AVGO
Broadcom Inc. Information Technology Semiconductors & Related Devices S&P 500Nasdaq-100Russell 3000
$326.08Close
$1.5TMarket cap
$292.95 – $480.8152-week range
Dec 10, 2026Next report
Highlights
Cautions
- Not in an uptrend 2 of 8 trend conditions
- Lagging the market RS 21 · weaker than 79% of stocks over 12 months
- Far from its high 32% below its 52-week high
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
32%
1wk
up 1.4%
price change
1mo
down 7.1%
price change
12-month return
down 13%
market up 11% ·
its own down 26%
F-score
7 / 9
Strong
Altman Z
11.37
Low risk
P/E
66.8×
price / earnings
PEG
0.23
P/E / EPS growth
P/B
19.0×
price / book
Earnings yield
up 1.6%
EBIT / enterprise value
Cheaper than
25%
of the market · expensive
Revenue growth
up 24%
year on year
EPS growth
—
latest quarter
Sales growth
up 86%
latest quarter · +38 pts
ROE
up 31%
return on equity
Free cash margin
up 42%
$26.9B FCF
D/E
0.76
long-term debt / equity
Net debt / EBITDA
1.8×
Interest cover
—EBIT / interest
Piotroski tests
- issued more shares
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
- gross margin widened
Repair signals
- Long-term debt down 11% ($69.8B → $62.0B)
- Gross margin 63.0% → 67.8%
Trade setup
ATR%
3.9%
$12.59 a day · 2×ATR $300.90
RS
21 / 99
vs the universe
Trend
2 / 8
trend template
Relative volume
1.5×
vs 50-day average
Up/down volume
0.85
50 sessions
Implied move
13.5%
by Dec 11, 2026 · report Dec 10, 2026
Trend template · 2 of 8
- 150-day average above the 200-day: passes
- 200-day average rising for a month: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Sep 2, 2026
Results reaction
Sep 2, 2026-5% vs market2 sessions after results
Options
$309.4M43.9% IV · activity
Financials
- Gross 68%
- Net 36%
- Free cash 42%
- Cash
- Long-term debt
| FY2020Nov 1, 2020 | FY2021Oct 31, 2021 | FY2022Oct 30, 2022 | FY2023Oct 29, 2023 | FY2024Nov 3, 2024 | FY2025Nov 2, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $23.9B | $27.4B | $33.2B | $35.8B | $51.6B | $63.9B |
| Gross margin | 57% | 61% | 67% | 69% | 63% | 68% |
| Operating income | $4.0B | $8.5B | $14.2B | $16.2B | $13.5B | $25.5B |
| Net income | $3.0B | $6.7B | $11.5B | $14.1B | $5.9B | $23.1B |
| Net margin | 12% | 25% | 35% | 39% | 11% | 36% |
| Earnings per share | $0.70 | $1.57 | $2.72 | $3.30 | $1.23 | $4.77 |
| Free cash flow | $11.6B | $13.3B | $16.3B | $17.6B | $19.4B | $26.9B |
| Free cash margin | 49% | 49% | 49% | 49% | 38% | 42% |
| Cash | $7.6B | $12.2B | $12.4B | $14.2B | $9.3B | $16.2B |
| Long-term debt | $40.2B | $41.2B | $39.1B | $37.6B | $69.8B | $62.0B |
| Shareholders' equity | $23.9B | $25.0B | $22.7B | $24.0B | $67.7B | $81.3B |
| Shares outstanding | 4.07bn | 4.13bn | 4.18bn | 4.14bn | 4.69bn | 4.74bn |
Next report
Dec 10, 2026
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±13.5%
$283 – $371 by Dec 11, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±9.4%
last 4: -3.4% · -13.0% · +6.0% · -12.8%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.4× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $297 – $358 ±9.3% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 43.9% priced · 45.6% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Calmer
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $309.4M calls $173.7M · puts $135.7M · latest session
- 0.78× -1.65 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -72.11k · puts -34.54k past week
For options traders: ATM IV 43.9% (+1.2% 1w) · 1m ÷ 3m IV 0.93 · 25Δ skew 6.7 pts · Net GEX -$155.6M
Most traded contracts 11
| Contract | Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology | Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology | Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology | Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology | Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology | Premium |
|---|---|---|---|---|---|---|
| Dec 18, 2026 · $320 put -2% from price | — | 0.19 | 3.0% | +5.9% | -8.2% | $4.9M |
| Dec 18, 2026 · $350 call +7% from price | — | 0.37 | 2.8% | +3.8% | +11.3% | $4.5M |
| Dec 18, 2026 · $330 put +1% from price | — | 0.09 | 2.7% | +5.0% | -6.6% | $1.7M |
| Dec 18, 2026 · $340 call +4% from price | — | 0.19 | 3.4% | +4.1% | +9.4% | $1.5M |
| Dec 18, 2026 · $310 put -5% from price | — | 0.12 | 4.1% | +6.9% | -10.0% | $1.5M |
| Dec 18, 2026 · $330 call +1% from price | — | 0.15 | 2.4% | +5.0% | +7.7% | $1.3M |
| Dec 18, 2026 · $360 call +10% from price | — | 0.14 | 3.7% | +3.1% | +13.4% | $1.1M |
| Dec 18, 2026 · $280 put -14% from price | — | 0.16 | 4.9% | +10.2% | -16.6% | $711,042 |
| Jan 15, 2027 · $100 call -69% from price | — | 0.60 | 1.5% | -43.9% | -0.1% | $27.4M |
| Jan 15, 2027 · $350 call +7% from price | — | 0.37 | 3.5% | +1.2% | +12.6% | $5.5M |
| Jan 15, 2027 · $360 call +10% from price | — | 0.14 | 4.3% | +0.9% | +14.7% | $1.6M |
Liquid contracts, 3 weeks to 4 months out, soonest expiry first.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Sep 10, 2026 | Quarterly ↗ | Aug 2, 2026 | 39d |
| Jun 9, 2026 | Quarterly ↗ | May 3, 2026 | 37d |
| Mar 11, 2026 | Quarterly ↗ | Feb 1, 2026 | 38d |
| Dec 18, 2025 | Annual ↗ | Nov 2, 2025 | 46d |
| Sep 10, 2025 | Quarterly ↗ | Aug 3, 2025 | 38d |
| Jun 11, 2025 | Quarterly ↗ | May 4, 2025 | 38d |
| Mar 12, 2025 | Quarterly ↗ | Feb 2, 2025 | 38d |
| Dec 20, 2024 | Annual ↗ | Nov 3, 2024 | 47d |
| Sep 11, 2024 | Quarterly ↗ | Aug 4, 2024 | 38d |
| Jun 13, 2024 | Quarterly ↗ | May 5, 2024 | 39d |
| Mar 14, 2024 | Quarterly ↗ | Feb 4, 2024 | 39d |
| Dec 14, 2023 | Annual ↗ | Oct 29, 2023 | 46d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 27, 2026 | New obligation ↗ |
| Sep 2, 2026 | Results · Other events ↗ |
| Jul 6, 2026 | Other events ↗ |
| Jun 18, 2026 | Other events ↗ |
| Jun 11, 2026 | Other events ↗ |
| Jun 3, 2026 | Results · Other events ↗ |
| Apr 21, 2026 | Shareholder vote ↗ |
| Apr 6, 2026 | Other events ↗ |
| Apr 2, 2026 | Director or officer change ↗ |
| Mar 4, 2026 | Results · Other events ↗ |
| Mar 2, 2026 | Director or officer change ↗ |
| Jan 13, 2026 | Other events ↗ |