Broadcom Inc.

“We are a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions.”

“We are a global technology leader that designs, develops and supplies a broad range of semiconductor and semiconductor-based solutions and infrastructure software solutions.”

“Our AI semiconductor solutions include custom accelerators or XPUs, Ethernet switching and routing silicon, Ethernet NICs, physical layer devices (“PHYs”) and optical components, as well as racks and systems based on our XPUs.”

“We have two reportable segments: semiconductor solutions and infrastructure software.”

“Many of the largest companies in the world, including most of the Fortune 500, and many government agencies rely on our infrastructure and security software solutions”

“We sell our products through our direct sales force and a select network of distributors and channel partners globally.”

“Sales to distributors accounted for 48% of our net revenue in fiscal year 2025”

“Distributors and original equipment manufacturers (“OEMs”), or their contract manufacturers, typically account for the substantial majority of our semiconductor sales.”

“We offer our semiconductor and semiconductor-based solutions in five major end markets: Networking Connectivity, Wireless Device Connectivity, Servers and Storage Systems, Broadband and Industrial.”

“Our solutions manage the movement of data in data center, service provider and enterprise networking applications.”

“Our RF devices include multi-chip front-end modules... all using our proprietary commercial film bulk acoustic resonator (“FBAR”) filter technology.”

“Our solutions enable secure movement of digital data to and from host machines... to the underlying storage devices, such as hard disk drives (“HDD”) and solid-state drives (“SSD”).”

“Net revenue from the United States for fiscal years 2025, 2024 and 2023 was $16,506 million, $12,887 million and $6,975 million, respectively.”

“Although we operate a primarily outsourced manufacturing business model, we also rely on our own manufacturing facilities, in particular in Fort Collins, Colorado, Singapore, and Breinigsville, Pennsylvania.”

“Our Fort Collins and Breinigsville facilities are the sole sources for the FBAR filters used in many of our wireless devices and for the InP-based wafers used in our fibre optics products, respectively.”

“Although we outsource a significant portion of our manufacturing activities, we do have some proprietary semiconductor fabrication facilities.”

“The VMware stockholders received approximately $30,788 million in cash and 544 million shares of Broadcom common stock with a fair value of $53,398 million.”

“On April 23, 2024, we acquired certain assets related to the design, development, and manufacture of System-on-Chip operations of Seagate Technology Holdings plc for $600 million.”

“the shift to cloud-based information technology solutions and services, such as hyperscale computing, which may adversely affect the timing and volume of sales of our solutions for use in traditional enterprise data centers”

“On July 1, 2024, we sold VMware’s end-user computing (“EUC”) business to KKR & Co. Inc. for cash consideration of $3.5 billion, after working capital adjustments.”

“We seek to achieve this through extensive internal research and development, as well as strategic acquisitions of businesses and technologies, to ensure our products retain their technology market leadership.”

“As of November 2, 2025, the aggregate indebtedness was $67,120 million.”

“We believe our enterprise-wide license model will continue to offer our customers reduced complexity, more flexibility and an easier renewal process that will help drive revenue growth.”

“On December 9, 2025, our Board of Directors declared a quarterly cash dividend of $0.65 per share on our common stock”

“We operate in a highly cyclical semiconductor industry that is undergoing profound change due to AI.”

“The U.S. government continues to add companies to its restricted entity list and/or technologies to its list of prohibited exports to specific countries and impose other restrictions or requirements, which have had and may in the future have an adverse effect on our revenue, supply chain and our ability to manufacture or sell our products.”

“anticipated or actual demand for products used in AI-related solutions, including ASICs such as custom AI accelerators or XPUs;”

“geopolitical turmoil (including China-Taiwan relations), including terrorism, war or political or military coups”

“we sell our semiconductor products through an increasingly limited number of distributors, which exposes us to additional customer concentration and related credit risks.”

“Many of our facilities, and those of our CMs and suppliers, are concentrated in the same geographic regions of California and the Pacific Rim, which have above average seismic, wildfire, and severe weather activity”

“Dependence on a limited number of contract manufacturers and suppliers of critical materials and components within our supply chain, and potential failure to adjust such manufacturing and supply chain to meet customer demand, may adversely affect our ability to bring products to market and our results of operations.”

“The growth of our software business depends on demand for our data center virtualization portfolio, as well as customer acceptance of our software, services and business strategy.”

“we expect these products to be ongoing targets of cyber-attacks”

“further tariffs and escalations of trade tensions between the U.S. and its trading partners, especially China, increased geopolitical volatility, and the decoupling of the global economies could result in a global economic slowdown and long-term changes to global trade.”

“Our substantial indebtedness could adversely affect our financial health and our ability to execute our business strategy.”