Broadcom (AVGO) is one of the world’s leading technology companies specializing in semiconductor infrastructure software. The company works on everything, from data centers and networking gear to wireless devices and cybersecurity solutions. Broadcom’s cutting-edge chips and systems enable faster internet, AI innovations, and secure enterprise operations for tech giants.
Founded in 1991, the company is headquartered in Palo Alto, California, with operations spanning across 25 countries.
Broadcom’s stock has shown mixed performance lately as the stock reacts to market volatility with a drop of 3% over the previous five days and a negative 7% return over a month. Year-to-date (YTD), the stock reflects broader tech pressure, sliding over 6% while being down 11% in the last three months. However, on a longer time frame, like 52 weeks, it provides a 48% return, which further increases to 164% in two years.
Compare this to the S&P 100 ($ONE) index, which outperforms Broadcom on the near side as it maintains a flat performance while Broadcom struggles, while the S&P 100 loses out heavily in the longer timeframe, where it provided a 17% return in 52 weeks and 46% in two years.
Broadcom posted stellar Q4 2025 results on Dec. 11, 2025, with adjusted earnings reaching $1.95 per share, topping analyst estimates of $1.87. Revenue for the quarter reached a record $18.0 billion, up 28% year-over-year (YoY) while beating analyst forecasts of $17.6 billion.
Looking into the company’s financials, adjusted EBITDA totaled $12.2 billion, spiking 34% YoY with free cash flow growing 36% to $7.5 billion, taking the full-year FCF to $26.9 billion. Semiconductor revenue hit $11.1 billion, increasing 35% YoY, citing accelerated AI demand. Operating margin touches 66.2% with expenses rising 16% to $2.1 billion with heavy R&D work while cash reserves stood firmly at $16.2 billion, increasing 73% YoY.
Management also included Q1 2026 guidance where they anticipate revenue of $19.1 billion, signaling a 28% growth rate, while continued AI demand is expected to double semiconductor revenue to $8.2 billion. Lastly, the adjusted EBITDA margin is expected to be 67%.
