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Fabless·AVGO

Broadcom Inc.

NASDAQ · US

Custom ASIC, switch silicon, SerDes, and connectivity supplier to hyperscale AI infrastructure.

AI relevance

Custom accelerator and AI networking control point.

Fabless Networking Optics ASIC Connectivity Switching Other

Price

$323.24

Change

-14.56 (-4.31%)

Market cap

$1.54T

52w range

$290–$495

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

AVGO market performance

Daily close for Broadcom Inc.

Latest close: $323.2
Range move: -$17.06 (-5.0%)
Range high: $481.6
Range low: $293.4
Latest volume: 28.1M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

84 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$514.37

+59.1%

Target range

$350.00 - $600.00

Rating mix

Buy

60 ratings

Next FY revenue

$106.00B

2026-11-02

Next FY EPS

$11.68

$11.39 - $13.69

Rating consensus60 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-11-02	$106.00B	$105.88B - $106.23B	$11.68	$11.39 - $13.69	$75.03B	$67.75B	$57.66B	$6.30B	30 rev / 27 EPS
2027-11-02	$174.09B	$167.43B - $184.34B	$19.25	$18.15 - $21.35	$116.14B	$109.89B	$95.14B	$10.35B	36 rev / 28 EPS
2028-11-02	$281.37B	$159.06B - $312.13B	$30.64	$21.34 - $44.29	$174.86B	$169.16B	$147.86B	$16.72B	40 rev / 18 EPS
2029-11-02	$416.48B	$315.60B - $455.26B	$47.33	$32.42 - $53.05	$266.72B	$261.13B	$229.67B	$24.76B	21 rev / 8 EPS
2030-11-02	$552.39B	$418.60B - $603.83B	$49.51	$33.92 - $55.50	$278.87B	$273.02B	$240.25B	$32.83B	21 rev / 16 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-11-02	$34.89B	$34.81B - $35.14B	$3.83	$3.70 - $3.90	$23.94B	$21.82B	$18.71B	$2.07B	23 rev / 25 EPS
2027-02-02	$37.01B	$33.98B - $38.27B	$4.08	$3.75 - $4.33	$25.26B	$23.22B	$19.96B	$2.20B	21 rev / 22 EPS
2027-05-02	$40.39B	$38.14B - $41.79B	$4.47	$4.14 - $4.67	$27.29B	$25.33B	$21.83B	$2.40B	20 rev / 10 EPS
2027-08-02	$44.70B	$42.20B - $46.24B	$4.96	$4.60 - $5.18	$29.92B	$28.02B	$24.23B	$2.66B	10 rev / 10 EPS
2027-11-02	$50.85B	$48.01B - $52.61B	$5.66	$5.25 - $5.92	$33.73B	$31.90B	$27.68B	$3.02B	11 rev / 14 EPS
2028-02-02	$57.88B	$54.65B - $59.87B	$6.31	$5.85 - $6.60	$37.24B	$35.47B	$30.85B	$3.44B	17 rev / 11 EPS
2028-05-02	$65.24B	$61.60B - $67.49B	$7.02	$6.51 - $7.33	$41.08B	$39.35B	$34.30B	$3.88B	9 rev / 21 EPS
2028-08-02	$74.00B	$69.87B - $76.56B	$7.94	$7.36 - $8.30	$46.09B	$44.40B	$38.80B	$4.40B	9 rev / 13 EPS

Price target history

Window	Targets	Average target
Last month	1	$600.00
Last quarter	11	$509.82
Last year	51	$478.35
All time	155	$281.79

Sources: Benzinga, StreetInsider, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-09-04	Citigroup	Maintain	Buy	Buy
2026-09-04	DA Davidson	Maintain	Neutral	Neutral
2026-09-03	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-09-03	BMO Capital	Maintain	Outperform	Outperform
2026-09-03	Rosenblatt	Maintain	Buy	Buy
2026-09-03	Keybanc	Maintain	Overweight	Overweight
2026-09-03	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-09-03	Morgan Stanley	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-10-01	7	40	3
2026-09-01	8	40	4
2026-08-01	8	37	4
2026-07-01	7	37	4
2026-06-01	8	37	4
2026-05-01	8	37	4
2026-04-01	7	40	3
2026-03-01	8	40	2

FinancialsFY 2025

Financials

Revenue

$63.89B

Gross margin

67.8%

Operating income

$25.48B

Free cash flow

$26.91B

Cash + ST investments

$16.18B

Net debt

$48.96B

ROE

28.4%

ROIC

16.4%

EV / sales

27.5x

EV / EBITDA

50.6x

R&D / revenue

17.2%

Current ratio

1.7x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$63.89B	$43.29B	67.8%	$10.98B	$25.48B	$34.71B	$23.13B	$4.91
FY 2024	$51.57B	$32.51B	63.0%	$9.31B	$13.46B	$23.88B	$5.89B	$1.27
FY 2023	$35.82B	$24.69B	68.9%	$5.25B	$16.21B	$20.55B	$14.08B	$3.39
FY 2022	$33.20B	$22.09B	66.5%	$4.92B	$14.22B	$19.16B	$11.49B	$2.74
FY 2021	$27.45B	$16.84B	61.4%	$4.85B	$8.52B	$14.69B	$6.74B	$1.57
FY 2020	$23.89B	$13.52B	56.6%	$4.97B	$4.01B	$11.13B	$2.96B	$0.66
FY 2019	$22.60B	$12.48B	55.2%	$4.70B	$3.44B	$9.48B	$2.72B	$0.68
FY 2018	$20.85B	$10.73B	51.5%	$3.77B	$5.13B	$9.25B	$12.26B	$2.93
FY 2017	$17.64B	$8.51B	48.2%	$3.29B	$2.37B	$7.02B	$1.69B	$0.42
FY 2016	$13.24B	$5.94B	44.9%	$2.67B	-$409.0M	$2.52B	-$1.74B	$-0.48
FY 2015	$6.82B	$3.55B	52.1%	$1.05B	$1.63B	$2.62B	$1.36B	$0.52
FY 2014	$4.27B	$1.88B	44.0%	$695.0M	$438.0M	$1.08B	$263.0M	$0.11

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$27.54B	$623.0M	$26.91B
FY 2024	$19.96B	$548.0M	$19.41B
FY 2023	$18.09B	$452.0M	$17.63B
FY 2022	$16.74B	$424.0M	$16.31B
FY 2021	$13.76B	$443.0M	$13.32B
FY 2020	$12.06B	$463.0M	$11.60B
FY 2019	$9.70B	$432.0M	$9.27B
FY 2018	$8.88B	$635.0M	$8.24B
FY 2017	$6.55B	$1.07B	$5.48B
FY 2016	$3.41B	$723.0M	$2.69B
FY 2015	$2.32B	$593.0M	$1.73B
FY 2014	$1.18B	$409.0M	$766.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$16.18B	$12.15B	$2.27B	$2.53B	$171.09B	$65.14B	$48.96B	$89.80B	$81.29B
FY 2024	$9.35B	$6.33B	$1.76B	$2.52B	$165.65B	$67.57B	$58.22B	$97.97B	$67.68B
FY 2023	$14.19B	$3.15B	$1.90B	$2.62B	$72.86B	$39.65B	$25.46B	$48.87B	$23.99B
FY 2022	$12.42B	$2.96B	$1.93B	$2.22B	$73.25B	$39.98B	$27.56B	$50.54B	$22.71B
FY 2021	$12.16B	$2.07B	$1.30B	$2.35B	$75.57B	$40.27B	$28.11B	$50.58B	$24.99B
FY 2020	$7.62B	$2.30B	$1.00B	$2.51B	$75.93B	$41.69B	$34.07B	$52.03B	$23.90B
FY 2019	$5.05B	$3.26B	$874.0M	$2.56B	$67.49B	$32.80B	$27.74B	$42.52B	$24.97B
FY 2018	$4.29B	$3.33B	$1.12B	$2.63B	$50.12B	$17.49B	$13.20B	$23.47B	$26.66B
FY 2017	$11.20B	$2.45B	$1.45B	$2.60B	$54.42B	$17.55B	$6.34B	$31.23B	$20.29B
FY 2016	$3.10B	$2.18B	$1.40B	$2.51B	$49.97B	$13.64B	$10.54B	$28.09B	$18.89B
FY 2015	$1.82B	$1.02B	$524.0M	$1.46B	$10.52B	$3.87B	$2.05B	$5.80B	$4.71B
FY 2014	$1.63B	$782.0M	$519.0M	$1.16B	$10.49B	$5.51B	$3.90B	$7.25B	$3.24B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	67.8%	39.9%	36.2%	1.7x	1.6x	28.4%	16.4%	27.5x	50.6x	1.6%	17.2%	82d
FY 2024	63.0%	26.1%	11.4%	1.2x	1.1x	8.7%	5.6%	16.2x	35.1x	2.5%	18.1%	47d
FY 2023	68.9%	45.2%	39.3%	2.8x	2.6x	58.7%	22.5%	10.5x	18.2x	5.1%	14.7%	55d
FY 2022	66.5%	42.8%	34.6%	2.6x	2.4x	50.6%	19.7%	6.6x	11.5x	8.5%	14.8%	63d
FY 2021	61.4%	31.0%	24.5%	2.6x	2.4x	27.0%	12.2%	8.9x	16.7x	6.2%	17.7%	35d
FY 2020	56.6%	16.8%	12.4%	1.9x	1.7x	12.4%	5.7%	7.3x	15.8x	8.2%	20.8%	41d
FY 2019	55.2%	15.2%	12.1%	1.4x	1.3x	10.9%	5.4%	6.6x	15.7x	7.6%	20.8%	53d
FY 2018	51.5%	24.6%	58.8%	3.9x	3.4x	46.0%	10.7%	5.0x	11.4x	9.0%	18.1%	70d
FY 2017	48.2%	13.4%	9.6%	6.3x	5.7x	8.3%	4.5%	6.4x	16.1x	5.1%	18.7%	64d
FY 2016	44.9%	-3.1%	-13.1%	2.3x	1.9x	-9.2%	-0.9%	5.5x	28.9x	4.3%	20.2%	67d
FY 2015	52.1%	23.9%	20.0%	3.4x	2.9x	28.9%	16.4%	5.1x	13.2x	5.3%	15.4%	44d
FY 2014	44.0%	10.3%	6.2%	3.8x	3.3x	8.1%	4.2%	6.0x	23.7x	3.5%	16.3%	67d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+23.9%	+33.2%	+17.9%	+89.3%	+292.3%	+286.6%	+38.6%	-13.7%	+73.1%	+29.0%	+3.3%	-3.6%
FY 2024	+44.0%	+31.7%	+77.2%	-16.9%	-58.1%	-62.5%	+10.1%	-21.2%	-34.1%	-7.3%	+127.3%	+70.4%
FY 2023	+7.9%	+11.7%	+6.8%	+13.9%	+22.5%	+23.7%	+8.1%	-6.6%	+14.3%	-1.4%	-0.5%	-0.8%
FY 2022	+21.0%	+31.2%	+1.3%	+67.0%	+70.7%	+74.5%	+22.5%	+4.3%	+2.1%	+48.4%	-3.1%	-0.7%
FY 2021	+14.9%	+24.6%	-2.3%	+112.2%	+127.6%	+137.9%	+14.9%	+4.3%	+59.7%	+29.3%	-0.5%	-3.4%
FY 2020	+5.7%	+8.3%	+5.8%	+16.6%	+8.7%	-2.9%	+25.2%	-7.2%	+50.7%	+14.8%	+12.5%	+27.1%
FY 2019	+8.4%	+16.3%	+24.6%	-32.9%	-77.8%	-76.8%	+12.4%	+32.0%	+17.8%	-22.2%	+34.7%	+87.5%
FY 2018	+18.2%	+26.1%	+14.5%	+116.6%	+624.5%	+597.6%	+50.4%	+40.6%	-61.7%	-22.3%	-7.9%	-0.3%
FY 2017	+33.2%	+43.2%	+23.1%	+679.7%	+197.3%	+187.5%	+103.9%	-47.9%	+261.8%	+3.4%	+8.9%	+28.6%
FY 2016	+94.0%	+67.2%	+154.9%	-125.1%	-227.5%	-192.3%	+55.8%	-21.9%	+70.0%	+167.2%	+375.2%	+252.3%
FY 2015	+59.9%	+89.3%	+50.9%	+272.6%	+418.6%	+372.7%	+125.2%	-45.0%	+11.9%	+1.0%	+0.2%	-29.7%
FY 2014	+69.4%	+56.7%	+74.6%	-20.7%	-52.4%	-50.0%	+57.6%	-73.3%	+63.0%	+82.1%	+207.2%	+275350.0%

SegmentsFY 2025

Revenue Mix

Period	Total	Semiconductor Solutions	Infrastructure Software	Wired Infrastructure	Wireless Communications	Enterprise Storage	Industrial And Other
FY 2025	$63.89B	$36.86B	$27.03B	--	--	--	--
FY 2024	$51.57B	$30.10B	$21.48B	--	--	--	--
FY 2023	$35.82B	$28.18B	$7.64B	--	--	--	--
FY 2022	$33.20B	$25.82B	$7.38B	--	--	--	--
FY 2021	$27.45B	$20.38B	$7.07B	--	--	--	--
FY 2020	$23.89B	$17.27B	$6.62B	--	--	--	--
FY 2019	$22.52B	$17.37B	$5.16B	--	--	--	--
FY 2018	$20.85B	--	--	$8.67B	$6.49B	$4.67B	$1.01B

Period	Total	Asia Pacific	Americas	EMEA
FY 2025	$63.89B	$35.90B	$18.94B	$9.05B
FY 2024	$51.57B	$28.42B	$14.97B	$8.18B
FY 2023	$35.82B	$23.92B	$8.28B	$3.62B
FY 2022	$33.20B	$22.50B	$6.94B	$3.75B
FY 2021	$27.45B	$17.98B	$6.10B	$3.37B
FY 2020	$23.89B	$15.32B	$5.83B	$2.73B
FY 2019	$22.60B	$15.23B	$5.15B	$2.22B
FY 2018	$13.00B	$10.30B	$2.70B	--

Transcripts

Events

Next earnings

2026-12-09EPS est $3.82

Recent filings

42026-09-25
EFFECT2026-09-18
424B32026-09-18

Latest news

Broadcom Inc. (AVGO) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research · 2026-10-22
Broadcom Stocks Dip 4.5% After New AI Fraud Defense Launch
GuruFocus · 2026-10-22

Analyst expectations

Consensus target

$514.37

+59.1%

Target range

$350.00 - $600.00

Rating mix

Buy

60 ratings

Next FY revenue

$106.00B

2026-11-02

Next FY EPS

$11.68

$11.39 - $13.69

Rating consensus60 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-11-02	$106.00B	$105.88B - $106.23B	$11.68	$11.39 - $13.69	$75.03B	$67.75B	$57.66B	$6.30B	30 rev / 27 EPS
2027-11-02	$174.09B	$167.43B - $184.34B	$19.25	$18.15 - $21.35	$116.14B	$109.89B	$95.14B	$10.35B	36 rev / 28 EPS
2028-11-02	$281.37B	$159.06B - $312.13B	$30.64	$21.34 - $44.29	$174.86B	$169.16B	$147.86B	$16.72B	40 rev / 18 EPS
2029-11-02	$416.48B	$315.60B - $455.26B	$47.33	$32.42 - $53.05	$266.72B	$261.13B	$229.67B	$24.76B	21 rev / 8 EPS
2030-11-02	$552.39B	$418.60B - $603.83B	$49.51	$33.92 - $55.50	$278.87B	$273.02B	$240.25B	$32.83B	21 rev / 16 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-11-02	$34.89B	$34.81B - $35.14B	$3.83	$3.70 - $3.90	$23.94B	$21.82B	$18.71B	$2.07B	23 rev / 25 EPS
2027-02-02	$37.01B	$33.98B - $38.27B	$4.08	$3.75 - $4.33	$25.26B	$23.22B	$19.96B	$2.20B	21 rev / 22 EPS
2027-05-02	$40.39B	$38.14B - $41.79B	$4.47	$4.14 - $4.67	$27.29B	$25.33B	$21.83B	$2.40B	20 rev / 10 EPS
2027-08-02	$44.70B	$42.20B - $46.24B	$4.96	$4.60 - $5.18	$29.92B	$28.02B	$24.23B	$2.66B	10 rev / 10 EPS
2027-11-02	$50.85B	$48.01B - $52.61B	$5.66	$5.25 - $5.92	$33.73B	$31.90B	$27.68B	$3.02B	11 rev / 14 EPS
2028-02-02	$57.88B	$54.65B - $59.87B	$6.31	$5.85 - $6.60	$37.24B	$35.47B	$30.85B	$3.44B	17 rev / 11 EPS
2028-05-02	$65.24B	$61.60B - $67.49B	$7.02	$6.51 - $7.33	$41.08B	$39.35B	$34.30B	$3.88B	9 rev / 21 EPS
2028-08-02	$74.00B	$69.87B - $76.56B	$7.94	$7.36 - $8.30	$46.09B	$44.40B	$38.80B	$4.40B	9 rev / 13 EPS

Price target history

Window	Targets	Average target
Last month	1	$600.00
Last quarter	11	$509.82
Last year	51	$478.35
All time	155	$281.79

Sources: Benzinga, StreetInsider, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-09-04	Citigroup	Maintain	Buy	Buy
2026-09-04	DA Davidson	Maintain	Neutral	Neutral
2026-09-03	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-09-03	BMO Capital	Maintain	Outperform	Outperform
2026-09-03	Rosenblatt	Maintain	Buy	Buy
2026-09-03	Keybanc	Maintain	Overweight	Overweight
2026-09-03	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-09-03	Morgan Stanley	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-10-01	7	40	3
2026-09-01	8	40	4
2026-08-01	8	37	4
2026-07-01	7	37	4
2026-06-01	8	37	4
2026-05-01	8	37	4
2026-04-01	7	40	3
2026-03-01	8	40	2

Financials

Revenue

$63.89B

Gross margin

67.8%

Operating income

$25.48B

Free cash flow

$26.91B

Cash + ST investments

$16.18B

Net debt

$48.96B

ROE

28.4%

ROIC

16.4%

EV / sales

27.5x

EV / EBITDA

50.6x

R&D / revenue

17.2%

Current ratio

1.7x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$63.89B	$43.29B	67.8%	$10.98B	$25.48B	$34.71B	$23.13B	$4.91
FY 2024	$51.57B	$32.51B	63.0%	$9.31B	$13.46B	$23.88B	$5.89B	$1.27
FY 2023	$35.82B	$24.69B	68.9%	$5.25B	$16.21B	$20.55B	$14.08B	$3.39
FY 2022	$33.20B	$22.09B	66.5%	$4.92B	$14.22B	$19.16B	$11.49B	$2.74
FY 2021	$27.45B	$16.84B	61.4%	$4.85B	$8.52B	$14.69B	$6.74B	$1.57
FY 2020	$23.89B	$13.52B	56.6%	$4.97B	$4.01B	$11.13B	$2.96B	$0.66
FY 2019	$22.60B	$12.48B	55.2%	$4.70B	$3.44B	$9.48B	$2.72B	$0.68
FY 2018	$20.85B	$10.73B	51.5%	$3.77B	$5.13B	$9.25B	$12.26B	$2.93
FY 2017	$17.64B	$8.51B	48.2%	$3.29B	$2.37B	$7.02B	$1.69B	$0.42
FY 2016	$13.24B	$5.94B	44.9%	$2.67B	-$409.0M	$2.52B	-$1.74B	$-0.48
FY 2015	$6.82B	$3.55B	52.1%	$1.05B	$1.63B	$2.62B	$1.36B	$0.52
FY 2014	$4.27B	$1.88B	44.0%	$695.0M	$438.0M	$1.08B	$263.0M	$0.11

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$27.54B	$623.0M	$26.91B
FY 2024	$19.96B	$548.0M	$19.41B
FY 2023	$18.09B	$452.0M	$17.63B
FY 2022	$16.74B	$424.0M	$16.31B
FY 2021	$13.76B	$443.0M	$13.32B
FY 2020	$12.06B	$463.0M	$11.60B
FY 2019	$9.70B	$432.0M	$9.27B
FY 2018	$8.88B	$635.0M	$8.24B
FY 2017	$6.55B	$1.07B	$5.48B
FY 2016	$3.41B	$723.0M	$2.69B
FY 2015	$2.32B	$593.0M	$1.73B
FY 2014	$1.18B	$409.0M	$766.0M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$16.18B	$12.15B	$2.27B	$2.53B	$171.09B	$65.14B	$48.96B	$89.80B	$81.29B
FY 2024	$9.35B	$6.33B	$1.76B	$2.52B	$165.65B	$67.57B	$58.22B	$97.97B	$67.68B
FY 2023	$14.19B	$3.15B	$1.90B	$2.62B	$72.86B	$39.65B	$25.46B	$48.87B	$23.99B
FY 2022	$12.42B	$2.96B	$1.93B	$2.22B	$73.25B	$39.98B	$27.56B	$50.54B	$22.71B
FY 2021	$12.16B	$2.07B	$1.30B	$2.35B	$75.57B	$40.27B	$28.11B	$50.58B	$24.99B
FY 2020	$7.62B	$2.30B	$1.00B	$2.51B	$75.93B	$41.69B	$34.07B	$52.03B	$23.90B
FY 2019	$5.05B	$3.26B	$874.0M	$2.56B	$67.49B	$32.80B	$27.74B	$42.52B	$24.97B
FY 2018	$4.29B	$3.33B	$1.12B	$2.63B	$50.12B	$17.49B	$13.20B	$23.47B	$26.66B
FY 2017	$11.20B	$2.45B	$1.45B	$2.60B	$54.42B	$17.55B	$6.34B	$31.23B	$20.29B
FY 2016	$3.10B	$2.18B	$1.40B	$2.51B	$49.97B	$13.64B	$10.54B	$28.09B	$18.89B
FY 2015	$1.82B	$1.02B	$524.0M	$1.46B	$10.52B	$3.87B	$2.05B	$5.80B	$4.71B
FY 2014	$1.63B	$782.0M	$519.0M	$1.16B	$10.49B	$5.51B	$3.90B	$7.25B	$3.24B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	67.8%	39.9%	36.2%	1.7x	1.6x	28.4%	16.4%	27.5x	50.6x	1.6%	17.2%	82d
FY 2024	63.0%	26.1%	11.4%	1.2x	1.1x	8.7%	5.6%	16.2x	35.1x	2.5%	18.1%	47d
FY 2023	68.9%	45.2%	39.3%	2.8x	2.6x	58.7%	22.5%	10.5x	18.2x	5.1%	14.7%	55d
FY 2022	66.5%	42.8%	34.6%	2.6x	2.4x	50.6%	19.7%	6.6x	11.5x	8.5%	14.8%	63d
FY 2021	61.4%	31.0%	24.5%	2.6x	2.4x	27.0%	12.2%	8.9x	16.7x	6.2%	17.7%	35d
FY 2020	56.6%	16.8%	12.4%	1.9x	1.7x	12.4%	5.7%	7.3x	15.8x	8.2%	20.8%	41d
FY 2019	55.2%	15.2%	12.1%	1.4x	1.3x	10.9%	5.4%	6.6x	15.7x	7.6%	20.8%	53d
FY 2018	51.5%	24.6%	58.8%	3.9x	3.4x	46.0%	10.7%	5.0x	11.4x	9.0%	18.1%	70d
FY 2017	48.2%	13.4%	9.6%	6.3x	5.7x	8.3%	4.5%	6.4x	16.1x	5.1%	18.7%	64d
FY 2016	44.9%	-3.1%	-13.1%	2.3x	1.9x	-9.2%	-0.9%	5.5x	28.9x	4.3%	20.2%	67d
FY 2015	52.1%	23.9%	20.0%	3.4x	2.9x	28.9%	16.4%	5.1x	13.2x	5.3%	15.4%	44d
FY 2014	44.0%	10.3%	6.2%	3.8x	3.3x	8.1%	4.2%	6.0x	23.7x	3.5%	16.3%	67d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+23.9%	+33.2%	+17.9%	+89.3%	+292.3%	+286.6%	+38.6%	-13.7%	+73.1%	+29.0%	+3.3%	-3.6%
FY 2024	+44.0%	+31.7%	+77.2%	-16.9%	-58.1%	-62.5%	+10.1%	-21.2%	-34.1%	-7.3%	+127.3%	+70.4%
FY 2023	+7.9%	+11.7%	+6.8%	+13.9%	+22.5%	+23.7%	+8.1%	-6.6%	+14.3%	-1.4%	-0.5%	-0.8%
FY 2022	+21.0%	+31.2%	+1.3%	+67.0%	+70.7%	+74.5%	+22.5%	+4.3%	+2.1%	+48.4%	-3.1%	-0.7%
FY 2021	+14.9%	+24.6%	-2.3%	+112.2%	+127.6%	+137.9%	+14.9%	+4.3%	+59.7%	+29.3%	-0.5%	-3.4%
FY 2020	+5.7%	+8.3%	+5.8%	+16.6%	+8.7%	-2.9%	+25.2%	-7.2%	+50.7%	+14.8%	+12.5%	+27.1%
FY 2019	+8.4%	+16.3%	+24.6%	-32.9%	-77.8%	-76.8%	+12.4%	+32.0%	+17.8%	-22.2%	+34.7%	+87.5%
FY 2018	+18.2%	+26.1%	+14.5%	+116.6%	+624.5%	+597.6%	+50.4%	+40.6%	-61.7%	-22.3%	-7.9%	-0.3%
FY 2017	+33.2%	+43.2%	+23.1%	+679.7%	+197.3%	+187.5%	+103.9%	-47.9%	+261.8%	+3.4%	+8.9%	+28.6%
FY 2016	+94.0%	+67.2%	+154.9%	-125.1%	-227.5%	-192.3%	+55.8%	-21.9%	+70.0%	+167.2%	+375.2%	+252.3%
FY 2015	+59.9%	+89.3%	+50.9%	+272.6%	+418.6%	+372.7%	+125.2%	-45.0%	+11.9%	+1.0%	+0.2%	-29.7%
FY 2014	+69.4%	+56.7%	+74.6%	-20.7%	-52.4%	-50.0%	+57.6%	-73.3%	+63.0%	+82.1%	+207.2%	+275350.0%

Revenue Mix