Broadcom Inc. · NASDAQ:AVGO

Broadcom — Q3 2025 Earnings Presentation

24 slides from Broadcom's earnings presentation, Sep 4, 2025

  1. Slide 1: Broadcom Inc. Company Overview

    Broadcom Inc. Company Overview September 2025 Copyright 1 | Copyright © 2025 Broadcom. © 2025 Broadcom. All RightsAll Reserved. Rights Reserved. The term The “Broadcom” term “Broadcom” refers to Broadcom refers to Broadcom Inc. and/or Inc. itsand/or consolidated its consolidated subsidiaries. subsid

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This presentation contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) which are based on current expectations

  3. Slide 3: Broadcom at a Glance

    Broadcom at a Glance Providing Market-Leading Semiconductor and Software Technologies for Mission Critical Infrastructure FY24 net $9.3B Broad IP revenue of investment in Portfolio with $51.6B R&D in FY24 ~20,000 patents 25 Category-Leading Semiconductor and Infrastructure Software Divisions 3 | Cop

  4. Slide 4: Growth Through Acquisition and Innovation

    Growth Through Acquisition and Innovation Net Revenue* ($ in billions) Est. 1998 $51.6 Enterprise Security Est. 1982 Est. 1976 $35.8 Est. 1995 $33.2 Est. 1991 $27.5 $23.9 $22.6 $20.8 Est. 1960 $17.6 $13.2 Est. 1981 Est. 2007 IPO $6.8 $4.3 $1.7 $2.1 $2.3 $2.4 $2.5 $1.4 $1.5 $1.5 $1.5 2005 2006 2007 2

  5. Slide 5: Fiscal Year 2024 Revenue

    Fiscal Year 2024 Revenue AI XPU & AI Networking Cybersecurity Infrastructure Software Broadband Enterprise Software Industrial Fiber Channel Networking $51.6B Networking/Connectivity Mainframe Software Semiconductor Server/Storage Solutions Private Cloud Wireless 5 | Copyright © 2025 Broadcom. All R

  6. Slide 6: AI: Open, Scalable, Power-Efficient Solutions for Data Center

    AI: Open, Scalable, Power-Efficient Solutions for Data Center Enterprise Hyperscale Data Center Service Provider DSP Physical Layer Semiconductor Solutions Ethernet SerDes Optical Interconnect XPU PCIe 6 | Copyright © 2025 Broadcom. All Rights Reserved. The term “Broadcom” refers to Broadcom Inc. an

  7. Slide 7: Broadband: End-to-End Solutions

    Broadband: End-to-End Solutions Connected Devices Customer Premise Service Provider Cable Modem/DOCSIS Set-top Box (Satellite, Cable, IPTV) Semiconductor Solutions DSL Wi-Fi Router PON 7 | Copyright © 2025 Broadcom. All Rights Reserved. The term “Broadcom” refers to Broadcom Inc. and/or its consolid

  8. Slide 8: Industrial: Automation, Renewable & Automotive

    Industrial: Automation, Renewable & Automotive Factory Automation Renewable Energy Automotive Electronics Ethernet Connectivity Motion Control Encoders Semiconductor Solutions Fiber Optics Optical Isolation LED Solutions Optical Sensors 8 | Copyright © 2025 Broadcom. All Rights Reserved. The term “B

  9. Slide 9: Networking: High-Performance Connectivity

    Networking: High-Performance Connectivity Enterprise Hyperscale Data Center Service Provider DSP Routing Semiconductor Solutions Optical Interconnect Switching Physical Layer XPU 9 | Copyright © 2025 Broadcom. All Rights Reserved. The term “Broadcom” refers to Broadcom Inc. and/or its consolidated s

  10. Slide 10: Server/Storage Connectivity: On-Premise and Cloud

    Server/Storage Connectivity: On-Premise and Cloud Enterprise Hyperscale Data Center SSD/HDD Fibre Channel HBAs Controllers/Preamp Semiconductor Solutions PCIe RAID Adapters 10 | Copyright © 2025 Broadcom. All Rights Reserved. The term “Broadcom” refers to Broadcom Inc. and/or its consolidated subsid

  11. Slide 11: Wireless: Mobile Device Connectivity

    Wireless: Mobile Device Connectivity Smartphone Solutions Wireless Connectivity GNSS RF Front End Filters & Modules Semiconductor Solutions Inductive Charging Touch Controller Optical Sensing Wi-Fi/Bluetooth Combo 11 | Copyright © 2025 Broadcom. All Rights Reserved. The term “Broadcom” refers to Bro

  12. Slide 12: Cybersecurity: Scalable Protection, Detection & Response

    Cybersecurity: Scalable Protection, Detection & Response Device Enterprise Hyperscale Data Center Endpoint Security Mainframe Security Infrastructure Software Identity & Access Management Network Security Information Security Payment Security 12 | Copyright © 2025 Broadcom. All Rights Reserved. The

  13. Slide 13: Enterprise Software: Digital-First Solutions

    Enterprise Software: Digital-First Solutions Digital Transformation Enterprise AIOps and Network Continuous Delivery Observability Observability Infrastructure Software Enterprise Service API Management Automation Management Application Fiber Channel Value Stream Development Networking Management 13

  14. Slide 14: Mainframe Software: Enterprise-Class Solutions

    Mainframe Software: Enterprise-Class Solutions Application Development & Deployment System Infrastructure Software AIOps & Automation Database & Data Management Infrastructure Software Beyond Code DevX & DevOps Cybersecurity & Compliance Foundational & Open Mainframe 14 | Copyright © 2025 Broadcom.

  15. Slide 15: Private Cloud: Agile, Resilient & Cost Efficient

    Private Cloud: Agile, Resilient & Cost Efficient Edge Enterprise Hyperscale Data Center Service Provider (Cloud & Telco) Disaster & Ransomware App & Data Platform Services Recovery Infrastructure Software Application Networking & Security Private AI Cloud Infrastructure 15 | Copyright © 2025 Broadco

  16. Slide 16: Financial Snapshot

    Financial Snapshot* ($ in millions) Net Revenue (% of Net Revenue) Gross Margin (Non-GAAP) 75.6% 74.7% 76.5% $51,574 73.5% 74.5% $33,203 $35,819 $27,450 $23,888 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 ($ in millions) Adjusted EBITDA (Non-GAAP) ($ in millions) Free Cash Flow (Non-GAAP) $31,

  17. Slide 17: Growing Common Stock Dividend Since FY11

    Growing Common Stock Dividend* Since FY11 $2.360 Q4 Q3 $2.105 $0.590 Q2 $1.840 Q1 $0.530 $1.640 $0.460 $1.440 $0.590 $0.410 $1.300 $0.525 $0.360 $1.060 $0.325 $0.460 $0.410 $0.265 $0.360 $0.590 $0.700 $0.325 $0.525 $0.265 $0.460 $0.175 $0.410 $0.360 $0.408 $0.325 $0.175 $0.265 $0.102 $0.194 $0.102 $

  18. Slide 18: Corporate Leadership

    Corporate Leadership Hock E. Tan President and CEO Mark Brazeal Chief Legal and Alan Davidson Yuan Xing Lee, Ph.D. Ivy Pong Corporate Affairs Officer Chief Information Officer VP, Central Engineering VP, Global Taxation Kirsten Spears CFO and Chief Joan Stone Jill Turner Accounting Officer VP, Corpo

  19. Slide 19: Semiconductor Solutions Group Leadership

    Semiconductor Solutions Group Leadership Charlie Kawwas, Ph.D. President, Semiconductor Solutions Group Dan Dolan Ichiro Fujimori Mark Gonikberg Jeff Hoogenboom VP and GM, VP and GM, SVP and GM, VP and GM, PreAmp Components Mixed Signal ASIC Products Wireless Communications and Emulex Connectivity C

  20. Slide 20: Infrastructure Software Leadership

    Infrastructure Software Leadership Matt Cooke Clayton Donley Greg Lotko VP and GM, VP and GM, SVP and GM, Payment Security Identity Management Security Mainframe Software Serge Lucio Umesh Mahajan Dennis Makishima VP and GM, VP and GM, VP and GM, Agile Operations Application Networking and Security

  21. Slide 21: Well Positioned for the Future

    Well Positioned for the Future Technology Leadership in Extensive Portfolio of Robust Business and Semiconductor and Innovative and Financial Models Driving Infrastructure Software Differentiated Products Diversified and Sustainable Solutions Revenue 21 | Copyright © 2025 Broadcom. All Rights Reserv

  22. Slide 22: Broadcom

    4} BROADCOM connecting everything eee ee

  23. Slide 23: Appendix

    Appendix Copyright 23 | Copyright © 2025 Broadcom. © 2025 Broadcom. All RightsAll Reserved. Rights Reserved. The term The “Broadcom” term “Broadcom” refers to Broadcom refers to Broadcom Inc. and/or Inc. itsand/or consolidated its consolidated subsidiaries. subsidiaries.

  24. Slide 24: GAAP to Non-GAAP Reconciliation – Annual

    GAAP to Non-GAAP Reconciliation – Annual* (In millions) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Net Revenue $ 23,888 $ 27,450 $ 33,203 $ 35,819 $ 51,574 Non-GAAP Gross Margin $ 17,552 $ 20,443 $ 25,107 $ 26,757 $ 39,459 SBC - COGS (159) (143) (147) (210) (664) Amortization of acquisition-related int

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