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Reports › AVGO › 10-Q FY2026

SEC filings, compared

What changed in Broadcom's 10-Q for the quarter ended February 1, 2026

Compared with the 10-Q for the quarter ended February 2, 2025. Part I, Item 2 and Part II, Item 1A analysed; every summary checked against the quoted filing text.

Registrant
Broadcom Inc. · AVGO
This filing
0001730168-26-000016 ↗ · filed Mar 11, 2026
Compared with
0001730168-25-000021 ↗ · filed Mar 12, 2025
Processed
Sep 20, 2026 UTC · parser-v5 · classify-v4 · select-v1

Research tool. Describes what filings say. Not investment advice. Verify independently. Read the cited paragraph before relying on it.

How a report is made

45 material changes among 60 changed paragraphs

14 shown by default across the three sections below; each section's "Show all" reaches the rest, in filing order.

Numbers from XBRL

Each figure is the one the filing itself tagged, taken from the filing that reported it. Not written by a model.

ConceptFY2026FY2025Change (our arithmetic)
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax19,311,000,000USD · Nov 3, 2025 to Feb 1, 202614,916,000,000USD · Nov 4, 2024 to Feb 2, 2025+4,395,000,000+29.5%
Net income or lossus-gaap:ProfitLoss7,349,000,000USD · Nov 3, 2025 to Feb 1, 20265,503,000,000USD · Nov 4, 2024 to Feb 2, 2025+1,846,000,000+33.5%
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue14,174,000,000USD · at Feb 1, 20269,307,000,000USD · at Feb 2, 2025+4,867,000,000+52.3%
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities8,260,000,000USD · Nov 3, 2025 to Feb 1, 20266,113,000,000USD · Nov 4, 2024 to Feb 2, 2025+2,147,000,000+35.1%

Values as tagged in the filing's inline XBRL, resolved by accession rather than by period matching. When a value is not tagged, we show that instead of estimating it. FY2026: 0001730168-26-000016 · FY2025: 0001730168-25-000021

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

4 material additions

Part I, Item 2 · MD&A

4 of 4 shown · In filing order, too few to rank

01AddedPart I, Item 2 › Quarterly Highlights

Summary · quote-checked

Adds disclosure that the company repurchased $7,850 million of common stock.

The new paragraph discloses a specific capital-allocation event and amount absent from the prior report, changing the company’s stated use of capital.

Filing text · FY2025 10-Q · filed Mar 12, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Mar 11, 2026

[added] • We repurchased $7,850 million of common stock.

Cite this change

"• We repurchased $7,850 million of common stock."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02AddedPart I, Item 2 › Stock-Based Compensation Expense

Summary · quote-checked

Added disclosure of Two-Year Equity Awards granted in lieu of annual employee equity awards and their four- to five-year expense recognition period.

The new paragraph discloses a new equity-award structure, vesting schedule, and related compensation expense recognition, adding substantive information about obligations and future expense.

Filing text · FY2025 10-Q · filed Mar 12, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Mar 11, 2026

[added] During the second quarter of fiscal year 2025, we granted two-year time- and market-based restricted stock unit awards (the "Two-Year Equity Awards"), in lieu of our annual employee equity awards historically granted in the second quarter of each fiscal year. Each of the Two-Year Equity Awards vests on the same basis as two annual grants with staggered vesting start dates of March 15, 2025 and March 15, 2026 and successive four-year vesting periods. We recognize stock-based compensation expense related to these awards from the grant date through their respective vesting date, ranging from four to five years.

Cite this change

"During the second quarter of fiscal year 2025, we granted two-year time- and market-based restricted stock unit awards (the "Two-Year Equity Awards"), in lieu of our annual employee equity awards historically granted in the second quarter of each fiscal year. Each of the Two-Year Equity Awards vests on the same basis as two annual grants with staggered vesting start dates of March 15, 2025 and March 15, 2026 and successive four-year vesting periods. We recognize stock-based compensation expense related to these awards from the grant date through their respective vesting date, ranging from four to five years."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03AddedPart I, Item 2 › Capital Returns

Summary · quote-checked

Added disclosure of a stock repurchase authorization, its extension and increase, completed repurchases, and remaining authorization.

The new paragraph discloses a capital-return program, share retirements, and remaining authorization, creating substantive information about obligations and use of liquidity.

Filing text · FY2025 10-Q · filed Mar 12, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Mar 11, 2026

[added] In April 2025, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock through December 31, 2025, which was subsequently extended through December 31, 2026 and increased to $11 billion. During the fiscal quarter ended February 1, 2026, we repurchased and retired 23 million shares for $7,850 million. As of February 1, 2026, $700 million of the authorized amount remained available for repurchase under this program.

Cite this change

"In April 2025, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock through December 31, 2025, which was subsequently extended through December 31, 2026 and increased to $11 billion."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04AddedPart I, Item 2 › Capital Returns

Summary · quote-checked

Added disclosure of a Board-authorized program to repurchase up to $10 billion of common stock through December 31, 2026.

The new paragraph discloses a stock repurchase authorization, including its amount and duration, creating a new capital-return commitment.

Filing text · FY2025 10-Q · filed Mar 12, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Mar 11, 2026

[added] Subsequent to the fiscal quarter ended February 1, 2026, our Board of Directors in March 2026 authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time through December 31, 2026.

Cite this change

"Subsequent to the fiscal quarter ended February 1, 2026, our Board of Directors in March 2026 authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time through December 31, 2026."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

What the company no longer says

Paragraphs of the prior filing that this filing dropped. Only last year's text can show these.

10 material removals

Part I, Item 2 · MD&A

5 of 10 shown · Ordered by the model, quote-checked

01RemovedPart I, Item 2 › Quarterly Highlights

Summary · quote-checked

A quarterly financing disclosure was removed, including commercial paper and senior notes issuance and repayment of unsecured term loans.

The removed bullet disclosed specific debt issuance and repayment activity, changing the company’s stated financing obligations and liquidity-related information.

Why the model ranked it here

The removed disclosure described major financing activity and term-loan repayment, directly affecting how clients assess debt and liquidity.

Filing text · FY2025 10-Q · filed Mar 12, 2025

[removed] • We issued $4.0 billion of commercial paper and $3.0 billion of senior unsecured notes and used the net proceeds, as well as cash on hand, to repay $7,595 million of our unsecured term loans.

Filing text · FY2026 10-Q · filed Mar 11, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"• We issued $4.0 billion of commercial paper and $3.0 billion of senior unsecured notes and used the net proceeds, as well as cash on hand, to repay $7,595 million of our unsecured term loans."

Broadcom, Form 10-Q for FY2025, Part I, Item 2, accession 0001730168-25-000021, filed 12 March 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016825000021/avgo-20250202.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02RemovedPart I, Item 2 › Liquidity and Capital Resources

Summary · quote-checked

Removed disclosure that the company may retire or purchase outstanding debt and make additional term-loan prepayments, potentially involving material amounts.

The removed paragraph described discretionary debt transactions, prepayments, liquidity requirements, contractual restrictions, and potentially material amounts, changing disclosed obligations and liquidity-related actions.

Why the model ranked it here

The removed disclosure described potential debt retirements, purchases, and term-loan prepayments, clarifying possible liquidity uses and contractual constraints.

Filing text · FY2025 10-Q · filed Mar 12, 2025

[removed] In addition, we may, at any time and from time to time, seek to retire or purchase our outstanding debt through cash tenders and/or exchanges for equity or debt, in open-market purchases, privately negotiated transactions or otherwise. Such tenders, exchanges or purchases, if any, will be upon such terms and at such prices as we may determine, and will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. We may also make additional prepayments of our outstanding term loans. The amounts involved may be material.

Filing text · FY2026 10-Q · filed Mar 11, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"In addition, we may, at any time and from time to time, seek to retire or purchase our outstanding debt through cash tenders and/or exchanges for equity or debt, in open-market purchases, privately negotiated transactions or otherwise. Such tenders, exchanges or purchases, if any, will be upon such terms and at such prices as we may determine, and will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. We may also make additional prepayments of our outstanding term loans. The amounts involved may be material."

Broadcom, Form 10-Q for FY2025, Part I, Item 2, accession 0001730168-25-000021, filed 12 March 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016825000021/avgo-20250202.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03RemovedPart I, Item 2 › Overview

Summary · quote-checked

The current filing removed the disclosure that VMware contributed a partial quarter of operations in fiscal 2024 versus a full quarter in fiscal 2025.

The removed paragraph explains an acquisition and a changed comparison-period contribution, which affects interpretation of reported operating results rather than merely updating wording or dates.

Why the model ranked it here

The removed disclosure explained how the VMware acquisition affected the comparability of operating results between reporting periods.

Filing text · FY2025 10-Q · filed Mar 12, 2025

[removed] We acquired VMware, Inc. ("VMware") on November 22, 2023, resulting in a partial quarter of operations from activities related to VMware in the first quarter of fiscal year 2024 compared to a full quarter of operations in the first quarter of fiscal year 2025.

Filing text · FY2026 10-Q · filed Mar 11, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"We acquired VMware, Inc. ("VMware") on November 22, 2023, resulting in a partial quarter of operations from activities related to VMware in the first quarter of fiscal year 2024 compared to a full quarter of operations in the first quarter of fiscal year 2025."

Broadcom, Form 10-Q for FY2025, Part I, Item 2, accession 0001730168-25-000021, filed 12 March 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016825000021/avgo-20250202.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04RemovedPart I, Item 2 › Overview

Summary · quote-checked

Removed disclosure explaining the fiscal-week difference and its effect on first-quarter revenue, gross margin dollars, and operating expenses.

The paragraph removed a stated MD&A driver explaining why first-quarter results differed, not merely a date or comparison-period roll-forward.

Why the model ranked it here

The removed disclosure explained how differing fiscal-quarter lengths affected revenue, gross margin, and operating expenses, making period comparisons harder to interpret.

Filing text · FY2025 10-Q · filed Mar 12, 2025

[removed] Our fiscal year ending November 2, 2025 ("fiscal year 2025"), is a 52-week fiscal year, with our first fiscal quarter ended February 2, 2025 containing 13 weeks compared to 14 weeks in the prior year fiscal period. The additional week resulted in higher net revenue, gross margin dollars, research and development expense, and selling, general and administrative expense in the first fiscal quarter of fiscal year 2024, compared to the corresponding current year fiscal period.

Filing text · FY2026 10-Q · filed Mar 11, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"Our fiscal year ending November 2, 2025 ("fiscal year 2025"), is a 52-week fiscal year, with our first fiscal quarter ended February 2, 2025 containing 13 weeks compared to 14 weeks in the prior year fiscal period. The additional week resulted in higher net revenue, gross margin dollars, research and development expense, and selling, general and administrative expense in the first fiscal quarter of fiscal year 2024, compared to the corresponding current year fiscal period."

Broadcom, Form 10-Q for FY2025, Part I, Item 2, accession 0001730168-25-000021, filed 12 March 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016825000021/avgo-20250202.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05RemovedPart I, Item 2 › Amortization of Acquisition-Related Intangible Assets

Summary · quote-checked

The current filing removes the MD&A disclosure explaining the decrease in acquisition-related intangible-asset amortization and its primary cause.

The removed paragraph disclosed a substantive expense trend and attributed it to full amortization of customer-related intangible assets, not merely a formatting or period roll-forward.

Why the model ranked it here

The removed disclosure explained a substantial decline in acquisition-related amortization and its effect on operating expenses.

Filing text · FY2025 10-Q · filed Mar 12, 2025

[removed] Amortization of acquisition-related intangible assets recognized in operating expenses decreased $281 million, or 35% for the fiscal quarter ended February 2, 2025 compared to the prior year fiscal period primarily due to full amortization of customer-related intangible assets from previous software acquisitions other than VMware.

Filing text · FY2026 10-Q · filed Mar 11, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"Amortization of acquisition-related intangible assets recognized in operating expenses decreased $281 million, or 35% for the fiscal quarter ended February 2, 2025 compared to the prior year fiscal period primarily due to full amortization of customer-related intangible assets from previous software acquisitions other than VMware."

Broadcom, Form 10-Q for FY2025, Part I, Item 2, accession 0001730168-25-000021, filed 12 March 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016825000021/avgo-20250202.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

Show all 10 in Part I, Item 2 (5 more, in filing order)

What the company says differently

Paragraphs that changed between the two filings, shown as a word diff.

31 material changes

Part I, Item 2 · MD&A

5 of 31 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Net Revenue

Summary · quote-checked

Customer concentration increased from 29% to 42%, with the customer newly identified as a semiconductor solutions customer and reporting periods rolled forward.

The changed concentration materially alters the stated customer dependency and exposure; the added customer description further specifies the counterparty’s business context.

Why the model ranked it here

The higher concentration materially increases disclosed dependence on a single distributor and makes semiconductor solutions exposure central to revenue.

Filing text · FY2025 10-Q · filed Mar 12, 2025

A relatively small number of customers account for a significant portion of our net revenue. Direct sales to one customer, which is a distributor, accounted for [removed] 29% and 27% of our net revenue for the fiscal quarters ended February [removed] 2, 2025, and February [removed] 4, 2024, respectively.

Filing text · FY2026 10-Q · filed Mar 11, 2026

A relatively small number of customers account for a significant portion of our net revenue. Direct sales to one [added] semiconductor solutions customer, which is a distributor, accounted for [added] 42% and 29% of our net revenue for the fiscal quarters ended February [added] 1, 2026 and February [added] 2, 2025, respectively.

Cite this change

"Direct sales to one semiconductor solutions customer, which is a distributor, accounted for 42% and 29% of our net revenue for the fiscal quarters ended February 1, 2026 and February 2, 2025, respectively."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02ChangedPart I, Item 2 › Net Revenue

Summary · quote-checked

Top-five customer concentration increased from approximately 40% to 50% of net revenue in the latest fiscal quarter.

The updated concentration figure changes the stated customer-dependency exposure, while the prior-period comparison remains approximately 40%; this is more than a calendar roll-forward.

Why the model ranked it here

The higher aggregate concentration materially increases the company’s disclosed dependence on its largest end customers.

Filing text · FY2025 10-Q · filed Mar 12, 2025

We believe aggregate sales to our top five end customers, through all channels, accounted for approximately 40% of our net revenue for [removed] each of the fiscal quarters ended February [removed] 2, 2025 and February [removed] 4, 2024. We expect to continue to experience significant customer concentration in future periods. The loss of, or significant decrease in demand from, any of our top five end customers could have a material adverse effect on our business, results of operations and financial condition.

Filing text · FY2026 10-Q · filed Mar 11, 2026

We believe aggregate sales to our top five end customers, through all channels, accounted for approximately [added] 50% and 40% of our net revenue for the fiscal quarters ended February [added] 1, 2026 and February [added] 2, 2025, respectively. We expect to continue to experience significant customer concentration in future periods. The loss of, or significant decrease in demand from, any of our top five end customers could have a material adverse effect on our business, results of operations and financial condition.

Cite this change

"We believe aggregate sales to our top five end customers, through all channels, accounted for approximately 50% and 40% of our net revenue for the fiscal quarters ended February 1, 2026 and February 2, 2025, respectively."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03ChangedPart I, Item 2 › Liquidity and Capital Resources

Summary · quote-checked

The paragraph adds potential guarantees, credit and customer-default exposure, strategic expansions, and debt-management transactions, while changing “sell” additional securities to “issue” them.

The additions disclose new financial obligations, credit risks, and debt-management activities, changing the company’s stated liquidity and financing exposures beyond wording updates.

Why the model ranked it here

The disclosure introduces potential guarantees, customer-default exposure, and other financing risks that expand the company’s stated obligations.

Filing text · FY2025 10-Q · filed Mar 12, 2025

From time to time, we engage in discussions with third parties regarding potential acquisitions of, or investments in, businesses, technologies and product lines. Any such transaction, or evaluation of potential transactions, could require significant use of our cash and cash equivalents, or require us to increase our borrowings to fund such transactions. If we do not have sufficient cash to fund our operations or finance growth opportunities, including acquisitions, or unanticipated capital expenditures, our business and financial condition could suffer. In such circumstances, we may seek to obtain new debt or equity financing. However, we cannot assure you that such additional financing will be available on terms acceptable to us or at all. Our ability to service our outstanding indebtedness and any other indebtedness we may incur will depend on our ability to generate cash in the future. We may also elect to [removed] sell additional debt or equity securities for reasons other than those specified above.

Filing text · FY2026 10-Q · filed Mar 11, 2026

From time to time, we engage in discussions with third parties regarding potential acquisitions of, or investments in, businesses, technologies and product lines. Any such transaction, or evaluation of potential transactions, could require significant use of our cash and cash equivalents, or require us to increase our borrowings to fund such transactions. If we do not have sufficient cash to fund our operations or finance growth opportunities, including acquisitions, [added] expansions of new business strategies and models, or unanticipated capital expenditures, our business and financial condition could suffer. In [added] addition, we may agree to financial obligations, including guarantees, or increase our exposure to credit or customer default risks to support our strategic initiatives or other corporate purposes. In such circumstances, we may seek to obtain new debt or equity financing. However, we cannot assure you that such additional financing will be available on terms acceptable to us or at all. Our ability to service our outstanding indebtedness and any other indebtedness we may incur will depend on our ability to generate cash in the future. We may also elect to [added] issue additional debt or equity securities for reasons other than those specified above.[added] From time to time, we manage our indebtedness through financings, redemptions, repayments, exchanges, tender offers and other transactions. Such transactions will depend on prevailing market conditions, our liquidity requirements, the terms of indentures, contractual restrictions and other factors.

Cite this change

"In addition, we may agree to financial obligations, including guarantees, or increase our exposure to credit or customer default risks to support our strategic initiatives or other corporate purposes."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04ChangedPart I, Item 2 › Liquidity and Capital Resources

Summary · quote-checked

Liquidity requirements now include discretionary stock repurchases, while outstanding indebtedness and principal payable within 12 months decreased.

The added repurchase requirement introduces a new use of liquidity, and the changed indebtedness figures alter the stated debt exposure and near-term payment obligation.

Why the model ranked it here

Liquidity requirements now expressly include discretionary repurchases while the debt profile and near-term principal burden have changed.

Filing text · FY2025 10-Q · filed Mar 12, 2025

Our short-term and long-term liquidity requirements primarily arise from: (i) [removed] business acquisitions and investments we may make from time to time, (ii) working capital requirements, [removed] (iii) research and development and capital expenditure needs, [removed] (iv) cash dividend payments (if and when declared by our Board of Directors), [removed] (v) interest and principal payments related to our [removed] $68,757 million of outstanding indebtedness with [removed] $5,650 million principal amounts payable within 12 [removed] months and (vi) payment of income [removed] taxes. Our ability to fund these requirements will depend, in part, on our future cash flows, which are determined by our future operating performance and, therefore, subject to prevailing global macroeconomic conditions and financial, business and other factors, some of which are beyond our control.

Filing text · FY2026 10-Q · filed Mar 11, 2026

Our short-term and long-term liquidity requirements primarily arise from: (i) working capital requirements, [added] (ii) research and development and capital expenditure needs, [added] (iii) cash dividend payments (if and when declared by our Board of Directors), [added] (iv) interest and principal payments related to our [added] $67,970 million of outstanding indebtedness with [added] $2,252 million principal amounts payable within 12 [added] months, (v) payment of income [added] taxes, (vi) discretionary stock repurchases, and (vii) business acquisitions and investments we may make from time to time. Our ability to fund these requirements will depend, in part, on our future cash flows, which are determined by our future operating performance and, therefore, subject to prevailing global macroeconomic conditions and financial, business and other factors, some of which are beyond our control.

Cite this change

"Our short-term and long-term liquidity requirements primarily arise from: (i) working capital requirements, (ii) research and development and capital expenditure needs, (iii) cash dividend payments (if and when declared by our Board of Directors), (iv) interest and principal payments related to our $67,970 million of outstanding indebtedness with $2,252 million principal amounts payable within 12 months, (v) payment of income taxes, (vi) discretionary stock repurchases, and (vii) business acquisitions and investments we may make from time to time. Our ability to fund these requirements will depend, in part, on our future cash flows, which are determined by our future operating performance and, therefore, subject to prevailing global macroeconomic conditions and financial, business and other factors, some of which are beyond our control."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05ChangedPart I, Item 2 › Working Capital

Summary · quote-checked

Working capital changed from a decrease to $80 million to an increase to $15,203 million between the stated reporting dates.

The direction of change and reported amounts changed, substantively altering the MD&A statement about liquidity and working capital.

Why the model ranked it here

The reversal from declining to increasing working capital materially changes the disclosure’s portrayal of liquidity conditions.

Filing text · FY2025 10-Q · filed Mar 12, 2025

Working capital [removed] decreased to $80 million at February [removed] 2, 2025 from $2,898 million at November [removed] 3, 2024. The decrease was primarily attributable to the following:

Filing text · FY2026 10-Q · filed Mar 11, 2026

Working capital [added] increased to $15,203 million at February [added] 1, 2026 from $13,059 million at November [added] 2, 2025. The increase was primarily attributable to the following:

Cite this change

"Working capital increased to $15,203 million at February 1, 2026 from $13,059 million at November 2, 2025."

Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000016, filed 11 March 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000016/avgo-20260201.htm

Comparison: https://yearover.com/reports/avgo/0001730168-26-000016?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

Show all 31 in Part I, Item 2 (26 more, in filing order)

What the company reported as changed this quarter

We have not parsed the annual report this quarter's risk factors refers to, so we cannot tell whether it restates the section or reports changes to it. Nothing is compared until we can.

Part II, Item 1A · Risk Factors

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