We are a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions.
10-K, Dec 18, 2025
In the company’s words: first descriptive sentence of 10-K Item 1, verbatim (extractive). Item 1 · Business · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
Voices · third-party opinions, not SEC data
Not investment advice. They could be wrong or outdated. See the original source and date; the view may have changed.
Jay PetersInvestorSep 3, 2026Invests
Our summary: Peters said Broadcom and Nvidia offer really attractive fundamentals.
Voice details · not SEC data. As stated on Sep 3, 2026; the view may have changed.
Dan NilesInvestorFeb 13, 2026Invests
Our summary: Niles said that if buying big tech now he would pick Broadcom and Nvidia first.
Voice details · not SEC data. As stated on Feb 13, 2026; the view may have changed.
Karen FirestoneInvestorNov 12, 2025Mixed
Our summary: Firestone disclosed she was trimming Broadcom while buying Nvidia.
Voice details · not SEC data. As stated on Nov 12, 2025; the view may have changed.
How does Broadcom make money?
Revenue by segments, FY2025.
annual report FY2025 · 0001730168-25-000121 · shares derived = part / total revenue
Calculated: share = part revenue ÷ total revenue ($63.9B).
What is left of every $100?
Of every $100 of revenue, FY2025.
Calculated: amount ÷ revenue × 100.
Where do customers sit?
Revenue by region, latest annual report.
10-K · 0001730168-25-000121 · XBRL revenue by region · one level, shares add up to 100.0% · derived
Calculated: share = region revenue ÷ total revenue.
“Over the years, we have assembled a large team of semiconductor and software design engineers around the world.”
“We maintain design, product and software development engineering expertise and resources at locations primarily in the U.S., Asia, and Europe.”
“We combine global scale, engineering depth, broad product portfolio, superior execution and operational focus to deliver category-leading semiconductor and infrastructure software solutions.”
Item 1 · Business · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
Where did the growth actually come from?
Source & method
Why do people invest?
“Our expertise in FBAR technology, amplifier design, and module integration enables us to offer industry-leading performance in cellular RF transceiver applications.”
Item 1 · Business · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
“Research and development expense increased $1,667 million, or 18%, in fiscal year 2025, compared to the prior fiscal year.”
Item 7 · MD&A · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
Number check (R&D expense): stated $1.7B matches the stored change ($1.7B, ±10%)
R&D expense: $11.0B FY2025 · +17.9% vs FY2024 · Profitability charts
Verbatim · selection. Sentences selected by rules from the 10-K and checked word for word against it; no AI summary. Not investment advice, not a recommendation, no forecast.
2 of 3 points met the selection rules (score, subject = the metric, quoted number within ±10% of the stored value).
How fast is revenue growing?
Source & method
Did the growth reach the shareholder?
Source & method
How profitable is it?
Source & method
How much cash does it make, and where does it go?
Source & method
How strong is the balance sheet?
Source & method
What drives the business?
Source & method
How much revenue hangs on one customer?
Source & method
Only what filings state. Anonymous customers stay anonymous.
Largest customers (Broadcom annual report)
“Direct sales to one semiconductor solutions customer, which is a distributor, accounted for 32% and 28% of our net revenue for fiscal years 2025 and 2024, respectively.”
10-K · 0001730168-25-000121 · filed Dec 18, 2025 · basis: filing text, verified verbatim
Suppliers named by Broadcom
Broadcom holds stakes in
No stake in a covered company found in SEC filings.
Others name Broadcom
10 competitor mentions (e.g. AMD, Astera Labs, Ciena, Credo) · 3 other mentions (e.g. Arista, Dell, Fortinet) · 2 partner mentions (e.g. Arista, Qualcomm) · 1 supplier mention (e.g. Arista) in covered companies’ filings. Mentions, not confirmed relationships.
What could go wrong?
“Dependence on contract manufacturing and suppliers of critical components within our supply chain may adversely affect our ability to bring products to market, damage our reputation and adversely affect our results of operations.”
Item 1A · Risk Factors · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
“Global political and economic conditions and other factors related to our international operations could adversely affect our business, financial condition and results of operations.”
Item 1A · Risk Factors · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
“Our business is subject to various governmental regulations. Compliance with these regulations may cause us to incur significant expense and failure to maintain compliance with applicable regulations could adversely affect our business.”
Item 1A · Risk Factors · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
“Adverse global economic conditions could have a negative effect on our business, results of operations and financial condition and liquidity.”
Item 1A · Risk Factors · 10-K · 0001730168-25-000121 · filed Dec 18, 2025
Short verbatim quotes from the risk factors in Item 1A, one per theme (a partial selection). Full list: 10-K.
Who owns more than 5%?
13G · as of Mar 31, 2026 · filed Apr 29, 2026
13G/A · filed Jan 26, 2024 · older than 18 months, current position unknown
Holders above 5% from Schedule 13G/13D, SEC filings only. “(then)”: reported in a filing older than 18 months; the current position is not known from SEC 13G/13D data.
4 filings reporting a stake below 5% (e.g. after selling) not listed.
Largest institutional holders, 13F, quarter ending Jun 30, 2026
398.2M shares · 13F filed Aug 7, 2026 · share of 13F-reported
309.2M shares · 13F filed Aug 13, 2026 · share of 13F-reported
196.9M shares · 13F filed Aug 7, 2026 · share of 13F-reported
144.4M shares · 13F filed Aug 13, 2026 · share of 13F-reported
127.0M shares · 13F filed Aug 13, 2026 · share of 13F-reported
4,825 13F filers report positions. 13F covers managers with over $100M in US equities; it is not a full shareholder list, and shares are not a percentage of shares outstanding. 1 large filing with inconsistent reported value per share left out.
Insiders, last 12 months (Form 4, open market)
2 purchases · 281 sales · $1.2B sold
Grants, gifts and tax withholding counted separately · window Oct 13, 2025 – Oct 13, 2026
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | ||||||||||
| D&A | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | ||
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| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | ||||||||||
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| Current portion of long-term debt | not reported | |||||||||
| Equity | not reported | not reported | not reported | not reported | not reported | not reported | ||||
| Equity incl. NCI | ||||||||||
| Long-term debt | not reported | |||||||||
| Short-term debt (balance sheet line) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | ||
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| Total debt calc. | not reported | |||||||||
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| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
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| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
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| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| AI revenue (AI semiconductor revenue) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Revenue Infrastructure software calc. | not reported | not reported | not reported | |||||||
| Revenue Semiconductor solutions calc. | not reported | not reported | not reported | |||||||
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| NCI income | not reported | not reported | not reported | not reported | not reported | |||||
| Other income (incl. interest) calc. | ||||||||||
| Pretax income | ||||||||||
| Short-term borrowings / commercial paper | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Total liabilities | ||||||||||
extractive: verbatim sentences selected by rules from Item 1, 1A and 7; no AI summary; every sentence matched verbatim against the filing text. Numbers: Hollsteen SEC dataset. Every value opens its SEC source · version history of all values