Broadcom Inc.
For the period ended Nov 2, 2025. Filed Dec 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 18, 2025
AVGO$331.98+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a) The following are filed as part of this Annual Report on Form 10-K:
- Financial Statements
The following consolidated financial statements are included in Item 8 of this Annual Report on Form 10-K:
| Page | |
|---|---|
| Reports of Independent Registered Public Accounting Firm | 46 |
| Consolidated Balance Sheets | 47 |
| Consolidated Statements of Operations | 48 |
| Consolidated Statements of Comprehensive Income | 49 |
| Consolidated Statements of Cash Flows | 50 |
| Consolidated Statements of Stockholders’ Equity | 51 |
| Notes to Consolidated Financial Statements | 52 |
- Financial Statement Schedules
The financial statement schedule of the Registrant and its subsidiaries for fiscal years 2025, 2024 and 2023 required by Item 15(a) (Schedule II, Valuation and Qualifying Accounts) is included in Item 8 of this Annual Report on Form 10-K:
| Page | |
|---|---|
| Schedule II - Valuation and Qualifying Accounts | 88 |
Schedules not filed have been omitted because they are not applicable, are not required or the information required to be set forth therein is included in the financial statements or notes thereto.
- Exhibits
The documents set forth below are filed herewith or incorporated by reference to the location indicated.
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number · Description · Form · File No. · Exhibit · Filing Date · Filed Herewith | |||||
| 2.1 | Agreement and Plan of Merger, dated as of May 26, 2022, by and among Broadcom Inc., VMware, Inc., Verona Holdco, Inc., Verona Merger Sub, Inc., Barcelona Merger Sub 2, Inc. and Barcelona Merger Sub 3, LLC. | 8-K | 001-38449 | 2.1 | 05-26-2022 |
| 3.1 | Amended and Restated Certificate of Incorporation (including all amendments thereto). | 10-Q | 001-38449 | 3.1 | 09-11-2024 |
| 3.2 | Amended and Restated Bylaws. | 8-K12B | 001-38449 | 3.2 | 04-04-2018 |
| 4.1 | Form of Common Stock Certificate. | 10-Q | 001-38449 | 4.1 | 06-14-2018 |
| 4.2 | Description of Common Stock. | 10-K | 001-38449 | 3.1 | 12-20-2024 |
| 4.3 | Indenture, dated as of January 19, 2017, by and among the Broadcom Corporation and Broadcom Cayman Finance Limited (the “Co-Issuers”), the guarantors and Wilmington Trust, National Association, as trustee. | 8-K | 001-37690 | 4.1 | 01-20-2017 |
| 4.4 | First Supplemental Indenture to the January 2017 Indenture, dated as of April 9, 2018. | 8-K | 001-38449 | 4.1 | 04-09-2018 |
| 4.5 | Second Supplemental Indenture to the January 2017 Indenture, dated as of January 25, 2019. | 8-K | 001-38449 | 4.1 | 01-25-2019 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number · Description · Form · File No. · Exhibit · Filing Date · Filed Herewith | |||||
| 4.6 | Form of 3.875% Senior Notes due 2027 (included in Exhibit 4.3). | 8-K | 001-37690 | 4.1 | 01-20-2017 |
| 4.7 | Indenture, dated as of October 17, 2017, by and among the Co-Issuers, the guarantors and Wilmington Trust, National Association, as trustee. | 8-K | 001-37690 | 4.1 | 10-17-2017 |
| 4.8 | Supplemental Indenture to the October 2017 Indenture, dated as of April 9, 2018. | 8-K | 001-38449 | 4.2 | 04-09-2018 |
| 4.9 | Second Supplemental Indenture to the October 2017 Indenture, dated as of January 25, 2019. | 8-K | 001-38449 | 4.2 | 01-25-2019 |
| 4.10 | Form of 3.125% Senior Notes due 2025 (included in Exhibit 4.7). | 8-K | 001-37690 | 4.1 | 10-17-2017 |
| 4.11 | Form of 3.500% Senior Notes due 2028 (included in Exhibit 4.7). | 8-K | 001-37690 | 4.1 | 10-17-2017 |
| 4.12 | Indenture, dated as of April 5, 2019, by and among the Company as Issuer, Broadcom Technologies Inc., Broadcom Corporation and Broadcom Cayman Finance Limited, and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 04-05-2019 |
| 4.13 | Form of 4.750% Senior Notes due 2029 (included in Exhibit 4.12). | 8-K | 001-38449 | 4.1 | 04-05-2019 |
| 4.14 | Indenture, dated as of April 9, 2020, by and among the Company, as Issuer, Broadcom Technologies Inc. and Broadcom Corporation (the “2020 Guarantors”), and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 04-09-2020 |
| 4.15 | Form of 5.000% Senior Notes due 2030 (included in Exhibit 4.14). | 8-K | 001-38449 | 4.1 | 04-09-2020 |
| 4.16 | Indenture, dated as of May 8, 2020, by and among the Company as Issuer, the 2020 Guarantors, and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 05-08-2020 |
| 4.17 | Form of 3.150% Senior Notes due 2025 (included in Exhibit 4.16). | 8-K | 001-38449 | 4.1 | 05-08-2020 |
| 4.18 | Form of 4.150% Senior Notes due 2030 (included in Exhibit 4.16). | 8-K | 001-38449 | 4.1 | 05-08-2020 |
| 4.19 | Form of 4.300% Senior Notes due 2032 (included in Exhibit 4.16). | 8-K | 001-38449 | 4.1 | 05-08-2020 |
| 4.20 | Indenture, dated as of May 21, 2020, by and among the Company, the 2020 Guarantors and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 05-21-2020 |
| 4.21 | Form of 3.459% Senior Notes due 2026 (included in Exhibit 4.20). | 8-K | 001-38449 | 4.1 | 05-21-2020 |
| 4.22 | Form of 4.110% Senior Notes due 2028 (included in Exhibit 4.20). | 8-K | 001-38449 | 4.1 | 05-21-2020 |
| 4.23 | Indenture, dated as of January 19, 2021, by and among the Company, the 2020 Guarantors and Wilmington Trust, National Association, as Trustee. | 8-K | 001-38449 | 4.1 | 01-19-2021 |
| 4.24 | Form of 1.950% Senior Notes due 2028 (included in Exhibit 4.23). | 8-K | 001-38449 | 4.1 | 01-19-2021 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number · Description · Form · File No. · Exhibit · Filing Date · Filed Herewith | |||||
| 4.25 | Form of 2.450% Senior Notes due 2031 (included in Exhibit 4.23). | 8-K | 001-38449 | 4.1 | 01-19-2021 |
| 4.26 | Form of 2.600% Senior Notes due 2033 (included in Exhibit 4.23). | 8-K | 001-38449 | 4.1 | 01-19-2021 |
| 4.27 | Form of 3.500% Senior Notes due 2041 (included in Exhibit 4.23). | 8-K | 001-38449 | 4.1 | 01-19-2021 |
| 4.28 | Form of 3.750% Senior Notes due 2051 (included in Exhibit 4.23). | 8-K | 001-38449 | 4.1 | 01-19-2021 |
| 4.29 | Indenture, dated as of March 31, 2021, by and between the Company and Wilmington Trust, National Association, as Trustee. | 8-K | 001-38449 | 4.1 | 03-31-2021 |
| 4.30 | Form of 3.419% Senior Notes due 2033 (included in Exhibit 4.29). | 8-K | 001-38449 | 4.1 | 03-31-2021 |
| 4.31 | Form of 3.469% Senior Notes due 2034 (included in Exhibit 4.29). | 8-K | 001-38449 | 4.1 | 03-31-2021 |
| 4.32 | Indenture, dated as of September 30, 2021, by and between the Company and Wilmington Trust, National Association, as Trustee. | 8-K | 001-38449 | 4.1 | 09-30-2021 |
| 4.33 | Form of 3.137% Senior Notes due 2035 (included in Exhibit 4.32). | 8-K | 001-38449 | 4.1 | 09-30-2021 |
| 4.34 | Form of 3.187% Senior Notes due 2036 (included in Exhibit 4.32). | 8-K | 001-38449 | 4.1 | 09-30-2021 |
| 4.35 | Registration Rights Agreement, dated as of September 30, 2021, by and among the Company and BNP Paribas Securities Corp., J.P. Morgan Securities LLC and TD Securities (USA) LLC, as dealer-mangers in connection with the September 2021 exchange offer. | 8-K | 001-38449 | 4.4 | 09-30-2021 |
| 4.36 | Indenture, dated April 14, 2022, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 04-15-2022 |
| 4.37 | Form of 4.00% Senior Notes due 2029 (included in Exhibit 4.36). | 8-K | 001-38449 | 4.1 | 04-15-2022 |
| 4.38 | Form of 4.15% Senior Notes due 2032 (included in Exhibit 4.36). | 8-K | 001-38449 | 4.1 | 04-15-2022 |
| 4.39 | Registration Rights Agreement, dated as of April 14, 2022, between the Company and BofA Securities, Inc., HSBC Securities (USA) Inc., and RBC Capital Markets, LLC, as representatives of the several initial purchasers of the April 2022 Senior Notes. | 8-K | 001-38449 | 4.4 | 04-15-2022 |
| 4.40 | Indenture, dated April 18, 2022, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 04-18-2022 |
| 4.41 | Form of 4.926% Senior Notes due 2037 (included in Exhibit 4.40). | 8-K | 001-38449 | 4.1 | 04-18-2022 |
| 4.42 | Registration Rights Agreement, dated April 18, 2022, between the Company and Barclays Capital Inc., BBVA Securities Inc., BNP Paribas Securities Corp. and J.P. Morgan Securities LLC, as dealer-managers in connection with the April 2022 Exchange Offer. | 8-K | 001-38449 | 4.3 | 04-18-2022 |
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit Number · Description · Form · File No. · Exhibit · Filing Date · Filed Herewith | |||||
| 4.43 | Indenture, dated July 12, 2024, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.1 | 07-12-2024 |
| 4.44 | Supplemental Indenture No. 1, dated July 12, 2024, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.2 | 07-12-2024 |
| 4.45 | Form of 5.050% Senior Notes due 2027 (included in Exhibit 4.44). | 8-K | 001-38449 | 4.2 | 07-12-2024 |
| 4.46 | Form of 5.050% Senior Notes due 2029 (included in Exhibit 4.44). | 8-K | 001-38449 | 4.2 | 07-12-2024 |
| 4.47 | Form of 5.150% Senior Notes due 2031 (included in Exhibit 4.44). | 8-K | 001-38449 | 4.2 | 07-12-2024 |
| 4.48 | Supplemental Indenture No. 2, dated October 2, 2024, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.2 | 10-02-2024 |
| 4.49 | Form of 4.150% Senior Notes due 2028 (included in Exhibit 4.48). | 8-K | 001-38449 | 4.2 | 10-02-2024 |
| 4.50 | Form of 4.350% Senior Notes due 2030 (included in Exhibit 4.48). | 8-K | 001-38449 | 4.2 | 10-02-2024 |
| 4.51 | Form of 4.550% Senior Notes due 2032 (included in Exhibit 4.48). | 8-K | 001-38449 | 4.2 | 10-02-2024 |
| 4.52 | Form of 4.800% Senior Notes due 2034 (included in Exhibit 4.48). | 8-K | 001-38449 | 4.2 | 10-02-2024 |
| 4.53 | Supplemental Indenture No. 3, dated January 10, 2025, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.2 | 01-10-2025 |
| 4.54 | Form of 4.800% Senior Notes due 2028 (included in Exhibit 4.53). | 8-K | 001-38449 | 4.2 | 01-10-2025 |
| 4.55 | Form of 5.050% Senior Notes due 2030 (included in Exhibit 4.53). | 8-K | 001-38449 | 4.2 | 01-10-2025 |
| 4.56 | Form of 5.200% Senior Notes due 2032 (included in Exhibit 4.53). | 8-K | 001-38449 | 4.2 | 01-10-2025 |
| 4.57 | Supplemental Indenture No. 4, dated July 11, 2025, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.2 | 07-11-2025 |
| 4.58 | Form of 4.600% Senior Notes due 2030 (included in Exhibit 4.57). | 8-K | 001-38449 | 4.2 | 07-11-2025 |
| 4.59 | Form of 4.900% Senior Notes due 2032 (included in Exhibit 4.57). | 8-K | 001-38449 | 4.2 | 07-11-2025 |
| 4.60 | Form of 5.200% Senior Notes due 2035 (included in Exhibit 4.57). | 8-K | 001-38449 | 4.2 | 07-11-2025 |
| 4.61 | Supplemental Indenture No. 5, dated September 29, 2025, between the Company and Wilmington Trust, National Association, as trustee. | 8-K | 001-38449 | 4.2 | 09-29-2025 |
| 4.62 | Form of 4.200% Senior Notes due 2030 (included in Exhibit 4.61). | 8-K | 001-38449 | 4.2 | 09-29-2025 |
| 4.63 | Form of 4.800% Senior Notes due 2036 (included in Exhibit 4.61). | 8-K | 001-38449 | 4.2 | 09-29-2025 |
| 4.64 | Form of 4.900% Senior Notes due 2038 (included in Exhibit 4.61). | 8-K | 001-38449 | 4.2 | 09-29-2025 |
| 10.1 | Form of Indemnification and Advancement Agreement (effective 2018). | 8-K12B | 001-38449 | 10.1 | 04-04-2018 |
| Incorporated by Reference | ||||||
|---|---|---|---|---|---|---|
| Exhibit Number | Description | Form | File No. | Exhibit | Filing Date | Filed Herewith |
| 10.2 | Lease Agreement dated August 10, 2017 between Five Point Office Venture I, LLC and Broadcom Corporation. | 10-K | 001-37690 | 10.29 | 12-21-2017 | |
| 10.3 | First Amendment to Lease Agreement by and between Five Point Office Venture 1, LLC and Broadcom Corporation. | 10-K | 001-38449 | 10.18 | 12-18-2020 | |
| 10.4 | + | Avago Technologies Limited 2009 Equity Incentive Award Plan. | S-1/A | 333-153127 | 10.18 | 07-27-2009 |
| 10.5 | + | Broadcom Inc. Employee Stock Purchase Plan (as amended and restated on April 1, 2019). | Schedule 14A | 001-38449 | Appendix B-1 | 02-19-2019 |
| 10.6 | + | LSI Corporation 2003 Equity Incentive Plan, as amended. | S-8 | 333-195741 | 4.1 | 05-06-2014 |
| 10.7 | + | Amendment to the LSI Corporation 2003 Equity Incentive Plan (effective 2016). | 10-K | 001-37690 | 10.45 | 12-23-2016 |
| 10.8 | + | Amendment to the LSI Corporation 2003 Equity Incentive Plan (effective 2018). | 8-K12B | 001-38449 | 10.10 | 04-04-2018 |
| 10.9 | + | Broadcom Inc. 2012 Stock Incentive Plan (as amended and restated on April 5, 2021). | 10-Q | 001-38449 | 10.1 | 06-11-2021 |
| 10.10 | + | VMware, Inc. Amended and Restated 2007 Equity and Incentive Plan. | S-8 | 333-275702 | 99.1 | 11-22-2023 |
| 10.11 | + | Form of Annual Bonus Plan for Executive Employees. | 10-K | 001-37690 | 10.53 | 12-23-2016 |
| 10.12 | + | Form of Agreement for Multi-Year Equity Award of Restricted Stock Unit Award under the Avago Technologies Limited 2009 Equity Incentive Award Plan (effective 2017). | 8-K | 001-38449 | 10.1 | 12-06-2018 |
| 10.13 | + | Form of Agreement for Multi-Year Equity Award of Performance Stock Units under the Avago Technologies Limited 2009 Equity Incentive Award Plan (effective 2018). | 8-K | 001-38449 | 10.2 | 12-06-2018 |
| 10.14 | + | Form of Restricted Stock Unit Award Agreement under LSI Corporation 2003 Equity Incentive Plan, as amended (effective 2020). | 10-K | 001-38449 | 10.51 | 12-18-2020 |
| 10.15 | + | Form of Performance Stock Unit Award Agreement (Relative TSR) under LSI Corporation 2003 Equity Incentive Plan, as amended (effective 2020). | 10-K | 001-38449 | 10.52 | 12-18-2020 |
| 10.16 | + | Form of Restricted Stock Unit Award Agreement under Broadcom Inc. 2012 Stock Incentive Plan (effective 2021). | 10-Q | 001-38449 | 10.3 | 06-11-2021 |
| 10.17 | + | Form of Performance Stock Unit Award Agreement under the Broadcom Inc. 2012 Stock Incentive Plan (effective 2021). | 10-Q | 001-38449 | 10.4 | 06-11-2021 |
| 10.18 | + | Form of Performance Stock Unit Award Agreement (Price Contingency) under Broadcom Inc. 2012 Stock Incentive Plan. | 8-K | 001-38449 | 10.1 | 11-02-2022 |
| 10.19 | + | Form of Performance Stock Unit Award Agreement (Operating Metric) under Broadcom Inc. 2012 Stock Incentive Plan. | 8-K | 001-38449 | 10.1 | 09-09-2025 |
| 10.20 | + | Broadcom Inc. 2023 Inducement Plan. | S-8 | 333-276053 | 99.1 | 12-14-2023 |
| 10.21 | + | Form of Restricted Stock Unit Award Agreement under Broadcom Inc. 2023 Inducement Plan. | S-8 | 333-276053 | 99.2 | 12-14-2023 |
| Incorporated by Reference | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Exhibit Number · Description · Form · File No. · Exhibit · Filing Date · Filed Herewith | |||||||||
| 10.22 | + | Form of Performance Stock Unit Award Agreement under Broadcom Inc. 2023 Inducement Plan. | S-8 | 333-276053 | 99.3 | 12-14-2023 | |||
| 10.23 | + | Policy on Acceleration of Executive Staff Equity Awards in the Event of Permanent Disability (as amended June 2, 2021). | 8-K | 001-38449 | 10.1 | 06-03-2021 | |||
| 10.24 | + | Policy on Acceleration of Equity Awards in the Event of Death (as amended January 1, 2023). | 10-Q | 001-38449 | 10.2 | 09-06-2023 | |||
| 10.25 | + | Amended and Restated Severance Benefits Agreement, dated December 10, 2020, between Broadcom Inc. and Hock E. Tan. | 8-K | 001-38449 | 10.1 | 12-10-2020 | |||
| 10.26 | + | Amended and Restated Severance Benefits Agreement, dated December 10, 2020, between Broadcom Inc. and Charlie B. Kawwas. | 8-K | 001-38449 | 10.2 | 12-10-2020 | |||
| 10.27 | + | Severance Benefits Agreement, dated September 26, 2017, between Broadcom Limited and Mark Brazeal. | 10-Q | 001-38449 | 10.18 | 06-16-2018 | |||
| 10.28 | + | Severance Benefits Agreement, dated December 10, 2020, between Broadcom Inc. and Kirsten M. Spears. | 8-K | 001-38449 | 10.5 | 12-10-2020 | |||
| 19.1 | Broadcom Inc. Insider Trading Compliance Policy | X | |||||||
| 21.1 | List of Subsidiaries. | X | |||||||
| 23.1 | Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm. | X | |||||||
| 31.1 | Certification of Principal Executive Officer of Broadcom Inc. Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | X | |||||||
| 31.2 | Certification of Principal Financial Officer of Broadcom Inc. Pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | X | |||||||
| 32.1 | Certification of Principal Executive Officer of Broadcom Inc. Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | X | |||||||
| 32.2 | Certification of Principal Financial Officer of Broadcom Inc. Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | X | |||||||
| 97.1 | Clawback Policy. | 10-K | 001-38449 | 97.1 | 12-14-2023 | ||||
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | X | |||||||
| 101.SCH | Inline XBRL Schema Document. | X | |||||||
| 101.CAL | Inline XBRL Calculation Linkbase Document. | X | |||||||
| 101.DEF | Inline XBRL Definition Linkbase Document. | X | |||||||
| 101.LAB | Inline XBRL Labels Linkbase Document. | X | |||||||
| Incorporated by Reference | ||||||
| Exhibit Number | Description | Form | File No. | Exhibit | Filing Date | Filed Herewith |
| 101.PRE | Inline XBRL Presentation Linkbase Document. | X | ||||
| 104 | Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | X | ||||
Notes:
| + | Indicates a management contract or compensatory plan or arrangement. |
|---|---|
| * | Certain information omitted pursuant to a request for confidential treatment filed with the SEC. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.