Reading the tape
NASDAQ: AVGO
Broadcom Inc.
Technology · Semiconductors
Market Cap
$1.99T
52w High
$429.31
52w Low
$195.94
P/E
79.98
Volume
11.83M
Outstanding Shares
4.73B
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 113.49%Revenue (TTM): 25.22%FCF (TTM): 39.44%P/FCF: 100th pct
What changed
The stock rose 113.49% over the last year. Revenue grew 25.22% over the trailing twelve months. Operating margin moved from 32.35% to 40.87%. Free cash flow grew 39.44% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 40.87% — continued expansion would be needed to justify the premium. Revenue growth of 25.22% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions.
CEOHock E. Tan
SectorTechnology
IndustrySemiconductors
Employees37,000
IPO dateAug 6, 2009
Valuation
Forward P/E—
EV/EBITDA50.62
Enterprise value$1.76T
Stock splits
Jul 15, 2024↑ Forward
Every 1 shares became 10
Profitability & growth
Revenue growth29.47%
Gross margin67.09%▲7.51%vs FY2024
Operating margin40.87%▲52.81%vs FY2024
ROE28.45%▲226.60%vs FY2024
Analyst consensus
RatingBuy
Target price$443.72▲5.33%
52
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 3, 2026
Q2 FY26 · EPS est $2.40 · Revenue est $22.02B
View
Dividends
$2.48/shareQuarterlyDividend Achiever · 14yrSafeAVGO pays a dividend with a 0.59% dividend yield, 14 consecutive years of growth, growing at 12.6% annually, covered 2.4× by free cash flow.
Dividend Yield
0.59%
Annual Div / Share
$2.48
5yr CAGR
+12.6%
Doubles every ~5.8yr
Payout Ratio
45.87%
Safe
Dividend Growth Rate
3yr CAGR
+12.54%
5yr CAGR
+12.6%
10yr CAGR
+30.36%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.48+11.0%
2024$2.23+13.5%
2023$1.97+13.2%
2022$1.74+13.0%
2021$1.54+12.4%
2020$1.37+16.1%
2019$1.18+34.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$6/yr
$0/mo
In 5 yrs
$10/yr+76%
$1/mo
In 10 yrs
$18/yr+211%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$6/yr $0/mo | $10/yr+76% $1/mo | $18/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.59% → 1.83% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AVGO has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.4× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 12.6% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in AVGO
STOCK Act disclosures from senators and representatives.
Jared Moskowitz
FLhouseDemocratPurchase2026-03-31$1,001 - $15,000+31d to disclose
Gilbert Cisneros
CAhouseDemocratSale2026-03-25$1,001 - $15,000+14d to disclose
Ro Khanna
CAhouseDemocratPurchase2026-03-06$1,001 - $15,000+34d to disclose
Julia Letlow
LAhouseRepublicanSale2026-02-12$1,001 - $15,000+29d to disclose
Shelley Moore Capito
WVsenateRepublicanPurchaseSpouse2026-02-09$1,001 - $15,000+23d to disclose