01AddedPart I, Item 2 › Results of Operations
Added disclosure of upfront license revenue, related costs, and reclassification from subscriptions and services revenue to products revenue.
The new paragraph discloses a revenue category and associated reclassification, introducing substantive information about revenue presentation and related costs.
No corresponding language in the FY2025 10-Q.
[added] We included upfront license revenue of $1,964 million and $3,719 million within products revenue for the fiscal quarter and two fiscal quarters ended May 3, 2026, respectively. We included the related costs, which were immaterial, in cost of products sold. To conform to the current period presentation, we reclassified $1,803 million and $3,775 million of upfront license revenue from subscriptions and services revenue to products revenue for the fiscal quarter and two fiscal quarters ended May 4, 2025, respectively. We also reclassified the related costs for the upfront license revenue, which were immaterial for the periods presented. See Note 2. "Revenue from Contracts with Customers" in Part I, Item 1. of this Form 10-Q for additional information.
Cite this change
"We included upfront license revenue of $1,964 million and $3,719 million within products revenue for the fiscal quarter and two fiscal quarters ended May 3, 2026, respectively."
Broadcom, Form 10-Q for FY2026, Part I, Item 2, accession 0001730168-26-000054, filed 9 June 2026.
Filing: https://www.sec.gov/Archives/edgar/data/1730168/000173016826000054/avgo-20260503.htm
Comparison: https://yearover.com/reports/avgo/0001730168-26-000054?ref=quote
Summaries are written by a model and checked against the quoted text. The quotes are the record.