Aslan Research · Chips
Broadcom Inc. (AVGO)
Data as of 2026-08-21 · 28 quarters · filed in USD
Backlog stands at $164.6 billion, or 2.2x one year of revenue, while revenue grew 23% per year against 22% annual expense growth. That gives the order book meaningful scale relative to the current business, although the growth rates are close.
Earned, collected early, and merely signed
Reports $65B of debt; has promised $65B
Total committed money matches reported debt at 1.0x. The filing data therefore shows no additional committed amount from leases or purchases beyond the $64.9 billion of debt.
What the promised total is made of, latest quarter
Spending, by reported line
When the promises come due
Most of the backlog is scheduled within the next five years, with $149.6 billion of revenue commitments due in that period. The backlog extends beyond that window through $877 million of commitments after year five.
The rates that matter
Expenses as filed vs after cited reconciliation
10 patterns worth a second look
The sharpest flag is a backstop tied to a customer's lease obligations, with maximum exposure of $29 billion. Other filing changes include a shift in the revenue-commitment definition and 6 of 28 quarters changed by reconciliation.
off balance sheet · 1
The Q2 FY2026 filing reports a backstop for a customer's lease obligations with maximum exposure of $29 billion.
one time dressing · 1
The FY2020 quarterly filing reports a $116 million one-time gain in other income; later filings do not describe it as recurring operating performance.
redefinition · 1
The revenue commitment metric changes from firmly committed remaining performance obligations to remaining performance obligations without the prior qualifier.
related party exposure · 1
The FY2025 and Q1 FY2026 filings report substantial stock-gifting and selling arrangements involving related parties and affiliated foundations.
subsequent event · 2
The FY2023 filing reports the VMware acquisition shortly after period end, including approximately $86.3 billion of preliminary purchase consideration.
The FY2024 filing reports an estimated $4.9 billion discrete tax expense after an intra-group transfer of IP rights to the United States.
tagging quality · 1
7 XBRL facts were reported at inconsistent scales across filings (e.g. us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding).
value revision · 2
The current debt amount was revised from $290 million to $264 million; the catalog does not provide enough context to classify the revision as substantive.
The noncurrent debt amount was revised from $39.440 billion to $41.235 billion; the catalog does not provide enough context to classify the revision as substantive.
vanishing item · 1
The FY2023 filing reports $642 million of future payments under additional leases commencing in FY2024; later cited filings do not repeat this specific commitment.