Q3 25 EPS
$1.69
BEAT +1.60%
Est. $1.66
Q3 25 Revenue
$15.95B
BEAT +0.82%
Est. $15.82B
vs S&P Since Q3 25
+20.7%
BEATING MARKET
AVGO +32.1% vs S&P +11.3%
Market Reaction
Did AVGO Beat Earnings? Q3 2025 Results
Broadcom delivered a record-setting fiscal third quarter, with results that cleared Wall Street's bar on both top and bottom lines as investors watched closely heading into the print. The chipmaker posted earnings of $1.69 per share against a consens… Read more Broadcom delivered a record-setting fiscal third quarter, with results that cleared Wall Street's bar on both top and bottom lines as investors watched closely heading into the print. The chipmaker posted earnings of $1.69 per share against a consensus estimate of $1.66, a beat of 1.60%, while revenue came in at $15.95 billion, ahead of the $15.82 billion estimate by 0.82% and up 22% from the year-ago period. The headline driver was unmistakably AI: revenue from artificial intelligence products accelerated 63% year-over-year to $5.20 billion, fueled by surging demand for custom AI accelerators and networking silicon from hyperscale data center customers. Free cash flow reached a record $7.02 billion, representing 44% of revenue, underscoring the operating leverage the company is extracting from both its semiconductor segment and the ongoing VMware subscription transition. Looking ahead, Broadcom guided Q4 revenue to approximately $17.40 billion, implying 24% year-over-year growth, with CEO Hock Tan projecting AI semiconductor revenue to accelerate further to $6.20 billion, which would mark eleven consecutive quarters of AI revenue expansion. Analysts have since revised fair value estimates meaningfully higher in response to the results.
Key Takeaways
- • AI revenue growth accelerated to 63% year-over-year to $5.2 billion
- • Continued strength in custom AI accelerators and networking
- • VMware subscription transition driving infrastructure software growth of 17% YoY
- • Strong operating leverage driving Adjusted EBITDA margin of 67%
- • Free cash flow up 47% year-over-year to a record $7.0 billion
AVGO YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
AVGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Broadcom achieved record third quarter revenue on continued strength in custom AI accelerators, networking and VMware. Q3 AI revenue growth accelerated to 63% year-over-year to $5.2 billion.”
— Hock Tan, Q3 2025 Earnings Press Release
AVGO Earnings Trends
AVGO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AVGO EPS Trend
Earnings per share: estimate vs actual
AVGO Revenue Trend
Quarterly revenue: estimate vs actual
AVGO Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.02 | $2.05 | +1.32% | $19.31B | +0.90% |
| Q4 25 BEAT FY | $1.87 | $1.95 | +4.28% | $18.02B | +2.63% |
| FY Full Year | $6.75 | $6.82 | +1.07% | $63.89B | +0.73% |
| Q3 25 BEAT | $1.66 | $1.69 | +1.60% | $15.95B | +0.82% |
| Q2 25 BEAT | $1.57 | $1.58 | +0.59% | $15.00B | +0.20% |
| Q1 25 BEAT | $1.51 | $1.60 | +6.11% | $14.92B | +2.23% |
| Q4 24 BEAT FY | $1.39 | $1.42 | +2.16% | $14.05B | -0.86% |
| FY Full Year | $4.85 | $4.87 | +0.36% | $51.57B | -0.24% |
| Q3 24 BEAT | $1.20 | $1.24 | +3.33% | $13.07B | +0.87% |
| Q2 24 BEAT | $10.84 | $10.96 | +1.11% | $12.49B | +3.82% |