Broadcom (AVGO): Company Overview, Stock, Financials & Latest News

Quick Facts

Item	Detail
Company name	Broadcom Inc.
Ticker symbol	AVGO (Nasdaq)
Traces its roots to	Broadcom Corporation, founded 1991, and Avago Technologies, spun out in 2005
Current corporate name adopted	2016, after Avago Technologies acquired Broadcom Corporation
Headquarters	Palo Alto, California
President and CEO	Hock E. Tan
Chairman	Henry Samueli, co founder of the original Broadcom Corporation
Industry	Semiconductors and infrastructure software
Business segments	Semiconductor Solutions and Infrastructure Software
FY2025 revenue	About $63.89 billion
Dividend	Paid quarterly, currently $0.65 per share, increased for 14 consecutive years
Main competitors	Nvidia, Marvell, Qualcomm, AMD, Intel, Cisco, Arista Networks

What Is Broadcom?

Broadcom Inc. is an American technology company that designs, develops and supplies semiconductors and infrastructure software used by some of the largest organizations in the world. Its chips sit inside data center switches and routers, smartphones, broadband modems, factory equipment and, increasingly, the custom AI accelerators that hyperscale cloud providers use to train and run large language models.

On the software side, Broadcom owns a large portfolio of enterprise infrastructure software following major acquisitions of CA Technologies, Symantec’s enterprise security business, and VMware. This software business provides mainframe software, cybersecurity tools, and private cloud infrastructure through the VMware Cloud Foundation platform, giving Broadcom a second, steadier revenue engine alongside its more cyclical chip business.

Broadcom has become one of the most closely watched companies in the artificial intelligence buildout because of its custom AI chip business, often referred to as application specific integrated circuits or ASICs, which it designs in partnership with major cloud and AI companies rather than selling off the shelf graphics processors the way Nvidia does. In 2026 Broadcom briefly became just the sixth company in history to cross a two trillion dollar market capitalization, underscoring how central it has become to the AI infrastructure story.

Company History

Broadcom’s history is unusually complex because today’s company is really the product of two separate lineages that merged in 2016. Here is the timeline that matters most.

• 1961: The semiconductor operations that eventually became Avago Technologies begin life inside Hewlett Packard’s electronics divisions.
• 1991: UCLA professor Henry Samueli and his doctoral student Henry Nicholas found Broadcom Corporation in Irvine, California, focused on chips for cable modems and broadband communications.
• 1998: Broadcom Corporation goes public on the Nasdaq with a dual class share structure that preserves founder control.
• 1999: Hewlett Packard spins off its measurement and semiconductor businesses as Agilent Technologies.
• 2005: Private equity firms KKR and Silver Lake Partners buy Agilent’s semiconductor products group for about $2.66 billion and rename the business Avago Technologies.
• 2006: Hock Tan becomes CEO of Avago Technologies and begins an aggressive strategy of acquiring and integrating semiconductor businesses.
• 2009: Avago Technologies goes public on the Nasdaq.
• 2016: Avago Technologies acquires Broadcom Corporation for about 37 billion dollars, one of the largest semiconductor deals in history, and the combined company adopts the Broadcom name, becoming Broadcom Limited and later Broadcom Inc.
• 2017 to 2019: Under Hock Tan, Broadcom acquires networking company Brocade Communications Systems for about 5.5 billion dollars and enterprise software firm CA Technologies for about 18.9 billion dollars, followed by Symantec’s enterprise security business, pushing the company deeper into infrastructure software.
• 2023: Broadcom completes its roughly 69 billion dollar acquisition of VMware, a landmark deal that dramatically expands its private cloud and enterprise virtualization software business.
• 2024 to 2026: Broadcom’s custom AI chip business, built with hyperscale partners such as Google, Meta, OpenAI and Anthropic, becomes the company’s single fastest growing segment, helping push the stock and the company’s market value to record highs.

Founders

Because today’s Broadcom Inc. is the result of a 2016 merger, it has two distinct founding stories worth understanding.

• Henry Samueli: A UCLA engineering professor who co founded the original Broadcom Corporation in 1991. Samueli later became Chief Technology Officer of the combined company after the 2016 merger and now serves as Chairman of the Board of Broadcom Inc.
• Henry Nicholas III: Samueli’s first doctoral student at UCLA, who co founded Broadcom Corporation alongside Samueli and served as its first CEO, leading the company through more than twenty acquisitions between 1998 and 2003. Nicholas took on a strategic advisory role after the 2016 merger.

Today’s Broadcom Inc. is technically a continuation of Avago Technologies, the entity formed in 2005 out of Hewlett Packard’s former semiconductor operations, which acquired Broadcom Corporation and adopted its name. Hock Tan, who led Avago from 2006 onward, was not a founder of either predecessor company but has led the combined Broadcom for nearly two decades and is widely credited with shaping its acquisition driven strategy.

CEO

Broadcom is led by President and Chief Executive Officer Hock E. Tan, who has held the top role since 2006, first at Avago Technologies and then at the combined Broadcom following the 2016 merger. Tan is known for a distinctive strategy of acquiring established, high margin technology businesses, cutting less profitable product lines, and reinvesting aggressively in the parts of the business with the strongest returns.

Under Tan’s leadership, Broadcom has completed a long string of major acquisitions, including Brocade, CA Technologies, Symantec’s enterprise security unit and VMware, while also building one of the most important custom silicon franchises in the AI industry. Broadcom’s finance function is led by Chief Financial Officer Kirsten Spears, and Henry Samueli serves as non executive Chairman of the Board.

Headquarters

Broadcom Inc. is headquartered in Palo Alto, California, in the heart of Silicon Valley. The company’s roots also run through San Jose, California and Singapore, where Avago Technologies was dual headquartered after its 2005 formation, and through Irvine, California, where the original Broadcom Corporation was based for many years. Broadcom today operates a global network of design centers, manufacturing partnerships and sales offices supporting customers across North America, Asia and Europe.

Business Segments

Broadcom reports its results across two broad segments.

Segment	What it covers	Approximate share of FY2025 revenue
Semiconductor Solutions	Custom AI accelerators, networking chips, broadband, wireless and storage connectivity, and industrial semiconductors	About 58 percent
Infrastructure Software	VMware Cloud Foundation and private cloud software, mainframe software, cybersecurity, and enterprise software	About 42 percent

The Semiconductor Solutions segment has become the company’s primary growth engine, driven overwhelmingly by demand for custom AI chips and the networking components needed to connect them inside massive data centers. The Infrastructure Software segment, anchored by VMware since the 2023 acquisition, provides a large, more predictable subscription style revenue base that helps balance out the historically cyclical nature of the semiconductor business.

Products and Services

Broadcom’s product catalog spans both hardware and software, reflecting its dual identity as a chip designer and an enterprise software provider.

• Custom AI accelerators: Application specific chips designed in close partnership with hyperscale customers, tailored to their specific AI training and inference workloads rather than sold as general purpose graphics processors.
• AI networking: Ethernet switches, routers and networking silicon designed to connect thousands of AI accelerators together inside a data center with minimal latency.
• Broadband and wireless connectivity: Chips used in home broadband modems, set top boxes, Wi Fi routers and RF components for smartphones.
• Storage connectivity: Fibre Channel storage networking products used to connect servers and storage systems inside enterprise data centers.
• Industrial and other semiconductors: Components used in factory automation, motor control and other industrial applications.
• VMware Cloud Foundation: A private cloud software platform used by enterprises to build and manage their own virtualized data center infrastructure.
• Mainframe software: Tools for automation, database management, development operations and compliance on legacy mainframe systems, inherited primarily from the CA Technologies acquisition.
• Cybersecurity software: Endpoint, network, application and identity security tools built largely around the former Symantec enterprise security business.

Revenue Breakdown

Broadcom generated total revenue of about $63.89 billion in fiscal year 2025, up nearly 24 percent from the prior year, with the split between its two segments continuing to shift toward semiconductors as AI demand accelerates.

Within Semiconductor Solutions, AI related revenue has become the standout growth driver. Broadcom reported AI semiconductor revenue of 8.4 billion dollars in the first quarter of fiscal 2026 alone, up 106 percent year over year, followed by AI revenue of roughly 10.8 billion dollars in the second quarter, more than double the prior year period. Management has guided for AI revenue to roughly triple again in the following quarter and has reiterated a target of more than 100 billion dollars in annual AI semiconductor revenue by fiscal 2027, driven by a small group of core custom chip customers that reportedly includes Google, Meta, OpenAI and Anthropic.

Financial Performance

Broadcom’s financial results have accelerated sharply as AI infrastructure spending has ramped up across the technology industry. Fiscal 2025 revenue reached about $63.89 billion, up close to 24 percent from $51.57 billion in fiscal 2024, while earnings jumped even faster, roughly 292 percent, to about $23.13 billion, reflecting both stronger operating performance and easier comparisons against prior year charges.

Selected results

Period	Total revenue	AI semiconductor revenue	Notes
Fiscal year 2024	$51.57 billion	Full year base before the sharpest AI acceleration	Includes a full year of VMware following its 2023 acquisition
Fiscal year 2025	$63.89 billion	Growing rapidly through the year	Earnings up roughly 292 percent year over year to about $23.13 billion
Q1 FY2026	Record quarterly revenue	$8.4 billion, up 106 percent year over year	New $10 billion share repurchase program announced
Q2 FY2026	$22.19 billion companywide	$10.8 billion, up sharply year over year	Revenue climbed 48 percent year over year from $15 billion a year earlier
Q3 FY2026 guidance	About $29.4 billion companywide	Guided to roughly $16 billion	Non GAAP operating margin guided at approximately 67 percent of revenue

Even with this rapid growth, Broadcom shares have experienced sharp swings on any signal that AI spending might slow or that a major customer could shift work to a competitor, which is a reminder that a large share of the company’s near term growth is concentrated among a small number of very large AI customers.

Stock Information

Broadcom trades on the Nasdaq under the ticker AVGO. The stock has been one of the standout performers of the AI investing era, and in April 2026 Broadcom briefly crossed a two trillion dollar market capitalization, becoming only the sixth publicly traded company in history to reach that milestone.

Metric	Approximate value (early July 2026)
Exchange	Nasdaq
Ticker	AVGO
Recent share price	Around $362
Market capitalization	Roughly $1.7 to $1.8 trillion
Trailing price to earnings ratio	Roughly 60
Average analyst rating	Strong Buy, based on coverage from more than 45 Wall Street analysts
12 month consensus price target	Roughly $500 to $525
Dividend yield	Around 0.7 percent

Broadcom shares have been particularly sensitive to news about its custom AI chip relationships. In one widely covered example, reports that Google had chosen a different chip partner for part of a future generation of its in house AI chip contributed to a pullback in AVGO shares, underscoring how closely investors watch the concentration of Broadcom’s AI customer base.

Dividends

Unlike many of the highest profile AI chip stocks, Broadcom pays a meaningful and growing dividend. The company currently pays a quarterly cash dividend of $0.65 per share, equal to $2.60 on an annualized basis, and has raised its dividend for 14 consecutive years. In 2025 alone, Broadcom paid a total of $2.42 per share in dividends.

At a recent share price of roughly $362, that dividend works out to a yield of around 0.7 percent, modest in percentage terms but notable given how few large AI semiconductor names return cash to shareholders at all. Broadcom has combined this steady dividend growth with large share buyback programs, including a new $10 billion repurchase authorization announced alongside its first quarter fiscal 2026 results.

Competitors

Broadcom competes across several very different markets at once, spanning custom AI silicon, networking equipment, wireless components and enterprise software.

Competitor	What they compete on
Nvidia	The dominant supplier of general purpose AI graphics processing units, competing indirectly with Broadcom’s custom AI accelerator business
Marvell Technology	A direct competitor in custom AI silicon and data center networking chips
Qualcomm	A major competitor in wireless connectivity and mobile chip technology, and an emerging competitor in custom AI chips
Advanced Micro Devices (AMD)	Competes in data center processors and AI accelerators, along with networking silicon
Intel	A legacy semiconductor giant competing in data center processors and increasingly in custom silicon manufacturing
Cisco Systems	A major competitor in enterprise networking hardware and data center switching equipment
Arista Networks	A specialist competitor in high performance data center networking, an area central to Broadcom’s AI networking business

On the software side, Broadcom’s VMware, mainframe and cybersecurity businesses compete with a different set of companies, including Microsoft, IBM, Palo Alto Networks and CrowdStrike, though Broadcom’s semiconductor business remains the primary focus for most investors given its size and growth rate.

Recent News

• Second quarter fiscal 2026 results, June 2026: Broadcom reported record revenue, operating profit and free cash flow, with AI semiconductor revenue more than doubling year over year to about $10.8 billion, even as shares fell after CEO Hock Tan did not raise the company’s full year AI revenue target.
• Jalapeno chip with OpenAI: Broadcom has been reported to be co designing a new custom AI chip, referred to as Jalapeno, together with OpenAI, part of a broader push to diversify beyond its existing hyperscale customer base.
• Google TPU competition: Reports emerged that Google selected Taiwan based MediaTek to help build part of its next generation TPU AI chip, known as Triggerfish, rather than relying solely on Broadcom or Qualcomm, weighing on investor sentiment around Broadcom’s customer concentration.
• Two trillion dollar market cap, April 2026: Broadcom’s market capitalization briefly surpassed two trillion dollars, making it only the sixth company in history to cross that threshold, largely on the strength of its AI chip business.
• New $10 billion buyback, March 2026: Alongside record first quarter fiscal 2026 results, Broadcom’s board approved a new $10 billion share repurchase program.
• AI revenue guidance reiterated: Management has repeatedly reiterated a target of more than $100 billion in annual AI semiconductor revenue by fiscal 2027, driven by a small number of core custom chip customers including Google, Meta, OpenAI and Anthropic.
• Insider stock sales: Several Broadcom executives and directors, including its Chief Legal and Corporate Affairs Officer and at least one board member, disclosed stock sales in mid 2026, drawing attention from investors tracking insider sentiment even as the underlying business kept growing.

Frequently Asked Questions

What does Broadcom actually make?

Broadcom designs and supplies semiconductors, including custom AI accelerator chips, networking silicon, broadband and wireless components, alongside a large infrastructure software business that includes VMware, mainframe software and cybersecurity tools.

Who founded Broadcom?

The original Broadcom Corporation was founded in 1991 by UCLA professor Henry Samueli and his doctoral student Henry Nicholas III. Today’s Broadcom Inc. is technically a continuation of Avago Technologies, which acquired Broadcom Corporation in 2016 and adopted its name.

Who is the CEO of Broadcom?

Hock E. Tan is President and Chief Executive Officer of Broadcom. He has led the company, first as Avago Technologies and then as the combined Broadcom, since 2006.

Does Broadcom pay a dividend?

Yes. Broadcom pays a quarterly dividend, currently $0.65 per share, and has increased its dividend for 14 consecutive years, making it one of the few large AI focused semiconductor companies that returns significant cash to shareholders through dividends.

Why has AVGO stock been so important to the AI trade?

Broadcom designs custom AI accelerator chips for some of the largest AI companies in the world, including Google, Meta, OpenAI and Anthropic. This custom chip business has grown extremely quickly and is a major reason Broadcom’s market value briefly exceeded two trillion dollars in 2026.

What is the difference between Broadcom’s two business segments?

The Semiconductor Solutions segment covers chips, including AI accelerators and networking silicon, while the Infrastructure Software segment covers VMware Cloud Foundation, mainframe software and cybersecurity tools acquired through deals such as CA Technologies, Symantec’s enterprise security business and VMware.

Who are Broadcom’s biggest competitors?

Broadcom’s main competitors include Nvidia, Marvell Technology, Qualcomm, Advanced Micro Devices, Intel, Cisco Systems and Arista Networks, depending on the specific product category.

Is Broadcom’s AI revenue guidance reliable?

Broadcom has repeatedly reiterated a target of more than $100 billion in annual AI semiconductor revenue by fiscal 2027, but this is a forward looking management projection rather than a guaranteed outcome, and it depends heavily on continued spending from a small number of very large customers.

This article is for informational and educational purposes only and does not constitute financial, investment, tax or legal advice. Stock prices, market capitalization, revenue figures and analyst price targets change frequently, and the figures above reflect publicly available data as of early July 2026. Always verify current numbers with a live market data source and consider speaking with a licensed financial advisor before making investment decisions involving Broadcom Inc. or any other security.