Broadcom Inc. Q4 FY2025 Earnings Call

· Earnings call transcript and AI-powered summary

Broadcom Q4 and Fiscal Year 2025 Earnings Summary

Full-Year 2025 Highlights

  • Record revenue of $63.9 billion, up 24% year over year.
  • Semiconductor revenue reached $36.9 billion, up 22% year over year driven by strong AI demand.
  • Infrastructure software revenue was $27 billion, up 26% year over year, fueled by VMware Cloud Foundation (VCF) adoption.
  • AI revenue totaled $20 billion, growing 65% year over year.
  • Adjusted EBITDA was $43 billion, or 67% of revenue.
  • Free cash flow increased 39% year over year to $26.9 billion.
  • Returned $17.5 billion to shareholders via dividends and buybacks.
  • Quarterly dividend raised 10% to $0.65 per share for fiscal 2026, marking 15th consecutive annual increase.

Q4 2025 Performance

  • Revenue: $18 billion, up 28% year over year and a new record.
  • Adjusted EBITDA: $12.12 billion, up 34% year over year.
  • Gross margin: 77.9%, supported by higher software mix.
  • Operating income: $11.9 billion, up 35% year over year.
  • Free cash flow: $7.5 billion (41% of revenue).

Semiconductor Solutions (Q4)

  • Revenue: $11.1 billion, up 35% year over year.
  • AI semiconductor revenue: $6.5 billion, up 74% year over year.
  • AI revenue grew more than 10x over the past 11 quarters.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Ji Yoo: Welcome to Broadcom Inc.'s Fourth Quarter and Fiscal Year 2025 Financial Results Conference Call. At this time, for opening remarks and introductions, I would like to turn the call over to Ji Yoo, Head of Investor Relations of Broadcom Inc. Thank you, Sherry, and good afternoon, everyone. Joining me on today's call are Hock Tan, President and CEO, Kirsten Spears, Chief Financial Officer, and Charlie Coaz, President, Semiconductor Solutions Group. Broadcom distributed a press release and financial tables after the market closed describing our financial performance for the fourth quarter and fiscal year 2025. If you did not receive a copy, you may obtain the information from the investor section of Broadcom's website at broadcom.com. This conference call is being webcast live, and an audio replay of the call can be accessed for one year through the Investors section of Broadcom's website. During the prepared remarks, Hock and Kirsten will be providing details of our fourth quarter and fiscal year 2025 results, guidance for 2026, as well as commentary regarding the business environment. We will take questions after the end of our prepared comments. Please refer to our press release today and our recent filings with the SEC for information on the specific risk factors that could cause our actual results to differ materially from the forward-looking statements made on this call. In addition to U.S. GAAP reporting, Broadcom reports certain financial measures on a non-GAAP b

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional