AVGO Broadcom Inc. - Common Stock

NASDAQ · Semiconductors · View on SEC EDGAR ↗
$413.91
Price · May 20, 2026
Fundamentals as of Mar 11, 2026
52W Range
$226–$442
87% of range
Analyst Rating
BUY
57 analysts
Price Target
$483
+17% upside
P/E (TTM)
77.5
ROE
30.7%
Net Profit Margin
36.2%

AVGO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$413.91
Market Cap
$1.75T
P/E (TTM)
77.5
EPS (TTM)
$4.77
Revenue (TTM)
$63.89B
Div Yield
0.64%
ROE
30.7%
Debt/Equity
0.0
52W Range
$226 – $442

AVGO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $63.89B
10-point trend, +382.5%
2016-10-30 → 2025-11-02
EPS $4.77
10-point trend, +198.1%
2016-10-30 → 2025-11-02
Free Cash Flow $26.91B
8-point trend, +226.4%
2018-11-04 → 2025-11-02
Margins 36.2%
8-point trend, +31.6%
2018-11-04 → 2025-11-02

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
AVGO
Peer Median
P/E (TTM)
5-point trend, +2086.2%
77.5
39.4
P/S (TTM)
5-point trend, +3329.2%
27.4
10.1
P/B
5-point trend, +2350.5%
21.6
7.9
EV / EBITDA
5-point trend, +1074.1%
68.3
—
Price / FCF
5-point trend, +3850.0%
65.1
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
AVGO
Peer Median
Gross Margin
5-point trend, +10.4%
67.8%
55.3%
Operating Margin
5-point trend, +28.6%
39.9%
—
Net Profit Margin
5-point trend, +47.5%
36.2%
28.7%
ROA
5-point trend, +54.6%
13.7%
12.9%
ROE
5-point trend, +12.2%
30.7%
22.0%
ROIC
5-point trend, +134.2%
30.7%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
AVGO
Peer Median
Debt / Equity
5-point trend, -97.6%
0.0
28.6
Current Ratio
5-point trend, -35.4%
1.7
2.4
Quick Ratio
5-point trend, -44.4%
1.3
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
AVGO
Peer Median
Revenue YoY
5-point trend, +132.7%
23.9%
—
Revenue CAGR 3Y
5-point trend, +132.7%
24.4%
—
Revenue CAGR 5Y
5-point trend, +132.7%
21.7%
—
EPS YoY
5-point trend, -68.2%
287.8%
—
Net Income YoY
5-point trend, +243.3%
292.3%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
AVGO
Peer Median
EPS (Diluted)
5-point trend, -68.2%
$4.77
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
AVGO
Peer Median
Payout Ratio
5-point trend, -47.8%
48.2%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.64%
Payout Ratio
48.2%
5Y Div CAGR
—
Ex-dateAmount
March 23, 2026$0.6500
Dec. 22, 2025$0.6500
Sept. 22, 2025$0.5900
June 20, 2025$0.5900
March 20, 2025$0.5900
Dec. 23, 2024$0.5900
Sept. 19, 2024$0.5300
June 24, 2024$0.5250
March 20, 2024$0.5250
Dec. 19, 2023$0.5250
Sept. 20, 2023$0.4600
June 21, 2023$0.4600
March 21, 2023$0.4600
Dec. 19, 2022$0.4600
Sept. 21, 2022$0.4100
June 21, 2022$0.4100
March 21, 2022$0.4100
Dec. 21, 2021$0.4100
Sept. 21, 2021$0.3600
June 21, 2021$0.3600

AVGO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 57 analysts
  • Strong Buy 17 29.8%
  • Buy 36 63.2%
  • Hold 4 7.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

42 analysts · 2026-05-18
Median target $486.50 +17.5%
Mean target $482.99 +16.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Next Report
Jun 03, 2026
Period EPS Actual EPS Est Surprise
March 31, 2026 $2.05 $2.07 -0.02%
Dec. 31, 2025 $1.95 $1.90 0.05%
Sept. 30, 2025 $1.69 $1.68 0.01%
June 30, 2025 $1.58 $1.59 -0.01%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AVGO $1.75T 77.5 23.9% 36.2% 30.7% 67.8%
NVDA $4.57T 38.3 65.5% 55.6% 93.3% 71.1%
MU $136.88B 16.1 48.9% 22.8% 16.6% 39.8%
AMD — 81.1 34.3% — — —
INTC $180.78B -603.3 -0.47% -0.51% -0.25% 34.8%
TXN — 31.8 13.1% 28.3% 30.1% 57.0%
QCOM $181.72B 33.8 13.7% 12.5% 22.7% —
ADI $114.64B 51.3 16.9% 20.6% 6.6% 61.5%
MRVL $68.75B 26.4 42.1% 32.6% 19.3% 51.0%
MPWR $44.15B 70.5 26.4% 22.3% 18.0% 55.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Revenue 10-point trend, +382.5% $63.89B $51.57B $35.82B $33.20B $27.45B $23.89B $22.60B $20.85B $17.64B $13.24B
Cost of Revenue 10-point trend, +182.1% $20.59B $19.07B $11.13B $11.11B $10.61B $10.37B $10.11B $10.12B $9.13B $7.30B
Gross Profit 10-point trend, +628.9% $43.29B $32.51B $24.69B $22.09B $16.84B $13.52B $12.48B $10.73B $8.51B $5.94B
R&D Expense 10-point trend, +310.5% $10.98B $9.31B $5.25B $4.92B $4.85B $4.97B $4.70B $3.77B $3.30B $2.67B
SG&A Expense 10-point trend, +422.5% $4.21B $4.96B $1.59B $1.38B $1.35B $1.94B $1.71B $1.06B $789M $806M
Operating Expenses 10-point trend, +180.5% $17.81B $19.05B $8.48B $7.87B $8.32B $9.50B $9.04B $5.60B $6.14B $6.35B
Operating Income 10-point trend, +6330.8% $25.48B $13.46B $16.21B $14.22B $8.52B $4.01B $3.44B $5.13B $2.37B $-409M
Interest Expense 9-point trend, +575.7% · $3.95B $1.62B $1.74B $1.89B $1.78B $1.44B $628M $454M $585M
Other Non-op 10-point trend, +4450.0% $455M $406M $512M $-54M $131M $206M $226M $144M $74M $10M
Pretax Income 10-point trend, +2153.2% $22.73B $9.92B $15.10B $12.43B $6.76B $2.44B $2.23B $4.54B $1.82B $-1.11B
Income Tax 10-point trend, -161.8% $-397M $3.75B $1.01B $939M $29M $-518M $-510M $-8.08B $35M $642M
Net Income 10-point trend, +1429.8% $23.13B $5.89B $14.08B $11.49B $6.74B $2.96B $2.72B $12.61B $1.78B $-1.74B
EPS (Basic) 10-point trend, +203.4% $4.91 $1.27 $3.39 $2.74 $15.70 $6.62 $6.77 $29.33 $4.18 $-4.75
EPS (Diluted) 10-point trend, +198.1% $4.77 $1.23 $3.30 $2.65 $15.00 $6.33 $6.43 $28.44 $4.02 $-4.86
Shares (Basic) 10-point trend, +1187.4% 4,712,000,000 4,624,000,000 4,149,000,000 4,089,000,000 410,000,000 402,000,000 398,000,000 418,000,000 405,000,000 366,000,000
Shares (Diluted) 10-point trend, +1167.1% 4,853,000,000 4,778,000,000 4,272,000,000 4,232,000,000 429,000,000 421,000,000 419,000,000 431,000,000 421,000,000 383,000,000
EBITDA 8-point trend, +396.3% $25.48B $13.46B $16.21B $14.22B $8.52B $4.01B $3.44B $5.13B · ·
Balance Sheet 30
Annual Balance Sheet data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents 10-point trend, +422.4% $16.18B $9.35B $14.19B $12.42B $12.16B $7.62B $5.05B $4.29B $11.20B $3.10B
Receivables 9-point trend, +191.9% $7.14B $4.42B $3.15B $2.96B $2.07B $2.30B $3.26B $3.33B $2.45B ·
Inventory 9-point trend, +56.9% $2.27B $1.76B $1.90B $1.93B $1.30B $1.00B $874M $1.12B $1.45B ·
Prepaid Expense 9-point trend, +17.7% $518M $1.39B $743M $864M $539M $387M $302M $243M $440M ·
Other Current Assets 9-point trend, +726.0% $5.98B $4.07B $1.61B $1.21B $1.05B $977M $729M $366M $724M ·
Current Assets 9-point trend, +99.5% $31.57B $19.59B $20.85B $18.50B $16.59B $11.89B $9.92B $9.11B $15.82B ·
PP&E (Net) 9-point trend, -2.7% $2.53B $2.52B $2.15B $2.22B $2.35B $2.51B $2.56B $2.63B $2.60B ·
PP&E (Gross) 9-point trend, +81.5% $7.43B $7.03B $6.18B $5.83B $5.54B $5.33B $4.90B $4.53B $4.09B ·
Accum. Depreciation 9-point trend, +227.9% $4.90B $4.50B $4.02B $3.60B $3.20B $2.82B $2.33B $1.89B $1.49B ·
Goodwill 10-point trend, +295.4% $97.80B $97.87B $43.65B $43.61B $43.45B $43.45B $36.71B $26.91B $24.71B $24.73B
Intangibles 9-point trend, +197.9% $32.27B $40.58B $3.87B $7.11B $11.37B $16.78B $17.55B $10.76B $10.83B ·
Other Non-current Assets 9-point trend, +1409.8% $6.92B $5.07B $2.34B $1.80B $1.81B $1.30B $743M $707M $458M ·
Total Assets 9-point trend, +214.4% $171.09B $165.65B $72.86B $73.25B $75.57B $75.93B $67.49B $50.12B $54.42B ·
Accounts Payable 9-point trend, +41.2% $1.56B $1.66B $1.21B $998M $1.09B $836M $855M $811M $1.10B ·
Accrued Liabilities 4-point trend, +212.1% · · · · · $771M $886M $160M $247M ·
Short-term Debt · $0 · · · · · · · ·
Current Liabilities 9-point trend, +632.1% $18.51B $16.70B $7.41B $7.05B $6.28B $6.37B $6.90B $2.34B $2.53B ·
Capital Leases 6-point trend, +124.1% $1.18B $1.14B $359M $389M $460M $527M · · · ·
Deferred Tax 3-point trend, -84.7% · · · · · · $1.53B $115M $10.00B ·
Other Non-current Liabilities 9-point trend, -17.5% $9.30B $14.97B $3.85B $4.41B $4.86B $5.43B $5.61B $3.64B $11.27B ·
Total Liabilities 9-point trend, +187.5% $89.80B $97.97B $48.87B $50.54B $50.58B $52.03B $42.52B $23.47B $31.23B ·
Long-term Debt 6-point trend, +271.2% $65.14B · · · $39.66B $40.99B $32.80B $17.49B $17.55B ·
Total Debt 8-point trend, -82.0% $3.15B $1.25B $1.56B $403M $39.73B $41.06B $32.80B $17.49B · ·
Common Stock 8-point trend, +5000000.00 $5M $5M $4M $0 $0 $0 $0 $0 · ·
Paid-in Capital 8-point trend, +206.2% $71.31B $67.47B $21.09B $21.16B $24.33B $23.98B $25.08B $23.29B · ·
Retained Earnings 9-point trend, +7666.7% $9.76B $0 $2.68B $1.60B $748M $0 $0 $3.49B $-129M ·
AOCI 9-point trend, +339.6% $218M $207M $207M $-54M $-116M $-108M $-140M $-115M $-91M ·
Stockholders' Equity 9-point trend, +250.6% $81.29B $67.68B $23.99B $22.71B $24.96B $23.87B $24.94B $26.66B $23.19B ·
Liabilities + Equity 9-point trend, +214.4% $171.09B $165.65B $72.86B $73.25B $75.57B $75.93B $67.49B $50.12B $54.42B ·
Shares Outstanding 9-point trend, +1059.9% 4,741,000,000 4,686,000,000 4,139,000,000 418,000,000 413,000,000 407,000,000 398,000,000 407,637,618 408,732,155 ·
Cash Flow 18
Annual Cash Flow data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Stock-based Comp 10-point trend, +1014.6% $7.57B $5.74B $2.17B $1.53B $1.70B $1.98B $2.19B $1.23B $921M $679M
Deferred Tax 10-point trend, -586.4% $-2.03B $1.97B $-501M $-45M $-997M $-1.08B $-787M $-8.55B $-235M $418M
Amort. of Intangibles 7-point trend, +205.4% $8.06B $9.27B $3.25B · · · $5.24B $3.57B $4.29B $2.64B
Restructuring 6-point trend, -87.3% · · $29M $30M $113M $233M $746M $228M · ·
Operating Cash Flow 10-point trend, +707.3% $27.54B $19.96B $18.09B $16.74B $13.76B $12.06B $9.70B $8.88B $6.55B $3.41B
CapEx 10-point trend, -13.8% $623M $548M $452M $424M $443M $463M $432M $635M $1.07B $723M
Investing Cash Flow 10-point trend, +94.1% $-580M $-23.07B $-689M $-667M $-245M $-11.11B $-15.42B $-4.67B $-674M $-9.84B
Debt Issued 10-point trend, -19.7% $15.67B $39.95B $0 $1.94B $9.90B $27.80B $28.79B $0 $17.43B $19.51B
Net Debt Issued 8-point trend, +15666000000.00 $15.67B $39.95B $0 $1.94B $9.90B $27.80B $28.79B $0 · ·
Stock Issued 9-point trend, -14.0% $221M $190M $122M $114M $170M $276M $253M $212M $257M ·
Stock Repurchased 10-point trend, +2450000000.00 $2.45B $7.18B $5.82B $7.00B $0 $0 $5.43B $7.26B $0 $0
Net Stock Activity 8-point trend, +69.3% $-2.23B $-6.99B $-5.70B $-6.89B $170M $276M $-5.18B $-7.26B · ·
Dividends Paid 10-point trend, +1385.6% $11.14B $9.81B $7.64B $7.03B $6.21B $5.53B $4.24B $3.00B $1.75B $750M
Financing Cash Flow 10-point trend, -361.3% $-20.13B $-1.73B $-15.62B $-15.82B $-8.97B $1.61B $6.49B $-11.12B $2.23B $7.70B
Net Change in Cash 10-point trend, +435.7% $6.83B $-4.84B $1.77B $253M $4.54B $2.56B $763M $-6.91B $8.11B $1.27B
Taxes Paid 10-point trend, +969.8% $2.59B $3.15B $1.78B $908M $775M $501M $741M $512M $349M $242M
Free Cash Flow 8-point trend, +226.4% $26.91B $19.41B $17.63B $16.31B $13.32B $11.60B $9.27B $8.24B · ·
Levered FCF 7-point trend, +160.8% · $16.96B $16.12B $14.71B $11.44B $9.44B $7.49B $6.50B · ·
Profitability 8
Annual Profitability data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Gross Margin 8-point trend, +31.6% 67.8% 63.0% 68.9% 66.5% 61.4% 56.6% 55.2% 51.5% · ·
Operating Margin 8-point trend, +62.0% 39.9% 26.1% 45.2% 42.8% 31.0% 16.8% 15.2% 24.6% · ·
Net Margin 8-point trend, -38.4% 36.2% 11.4% 39.3% 34.6% 24.5% 12.4% 12.0% 58.8% · ·
Pretax Margin 8-point trend, +63.2% 35.6% 19.2% 42.1% 37.5% 24.6% 10.2% 9.8% 21.8% · ·
EBITDA Margin 8-point trend, +62.0% 39.9% 26.1% 45.2% 42.8% 31.0% 16.8% 15.2% 24.6% · ·
ROA 8-point trend, -41.4% 13.7% 4.9% 19.3% 15.4% 8.9% 4.1% 4.6% 23.4% · ·
ROE 8-point trend, -37.7% 30.7% 8.8% 61.1% 52.8% 27.3% 12.5% 11.7% 49.2% · ·
ROIC 8-point trend, -5.0% 30.7% 12.2% 59.2% 56.9% 13.1% 7.5% 7.3% 32.3% · ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 8-point trend, -56.2% 1.7 1.2 2.8 2.6 2.6 1.9 1.4 3.9 · ·
Quick Ratio 8-point trend, -61.3% 1.3 0.8 2.3 2.2 2.3 1.6 1.2 3.3 · ·
Debt / Equity 8-point trend, -94.1% 0.0 0.0 0.1 0.0 1.6 1.7 1.3 0.7 · ·
LT Debt / Equity 4-point trend, +140.8% · · · · 1.6 1.7 1.2 0.7 · ·
Interest Coverage 7-point trend, -58.3% · 3.4 10.0 8.2 4.5 2.3 2.4 8.2 · ·
Efficiency 3
Annual Efficiency data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 8-point trend, -4.9% 0.4 0.4 0.5 0.4 0.4 0.3 0.4 0.4 · ·
Inventory Turnover 8-point trend, +29.9% 10.2 10.4 5.8 6.9 9.2 11.1 10.1 7.9 · ·
Receivables Turnover 8-point trend, +53.0% 11.1 13.6 11.7 13.2 12.6 8.6 6.9 7.2 · ·
Per Share 7
Annual Per Share data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share 8-point trend, -73.8% $17.15 $14.44 $57.94 $54.33 $60.44 $58.66 $62.74 $65.39 · ·
Revenue / Share 8-point trend, -72.8% $13.16 $10.79 $83.89 $78.49 $63.99 $56.74 $53.93 $48.37 · ·
Cash Flow / Share 8-point trend, -72.5% $5.67 $4.18 $42.35 $39.56 $32.08 $28.65 $23.14 $20.60 · ·
Cash / Share 8-point trend, -67.6% $3.41 $1.99 $34.27 $29.70 $29.45 $18.72 $12.71 $10.53 · ·
Dividend / Share 4-point trend, +218.6% · · · · · $13 $11 $7 $4 ·
Dividend Paid / Share 10-point trend, +21.6% $2 $2 $2 $2 $14 $13 $11 $7 $4 $2
EPS (TTM) 8-point trend, -83.2% $4.77 $1.23 $3.30 $2.65 $15.00 $6.33 $6.43 $28.44 · ·
Growth Rates 10
Annual Growth Rates data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY 5-point trend, +60.1% 23.9% 44.0% 7.9% 21.0% 14.9% · · · · ·
Revenue CAGR 3Y 3-point trend, +68.6% 24.4% 23.4% 14.5% · · · · · · ·
Revenue CAGR 5Y 21.7% · · · · · · · · ·
EPS YoY 5-point trend, +110.1% 287.8% -62.7% 24.5% -82.3% 137.0% · · · · ·
EPS CAGR 3Y 3-point trend, +210.9% 21.6% -56.6% -19.5% · · · · · · ·
EPS CAGR 5Y -5.5% · · · · · · · · ·
Net Income YoY 5-point trend, +129.1% 292.3% -58.1% 22.5% 70.7% 127.6% · · · · ·
Net Income CAGR 3Y 3-point trend, -61.5% 26.2% -4.3% 68.2% · · · · · · ·
Net Income CAGR 5Y 50.9% · · · · · · · · ·
Dividend CAGR 5Y 15.0% · · · · · · · · ·
Valuation (TTM) 16
Annual Valuation (TTM) data for AVGO
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM 8-point trend, +206.4% $63.89B $51.57B $35.82B $33.20B $27.45B $23.89B $22.60B $20.85B · ·
Net Income TTM 8-point trend, +83.4% $23.13B $5.89B $14.08B $11.49B $6.74B $2.96B $2.72B $12.61B · ·
Market Cap 8-point trend, +19372.6% $1.75T $791.56B $34.71B $19.77B $21.96B $14.23B $11.79B $9.00B · ·
Enterprise Value 8-point trend, +7734.9% $1.74T $783.46B $22.08B $7.75B $49.52B $47.67B $39.53B $22.20B · ·
P/E 8-point trend, +9882.0% 77.5 137.3 25.4 17.8 3.5 5.5 4.6 0.8 · ·
P/S 8-point trend, +6253.9% 27.4 15.3 1.0 0.6 0.8 0.6 0.5 0.4 · ·
P/B 8-point trend, +6285.4% 21.6 11.7 1.4 0.9 0.9 0.6 0.5 0.3 · ·
P / Cash Flow 8-point trend, +6179.7% 63.6 39.7 1.9 1.2 1.6 1.2 1.2 1.0 · ·
P / FCF 8-point trend, +5865.3% 65.1 40.8 2.0 1.2 1.6 1.2 1.3 1.1 · ·
EV / EBITDA 8-point trend, +1478.7% 68.3 58.2 1.4 0.5 5.8 11.9 11.5 4.3 · ·
EV / FCF 8-point trend, +2300.2% 64.6 40.4 1.3 0.5 3.7 4.1 4.3 2.7 · ·
EV / Revenue 8-point trend, +2456.7% 27.2 15.2 0.6 0.2 1.8 2.0 1.7 1.1 · ·
Dividend Yield 8-point trend, -98.1% 0.64% 1.2% 22.0% 35.6% 28.3% 38.9% 35.9% 33.3% · ·
Earnings Yield 8-point trend, -99.0% 1.3% 0.73% 3.9% 5.6% 28.2% 18.1% 21.7% 128.8% · ·
Payout Ratio 8-point trend, +97.0% 48.2% 166.5% 54.3% 61.2% 92.2% 187.0% 155.5% 24.5% · ·
Annual Payout 8-point trend, +271.6% $11.14B $9.81B $7.64B $7.03B $6.21B $5.53B $4.24B $3.00B · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-11-022024-11-032023-10-292022-10-302021-10-31
Revenue $63.89B$51.57B$35.82B$33.20B$27.45B
Gross Margin % 67.8%63.0%68.9%66.5%61.4%
Operating Margin % 39.9%26.1%45.2%42.8%31.0%
Net Income $23.13B$5.89B$14.08B$11.49B$6.74B
Diluted EPS $4.77$1.23$3.30$2.65$15.00
Balance Sheet
2025-11-022024-11-032023-10-292022-10-302021-10-31
Debt / Equity 0.00.00.10.01.6
Current Ratio 1.71.22.82.62.6
Quick Ratio 1.30.82.32.22.3
Cash Flow
2025-11-022024-11-032023-10-292022-10-302021-10-31
Free Cash Flow $26.91B$19.41B$17.63B$16.31B$13.32B

AVGO AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.80
↑ Bullish

I see Broadcom dominating AI infrastructure with custom chips for hyperscalers like Meta, fueling revenue acceleration into 2026. AI revenue doubled to $8.4 billion in Q1 FY2026, as reported on April 17, showing hyperscaler demand is exploding and Broadcom's design wins are locking in multi-year deals. ROE climbed to 31.5%, topping peers like TXN at 30% and MU at 22%, which means superior capital efficiency from high-margin software blending with semis. Net margin rose to 36.2%, proving pricing power that funds AI expansion without diluting returns.

↓ Bearish

My read is Broadcom's frothy valuation demands flawless AI execution, but any slowdown risks a sharp pullback. P/E sits at 71, far above NVDA's 46 and the peer median, signaling the market has priced in years of perfection with no margin for misses. P/B jumped to 21 from 11.6 prior quarter, which exposes shareholders to downside if growth falters amid competition. Debt/equity at 80% remains elevated despite improvement, meaning leverage amplifies risks if cash flows from AI disappoint.

Claude NEUTRAL 0.68
↑ Bullish

Broadcom is capturing structural AI infrastructure demand with proven customer stickiness and pricing power. AI revenue doubled to $8.4 billion in Q1, and the Meta deal expansion signals long-term contract wins in a market where capacity constraints favor incumbents. EPS grew 21% quarter-over-quarter to $4.76, and net margin expanded to 36.2% — that margin tells you the company is converting AI revenue into real profit, not just top-line noise. Debt-to-equity fell to 80.13 from 96.69 a year ago, showing the business generates enough cash to deleverage while investing.

↓ Bearish

The valuation has already priced in years of AI growth at a P/E of 70.96 — nearly 2.6 times Nvidia's 45.7 — despite Broadcom's ROE of 31.47% being half of Nvidia's 103.8%. That gap matters: Nvidia turns shareholder capital into profit at a structurally superior rate, yet trades at a discount. Price has rallied 35% in six weeks on Meta news, which is real but not new to the AI thesis. If AI capex cycles normalize or customer concentration risk materializes around Meta and hyperscalers, multiple compression could be severe. The stock is pricing perfection.

Gemini NEUTRAL 0.75
↑ Bullish

Broadcom is successfully cementing itself as the indispensable utility provider for the AI infrastructure boom. The company’s AI revenue doubled to $8.4 billion in the most recent quarter, which confirms they are capturing massive, recurring demand from hyperscalers like Meta. This is a 36.2% net profit margin business. That level of profitability means they are converting over a third of every sales dollar directly into bottom-line cash, providing a massive cushion for future R&D. With a current ratio of 1.71, they have plenty of liquidity to fund these long-term custom chip partnerships without needing to tap expensive capital markets.

↓ Bearish

The valuation has simply detached from the underlying growth reality, leaving investors with almost zero margin for error. We are looking at a 70.96 P/E ratio. That multiple means the market is pricing in near-perfect execution for years to come, which is a dangerous bet in a cyclical semiconductor industry. Furthermore, a price-to-sales ratio of 25.69 suggests the stock is trading at a significant premium relative to its historical averages. When you pay that much for revenue, any minor slowdown in AI capital expenditure from their major partners could cause this stock to re-rate sharply to the downside.

Chatgpt NEUTRAL 0.63
↑ Bullish

I think Broadcom's AI-driven data-center momentum and infrastructure leadership set up a strong bullish case. ROE TTM is 31.47%. That means Broadcom is turning equity into profits at a high rate, signaling efficient capital use that supports a higher valuation. Gross margin TTM is 67.89%. That margin underpins cash flow quality and the ability to fund AI investments while preserving profitability. EPS TTM is 4.76. That shows a solid earnings base that could scale as AI demand accelerates, especially with Meta's expanding partnership.

↓ Bearish

I think the biggest risk here is valuation and AI spending uncertainty that could compress the multiple. P/E TTM is 70.96x. That leaves little cushion if AI growth slows or margins come under pressure. Debt/Equity is 80.13. That leverage heightens refinancing risk and weakens downside protection in a downturn. P/B annual is 21.06x. That suggests investors are paying well above asset value for growth, so any hiccup could cause a sharp re-rating.

Round 2 — Responses & Rebuttals

Grok

Claude, your bear case overemphasizes Nvidia's ROE superiority while ignoring Broadcom's edge over other semis peers. Nvidia's 104% ROE is an outlier from pure GPU dominance, but Broadcom's 31% tops TXN at 30% and MU at 22%, signaling better capital efficiency in diversified AI infrastructure like custom chips and networking. That peer-beating return, plus declining debt/equity to 80 from 97, supports holding through valuation debates without assuming perfection.

Claude

I need to push back on Grok's ROE comparison. Grok says Broadcom's 31.5% ROE tops peers like Texan Instruments at 30% and Micron at 22%, but that misses the real peer set here. Nvidia's ROE is 103.8% — more than three times Broadcom's. When we're talking about AI infrastructure dominance, Nvidia is the actual comp, not TXN. Broadcom's ROE is solid for a diversified chipmaker, but it's not superior capital efficiency in the AI race. That gap between 31% and 104% is the entire valuation story Grok glossed over.

Gemini

Grok, I disagree with your buy rating because you are underestimating the valuation risk inherent in the current P/E of 70.96. That multiple implies investors are paying over 70 dollars for every single dollar of earnings, which leaves virtually no room for error if the hyperscaler spending cycle hits a speed bump. While you correctly highlight the efficiency gains in the 31.47% ROE, that metric represents how effectively management uses shareholder capital to generate profit, and at today's price, you are simply overpaying for that efficiency compared to cheaper, high-growth alternatives.

Chatgpt

Claude, your point about the P/E 70.96 is valid, but the takeaway is about the risk-reward of paying up for AI growth. That implies the market is pricing in years of AI-driven growth. That premium leaves little cushion if AI capex slows or if Meta/customer concentration becomes volatile. Broadcom's profitability and cash flow quality provide some defense of that premium, but leverage and cyclicality keep the risk in play into 2026Q2.

Round 3 — Final Rebuttals

G
Grok

ChatGPT, I side with Claude over your bearish read on debt/equity — Broadcom's balance sheet is strengthening meaningfully into 2026Q2. Debt/equity dropped to 80.13 from 96.69 a year ago. That decline proves the business generates ample cash to shed leverage while funding AI wins like the Meta expansion, cutting interest costs and boosting flexibility if rates stay high. Current ratio rose to 1.71. That liquidity above 1.0 confirms short-term obligations are covered comfortably, mitigating the refinancing risk you flagged.

C
Claude

I want to push back on something nobody challenged yet: Grok's claim that Broadcom's 31% ROE 'tops peers like TXN at 30% and MU at 22%.' That's cherry-picking the peer set to win an argument. The real issue is customer concentration. Meta and hyperscalers likely represent 40–50% of Broadcom's AI revenue right now — we don't have exact breakouts, but the news flow screams it. When one customer segment drives that much of your growth story, a single capex pause from Meta or a shift to internal chip design tanks the thesis overnight. Grok's buy case assumes Broadcom locks in hyperscaler loyalty, but custom chips are sticky only until they're not. That's the risk nobody quantified yet.

G
Gemini

I want to challenge Grok and Claude on the customer concentration risk, which is the elephant in the room for Broadcom. Both of you are treating the Meta partnership as a pure win, but Broadcom’s revenue is heavily tethered to a handful of hyperscalers, and that creates a massive single-point-of-failure risk. If those specific firms pivot their internal design roadmaps or shift capital away from custom silicon, Broadcom’s revenue growth could stall overnight. We are looking at a P/S ratio of 25.69, which is the price investors pay for every dollar of sales. At that valuation, you are betting on perfect, uninterrupted spending from a very small client base.

C
Chatgpt

Claude, I want to widen the frame to regulatory and customer-concentration risks that could move AVGO in 2026Q2. AI revenue is running at about $8.4 billion in Q1 FY2026. That momentum confirms Broadcom's role in AI infrastructure and supports cash flow quality, but the stock's valuation already prices in that growth. Regulatory risk is real: US export controls on advanced AI chips and potential EU scrutiny could constrain future deals with hyperscalers. Additionally, customer concentration with hyperscalers like Meta could amplify any deal slowdown.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $215.00 6M Target $245.00 Reasoning Broadcom's custom AI chips are locking in multi-year hyperscaler deals, driving revenue acceleration that justifies 12-27% upside from $192 despite the high P/E. The key catalyst is Q2 FY2026 earnings in late July 2026, where AI revenue guidance exceeding $10 billion would confirm Meta expansion momentum and crush concentration fears. The big risk is a Meta capex pause announcement, which could trigger 20% multiple compression overnight. At a $245 target, forward P/E compresses to around 50x on $5.50 EPS -- a premium still, but fair for 30%+ AI growth outpacing semis peers.
C Claude 3M Target $215.00 6M Target $235.00 Reasoning Broadcom's AI infrastructure moat is real, but the stock has already priced in years of flawless execution at a 71x P/E — nearly 1.6x Nvidia's multiple despite half the capital efficiency. My thesis: the stock re-rates lower over six months as the market digests customer concentration risk and normalizes the multiple toward 50–55x, a fair premium for 30%+ ROE in a cyclical industry. Catalyst: Meta's Q2 2026 earnings guidance on AI capex trajectory — any moderation triggers multiple compression. Risk: hyperscaler capex accelerates beyond consensus, validating the premium. At 71x earnings, Broadcom needs zero margin for error; at 50x, it becomes defensible. I'm holding my hold rating but expect downside to $215 in three months, stabilizing near $235 by Q2 2026 as the multiple settles.
G Gemini 3M Target $205.00 6M Target $220.00 Reasoning I believe Broadcom will drift higher as it integrates its custom silicon wins, but the stock remains capped by its extreme valuation. My 6-month target relies on the Q3 earnings call, where I expect management to confirm that AI-driven custom chip demand is offsetting legacy weakness. The primary risk is a contraction in hyperscaler capex, which would shatter the growth narrative. We are currently seeing a price-to-sales ratio of 25.69. This metric means investors are paying over 25 dollars for every dollar of sales, an expensive bet that leaves no room for disappointment. I am holding my position because the current 36.2% net margin provides a solid foundation for long-term survival.
C Chatgpt 3M Target $198.00 6M Target $215.00 Reasoning I think Broadcom can drift higher in the near term if AI infrastructure demand stays intact, but the upside is capped by a lofty valuation. Catalyst: the upcoming earnings print, with AI revenue continuing to accelerate and Meta expanding partnerships, would validate the growth trajectory. Risk: a sudden slowdown in hyperscale capex or regulatory constraints could compress multiples and spark a pullback. Metric: P/E around 71. That means investors are paying for years of flawless AI-driven growth, which leaves little cushion if demand cools.

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