Q4 25 EPS
$1.95
BEAT +4.28%
Est. $1.87
Q4 25 Revenue
$18.02B
BEAT +2.63%
Est. $17.55B
vs S&P Since Q4 25
+3.0%
BEATING MARKET
AVGO +8.7% vs S&P +5.7%
Full Year 2025 Results
FY 25 EPS
$6.82
BEAT +1.07%
Est. $6.75
FY 25 Revenue
$63.89B
BEAT +0.73%
Est. $63.43B
Market Reaction
Did AVGO Beat Earnings? Q4 2025 Results
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 … Read more 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. Looking ahead, 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
AVGO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
AVGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year.”
— Hock Tan, Q4 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% |