Broadcom (AVGO) FY2025 10-K Annual Report

Filed: Dec 18, 2025
Information Technology
Semiconductors & Related DevicesSEC EDGAR

Broadcom (AVGO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Dec 18, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Broadcom FY2025 10-K Analysis

Business Overview

  • Core business model: Design and supply of semiconductor solutions primarily for wired and wireless communications
  • No new products, services, or segments introduced or emphasized in this filing year
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Management Discussion & Analysis

  • Cash from operations $27,537M for fiscal year 2025
  • Cash dividends paid $11,142M and common stock repurchases $2,450M
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Risk Factors

  • Singapore tax incentives expiring by November 2030 with $2.7B tax benefit in FY 2025, risking higher future tax expenses
  • Global minimum tax laws effective FY 2025, material earnings and cash flow impact expected in FY 2026
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Broadcom FY2025 Key Financial Metrics
XBRL

Revenue

$63.9B

+23.9% YoY

Net Income

$23.1B

+292.3% YoY

Gross Margin

67.8%

+473bp YoY

Operating Margin

39.9%

+1378bp YoY

Net Margin

36.2%

+2477bp YoY

ROE

28.4%

+1974bp YoY

Total Assets

$171.1B

+3.3% YoY

EPS (Diluted)

$4.77

+287.8% YoY

Operating Cash Flow

$27.5B

+37.9% YoY

Source: XBRL data from Broadcom FY2025 10-K filing on SEC EDGAR. All figures in USD.

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