Highest-materiality recent filing
Broadcom expands Apple custom ASIC supply deal through 2031
New multi-year agreements extend collaboration through 2031.
Broadcom launches up to $2.5B cash tender offer for six series of senior notes
Offers up to $2.5B aggregate purchase price for six note series maturing 2030-2038.
Broadcom Q2 FY2026 revenue $22.2B (+48% YoY); AI semi rev $10.8B (+143%); Q3 guide $29.4B (+84%)
GAAP diluted EPS $1.91; non-GAAP diluted EPS $2.44; adjusted EBITDA $15.2B (69% of revenue).
Long Term Agreement to develop and supply custom TPUs for Google's future generations.
Broadcom CFO Kirsten Spears to retire June 12, 2026; Amie Thuener appointed successor
Kirsten Spears resigns as CFO and CAO effective June 12, 2026; will provide consulting until March 15, 2027.
Broadcom Q1 revenue $19.3B (+29% YoY); AI revenue $8.4B (+106%); Q2 guidance $22B (+47%)
Q1 revenue $19,311M (+29% YoY); GAAP diluted EPS $1.50, Non-GAAP diluted EPS $2.05.
Broadcom Q4 revenue $18.015B (+28% YoY), non-GAAP EPS $1.95; dividend raised 10%
GAAP net income $8.518B ($1.74 diluted EPS); non-GAAP net income $9.714B ($1.95 diluted EPS).
Broadcom issues $5B in new notes; redeems ~$3.64B of older notes
Issued $5B senior notes: $1B 4.200% due 2030, $2.25B 4.800% due 2036, $1.75B 4.900% due 2038.
Broadcom grants CEO Hock Tan 610,521 PSUs tied to AI revenue targets of $60B–$120B by FY2030
Target PSUs: 610,521 shares; payout ranges from 0% (AI revenue ≤$60B) to 300% (≥$120B) over FY2028–FY2030.
Broadcom Q3 rev $15.95B (+22% YoY), AI rev $5.2B (+63%); Q4 guide $17.4B, div $0.59
GAAP diluted EPS $0.85; Non-GAAP diluted EPS $1.69; Non-GAAP net income $8.40B.
Broadcom Q2 FY2025 revenue $15.0B (+20% YoY); AI rev $4.4B (+46%); Q3 guide ~$15.8B
GAAP diluted EPS $1.03; non-GAAP diluted EPS $1.58; GAAP net income $4.97B, non-GAAP $7.79B.
Broadcom Q1 revenue record $14.9B, up 25%; AI rev $4.1B +77%; dividend $0.59
Revenue $14,916M (+25% YoY); GAAP EPS $1.14; Non-GAAP EPS $1.60.
Broadcom issues $3B of senior notes in three tranches
$1.1B 4.800% notes due 2028, $800M 5.050% notes due 2030, $1.1B 5.200% notes due 2032.
Broadcom Q4 revenue $14.1B (+51%), non-GAAP EPS $1.42, dividend up 11% to $0.59
Q4 revenue $14,054M (+51% YoY); non-GAAP EPS $1.42 vs $1.11 YoY.
Broadcom issues $5B in senior notes across four tranches for general corporate purposes
$5B aggregate principal: $875M 4.150% notes due 2028, $1.5B 4.350% due 2030, $875M 4.550% due 2032, $1.75B 4.800% due 2034.
Broadcom Q3 revenue $13.07B up 47%; non-GAAP EPS $1.24; guides Q4 rev ~$14B
Revenue $13,072M (+47% YoY); non-GAAP net income $6,120M; GAAP net loss $1,875M from $4.5B one-time tax charge.
Broadcom files pro forma financials combining VMware for FY2023 and H1 2024
Pro forma net revenue for two quarters ended May 5, 2024: $25.03B; net income $3.86B; diluted EPS $8.09.
Q2 revenue $12,487M (+43% YoY); GAAP EPS $4.42, non-GAAP EPS $10.96.
Broadcom Q1 revenue up 34% to $11.96B; GAAP EPS $2.84, non-GAAP $10.99; guides FY24 revenue ~$50B
Revenue $11.96B, +34% YoY; semiconductor solutions $7.39B (+4%), infrastructure software $4.57B (+153% on VMware).
Broadcom completes VMware acquisition; VMware 9-month revenue $10.1B, net income $1.24B
Acquisition closed Nov 22, 2023; each VMware share exchanged for $142.50 cash or 0.25200 Broadcom shares (subject to 50/50 proration).
Broadcom Q4 revenue $9.3B (+4% YoY), guides FY24 to $50B with VMware, boosts dividend 14%
Q4 revenue $9,295M (+4% YoY); GAAP diluted EPS $8.25, non-GAAP $11.06.
Broadcom completes $69B acquisition of VMware; VMware shares cease trading
Each VMware share converted into $142.50 cash or 0.25200 Broadcom share, subject to 50/50 proration.
Broadcom and VMware expect imminent deal close; 96% of VMware holders elected stock consideration
Deal expected to close prior to merger agreement expiration; all required regulatory clearances obtained in Australia, Brazil, EU, UK, and others.
Broadcom and VMware set Oct 23 election deadline for merger consideration; close expected Oct 30
Election deadline for VMware stockholders to choose form of merger consideration is 5:00 p.m. ET Oct 23, 2023.
Broadcom Q3 revenue $8.88B (+5% YoY); non-GAAP EPS $10.54; Q4 guidance ~$9.27B
Revenue $8,876M (+5% YoY); GAAP diluted EPS $7.74; non-GAAP diluted EPS $10.54.
Broadcom secures $28.4B term loan facilities to fund VMware acquisition
Three unsecured term loan facilities: Term A-2 ($10.7B, 2-yr), A-3 ($10.7B, 3-yr), A-5 ($7B, 5-yr).
Broadcom Q2 FY2023 revenue $8.73B (+8% YoY), non-GAAP EPS $10.32; guides Q3 rev $8.85B
Revenue $8,733M (+8% YoY); GAAP diluted EPS $8.15, non-GAAP diluted EPS $10.32.
Broadcom enters multi-year supply agreements with Apple for RF and wireless components
Broadcom subsidiaries signed two multi-year statements of work with Apple.
Broadcom say-on-pay vote fails at 2023 annual meeting; stock incentive plan approved
Advisory vote on named executive officer compensation not approved: 109.1M for, 228.4M against.
Broadcom Q1 FY2023 revenue $8.9B (+16% YoY); non-GAAP EPS $10.33; declares $4.60 dividend
Revenue $8,915M (+16% YoY); GAAP diluted EPS $8.80; non-GAAP diluted EPS $10.33.
Broadcom Q4 revenue $8.93B (+21% YoY), non-GAAP EPS $10.45 beats; dividend raised 12% to $4.60
Revenue $8,930M (+21% YoY); GAAP net income $3,359M, diluted EPS $7.83 (+$3.38 YoY).
Broadcom Q3 FY2022 revenue $8.46B (+25% YoY); Non-GAAP EPS $9.73; guides Q4 revenue ~$8.9B
Revenue $8,464M (+25% YoY); Semiconductor solutions $6,624M (+32%), Infrastructure software $1,840M (+5%).
Thomas H. Krause resigns as President of Broadcom Software Group, effective July 15, 2022, to join a private enterprise software company.
Broadcom Q2 revenue up 23% to $8.1B; Non-GAAP EPS $9.07; Q3 guidance ~$8.4B
Revenue $8,103M (+23% YoY); GAAP EPS $5.93, Non-GAAP EPS $9.07.
Broadcom to acquire VMware for ~$61B; 44% premium, expects $8.5B EBITDA within 3 years
Deal valued at ~$61B based on AVGO closing price May 25; Broadcom assumes $8B VMware net debt.
Broadcom to acquire VMware for $142.50/share or 0.252 Broadcom shares per VMware share
Consideration: $142.50 cash or 0.252 Broadcom shares per VMware share, subject to 50% proration between cash and stock.
Broadcom exchanges ~$1.68B in existing notes for new 4.926% Senior Notes due 2037
Exchanged $49.7M CA 4.700% 2027, $479.6M 5.000% 2030, $302.6M 4.750% 2029, $847.0M 4.110% 2028, and $823.3M 4.150% 2030 for new notes.
Broadcom issues $1.95B of new notes and launches $2.5B exchange for 4.926% notes due 2037
Issued $750M 4.00% notes due 2029 and $1.2B 4.15% notes due 2032; proceeds to redeem 2025 and 2026 notes.
Raul Fernandez notified the Board that he does not intend to stand for re-election at Broadcom’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”), effective February 5, 2024.
On and effective February 5, 2024, the Board of Directors (the “Board”) of Broadcom Inc. (“Broadcom”) increased the size of the Board to ten members and appointed Kenneth Y. Hao, Chairman and Managing Partner of Silver Lake, as an independent member of the Board.
In addition, the Company also announced that Charlie B. Kawwas, Ph.D., currently Chief Operating Officer of the Company, has been named President of the new Semiconductor Solutions Group, overseeing the Company’s broad semiconductor portfolio, effective July 11, 2022.
On July 6, 2022, Thomas H. Krause, President of the Broadcom Software Group of Broadcom Inc. (the “Company”), notified the Company that he has decided to resign, effective July 15, 2022, and accept another role at a privately held enterprise software company.
Max materiality 1.00 · Median 0.72 · Most common event earnings