Broadcom · customer concentration
Broadcom’s biggest customers
Who are Broadcom’s biggest customers?
Major Customer One: 32% of FY2025 revenue
The filing does not name this customer. Hollsteen never guesses names.
“We believe aggregate sales to our top five end customers, through all channels, accounted for approximately 40% of our net revenue for each of the fiscal years 2025 and 2024.”
Broadcom 10-K, verbatim · 10-K · filed Dec 18, 2025
Numbers, method and sources
Share of revenue per customer as tagged in the filing’s XBRL (ConcentrationRiskPercentage, benchmark revenue). US GAAP requires disclosure only for customers with at least 10% of revenue; a year without a customer means below 10% or not disclosed. Labels like “Customer A” are the filer’s own; the same label is not guaranteed to be the same customer every year.
FY2025
- Major Customer One (not named in filing) 32%
FY2024
- Major Customer One (not named in filing) 28%
FY2023
- Major Customer One (not named in filing) 21%
FY2022
- Major Customer One (not named in filing) 20%
FY2021
- Major Customer One (not named in filing) 18%
FY2020
- Major Customer One (not named in filing) 13%
FY2019
- Major Customer One (not named in filing) 17%
SEC filings only. No market data.
Is Broadcom getting more dependent on one customer?
Largest disclosed customer, by fiscal year
All Broadcom facts from SEC filings · Customer concentration of all companies