Companies /Technology
Broadcom Inc
NASDAQ: AVGO Semiconductors
$376.51
▲ $0.70 (+0.19%) today
Markets closed · 4:49pm ET

Broadcom (AVGO) Q4 2025 Earnings

Reported Dec 11, 2025, 4:17pm ET · SEC source
$1.95
Beat +4.27%
EPS · est. $1.87
$18.0B
Beat +3.18%
Revenue · est. $17.5B
−6.2%
Trailing market
AVGO vs S&P since report
10 quarters
Consecutive EPS beats

How Did AVGO Stock React to Q4 2025 Earnings?

% change · around the report
−15%−10%−5%0Dec 11Dec 12report 4:17pm ETearnings−1.2%−14.5%
−15%−10%−5%0Dec 11Dec 12earnings−1.2%−14.5%
AVGO −14.5%S&P 500 −1.2%
−15%−10%−5%0Dec 11Dec 12report 4:17pm ETearnings−2.4%−14.5%
−15%−10%−5%0Dec 11Dec 12earnings−2.4%−14.5%
AVGO −14.5%NASDAQ −2.4%
−21%−14%−7%0Dec 10Dec 19report 4:17pm ETearnings−1.4%−18.8%
−21%−14%−7%0Dec 10Dec 19earnings−1.4%−18.8%
AVGO −18.8%S&P 500 −1.4%
−21%−14%−7%0Dec 10Dec 19report 4:17pm ETearnings−1.7%−18.8%
−21%−14%−7%0Dec 10Dec 19earnings−1.7%−18.8%
AVGO −18.8%NASDAQ −1.7%
−11.43%
Day of report
−5.59%
Next session
−5.44%
One week
−4.70%
30 days

S&P 500 over the same 30 days: +1.54%.

Did AVGO Beat Earnings? Q4 2025 Results

Yes. Broadcom reported Q4 2025 earnings of $1.95 a share on Dec 11, 2025, beating the $1.87 consensus estimate by 4.3%. Revenue was $18.0B against a $17.5B estimate.

Broadcom closed out fiscal 2025 with a record fourth quarter, posting revenue of $18.02 billion, up 28.2% year-over-year and ahead of the $17.55 billion consensus, while non-GAAP diluted EPS of $1.95 cleared the $1.87 estimate by 4.28%, underscoring the company's deepening grip on AI infrastructure spending. The single most powerful engine behind the quarter was AI semiconductor demand, with that segment growing 74% year-over-year through custom AI accelerators and Ethernet AI switches, helping the semiconductor solutions division alone generate $11.07 billion in revenue. Infrastructure software contributed an additional $6.94 billion, and adjusted EBITDA reached $12.22 billion, or 68% of revenue. Free cash flow of $7.47 billion for the quarter also reflected the company's strong operating leverage. <a href="https://247wallst.com/investing/2025/12/11/live-broadcom-avgo-q4-earnings-coverage/">Looking ahead</a>, Broadcom guided Q1 FY2026 revenue of approximately $19.10 billion, with CEO Hock Tan projecting AI semiconductor revenue to double year-over-year to $8.20 billion, as the board also approved a 10% dividend increase to $0.65 per share quarterly.

Key Takeaways
  • AI semiconductor revenue increased 74% year-over-year in Q4
  • Custom AI accelerators and Ethernet AI switches driving semiconductor growth
  • Infrastructure software revenue grew 19% year-over-year
  • Adjusted EBITDA margin of 68% of revenue in Q4
  • Free cash flow of 41% of revenue in Q4

“In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year.”

Broadcom CEO, on the earnings call

What Was Broadcom's Outlook in Q4 2025?

Broadcom guided first quarter fiscal year 2026 (ending February 1, 2026) revenue of approximately $19.1 billion, an increase of 28% from the prior year period. Adjusted EBITDA is expected to be 67% of projected revenue. AI semiconductor revenue is expected to double year-over-year to $8.2 billion in Q1, driven by custom AI accelerators and Ethernet AI switches.

AVGO YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$5.0B$10.0B$15.0B$14.1B$18.0BRevenue$9.0B$12.2BGross Profit$4.6B$7.5BOperating Income$4.3B$8.5BNet Income
$0$5.0B$10.0B$15.0BRevenueGross ProfitOperating IncomeNet Income
AVGO income statement, Q4 2025 versus Q4 2024
Metric Q4 2025 Q4 2024 Year over year
Revenue $18.0B $14.1B +28.2%
Gross Profit $12.2B $9.0B +36.1%
Operating Income $7.5B $4.6B +62.3%
Net Income $8.5B $4.3B +97.0%

AVGO Revenue by Segment

Semiconductor Solutions$11.1B+35.0%
Infrastructure Software$6.9B+19.0%

Figures from SEC filings and company reports. Not investment advice.