | |
| Asset Turnover Ratio IPRWA | high: 0.378 median: 0.378 mean: 0.36 AVGO: 0.107 low: 0.066 |
|
| Receivables Turnover | 2.642 | |
| Receivables Turnover Ratio QoQ | -0.167 % | |
| Receivables Turnover Ratio YoY | -14.653 % | |
| Receivables Turnover Ratio IPRWA | high: 3.884 AVGO: 2.642 mean: 1.94 median: 1.863 low: 1.384 |
|
| Inventory Turnover | 2.591 | |
| Inventory Turnover Ratio QoQ | 3.604 % | |
| Inventory Turnover Ratio YoY | -6.283 % | |
| Inventory Turnover Ratio IPRWA | AVGO: 2.591 high: 0.973 median: 0.872 mean: 0.869 low: 0.756 |
|
| Days Sales Outstanding (DSO) | 34.542 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 47.215 | |
| Cash Conversion Cycle Days QoQ | -2.484 % | |
| Cash Conversion Cycle Days YoY | 48.691 % | |
| Cash Conversion Cycle Days IPRWA | high: 109.359 median: 109.359 mean: 106.361 AVGO: 47.215 low: 39.488 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.38 | |
| CapEx To Revenue | -0.013 | |
| CapEx To Depreciation | -1.601 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 143.3 B | |
| Net Invested Capital | $ 146.4 B | |
| Invested Capital | $ 146.4 B | |
| Net Tangible Assets | $ -48.78 B | |
| Net Working Capital | $ 13.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.874 | |
| Current Ratio | 1.705 | |
| Current Ratio QoQ | 13.954 % | |
| Current Ratio YoY | 45.315 % | |
| Current Ratio IPRWA | high: 4.468 median: 4.468 mean: 4.328 low: 2.014 AVGO: 1.705 |
|
| Quick Ratio | 1.583 | |
| Quick Ratio QoQ | 15.866 % | |
| Quick Ratio YoY | 48.175 % | |
| Quick Ratio IPRWA | high: 3.709 median: 3.709 mean: 3.591 low: 1.644 AVGO: 1.583 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.604 | |
| Cost Of Debt | 0.961 % | |
| Interest Coverage Ratio | 10.026 | |
| Interest Coverage Ratio QoQ | 32.817 % | |
| Interest Coverage Ratio YoY | 96.283 % | |
| Interest Coverage Ratio IPRWA | high: 622.902 median: 622.902 mean: 587.579 AVGO: 10.026 low: 2.194 |
|
| Operating Cash Flow Ratio | 0.548 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 26.007 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.045 | |
| Dividend Payout Ratio | 0.328 | |
| Dividend Rate | $ 0.59 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.303 % | |
| Revenue Growth | 12.933 % | |
| Revenue Growth QoQ | 104.701 % | |
| Revenue Growth YoY | 72.165 % | |
| Revenue Growth IPRWA | AVGO: 12.933 % high: 6.085 % median: 6.085 % mean: 5.779 % low: -6.192 % |
|
| Earnings Growth | 15.385 % | |
| Earnings Growth QoQ | 120.985 % | |
| Earnings Growth YoY | 5.986 % | |
| Earnings Growth IPRWA | high: 23.81 % mean: 21.187 % AVGO: 15.385 % median: 7.534 % low: -34.783 % |
|
| MARGINS | ||
| Gross Margin | 67.993 % | |
| Gross Margin QoQ | 1.338 % | |
| Gross Margin YoY | 6.151 % | |
| Gross Margin IPRWA | high: 73.412 % median: 73.412 % mean: 71.5 % AVGO: 67.993 % low: 36.149 % |
|
| EBIT Margin | 42.354 % | |
| EBIT Margin QoQ | 10.903 % | |
| EBIT Margin YoY | 27.216 % | |
| EBIT Margin IPRWA | high: 109.26 % median: 66.654 % mean: 64.642 % AVGO: 42.354 % low: 4.541 % |
|
| Return On Sales (ROS) | 42.487 % | |
| Return On Sales QoQ | 11.582 % | |
| Return On Sales YoY | 27.615 % | |
| Return On Sales IPRWA | high: 63.169 % median: 63.169 % mean: 59.971 % AVGO: 42.487 % low: 4.022 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 7.5 B | |
| Free Cash Flow Yield | 0.443 % | |
| Free Cash Flow Yield QoQ | -16.729 % | |
| Free Cash Flow Yield YoY | -35.89 % | |
| Free Cash Flow Yield IPRWA | high: 2.999 % mean: 0.499 % median: 0.495 % AVGO: 0.443 % low: 0.407 % |
|
| Free Cash Growth | 6.293 % | |
| Free Cash Growth QoQ | -34.187 % | |
| Free Cash Growth YoY | -56.368 % | |
| Free Cash Growth IPRWA | high: 561.157 % mean: 84.794 % median: 64.18 % low: 22.906 % AVGO: 6.293 % |
|
| Free Cash To Net Income | 0.876 | |
| Cash Flow Margin | 56.275 % | |
| Cash Flow To Earnings | 1.19 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 5.06 % | |
| Return On Assets QoQ | 101.835 % | |
| Return On Assets YoY | 95.216 % | |
| Return On Assets IPRWA | high: 21.14 % median: 21.14 % mean: 20.042 % AVGO: 5.06 % low: -0.284 % |
|
| Return On Capital Employed (ROCE) | 5.001 % | |
| Return On Equity (ROE) | 0.105 | |
| Return On Equity QoQ | 85.451 % | |
| Return On Equity YoY | 64.001 % | |
| Return On Equity IPRWA | high: 0.268 median: 0.268 mean: 0.255 AVGO: 0.105 low: -0.005 |
|
| DuPont ROE | 11.022 % | |
| Return On Invested Capital (ROIC) | 4.116 % | |
| Return On Invested Capital QoQ | 18.583 % | |
| Return On Invested Capital YoY | -109.023 % | |
| Return On Invested Capital IPRWA | high: 25.094 % median: 25.094 % mean: 23.815 % AVGO: 4.116 % low: 0.305 % |
|