Financial Performance - Q4 revenue reached $18.0 billion, a 28% increase year-over-year, primarily driven by a 74% increase in AI semiconductor revenue[3] - Fiscal year 2025 adjusted EBITDA rose 35% year-over-year to a record $43.0 billion, with free cash flow at $26.9 billion[3] - Q4 GAAP net income was $8.5 billion, up 97% from the prior year, while non-GAAP net income increased by 39% to $9.7 billion[4] - The company expects Q1 fiscal year 2026 revenue of approximately $19.1 billion, reflecting a 28% year-over-year increase[4] - Net revenue for the fiscal quarter ended November 2, 2025, was $18,015 million, a 13.3% increase from $15,952 million in the previous quarter[25] - Operating income for the quarter was $7,508 million, up 27.5% from $5,887 million in the previous quarter[25] - Income from continuing operations was $8,518 million, compared to $4,140 million in the previous quarter, marking a 105.7% increase[25] - Basic income per share from continuing operations was $1.80, significantly higher than $0.88 in the previous quarter[25] - Non-GAAP net income for the same quarter was $9.714 billion, up from $8.404 billion, reflecting a 15.5% year-over-year growth[29] - Adjusted EBITDA for the fiscal quarter was $12.218 billion, an increase from $10.702 billion, marking a 14.1% rise year-over-year[29] Cash Flow and Assets - Cash flow from operations for Q4 was $7.7 billion, resulting in free cash flow of $7.5 billion, or 41% of revenue[4] - The company’s cash and cash equivalents at the end of the fiscal quarter were $16.2 billion, compared to $10.7 billion at the end of the prior fiscal quarter[5] - Cash and cash equivalents increased to $16.178 billion as of November 2, 2025, compared to $9.348 billion a year earlier, showing a 73.2% increase[33] - Total current assets rose to $31.573 billion, up from $19.595 billion, indicating a 60.9% increase year-over-year[33] - Free cash flow for the fiscal quarter was $7.466 billion, compared to $7.024 billion in the previous year, reflecting a 6.3% increase[29] - Net cash provided by operating activities for the fiscal quarter was $7,703 million, compared to $7,166 million in the previous quarter, reflecting a 7.5% increase[35] - Cash and cash equivalents at the end of the period reached $16,178 million, up from $10,718 million at the beginning of the period[35] Expenses and Liabilities - Research and development expenses for the quarter were $2,981 million, slightly down from $3,050 million in the previous quarter[27] - Total operating expenses on a GAAP basis were $4,741 million, a decrease from $4,816 million in the previous quarter[27] - Stock-based compensation expense totaled $2,195 million for the quarter, down from $2,322 million in the previous quarter[27] - Long-term debt decreased to $61.984 billion from $66.295 billion, a reduction of 6.5%[33] - Payments on debt obligations were $3,638 million, down from $6,750 million in the previous quarter[35] - Cash paid for interest in the fiscal quarter was $699 million, an increase from $602 million in the previous quarter[35] - Cash paid for income taxes was $755 million, slightly down from $822 million in the previous quarter[35] Dividends and Shareholder Returns - The quarterly common stock dividend was increased by 10% to $0.65 per share, marking the fifteenth consecutive annual dividend increase since 2011[3] Other Notable Items - The company reported a one-time discrete non-cash tax benefit of $2.1 billion for the fiscal quarter ended November 2, 2025[30] - The company did not acquire any businesses during the fiscal quarter, maintaining a focus on organic growth[35] - The weighted-average shares used in diluted per share calculations on a non-GAAP basis was 4,969 million[30]

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Core Insights - Broadcom Inc. reported record revenue of $18.0 billion for Q4 2025, representing a 28% year-over-year growth, primarily driven by a 74% increase in AI semiconductor revenue [2][4] - The company expects AI semiconductor revenue to double year-over-year to $8.2 billion in Q1 2026, contributing to a projected total revenue of $19.1 billion for the quarter [2][10] - Adjusted EBITDA for fiscal year 2025 increased by 35% year-over-year to a record $43.0 billion, with free cash flow reaching $26.9 billion [2][6] Financial Performance - Q4 2025 net revenue was $18,015 million, up 28% from $14,054 million in Q4 2024 [3][4] - Q4 2025 GAAP net income was $8,518 million, a 97% increase from $4,324 million in Q4 2024, while non-GAAP net income was $9,714 million, up 39% from $6,965 million [3][4] - Q4 2025 diluted earnings per share (EPS) were $1.74 (GAAP) and $1.95 (non-GAAP), reflecting increases of 93% and 37% respectively compared to the previous year [3][4] Cash Flow and Dividends - Cash flow from operations for Q4 2025 was $7,703 million, with free cash flow of $7,466 million, representing 41% of revenue [4][5] - The company announced a 10% increase in its quarterly dividend to $0.65 per share for fiscal year 2026, marking the fifteenth consecutive annual dividend increase since 2011 [2][8] Segment Performance - In Q4 2025, semiconductor solutions generated $11,072 million in revenue, accounting for 61% of total revenue, while infrastructure software contributed $6,943 million, or 39% [3][6] - For fiscal year 2025, total net revenue reached $63,887 million, a 24% increase from $51,574 million in fiscal year 2024 [6][3] Future Outlook - The company forecasts Q1 2026 adjusted EBITDA to be 67% of projected revenue, with total revenue guidance of approximately $19.1 billion, reflecting a 28% increase from the prior year [2][10]

Core Viewpoint - Broadcom is set to report its fiscal fourth-quarter earnings, with expectations for adjusted EPS of $1.87 and revenue of $17.5 billion, particularly focusing on AI chips [2] Financial Performance - Broadcom's shares reached a record high and have increased by 75% year-to-date [2] - The company secured $10 billion from a new qualified customer, which is expected to significantly enhance its AI revenue outlook for fiscal 2026 [2] Market Position - Broadcom is characterized as a "picks and shovels" company, producing essential components like wireless and Bluetooth chips, Ethernet switches, and infrastructure software [5] - It ranks as the seventh largest company by market capitalization in the S&P 500 [5] Analyst Sentiment - Rosenblatt raised its price target for Broadcom from $400 to $440, maintaining a buy rating, while Canaccord Genuity increased its target from $450 to $525 [13] - Overall, analyst sentiment appears bullish, with some caution due to the rapid price increase [13] Options Activity - Options volume for Broadcom is significantly higher than average, with a 2.4 times increase compared to the 5-day moving average [14] - Approximately 59% of the options traded were calls, indicating bullish sentiment ahead of the earnings report [15] Technical Analysis - Key price levels to watch include intraday highs around $414.61 and notable support levels at approximately $403 and $386 [8] - The 21-day EMA and monthly EMA are near $382, suggesting potential support if the stock retreats [10]

Hi, Kelly. Well, analysts do expect the chipmaker to beat and raise. Honestly, everyone is incredibly bullish on this company, and that's because of surging demand specifically for custom chips it makes for Google.That momentum helps explains why Broadcom, you said shares are down today, but if you look at it over just a two-month period, shares have jumped 25% while Nvidia essentially flatline. You can see down negative 2%. But these particular chips, they're called TPUs or tensor processing units and they ...

Hi, Kelly. Well, analysts do expect the chipmaker to beat and raise. Honestly, everyone is incredibly bullish on this company, and that's because of surging demand specifically for custom chips it makes for Google.That momentum helps explains why Broadcom, you said shares are down today, but if you look at it over just a two-month period, shares have jumped 25% while Nvidia essentially flatline. You can see down negative 2%. But these particular chips, they're called TPUs or tensor processing units and they ...

And we're [music] back on Morning Trade Live. All eyes will be on Broadcom after the close today as the chipmaker will report earnings for its fiscal fourth quarter. Expectations are for adjusted EPS of [music] $187 a pop on revenue of 17.5% billion as investors will be eagerly awaiting commentary on AI chips of course on its latest on its last I should say earnings [music] call.CEO Hawkan announced the company had secured $10 billion from a new qualified customers which he said would significantly improve ...

Core Insights - Broadcom Inc. is a key player in the semiconductor and infrastructure software sectors, with a diverse product range that positions it for future growth [1] - The average price target for Broadcom has increased from $369 to $442.5 over the past year, indicating growing confidence in the company's market position [2][4] Strategic Partnerships and AI Focus - Broadcom's collaboration with OpenAI and its emphasis on AI technology, particularly custom AI chips, are significant growth drivers [2][4] - The partnership with OpenAI involves a 10-gigawatt project, which is expected to yield substantial financial benefits [5] Financial Outlook - Broadcom projects a revenue of $17.4 billion in Q4 2025, representing a 24% year-over-year increase, with a significant contribution from AI semiconductor solutions [3][5] - AI semiconductor solutions are expected to generate $6.2 billion, reflecting a 66% year-over-year increase [5] Market Sentiment and Analyst Confidence - Analysts have raised the price target for Broadcom to $442.5, with some, like Christopher Rolland from Susquehanna, setting a target as high as $680, reflecting strong confidence in the company's future performance [4][6] - Despite concerns about potential margin pressures and customer concentration risks, Broadcom is considered a 'top pick' on Wall Street due to its strategic positioning in the AI industry [6]

Economic Indicators - The Federal Reserve cut rates by 25 basis points, raised growth estimates, and lowered inflation projections, contributing to positive sentiment in the stock market [1] - Initial Jobless Claims rose to 236,000, the highest since the week after Labor Day, but this figure is roughly the median for new claims over the past year [2] - Continuing Claims dropped significantly to 1.838 million, the lowest since mid-April, indicating a potential positive trend in the labor market [3][4] - The U.S. Trade Balance improved, shrinking to a deficit of $52.8 billion, the lowest level since June 2020, and 60% lower than the record deficit in March [5] Company Earnings - Lovesac (LOVE) reported negative earnings of $0.72 per share, missing estimates, and its revenue of $150.17 million was down 2.37% from consensus, leading to a 14% drop in shares [6] - Broadcom (AVGO) is expected to see earnings growth of 31.7% and revenue growth of 24.5%, driven by AI infrastructure supply [7] - Costco (COST) is projected to achieve 11.5% earnings growth and 8.3% revenue growth [7] - Lululemon (LULU) is estimated to report a 22.7% decline in earnings, despite a 3.5% increase in revenues [7]

Economic Indicators - Initial Jobless Claims rose to +236K, the highest since +263K reported after Labor Day, following a previous drop to +192K, which was revised slightly higher [2] - Continuing Claims dropped significantly to 1.838 million from a revised 1.937 million, marking a -99K decrease week over week, the lowest since mid-April [3] - The long-term jobless claims remained above 1.9 million for 32 weeks without exceeding 2 million, indicating stability in the labor market [4] Trade Balance - The U.S. Trade Deficit decreased to -$52.8 billion, the lowest level since June 2020, down from a revised -$59.3 billion the previous month [5] - This figure is -60% lower than the record trade deficit set in March, attributed to preemptive actions by trade merchants ahead of tariff changes [5] Company Earnings - Lovesac (LOVE) reported negative earnings of -$0.72 per share, missing the anticipated -$0.70, and revenue of $150.17 million, down -2.37% from consensus, resulting in a -14% drop in shares [6] - Broadcom (AVGO) is expected to see earnings growth of +31.7% and revenue growth of +24.5%, driven by AI infrastructure supply [7] - Costco (COST) is projected to achieve +11.5% earnings growth with +8.3% revenue growth [7] - Lululemon (LULU) is estimated to report a -22.7% decline in earnings while revenues are expected to grow by +3.5% [8]