NASDAQ$AVGO

Broadcom Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Broadcom reported fiscal Q3 2025 total net revenue of $16.0B with net income of $4.14B and diluted EPS of $0.88.

Total net revenue was $15.95 billion for the quarter ended August 3, 2025, with net income of $4.14 billion and diluted EPS of $0.88. AI networking and custom accelerators drove semiconductor demand while VMware subscription revenue expanded.

  • Q3 total net revenue $15.95B; net income $4.14B; diluted EPS $0.88.
  • Products revenue $9.26B; subscriptions and services $6.70B.
  • Operating income $5.89B on strong AI-related semiconductor demand.
  • Integration of VMware and capital returns remain strategic priorities.

Headline financials

Total Revenue

$16B

Previous: $13.1B+22.0%
EPS (adj)

$0.88

Previous: -$0.40+320.0%
Cash Flow From Operations

$7.17B

Previous: $4.96B+44.4%
Adjusted EBITDA

$10.7B

Previous: $8.22B+30.1%
Capital Expenditures

-$386M

Previous: -$426M+9.4%
Free Cash Flow

$3.75B

Previous: -$2.3B+263.1%
Net Income

$4.14B

Previous: -$1.88B+320.8%
Operating Income

$5.89B

Previous: $3.79B+55.4%
Gross Profit

$10.7B

Previous: $8.36B+28.1%
Cash & Equivalents

$10.7B

Previous: $9.95B+7.7%
Total Assets

$166B

Previous: $168B-1.4%

Revenue & EPS history

Broadcom · Revenue · Quarterly

$16B

Q3 2025+22%vs Q3 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Broadcom · $15B total across 2 segments · Q2 2025

  • Semiconductor Solutions
    $8.41B
  • Infrastructure Software
    $6.6B

Forward guidance

The release discusses Broadcom's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Broadcom cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+2.9%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.1%

Avg return

30 days after

69%

38 / 55 earnings

Positive

+22.7%

Q4 2024

Best reaction

-19.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-8.1%-14.2%
Q1 2026+6.1%+7.9%-0.9%
Q4 2025-19.2%-19.8%-15.1%
Q3 2025+9.5%+20.7%+10.5%
Q2 2025+0.0%+1.0%+4.9%
Q1 2025+8.6%+8.2%-18.5%
Q4 2024+22.7%+31.1%+22.4%
Q3 2024-11.1%-3.8%+14.6%
Q2 2024+14.9%+25.2%+16.4%
Q1 2024+4.2%-4.3%-0.8%
Q4 2023+4.5%+18.7%+16.1%
Q3 2023-2.2%-2.3%-6.9%
Q2 2023+0.5%-2.2%+7.4%
Q1 2023+6.6%+5.3%+8.1%
Q4 2022+5.1%+10.1%+13.5%
Q3 2022+0.2%-0.2%-11.0%
Q2 2022+9.7%+9.1%-4.2%
Q1 2022+1.7%-1.7%+7.0%
Q4 2021+7.3%+4.5%+5.2%
Q3 2021+0.9%+0.7%-1.2%
Q2 2021+0.3%-2.2%-1.2%
Q1 2021-2.8%-4.2%+2.8%
Q4 2020-2.5%+0.4%+7.1%
Q3 2020-3.2%-6.5%-4.8%
Q2 2020+2.5%+1.9%+1.9%
Q1 2020-4.8%-18.9%+3.4%
Q4 2019-1.3%+1.3%-6.4%
Q3 2019-2.6%-3.1%-5.7%
Q2 2019-4.9%-0.6%+2.0%
Q1 2019+7.0%+10.4%+16.9%
Q4 2018-1.5%+6.4%+0.5%
Q3 2018+5.1%+5.0%+10.3%
Q2 2018-2.1%-0.8%-6.0%
Q1 2018-2.2%-7.0%-5.2%
Q4 2017+0.8%-0.6%+3.8%
Q3 2017-4.4%-5.9%-6.9%
Q2 2017+6.3%+6.0%-2.7%
Q1 2017+3.0%+3.3%+3.8%
Q4 2016+6.2%+6.5%+4.8%
Q3 2016-1.9%-3.0%-2.2%
Q2 2016+5.0%+6.5%-0.4%
Q1 2016+6.6%
Q4 2015+9.0%
Q3 2015+16.4%
Q2 2015+4.7%
Q1 2015+14.2%
Q4 2014+11.8%
Q3 2014+7.7%
Q2 2014+0.9%
Q1 2014+3.9%
Q4 2013+6.2%
Q3 2013+2.1%
Q2 2013+9.9%
Q1 2013+2.1%
Q4 2012+2.1%

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