Broadcom (AVGO) stock
Information Technology · Semiconductors
Broadcom (AVGO) is a Semiconductors company in the Information Technology sector, headquartered in Palo Alto, California. As of October 23, 2026, AVGO closed at $321.68, a market capitalization of $1.54 trillion, the 8th largest company in the S&P 500. Over the last twelve months it generated $89.10 billion in revenue (+86% year over year) and $39.40 billion in free cash flow. The stock trades at 42.9x trailing earnings and 16.6x forward earnings.
- 1-year total return: -5.9% (dividends reinvested)
- 5-year return: +46.8% a year
- 52-week range: $289.96 – $495.00
- Gross margin 75.5%, operating margin 54.3%
- Dividend yield: 0.81%, 6 straight years of increases
- FI Handbook report card: B across 10 metrics
- 4th largest of 75 Information Technology stocks in the S&P 500
AVGO price chart
1Y price change: -6.6% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| AVGO | -9.4% | -6.5% | -5.9% | +56.8% | +46.8% | +37.5% | +38.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2009.
AVGO key statistics
- Market cap
- $1.5T
- #8 in S&P 500
- P/E (TTM)
- 42.9x
- Forward P/E
- 16.6x
- EPS (TTM)
- $7.49
- Revenue (TTM)
- $89.1B
- +86%
- Free cash flow
- $39.4B
- Gross margin
- 75.5%
- Operating margin
- 54.3%
- Return on equity
- 44.2%
- Dividend yield
- 0.81%
- 52-week range
- $289.96 – $495.00
- Beta
- 1.48
- Price / sales
- 17.2x
- EV / EBITDA
- 30.1x
- Debt / equity
- 0.60x
- Employees
- 33,000
AVGO report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth85.5%A
- Gross margin75.5%A
- Operating margin54.3%A
- FCF margin44.2%A
- Return on equity44.2%A
- Net debt / EBITDA0.7xB
- Forward P/E16.6xB
- PEG ratio0.4xA
- Shareholder yield1.0%D
- Share count change / yr2.9%F
Broadcom financials
Revenue went from $13.2B in fiscal 2016 to $63.9B in fiscal 2025, growing 19.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.2B | $17.6B | $20.8B | $22.6B | $23.9B | $27.4B | $33.2B | $35.8B | $51.6B | $63.9B |
| Gross profit | $5.9B | $8.5B | $10.7B | $12.5B | $13.5B | $16.8B | $22.1B | $24.7B | $32.5B | $43.3B |
| Operating income | -$409.0M | $2.4B | $5.1B | $3.4B | $4.0B | $8.5B | $14.2B | $16.2B | $13.5B | $25.5B |
| Net income | -$1.7B | $1.7B | $12.3B | $2.7B | $3.0B | $6.7B | $11.5B | $14.1B | $5.9B | $23.1B |
| EPS (diluted) | $-0.49 | $0.40 | $2.84 | $0.64 | $0.63 | $1.50 | $2.65 | $3.30 | $1.23 | $4.77 |
| Free cash flow | $2.7B | $5.5B | $8.2B | $9.3B | $11.6B | $13.3B | $16.3B | $17.6B | $19.4B | $26.9B |
| Buybacks | $0 | $0 | $7.3B | $5.4B | $0 | $0 | $7.0B | $5.8B | $7.2B | $2.5B |
| Dividends paid | $750.0M | $1.7B | $3.0B | $4.2B | $5.5B | $6.2B | $7.0B | $7.6B | $9.8B | $11.1B |
| Diluted shares | 3.8B | 4.2B | 4.3B | 4.2B | 4.2B | 4.3B | 4.2B | 4.3B | 4.8B | 4.9B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into AVGO?
A reverse DCF asks what growth the current price requires. With an enterprise value of $1.6T and $39.4B of trailing free cash flow, Broadcom needs to grow free cash flow about 28.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 18.3% a year over the last five years.
P/E ratio history
Current 67.4x vs. median 51.4x (10th–90th percentile 11.2x–144.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
AVGO dividend
- Dividend yield
- 0.81%
- Annual dividend
- $2.60
- Years of increases
- 6
- 5-yr dividend growth
- 12.6%
- per year
- Payout ratio
- 32%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
AVGO analyst price targets
48 analysts' average 12-month target is $529.10 (+64% vs. $321.68). Targets range from $215.88 to $660.00. 94% rate it a buy.
AVGO earnings
Next report: September 2, 2026. Broadcom has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jun 3, 2026 | $2.40 | $2.44 | +1.7% |
| Mar 4, 2026 | $2.02 | $2.05 | +1.3% |
| Dec 11, 2025 | $1.87 | $1.95 | +4.4% |
| Sep 4, 2025 | $1.66 | $1.69 | +1.6% |
| Jun 5, 2025 | $1.57 | $1.58 | +0.6% |
| Mar 6, 2025 | $1.51 | $1.60 | +6.1% |
| Dec 12, 2024 | $1.39 | $1.42 | +2.0% |
| Sep 5, 2024 | $1.21 | $1.24 | +2.8% |
Stocks like AVGO
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 MU Micron Technology | +2.46% | +325% | $992.9B | 11.8x | Compare |
 AMD Advanced Micro Devices | +1.74% | +120% | $843.6B | 131.8x | Compare |
 INTC Intel | +1.72% | +128% | $459.7B | — | Compare |
 TXN Texas Instruments | +1.86% | +70% | $260.0B | 36.9x | Compare |
 MRVL Marvell Technology | +2.26% | +177% | $205.4B | 75.2x | Compare |
 ADI Analog Devices | +1.38% | +63% | $189.5B | 46.4x | Compare |
 QCOM QUALCOMM | +1.78% | +6% | $187.8B | 20.4x | Compare |
AVGO news
- Why Are Investors Buying Credit Default Swaps to Hedge AI-Related Debt? · Oct 25, 2026
- Where Will Broadcom Stock Be in 5 Years? · Oct 25, 2026
- Broadcom Stock Is Down 7% in a Year. Cheap for a Reason or Too Cheap to Ignore? · Oct 24, 2026
- Broadcom vs. Dell Technologies: Which Stock Is AI Powering to Be a Better Buy in 2026? · Oct 24, 2026
- Nvidia vs. Broadcom: One Grew AI Revenue 221% Last Quarter. The Other Grew 117%. · Oct 24, 2026
AVGO stock FAQ
What is AVGO's market cap?
Broadcom's market capitalization is $1.54 trillion as of October 23, 2026, ranking 8th in the S&P 500.
What is AVGO's P/E ratio?
AVGO trades at a trailing price-to-earnings ratio of 42.9x and a forward P/E of 16.6x. Its median P/E over the period we track is 51.4x.
Does AVGO pay a dividend?
Yes. Broadcom pays $2.60 per share a year, a 0.81% yield. It has raised its dividend 6 years in a row. Dividends grew 12.6% a year over the last five years.
How much has AVGO stock returned?
Including reinvested dividends, AVGO returned -5.9% over one year, +46.8% a year over five years, +37.5% a year over ten years through October 23, 2026.
Is AVGO stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Broadcom must grow free cash flow about 28% a year for the next decade. Its free cash flow grew 18% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the AVGO price target?
48 analysts cover AVGO with an average 12-month price target of $529.10, +64% from the current price. 94% of them rate it a buy.
When does AVGO report earnings?
Broadcom is expected to report earnings on September 2, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Broadcom have?
Broadcom has about 33,000 full-time employees, or $2.7 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology