Broadcom Inc. (AVGO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 22.19B | 19.31B | 18.02B | 15.95B | 15B | 14.92B | 14.05B | 13.07B | 12.49B | 11.96B | 9.29B | 8.88B | 8.73B | 8.91B | 8.93B | 8.46B | 8.1B | 7.71B | 7.41B | 6.78B |
| Revenue Growth % | 47.87% | 29.47% | 28.18% | 22.03% | 20.16% | 24.71% | 51.2% | 47.27% | 42.99% | 34.17% | 4.09% | 4.87% | 7.77% | 15.69% | 20.56% | 24.87% | 22.59% | 15.79% | 14.54% | 16.44% |
| Cost of Goods Sold | 7.27B | 6.65B | 5.77B | 5.25B | 4.81B | 4.77B | 5.05B | 4.72B | 4.71B | 4.59B | 2.89B | 2.71B | 2.62B | 2.91B | 3B | 2.78B | 2.66B | 2.66B | 2.77B | 2.58B |
| COGS % of Revenue | 32.76% | 34.43% | 32.01% | 32.91% | 32.04% | 31.99% | 35.95% | 36.08% | 37.73% | 38.34% | 31.07% | 30.55% | 29.98% | 32.65% | 33.64% | 32.88% | 32.88% | 34.48% | 37.38% | 38.08% |
| Gross Profit | 14.92B | 12.66B | 12.25B | 10.7B | 10.2B | 10.14B | 9B | 8.36B | 7.78B | 7.38B | 6.41B | 6.16B | 6.12B | 6B | 5.93B | 5.68B | 5.44B | 5.05B | 4.64B | 4.2B |
| Gross Margin % | 67.24% | 65.57% | 67.99% | 67.09% | 67.96% | 68.01% | 64.05% | 63.92% | 62.27% | 61.66% | 68.93% | 69.45% | 70.02% | 67.35% | 66.36% | 67.12% | 67.12% | 65.52% | 62.62% | 61.92% |
| Gross Profit Growth % | 46.31% | 24.82% | 36.07% | 28.09% | 31.13% | 37.56% | 40.5% | 35.56% | 27.16% | 22.83% | 8.12% | 8.5% | 12.43% | 18.91% | 27.77% | 35.36% | 34.06% | 27.76% | 23.78% | 26.57% |
| Operating Expenses | 4.05B | 3.98B | 4.74B | 4.82B | 4.37B | 3.88B | 4.38B | 4.57B | 4.81B | 5.29B | 2.15B | 2.31B | 2.1B | 1.9B | 1.93B | 1.94B | 2.03B | 1.92B | 2.06B | 2.07B |
| OpEx % of Revenue | 18.25% | 20.62% | 26.32% | 30.19% | 29.11% | 26.05% | 31.13% | 34.94% | 38.53% | 44.24% | 23.17% | 26% | 24.02% | 21.32% | 21.56% | 22.89% | 25.02% | 24.97% | 27.77% | 30.55% |
| Selling, General & Admin | 1.05B | 1.02B | 1.11B | 1.07B | 1.08B | 949M | 1.01B | 1.1B | 1.28B | 1.57B | 418M | 388M | 438M | 348M | 370M | 323M | 368M | 321M | 337M | 346M |
| SG&A % of Revenue | 4.75% | 5.27% | 6.14% | 6.72% | 7.22% | 6.36% | 7.19% | 8.41% | 10.23% | 13.14% | 4.5% | 4.37% | 5.02% | 3.9% | 4.14% | 3.82% | 4.54% | 4.17% | 4.55% | 5.1% |
| Research & Development | 3B | 2.96B | 2.98B | 3.05B | 2.69B | 2.25B | 2.23B | 2.35B | 2.42B | 2.31B | 1.39B | 1.36B | 1.31B | 1.2B | 1.2B | 1.25B | 1.26B | 1.21B | 1.2B | 1.21B |
| R&D % of Revenue | 13.5% | 15.35% | 16.55% | 19.12% | 17.95% | 15.1% | 15.9% | 18% | 19.34% | 19.3% | 14.93% | 15.3% | 15.02% | 13.4% | 13.4% | 14.83% | 15.56% | 15.65% | 16.2% | 17.78% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 10.87B | 8.68B | 7.51B | 5.89B | 5.83B | 6.26B | 4.63B | 3.79B | 2.96B | 2.08B | 4.24B | 3.86B | 4.01B | 4.1B | 3.99B | 3.74B | 3.41B | 3.13B | 2.58B | 2.13B |
| Operating Margin % | 48.99% | 44.95% | 41.68% | 36.9% | 38.85% | 41.97% | 32.92% | 28.98% | 23.74% | 17.41% | 45.62% | 43.44% | 45.89% | 46.02% | 44.64% | 44.15% | 42.12% | 40.58% | 34.85% | 31.37% |
| Operating Income Growth % | 86.46% | 38.67% | 62.27% | 55.41% | 96.59% | 200.53% | 9.13% | -1.76% | -26.02% | -49.23% | 6.37% | 3.18% | 17.43% | 31.21% | 54.44% | 75.78% | 72.81% | 70.22% | 69.14% | 110.91% |
| EBITDA | 13.03B | 10.83B | 9.74B | 8.09B | 10.17B | 6.16B | 7.24B | 6.31B | 5.5B | 4.43B | 5.17B | 4.79B | 4.95B | 5.13B | 5.2B | 4.95B | 4.68B | 4.41B | 4.08B | 3.63B |
| EBITDA Margin % | 58.75% | 56.1% | 54.07% | 50.71% | 67.78% | 41.28% | 51.5% | 48.29% | 44.01% | 37.02% | 55.64% | 53.94% | 56.65% | 57.6% | 58.25% | 58.53% | 57.72% | 57.28% | 55.11% | 53.54% |
| EBITDA Growth % | 28.17% | 75.96% | 34.58% | 28.15% | 85.06% | 39.05% | 39.95% | 31.83% | 11.08% | -13.77% | -0.58% | -3.35% | 5.77% | 16.33% | 27.44% | 36.51% | 34.44% | 30.98% | 25.45% | 33.08% |
| D&A (Non-Cash Add-back) | 2.17B | 2.15B | 2.23B | 2.2B | 4.34B | -103M | 2.61B | 2.52B | 2.53B | 2.35B | 932M | 932M | 939M | 1.03B | 1.22B | 1.22B | 1.26B | 1.29B | 1.5B | 1.5B |
| EBIT | 10.87B | 8.94B | 7.63B | 5.83B | 5.85B | 6.36B | 4.68B | 3.87B | 3.05B | 2.27B | 4.37B | 3.98B | 4.12B | 4.25B | 4.03B | 3.74B | 3.31B | 3.09B | 2.6B | 2.14B |
| Net Interest Income | -745M | -746M | -761M | -754M | -769M | -873M | -864M | -1.06B | -1.05B | -926M | -405M | -406M | -405M | -406M | -406M | -406M | -518M | -407M | -411M | -415M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 745M | 746M | 761M | 754M | 769M | 873M | 864M | 1.06B | 1.05B | 926M | 405M | 406M | 405M | 406M | 406M | 406M | 518M | 407M | 411M | 415M |
| Other Income/Expense | -739M | -486M | -639M | -602M | -744M | -770M | -864M | -982M | -960M | -741M | -273M | -282M | -292M | -263M | -366M | -400M | -623M | -440M | -412M | -400M |
| Pretax Income | 10.13B | 8.2B | 6.87B | 5.29B | 5.08B | 5.49B | 3.76B | 2.81B | 2B | 1.34B | 3.97B | 3.57B | 3.72B | 3.84B | 3.62B | 3.34B | 2.79B | 2.69B | 2.17B | 1.73B |
| Pretax Margin % | 45.66% | 42.44% | 38.13% | 33.13% | 33.89% | 36.81% | 26.78% | 21.47% | 16.06% | 11.22% | 42.68% | 40.27% | 42.55% | 43.07% | 40.54% | 39.43% | 34.43% | 34.87% | 29.28% | 25.46% |
| Income Tax | 820M | 846M | -1.65B | 1.15B | 120M | -13M | -442M | 4.24B | -116M | 68M | 443M | 271M | 235M | 66M | 261M | 263M | 200M | 215M | 180M | -150M |
| Effective Tax Rate % | 8.09% | 10.32% | -24.01% | 21.67% | 2.36% | -0.24% | -11.75% | 151.03% | -5.79% | 5.07% | 11.17% | 7.58% | 6.32% | 1.72% | 7.21% | 7.88% | 7.17% | 8% | 8.3% | -8.69% |
| Net Income | 9.31B | 7.35B | 8.52B | 4.14B | 4.96B | 5.5B | 4.32B | -1.88B | 2.12B | 1.32B | 3.52B | 3.3B | 3.48B | 3.77B | 3.36B | 3.07B | 2.59B | 2.47B | 1.99B | 1.88B |
| Net Margin % | 41.96% | 38.06% | 47.28% | 25.95% | 33.09% | 36.89% | 30.77% | -14.34% | 16.99% | 11.08% | 37.91% | 37.21% | 39.86% | 42.33% | 37.61% | 36.32% | 31.96% | 32.08% | 26.85% | 27.68% |
| Net Income Growth % | 87.51% | 33.55% | 96.99% | 320.8% | 134.09% | 315.32% | 22.7% | -156.77% | -39.07% | -64.89% | 4.91% | 7.45% | 34.4% | 52.67% | 68.88% | 63.86% | 73.48% | 79.39% | 50.23% | 172.67% |
| Net Income (Continuing) | 9.31B | 7.35B | 8.52B | 4.14B | 4.96B | 5.5B | 4.21B | -1.43B | 2.12B | 1.27B | 3.52B | 3.3B | 3.48B | 3.77B | 3.36B | 3.07B | 2.59B | 2.47B | 1.99B | 1.88B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | -1000K | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.91 | 1.50 | 1.74 | 0.85 | 1.03 | 1.14 | 0.90 | -0.40 | 0.44 | 0.28 | 0.83 | 0.77 | 0.82 | 0.88 | 0.77 | 0.70 | 0.59 | 0.56 | 0.45 | 0.42 |
| EPS Growth % | 85.44% | 31.58% | 93.33% | 312.5% | 134.09% | 307.14% | 8.43% | -151.95% | -46.34% | -68.18% | 7.79% | 10% | 38.98% | 57.14% | 71.11% | 66.67% | 78.79% | 86.67% | 55.17% | 180% |
| EPS (Basic) | 1.96 | 1.55 | 1.80 | 0.88 | 1.05 | 1.17 | 0.92 | -0.40 | 0.46 | 0.29 | 0.85 | 0.80 | 0.84 | 0.90 | 0.81 | 0.74 | 0.62 | 0.58 | 0.46 | 0.44 |
| Diluted Shares Outstanding | 4.88B | 4.89B | 4.89B | 4.86B | 4.83B | 4.84B | 4.83B | 4.66B | 4.8B | 4.67B | 4.27B | 4.27B | 4.27B | 4.29B | 4.29B | 4.31B | 4.25B | 4.29B | 4.31B | 4.3B |
| Basic Shares Outstanding | 4.75B | 4.74B | 4.73B | 4.71B | 4.71B | 4.7B | 4.68B | 4.66B | 4.65B | 4.52B | 4.13B | 4.13B | 4.15B | 4.18B | 4.11B | 4.06B | 4.09B | 4.12B | 4.13B | 4.12B |
| Dividend Payout Ratio | 33.21% | 41.99% | 32.84% | 67.29% | 56.09% | 50.41% | 57.45% | - | 115.18% | 183.77% | 54.03% | 57.55% | 54.98% | 51.03% | 53.05% | 56.47% | 67.57% | 71.36% | 78.48% | 82.94% |