Broadcom — Dec 11, 2025 release

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 - diluted $ 1.74  $ 0.90  +93 % $ 1.95  $ 1.42  +37 % (Dollars in millions) Q4 25 Q4 24 Change Cash flow from operations $ 7,703  $ 5,604  +37 % Adjusted EBITDA $ 12,218  $ 9,089  +34 % Free cash flow $ 7,466  $ 5,482  +36 % Net revenue by segment (Dollars in millions) Q4 25 Q4 24 Change Semiconductor solutions $ 11,072  61 % $ 8,230  59 % +35 % Infrastructure software 6,943  39 5,824  41 +19 % Total net revenue $ 18,015  100 % $ 14,054  100 % The Company’s cash and cash equivalents at the end of the fiscal quarter were $16,178 million, compared to $1