Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing

Bottom line

- Broadcom's three-month reporting period showed revenue higher than the prior-year comparative, operating income higher than the prior-year comparative, and diluted earnings per share higher than the prior-year comparative, with the company remaining profitable on both windows. The reader can compare against the Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing companion note for cross-checked direction. - Revenue from Contract with Customer, Excluding Assessed Tax was $19,311,000,000 USD for the three months ended February 1, 2026 through the three months ended February 1, 2026, against $14,916,000,000 USD for the three months ended February 2, 2025 through the three months ended February 2, 2025, with the current period higher than the prior period. - Operating Income (Loss) was $8,563,000,000 USD for the three months ended February 1, 2026 through the three months ended February 1, 2026, against $6,260,000,000 USD for the three months ended February 2, 2025 through the three months ended February 2, 2025, with the current period higher than the prior period and the transition remaining profit to profit. - Earnings Per Share, Diluted was $1.50 per diluted share USD/SHARES for the three months ended February 1, 2026 through the three months ended February 1, 2026, against $1.14 per diluted share USD/SHARES for the three months ended February 2, 2025 through the three months ended February 2, 2025, with the current period higher than the prior period and the transition remaining profit to profit.

- Management describes Broadcom as a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions, with applications spanning enterprise and artificial intelligence data centers, servers, networking and connectivity equipment, storage systems, broadband access, wireless devices and base stations, factory automation, power generation, alternative energy systems and electronic displays, alongside mission-critical fibre channel storage area networking products and related software. - Management notes that in the fiscal quarter ended February (omitted) it included upfront license revenue within products revenue rather than within subscriptions and services revenue, with the related costs described as immaterial, and conformed the prior period presentation accordingly; the reclassified amounts are itemized by region in the disaggregation table discussed under the cited segment information note.

- The three core reported lines moved in the same direction relative to the prior year, and each moved profitably on both windows; no analyst-derived percentage, growth rate or contribution estimate is presented here because the underlying figures are not numerically expressed in this prose.

- None presented in this section; the filing's quoted excerpts describe the reclassification only as a presentation change, not as a reversal of the comparative figures.

UNKNOWN: - The filing evidence does not attribute this change to any single cause. - The filing evidence contains no peer or industry comparison.

REPORTING-PERIOD IDENTITY AND SOURCE SCOPE: - This analysis is grounded in Broadcom Inc. (AVGO) 10-Q for period-ended-2026-02-01, filed under accession 0001730168-26-000016 (CIK 0001730168), covering the three-month reporting period the three months ended February 1, 2026 against the prior-year comparative the three months ended February 2, 2025. - The source scope for this section is restricted to the condensed consolidated statements of operations and the revenue disaggregation framing referenced under the cited segment information note; subsequent sections will separately address liquidity, cash flows and other referenced items, including items one through six, the fair-value levels and the cited notes.

Financial performance

), the condensed consolidated statement of operations presents three primary top-line and operating measures that anchor the year-over-year view: - Revenue from Contract with Customer, Excluding Assessed Tax of $19,311,000,000 USD for the three months ended February 1, 2026, compared with $14,916,000,000 USD for the three months ended February 2, 2025. Under the authorized direction, current-quarter revenue is higher than the prior-year quarter, and both periods are positive. - Operating Income (Loss) of $8,563,000,000 USD for the three months ended February 1, 2026, compared with $6,260,000,000 USD for the three months ended February 2, 2025.

Under the authorized direction, current-quarter operating income is higher than the prior-year quarter, and the period transition is profit to profit on both sides. 14 per diluted share USD/SHARES for the three months ended February 2, 2025. Under the authorized direction, current-quarter diluted EPS is higher than the prior-year quarter, with the period transition profit to profit on both sides.

- Management's accounting context and the basis of presentation - Broadcom states that, unless context requires otherwise, "Broadcom," "we," "our," and "us" refer to Broadcom and its consolidated subsidiaries. Both fiscal years referenced — the one ending in November of one year and the one ending in November of the next — are fifty-two/fifty-three-week fiscal years. S.

GAAP for interim financial reporting. The November period-end condensed consolidated balance sheet data were derived from the audited financial statements included in Broadcom's most recent Annual Report on Form (omitted), as filed with the SEC. Operating results for the fiscal quarter ended February (omitted) "are not necessarily indicative of the results that may be expected" for the full fiscal year or any other future period.

- Broadcom also notes that certain prior period amounts in the condensed consolidated statements of operations have been reclassified to conform to the current period presentation. - Reclassifications that affect comparability (management explanation) - For software arrangements without termination-for-convenience provisions, Broadcom recognizes the license portion upfront upon transfer of control ("upfront license revenue"). In the fiscal quarter ended February (omitted), Broadcom included upfront license revenue of (omitted) million within products revenue, with the related costs (immaterial) in cost of products sold.

- To conform to the current period presentation, Broadcom reclassified (omitted) million of upfront license revenue from subscriptions and services revenue to products revenue for the fiscal quarter ended February (omitted). The related costs were likewise immaterial. - In the disaggregation tables by type and region discussed in the cited note on segment information, Broadcom placed (omitted) million, (omitted) million, and (omitted) million of upfront license revenue into products revenue within the Americas; Asia Pacific; and Europe, the Middle East and Africa regions, respectively, for the fiscal quarter ended February (omitted).

To conform, it reclassified (omitted) million, (omitted) million, and (omitted) million from subscriptions and services revenue into products revenue within those same regions for the fiscal quarter ended February (omitted). " The reclassifications themselves are a reminder that line-of-business mix between products and subscriptions and services is partly a presentational choice. - No segment-level operating income, margin, or mix detail is presented here as a fact; the cited segment information note is referenced, but per-segment operating results are not in this section's catalog.

- Analyst inference and unknowns - Because the filing does not connect the year-over-year changes to a single cause, any narrative tying the direction of revenue, operating income, or diluted EPS to a specific driver is not supported. The filing evidence does not attribute this change to any single cause. - The filing also does not provide peer or industry figures for comparison purposes, so any cross-company benchmarking would be unsupported here.

The filing evidence contains no peer or industry comparison. - Guidance and expectations (as carried by the filing) - The filing does not provide quantitative forward guidance for revenue, operating income, or diluted EPS. " Readers can compare this quarter's results against other interim issuers profiled in Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing and Lizely Finance Earnings Analysis — UFP TECHNOLOGIES INC Interim Filing: Profit-to-Profit Growth on Both Windows for additional context.

- Comparison baselines - The relevant baseline is the prior-year three-month comparative (the three months ended February 2, 2025) reported on the same statement lines. There is no separately reported quarter-over-quarter baseline in this section's catalog.

Operating drivers and segments

For the three-month reporting period, Revenue from Contract with Customer, Excluding Assessed Tax moved higher than the prior-year comparative period, while Operating Income (Loss) likewise increased relative to that prior window, holding a profit-to-profit profile across both periods. The filing describes Broadcom Inc.'s reportable posture through the lens of the chief operating decision maker, who reviews disaggregated revenue by type and region rather than by formally reported operating segments in the traditional sense. The cited note on Segment Information lays out that disaggregation, with revenue from the three-month reporting period reflected at $19,311,000,000 USD and the prior-year comparative at $14,916,000,000 USD, and operating income at $8,563,000,000 USD versus $6,260,000,000 USD for the prior period. The two reportable groupings that anchor the disclosure are semiconductor solutions and infrastructure software, with multi-year customer contracts in each carrying firmly committed amounts and remaining performance obligations that, as of the close of the three-month reporting period, totaled a multi-billion-dollar figure cited within the segment note. Within that disaggregation, upfront license revenue was recognized inside products revenue across the Americas, Asia Pacific, and Europe, the Middle East and Africa regions, and a prior-period reclassification was made to move upfront license revenue from subscriptions and services into products so the prior comparative lines up with the current presentation. The level-one and level-two fair-value tier references sit alongside the segment discussion and concern the company's market-risk instruments rather than the segment mix itself, so they do not bear directly on the margin read.

Management frames Broadcom Inc. as a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions, with end-market exposure spanning enterprise and AI data centers, servers, networking and connectivity equipment, storage systems, home connectivity, set-top boxes, broadband access, telecommunication equipment, wireless devices and base stations, factory automation, power generation and alternative energy systems, and electronic displays. The infrastructure software side is described as helping enterprises simplify complex private cloud, hybrid cloud and edge environments, with mission-critical fibre channel storage area networking products offered in module, switch and subsystem form. Management also flags that interim results are unaudited and prepared in accordance with United States generally accepted accounting principles for interim financial information, that the balance sheet is derived from the audited annual filing, that prior-period amounts have been reclassified to conform to the current period presentation, and that estimates and assumptions could affect reported amounts. Management ties revenue recognition to the contract-with-customer framework and explains the treatment of upfront license revenue for software arrangements without termination for convenience provisions, including the reclassification of the prior-period comparable. The filing evidence does not attribute this change to any single cause. The filing evidence contains no peer or industry comparison.

Cash flow and capital

- Operating cash generation strengthened year over year. Net Cash Provided by (Used in) Operating Activities rose to $8,260,000,000 in the three months ended February 1, 2026, higher than the $6,113,000,000 recorded for the three months ended February 2, 2025, consistent with higher Revenue from Contract with Customer, Excluding Assessed Tax and higher Operating Income (Loss) for the same window. - Investing activity remained a net use of cash, with Net Cash Provided by (Used in) Investing Activities moving to -$115,000,000 in the three months ended February 1, 2026 from -$174,000,000 in the three months ended February 2, 2025 — a less negative outturn that suggests an improvement in net cash deployed even though outlays continued.

- Financing activity stayed negative on both sides of the comparison. Net Cash Provided by (Used in) Financing Activities was -$10,149,000,000 in the three months ended February 1, 2026, a decrease in the magnitude of cash used compared with -$5,980,000,000 in the three months ended February 2, 2025, reflecting a still-large but smaller net drain on liquidity. - Within the financing line, the capital-return posture stepped up.

Payments for Repurchase of Common Stock rose to $7,850,000,000 in the three months ended February 1, 2026 from $0 in the three months ended February 2, 2025, where the prior-year reading was effectively zero, signalling a meaningful resumption of share repurchase activity during the latest quarter. - Dividend distributions also grew. Payments of Dividends increased to $3,086,000,000 in the three months ended February 1, 2026 from $2,774,000,000 in the three months ended February 2, 2025, and Payments of Ordinary Dividends, Common Stock rose to $3,086,000,000 from $2,774,000,000 over the same two comparative periods, confirming that ordinary common-stock dividends, not special or one-off items, drove the higher cash outflow.

- Capital spending broadened. Payments to Acquire Property, Plant, and Equipment were higher at $250,000,000 in the three months ended February 1, 2026 than the $100,000,000 recorded for the three months ended February 2, 2025, leaving free cash flow absorbed by both larger reinvestment and larger capital returns. - The balance sheet retained a substantial liquidity cushion alongside a heavy long-dated obligation stack.

Cash and Cash Equivalents, at Carrying Value stood at $14,174,000,000 as of the balance sheet date of February 1, 2026, while Long-term Debt, Excluding Current Maturities sat at $63,805,000,000 as of the same date, underlining that capital allocation continued against a backdrop of meaningful long-term debt — with the Senior Notes and term-loan redemption language noted in the filing still in force. - Reported fact: Net Cash Provided by (Used in) Operating Activities was $8,260,000,000 USD, $6,113,000,000 USD and -$10,149,000,000 USD for the period and prior-year.

- Reported fact: Net Cash Provided by (Used in) Investing Activities was -$115,000,000 USD and -$174,000,000 USD for the period and prior-year. - Reported fact: Payments for Repurchase of Common Stock was $7,850,000,000 USD and $0 USD for the period and prior-year. - Reported fact: Payments of Dividends was $3,086,000,000 USD and $2,774,000,000 USD for the period and prior-year.

- Reported fact: Payments of Ordinary Dividends, Common Stock was $3,086,000,000 USD and $2,774,000,000 USD for the period and prior-year. - Reported fact: Payments to Acquire Property, Plant, and Equipment was $250,000,000 USD and $100,000,000 USD for the period and prior-year. - Reported fact: Cash and Cash Equivalents, at Carrying Value was $14,174,000,000 USD for the balance sheet date the balance sheet date of February 1, 2026.

- Reported fact: Long-term Debt, Excluding Current Maturities was $63,805,000,000 USD for the balance sheet date the balance sheet date of February 1, 2026.

Peer and historical context

The filing evidence supports only a single comparison window for Broadcom Inc. under 10-Q period-ended-2026-02-01 (accession 0001730168-26-000016); no peer set, no industry benchmark, and no earlier fiscal-year column is disclosed alongside the current figures, which confines this section to a year-over-year read and to disclosures already issued elsewhere on this same filing.

The reported revenue from contracts with customers, excluding assessed tax, was $19,311,000,000 USD for the three months ended February 1, 2026, against $14,916,000,000 USD for the three months ended February 2, 2025. The authorized direction for that line is an increase on a year-over-year basis, so revenue is reported as higher than the prior-year period, a directional statement that aligns with the Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing write-up already published on this same filing.

Operating income shifted from $6,260,000,000 USD in the prior-year quarter to $8,563,000,000 USD in the current quarter; both readings are profits, with an authorized increase and an authorized profit-to-profit transition, so the year-over-year read is that operating income rose against the prior-year period without any sign reversal. Segment disaggregation inside Note 9 covers revenue mix by type, but the consolidated operating-income line is the only operating-income basis the filing gives for this quarter, which limits any deeper historical read.

Cash provided by operating activities moved from $6,113,000,000 USD in the prior-year quarter to $8,260,000,000 USD in the current quarter, again both positive and both carrying an authorized increase on a year-over-year basis. The narrative ties some of the operating-cash profile to non-recourse accounts receivable factoring disclosed near Level 1, but the factoring amounts are quoted as omitted in the source and so cannot be cited here.

The filing evidence does not attribute this change to any single cause.

Because the source narrative and the cited notes do not include any peer set, industry index, or earlier fiscal-year figures, The filing evidence contains no peer or industry comparison., and the historical comparison for AVGO under 10-Q period-ended-2026-02-01 is necessarily limited to that single prior-year quarter versus the current quarter.

Scenario analysis

In the base view for Broadcom Inc., the three-month reporting period came in above the prior-year comparative, with revenue of $19,311,000,000 against $14,916,000,000 for the three months ended February 2, 2025. That progression is consistent with the authorized comparison in the catalog, which records revenue moving higher against the prior period. The base scenario therefore assumes the trajectory established in the three months ended February 1, 2026 carries forward, with revenue holding at or above the level reported for the three months ended February 2, 2025 and the authorized profit-to-profit comparison for operating income and diluted earnings per share remaining intact. Capital returns, which the authorized comparisons describe as rising versus the prior period for both share repurchases and ordinary common-stock dividends, are assumed to continue at the cadence implied by the reported quarter rather than accelerating or stalling.

The upside scenario layers additional favorable outcomes on top of the base. Revenue extends further beyond $19,311,000,000, supported by the segment reporting described in the cited note on segment information, which is the only revenue disaggregation reference available in the filing. Operating income continues along the authorized profit-to-profit path that the catalog records, and the cash flow comparisons reinforce the picture: operating cash flow stays positive on the authorized positive-to-positive transition, financing cash flow remains negative on the authorized negative-to-negative transition, and investing cash flow remains negative on the authorized negative-to-negative transition while still increasing relative to the prior period. Capital intensity, as captured by the authorized positive-to-positive comparison for payments to acquire property, plant, and equipment, is assumed to hold rather than step down further, leaving the upside framed by revenue momentum rather than by a sudden change in spending discipline.

The downside scenario keeps revenue at the $19,311,000,000 level or modestly below, with $14,916,000,000 representing the floor that the prior period already established. In this case the authorized profit-to-profit comparison for operating income and diluted earnings per share is preserved, but the headroom narrows. The authorized comparisons for financing, investing, and operating cash flow are assumed to retain their stated directions, and the capital-return comparisons for repurchases and ordinary dividends likewise hold, so the downside is framed as a softening of the top line rather than a reversal of the underlying cash-return profile.

What the filing evidence does not separate is the cause of any revenue move between the three months ended February 2, 2025 and the three months ended February 1, 2026. The filing evidence does not attribute this change to any single cause. The filing also does not break out a peer or industry benchmark that would let a reader weigh the base, upside, or downside against comparable semiconductor issuers, so any cross-company framing is left to the reader; The filing evidence contains no peer or industry comparison. and the segment view that would let a reader distinguish, for example, one product line from another is not surfaced in the notes available here, leaving The filing evidence does not disclose segment-level detail for this dimension. for any dimension that would otherwise call for it.

Readers comparing this scenario set against the company's earlier interim commentary can cross-check the directional pattern in the related Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in the Filing write-up, which covers the same authorized directions on a prior window.

Risks and what to watch

Readers weighing this filing should keep several unresolved questions in mind. The filing evidence supports a single directional observation on the top line — Revenue from Contract with Customer, Excluding Assessed Tax was $14,916,000,000 USD for the three months ended February 2, 2025 and $19,311,000,000 USD for the three months ended February 1, 2026 — but it does not separately walk the bridge between those two figures, so the composition of the change between the two three-month windows is not visible in the cited notes. The filing evidence does not attribute this change to any single cause.

Counter-evidence and headwinds worth flagging:

- **Dilution overhang.** The filing explains that potentially dilutive shares outstanding include unvested RSUs and ESPP rights, with the dilutive effect calculated using the treasury stock method and based on the average stock price for each fiscal period. A rising share price mechanically lifts the dilutive overhang captured in diluted EPS, which can mute reported per-share growth even when operating performance is intact. - **Debt cost and refinancing risk.** Senior notes may be redeemed or repurchased only subject to a make-whole premium plus accrued and unpaid interest, and term loans carry the same prepayment construct. The estimated aggregate fair value of the company's debt as of the cited date is described as determined using quoted prices from less active markets or other observable inputs — consistent with a Level classification — meaning mark-to-market swings can flow through reported fair values even when principal obligations are unchanged. - **Liquidity friction from factoring and commercial paper.** The cited material notes that accounts receivable factoring reduces the receivables balance and that commercial paper may be issued at a discount from par, with that discount amortized to interest expense over its term. Both mechanisms introduce short-term funding exposure and ongoing interest-rate sensitivity that can move operating-cash conversion between periods. - **Legal and governance exposure.** Item 1A flags risk factors and Item 4 references controls and procedures and legal proceedings, indicating the customary Part II items where undisclosed contingencies would first surface. The filing evidence does not enumerate any specific matter here, so the absence of disclosure is not equivalent to the absence of risk.

Unknowns the filing does not resolve:

- Peer or industry comparison data. The filing evidence contains no peer or industry comparison. - Segment-level mix behind the reported revenue total. The filing evidence does not disclose segment-level detail for this dimension. - The specific make-whole amounts, the notional of factored receivables, and the outstanding commercial paper balance — each of which would clarify the cash and interest-expense trajectory for next period.

Metrics to watch next period:

- The Revenue from Contract with Customer, Excluding Assessed Tax figure for the next the three months ended February 1, 2026 window, alongside the corresponding Operating Income (Loss) figure, to confirm whether the profit-to-profit transitions flagged earlier in this analysis continue. - Diluted EPS movement in light of the treasury-stock-method mechanics described in the source narrative. - Cash returns to shareholders, since Payments for Repurchase of Common Stock moved from zero in the three months ended February 2, 2025 to a positive figure in the three months ended February 1, 2026, and ordinary common-stock dividend payments also moved higher; the next period will reveal whether that pace is sustained. - Operating cash flow direction relative to the prior three-month window, with attention to working-capital shifts tied to factoring activity and to capex pacing under Payments to Acquire Property, Plant, and Equipment. - Net financing-activity cash movement, given the negative position reported in the three months ended February 1, 2026 and the make-whole constraints on senior-note and term-loan prepayment.

Readers who want a wider frame on quarterly reporting patterns can compare with Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing.