Broadcom Inc. (AVGO) Q3 2025 Financial Results Summary

# Broadcom Inc. (AVGO) Q3 2025 Financial Results Summary

**Release Date:** September 4, 2025

Broadcom Inc. (Nasdaq: AVGO), a leader in semiconductor and infrastructure software solutions, reported its financial results for the third quarter of fiscal year 2025, which ended on August 3, 2025. Below is a summary of the key financial metrics and figures from the report:

### Financial Highlights

– **Revenue:**
– Total revenue stood at **$15,952 million**, marking a **22% increase** compared to $13,072 million from the same quarter last year.

– **Net Income:**
– **GAAP net income:** $4,140 million, compared to a net loss of $1,875 million in Q3 2024 (an improvement of **$6,015 million**).
– **Non-GAAP net income:** $8,404 million, up from $6,120 million year-over-year (a **$2,284 million** increase).

– **Earnings Per Share (EPS):**
– **GAAP diluted EPS:** $0.85, an increase of **$1.25** from the loss of $0.40 in the prior year.
– **Non-GAAP diluted EPS:** $1.69, up by **$0.45** from $1.24 in Q3 2024.

– **Cash Flow:**
– **Cash from operations:** $7,166 million, an increase of **$2,203 million** compared to $4,963 million in Q3 2024.
– **Free cash flow:** $7,024 million, representing **44% of revenue**, up by **47%** from $4,791 million a year ago.

– **Adjusted EBITDA:**
– Amounted to **$10,702 million**, or **67% of revenue**, reflecting a **30% increase** from $8,223 million year-over-year.

### Segment Revenue Breakdown

– **Semiconductor Solutions:**
– Revenue of **$9,166 million**, constituting **57%** of total revenue, an increase of **26%** year-over-year.

– **Infrastructure Software:**
– Revenue of **$6,786 million**, or **43%** of total revenue, which increased by **17%** compared to $5,798 million in Q3 2024.

### Dividends

– **Quarterly Dividend:**
– The company declared a cash dividend of **$0.59 per share**, payable on September 30, 2025, to stockholders of record at the close of business on September 22, 2025.

### Fourth Quarter Guidance

– For the fourth quarter of fiscal year 2025 (ending November 2, 2025):
– Revenue is expected to be approximately **$17.4 billion**, which indicates a **24% increase** compared to the previous year.
– Adjusted EBITDA is also projected to remain at **67% of revenue**.

### Summary of Operational Strength

– Broadcom noted continued strength in:
– Custom AI accelerators
– Networking
– VMware
– AI revenue grew **63% year-over-year**, reaching **$5.2 billion** in Q3, with expectations to further increase to **$6.2 billion** in Q4.

### Balance Sheet Highlights

– **Cash and Cash Equivalents:**
– At the end of the fiscal quarter, cash and cash equivalents totaled **$10,718 million**, compared to **$9,472 million** at the end of the previous quarter.

### Share Repurchase Program

– It was noted that while there was activity in share buybacks in previous quarters, none were reported for this quarter.

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Broadcom’s financial performance in Q3 2025 reflects substantial year-over-year growth across multiple segments, particularly driven by advances in AI technologies, alongside a commitment to returning value to shareholders through dividends.