Aslan Research · Chips
Broadcom Inc. (AVGO)
Data as of 2026-09-03 · 28 quarters · filed in USD
Backlog reaches $164.6 billion, or 2.2x one year of revenue, while revenue grew 21% per year. Expenses grew 22% per year, slightly faster than revenue, and total commitments grew 27% per year.
Earned, collected early, and merely signed
Reports $65B of debt; has promised $193B
Total committed money is 3.0x reported debt. Purchases account for $128.1 billion of commitments beyond the $64.9 billion reported debt balance.
What the promised total is made of, latest quarter
Spending, by reported line
When the promises come due
$148.0 billion is due within the next 5 years, while backlog is 2.2x one year of revenue. That places a large near-term commitment wall against a substantial pool of promised revenue.
The rates that matter
Expenses as filed vs after cited reconciliation
22 patterns worth a second look
The filing reports a backstop tied to another party’s lease obligations, with maximum exposure of $29 billion. The performance-obligation disclosure also broadens from firmly committed contracts to contracts without termination rights. A $157 million term-loan repayment write-off was recorded as a current-period expense tied to debt repayments. Reconciliation changed 4 of 28 quarters.
off balance sheet · 1
The Q2 FY2026 filing reports a backstop of another party's lease obligations with maximum exposure of $29 billion.
one time dressing · 1
The FY2024 filing presents a $157 million term-loan repayment write-off as a current-period expense associated with debt repayments.
redefinition · 1
The revenue-performance-obligation disclosure changes from firmly committed amounts to a broader set that includes contracts without termination rights.
regulator challenge · 14
A reply to SEC staff was filed on 2020-06-30, answering a staff comment letter dated 2020-06-30; it quotes 0 staff comments.
A reply to SEC staff was filed on 2020-06-30, answering a staff comment letter dated 2020-06-30; it quotes 0 staff comments.
A reply to SEC staff was filed on 2022-07-11, answering a staff comment letter dated 2022-06-24; it quotes 2 staff comments.
+ 11 more
related party exposure · 1
The filings report substantial planned share sales and gifts involving entities identified as related parties and affiliated foundations.
subsequent event · 2
The FY2023 filing reports the VMware merger closing after period-end with large consideration and new debt obligations.
The Q2 FY2026 filing reports a subsequent backstop agreement with maximum exposure of $29 billion for a customer's lease obligations.
tagging quality · 1
14 XBRL facts were reported at inconsistent scales across filings (e.g. us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding).
value revision · 1
The reported current and noncurrent long-term debt amounts for October 31, 2021 are revised in the subsequent filing; the change is substantive.