Broadcom — Dec 11, 2025 release

“In Q4, record revenue of $18.0 billion grew 28% year-over-year, driven primarily by AI semiconductor revenue increasing 74% year-over-year,” said Hock Tan, President and CEO of Broadcom Inc. “We see the momentum continuing in Q1 and expect AI semiconductor revenue to double year-over-year to $8.2 billion, driven by custom AI accelerators and Ethernet AI switches. We forecast Q1’26 total revenue of $19.1 billion and adjusted EBITDA of 67%.” “In fiscal year 2025 adjusted EBITDA increased 35% year-over-year to a record $43.0 billion, and free cash flow was strong at $26.9 billion,” said Kirsten Spears, CFO of Broadcom Inc. “Based on increased cash flows in fiscal year 2025, we are increasing our quarterly common stock dividend by 10% to $0.65 per share for fiscal year 2026. The target fiscal year 2026 annual common stock dividend of $2.60 per share is a record, and the fifteenth consecutive increase in annual dividends since we initiated dividends in fiscal 2011.” ________________________________ (1) The Company is not readily able to provide a reconciliation of the projected non-GAAP financial information presented to the relevant projected GAAP measure without unreasonable effort. 1 Fourth Quarter Fiscal Year 2025 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q4 25 Q4 24 Change Q4 25 Q4 24 Change Net revenue $ 18,015  $ 14,054  +28 % $ 18,015  $ 14,054  +28 % Net income $ 8,518  $ 4,324  +97 % $ 9,714  $ 6,965  +39 % Earnings per common share - dil