Financials Broadcom Inc.

Equities

AVGO

US11135F1012

Semiconductors

Market Closed - Nasdaq Other stock markets 21:00:00 13/02/2026 GMT			After hours 00:56:30
325.17 ^USD	-1.81%		325.74	+0.18%

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Projected Income Statement: Broadcom Inc.

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	27,450	33,203	35,819	51,574	63,887	96,951	134,944	169,271
Change	-	20.96%	7.88%	43.99%	23.87%	51.75%	39.19%	25.44%
EBITDA ¹	16,451	21,029	23,213	31,897	43,004	64,525	89,841	109,762
Change	-	27.83%	10.39%	37.41%	34.82%	50.04%	39.23%	22.17%
EBIT ¹	15,912	20,294	22,125	30,736	41,997	62,926	87,723	110,899
Change	-	27.54%	9.02%	38.92%	36.64%	49.83%	39.41%	26.42%
Interest Paid ¹	-1,885	-1,625	-1,622	-3,953	-3,210	-2,769	-2,586	-2,076
Earnings before Tax (EBT) ¹	6,765	12,434	15,097	9,916	22,729	41,222	60,752	78,432
Change	-	83.8%	21.42%	-34.32%	129.22%	81.36%	47.38%	29.1%
Net income ¹	6,736	11,495	14,082	5,895	23,126	38,465	55,903	76,552
Change	-	70.65%	22.51%	-58.14%	292.3%	66.33%	45.34%	36.94%
Announcement Date	09/12/21	08/12/22	07/12/23	12/12/24	11/12/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: November	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	6,655	6,610	6,778	7,407	7,706	8,103	8,464	8,930	8,915	8,733	8,876	9,295	11,961	12,487	13,072	14,054	14,916	15,004	15,952	18,015	19,105	20,319	27,049	31,053	31,637	32,936	35,102	37,698
Change	-	-0.68%	2.54%	9.28%	4.04%	5.15%	4.46%	5.51%	-0.17%	-2.04%	1.64%	4.72%	28.68%	4.4%	4.68%	7.51%	6.13%	0.59%	6.32%	12.93%	6.05%	6.35%	33.12%	14.8%	1.88%	4.11%	6.58%	7.39%
EBITDA ¹	3,918	3,935	4,080	4,518	4,818	5,111	5,378	5,722	5,678	5,686	5,801	6,048	7,156	7,429	8,223	9,089	10,083	10,001	10,702	12,218	12,957	13,929	18,059	20,796	21,479	22,096	23,874	25,562
Change	-	0.43%	3.68%	10.74%	6.64%	6.08%	5.22%	6.4%	-0.77%	0.14%	2.02%	4.26%	18.32%	3.81%	10.69%	10.53%	10.94%	-0.81%	7.01%	14.17%	6.05%	7.5%	29.65%	15.16%	3.28%	2.87%	8.05%	7.07%
EBIT ¹	3,780	3,802	3,946	4,384	4,656	4,939	5,199	5,500	5,430	5,412	5,536	5,747	6,831	7,146	7,948	8,811	9,828	9,793	10,455	11,921	12,593	13,427	17,482	19,980	20,328	21,167	22,648	24,299
Change	-	0.58%	3.79%	11.1%	6.2%	6.08%	5.26%	5.79%	-1.27%	-0.33%	2.29%	3.81%	18.86%	4.61%	11.22%	10.86%	11.54%	-0.36%	6.76%	14.02%	5.64%	6.63%	30.2%	14.29%	1.74%	4.13%	7%	7.29%
Charge d'intérêts ¹	-570	-466	-415	-434	-407	-518	-406	-406	-406	-405	-406	-405	-926	-1,047	-1,064	-916	-873	-769	-807	-761	-728.4	-712.8	-700.1	-688.8	-673.3	-669	-664.8	-660.6
Earnings before Tax (EBT) ¹	1,384	1,486	1,726	2,169	2,687	2,790	3,337	3,620	3,840	3,716	3,574	3,967	1,342	2,005	2,806	3,763	5,490	5,085	5,285	6,869	7,476	8,117	11,750	14,091	15,913	16,739	17,815	18,898
Change	-	7.37%	16.15%	25.67%	23.88%	3.83%	19.61%	8.48%	6.08%	-3.23%	-3.82%	11%	-66.17%	49.4%	39.95%	34.11%	45.89%	-7.38%	3.93%	29.97%	8.84%	8.57%	44.76%	19.92%	12.94%	5.19%	6.43%	6.08%
Net income ¹	1,378	1,493	1,876	1,989	2,472	2,590	3,074	3,359	3,774	3,481	3,303	3,524	1,325	2,121	-1,875	4,324	5,503	4,965	4,140	8,518	6,950	7,693	11,060	13,225	13,397	14,076	15,299	16,611
Change	-	8.35%	25.65%	6.02%	24.28%	4.77%	18.69%	9.27%	12.35%	-7.76%	-5.11%	6.69%	-62.4%	60.08%	-188.4%	330.61%	27.27%	-9.78%	-16.62%	105.75%	-18.4%	10.68%	43.77%	19.57%	1.3%	5.07%	8.69%	8.58%
Announcement Date	04/03/21	03/06/21	02/09/21	09/12/21	03/03/22	26/05/22	01/09/22	08/12/22	02/03/23	01/06/23	31/08/23	07/12/23	07/03/24	12/06/24	05/09/24	12/12/24	06/03/25	05/06/25	04/09/25	11/12/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Broadcom Inc.

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	27,567	27,099	25,040	58,218	48,958	24,599	-20,345	-58,797
Change	-	-1.7%	-7.6%	132.5%	-15.91%	-49.75%	-182.71%	-189%
Announcement Date	09/12/21	08/12/22	07/12/23	12/12/24	11/12/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Broadcom Inc.

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	443	424	452	548	623	862.1	979.9	1,078
Change	-	-4.29%	6.6%	21.24%	13.69%	38.37%	13.67%	10.04%
Free Cash Flow (FCF) ¹	13,321	16,312	17,633	19,414	26,914	46,016	66,451	86,352
Change	-	22.45%	8.1%	10.1%	38.63%	70.97%	44.41%	29.95%
Announcement Date	09/12/21	08/12/22	07/12/23	12/12/24	11/12/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Broadcom Inc.

Fiscal Period: November	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	59.93%	63.33%	64.81%	61.85%	67.31%	66.55%	66.58%	64.84%
EBIT Margin (%)	57.97%	61.12%	61.77%	59.6%	65.74%	64.9%	65.01%	65.52%
EBT Margin (%)	24.64%	37.45%	42.15%	19.23%	35.58%	42.52%	45.02%	46.34%
Net margin (%)	24.54%	34.62%	39.31%	11.43%	36.2%	39.67%	41.43%	45.22%
FCF margin (%)	48.53%	49.13%	49.23%	37.64%	42.13%	47.46%	49.24%	51.01%
FCF / Net Income (%)	197.76%	141.91%	125.22%	329.33%	116.38%	119.63%	118.87%	112.8%
Profitability
ROA	8.89%	22.21%	25.16%	19.9%	20.03%	27.4%	33.9%	27.09%
ROE	51.51%	69.33%	78.71%	51.78%	45.28%	48.72%	50.08%	45.21%
Financial Health
Leverage (Debt/EBITDA)	1.68x	1.29x	1.08x	1.83x	1.14x	0.38x	-	-
Debt / Free cash flow	2.07x	1.66x	1.42x	3x	1.82x	0.53x	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.61%	1.28%	1.26%	1.06%	0.98%	0.89%	0.73%	0.64%
CAPEX / EBITDA (%)	2.69%	2.02%	1.95%	1.72%	1.45%	1.34%	1.09%	0.98%
CAPEX / FCF (%)	3.33%	2.6%	2.56%	2.82%	2.31%	1.87%	1.47%	1.25%
Items per share
Cash flow per share ¹	3.208	3.956	4.235	4.093	5.571	10.63	14.83	18.97
Change	-	23.32%	7.05%	-3.36%	36.1%	90.85%	39.45%	27.94%
Dividend per Share ¹	1.44	1.64	1.905	2.17	2.42	2.622	2.945	3.452
Change	-	13.89%	16.16%	13.91%	11.52%	8.36%	12.3%	17.21%
Book Value Per Share ¹	5.572	5.173	5.618	14.64	16.45	23.33	32.04	47.73
Change	-	-7.16%	8.6%	160.53%	12.36%	41.83%	37.35%	48.97%
EPS ¹	1.5	2.653	3.298	1.23	4.77	7.717	11.74	15.83
Change	-	76.87%	24.31%	-62.7%	287.8%	61.79%	52.15%	34.82%
Nbr of stocks (in thousands)	4,116,163	4,050,078	4,127,355	4,670,576	4,722,365	4,741,274	4,741,274	4,741,274
Announcement Date	09/12/21	08/12/22	07/12/23	12/12/24	11/12/25	-	-	-