Broadcom Inc. (AVGO) Stock Price & How to Invest

Last updated October 2026

Short answer

You can invest in Broadcom (AVGO) by buying shares or fractional shares at any major broker, through an ETF that holds it (SMH, SOXX, QQQ), or as one holding in a thematic basket. Broadcom is a high-quality compounder that pairs dominant networking and custom-AI silicon (XPUs for Google's TPU and Meta's MTIA, plus Ethernet switch chips) with a high-margin enterprise software arm from the VMware acquisition. Growth has accelerated sharply: revenue over the last twelve months reached about $89 billion, and the latest quarter's sales rose about 85% year over year. The stock has lagged that growth in 2026, closing near $335 on October 16, 2026, down about 3.5% year to date during a broad semiconductor sell-off. The combination of AI-driven semiconductor growth and steady dividend growth is unusual in the chip industry.

AVGO stock price

As of 2026-10-22, Broadcom Inc. (AVGO) last closed at $323.24, down 8.7% over the past year. Over the past 52 weeks it has traded between $293.41 and $481.57.

AVGO last close
$323.24
1 day
-4.31%
1 month
-11.33%
1 year
-8.72%
52-week range
$293.41 to $481.57
Last close
2026-10-22

Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Broadcom Inc.'s investor relations page. Walnut is informational, not investment advice.

What does Broadcom Inc. (AVGO) do?

Broadcom is one of the largest semiconductor companies in the world, plus a major enterprise software business after acquiring VMware in 2023. The semiconductor business has two main pieces. Networking and wireless silicon (Ethernet switches, optical components, custom ASICs for hyperscalers) is critical to AI data centers. Custom silicon (XPUs) for hyperscaler AI accelerators is a major growth driver: Broadcom designs custom AI chips for customers like Google (TPU), Meta (MTIA), and others.

The software business is built around VMware's hybrid-cloud and virtualization stack, plus security and mainframe software from earlier acquisitions (Symantec, CA Technologies). Broadcom is led by Hock Tan, who has built the company through a series of major acquisitions over 15 years. Headquartered in Palo Alto, California. The corporate history traces back to Avago Technologies, which acquired the original Broadcom Corporation in 2016 and adopted its name.

The AI build-out has transformed the numbers. Fiscal 2025 (ended November 2, 2025) revenue was about $63.9 billion with net income of about $23.1 billion, and over the last twelve months revenue reached about $89.1 billion with net income near $38.3 billion, an operating margin around 54%, and free cash flow of about $30.6 billion. In the fiscal third quarter of 2026 (ended August 2), revenue was about $29.6 billion, up roughly 85% from a year earlier, and adjusted EPS of $3.32 beat the roughly $3.24 consensus, the fourth straight quarterly beat. The share price has not followed: AVGO closed near $335.47 on October 16, 2026, down about 3.5% in 2026 and about 5% over the past year, well below its 52-week high of $495, as chip stocks sold off on doubts about AI returns and higher bond yields. In mid-October Hock Tan told a conference in Singapore that capital, more than chips, memory, or power, may become the biggest constraint on AI expansion, while also saying compute demand could exceed supply through 2029. The next report, for fiscal Q4, is scheduled for December 9, 2026, with consensus around $34.9 billion of revenue and $3.83 of EPS.

What's driving Broadcom Inc. (AVGO)?

1. Custom AI accelerators (XPUs) for hyperscalers.

Broadcom is the leading designer of custom AI chips for hyperscaler customers. Google TPU, Meta MTIA, and reported OpenAI silicon are all Broadcom-designed. This business drove much of the roughly 85% year-over-year revenue growth in the fiscal third quarter of 2026 as hyperscalers seek alternatives to buying NVIDIA GPUs at retail prices. Analysts expect fiscal 2027 revenue near $174 billion, up from about $106 billion expected for fiscal 2026, which shows how much of the outlook rests on custom silicon ramps continuing.

2. AI networking silicon.

AI data center networking (high-speed Ethernet switches, optical interconnects, programmable network processors) is one of the fastest-growing semiconductor segments. Broadcom dominates Ethernet switch silicon (used in Arista, Cisco, Juniper systems).

3. VMware integration and software margins.

The VMware acquisition (~$70 billion) has been integrated aggressively, with significant cost reductions and price increases on VMware products. Software contributes a meaningful portion of operating income with high margins, and helps keep the company-wide operating margin around 54%. The debt taken on for the deal is still sizable at about $59 billion, against roughly $24 billion of cash.

4. Dividend growth.

Broadcom has a long history of consistent dividend growth and has emerged as one of the larger payers among mega-cap tech, now paying about $2.60 per share a year. Because the share price rose faster than the payout over the past few years, the yield is under 1% (about 0.76% in October 2026), with a payout ratio near 32% of earnings. Capital return is a meaningful part of the total return story.

What are the risks to Broadcom Inc. (AVGO)?

Customer concentration in custom AI silicon (top customers are Google, Meta, and reportedly OpenAI): a pause or redesign at one hyperscaler would show up quickly in revenue. Hyperscaler AI spending depends on financing, and in October 2026 Hock Tan himself said capital may be the biggest constraint on AI expansion; higher bond yields and doubts about AI returns drove a semiconductor sell-off that left AVGO about 32% below its 52-week high. Forward estimates assume fiscal 2027 revenue growth of roughly 66%, so any shortfall against those expectations could hit the stock. VMware integration creates customer pushback and potential churn in the enterprise software business, and the company carries about $59 billion of debt.

What is the Broadcom Inc. (AVGO) forecast?

47 analysts publish price targets on AVGO, averaging $527.59 against a $328.75 price as of October 2026, or +60.5%. The published targets run from $215.88 to $660.00, a wide spread, and the ratings split 47 buy, 3 hold, 0 sell. Over the last six months there have been 3 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full AVGO forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

Is AVGO a buy or a sell?

We give no verdict on Broadcom Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Custom AI accelerators (XPUs) for hyperscalers. Broadcom is the leading designer of custom AI chips for hyperscaler customers. The most optimistic published target, $660.00, assumes this works close to its best case.

The case against. Customer concentration in custom AI silicon (top customers are Google, Meta, and reportedly OpenAI): a pause or redesign at one hyperscaler would show up quickly in revenue. The most pessimistic target, $215.88, is roughly what AVGO is worth if this bites instead.

Read the full bull and bear case on AVGO, including what would have to change to break either one. Walnut is not an investment adviser.

Has Broadcom Inc. (AVGO) split its stock?

Yes. Broadcom Inc. (AVGO) has had one share split in the last 10 years:

  • 10:1 on July 15, 2024, so every share held became 10 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of AVGO the day before the 10:1 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

How is Broadcom Inc. (AVGO) valued? (approximate, October 2026)

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Broadcom Inc.'s investor relations page or your broker.

  • Revenue (TTM): ~$89.1 billion (combined semis and software); latest quarter up ~85% YoY
  • Operating margin: ~54% (gross margin ~76%)
  • Net income (TTM): ~$38.3 billion
  • EPS: ~$7.59 GAAP (TTM); latest quarter adjusted $3.32 vs ~$3.24 consensus
  • P/E: ~44x trailing, ~17x forward
  • Price to sales: ~18x
  • Dividend yield: ~0.76% ($2.60 annualized), payout ratio ~32%
  • Free cash flow: ~$30.6 billion (TTM)
  • Market cap: ~$1.6 trillion at ~$335 per share

Broadcom's valuation reflects dominant networking semiconductor positions, fast-growing custom AI silicon revenue, and high-margin enterprise software from VMware. At about 44x trailing GAAP earnings but only about 17x forward estimates, the multiple assumes the steep growth analysts project (consensus EPS of about $19.40 for fiscal 2027) actually arrives. Analysts rate the stock a strong buy with an average target near $528, well above the mid-October price of about $335.

Which ETFs hold Broadcom Inc. (AVGO)?

If you want AVGO exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

ETFName% in AVGOExpense ratio
IGMiShares Expanded Tech Sector ETF6.9%0.39%
ACWIiShares MSCI ACWI ETF1.5%0.32%
SPLGState Street SPDR Portfolio S&P 500 ETF2.45%0.02%
SPXLDirexion Daily S&P 500 Bull 3X Shares~2%~0.90%
VOOGVanguard S&P 500 Growth ETF4.87%0.07%
SPYGState Street SPDR Portfolio S&P 500 Growth ETF4.5%0.04%
BULZMicroSectors Solactive FANG Innovation 3X Leveraged ETNs6.55%0.95%
SCHXSchwab U.S. Large-Cap ETF2.41%0.03%
VOOVanguard S&P 500 ETF~3.3%0.03%
SPYState Street SPDR S&P 500 ETF Trust2.53%0.0945%
QQQInvesco QQQ Trust~4.5%0.20%
VTIVanguard Morningstar Total Stock Market ETF2.37%0.03%
VTVanguard Total World Stock ETF1.44%0.07%
VIGVanguard Dividend Appreciation ETF4.35%0.05%
DGROiShares Core Dividend Growth ETF2.78%0.08%
ITOTiShares Core S&P Total US Stock Market ETF2.25%0.03%
SMHVanEck Semiconductor ETF~7.6%0.35%
SOXXiShares Semiconductor ETF6.77%0.33%
VGTVanguard Information Technology ETF4.52%0.09%
XLKTechnology Select Sector SPDR Fund~4.3%0.09%
VYMVanguard High Dividend Yield ETF6.93%0.06%
IVViShares Core S&P 500 ETF2.53%0.03%
VUGVanguard Morningstar Growth ETF4.10%0.03%
SCHGSchwab US Large-Cap Growth ETF4.23%0.04%
MGKVanguard Morningstar Mega Cap Growth ETF4.09%0.05%
CIBRFirst Trust Nasdaq Cybersecurity ETF7.4%0.58%
FTECFidelity MSCI Information Technology Index ETF4.1%0.08%
ONEQFidelity Nasdaq Composite Index ETF3.56%0.21%
SCHBSchwab U.S. Broad Market ETF2.28%0.03%
TECLDirexion Daily Technology Bull 3X SharesApproximately 5.7%Approximately 0.94% (the latest annual report lists 0.87% net)
SPYINEOS S&P 500 High Income ETF2.44%0.68%
IWFiShares Russell 1000 Growth ETF4.8%0.18%
BBUSJPMorgan BetaBuilders U.S. Equity ETF2.5%0.02%
CHPXGlobal X AI Semiconductor & Quantum ETF8.0%0.50%
FDVVFidelity High Dividend ETF2.93%0.15%
HACKAmplify Cybersecurity ETF6.66%0.60%
JGROJPMorgan Active Growth ETF4.22%0.44%
TPAYRoundhill S&P 500 Target 10 Managed Distribution ETF~3%0.49%
XYLDGlobal X S&P 500 Covered Call ETF2.6%0.60%
IVWiShares S&P 500 Growth ETF4.5%0.18%
VVVanguard Morningstar Large-Cap ETF2.7%0.03%
VONGVanguard Russell 1000 Growth Index Fund ETF Shares5.2%0.06%
IWBiShares Russell 1000 ETF2.3%0.15%
DFACDimensional U.S. Core Equity 2 ETF1.1%0.17%
DYNFiShares U.S. Equity Factor Rotation Active ETF2.5%0.26%
CGDVCapital Group Dividend Value ETF4.6%0.33%
IUSGiShares Core S&P U.S. Growth ETF4.3%0.04%
IYWiShares U.S. Technology ETF3.1%0.38%
CGGRCapital Group Growth ETF4.4%0.39%
DFUSDimensional U.S. Equity Market ETF2.3%0.09%
OEFiShares S&P 100 ETF3.4%0.20%
IWViShares Russell 3000 ETF2.2%0.20%
ESGUiShares ESG Aware MSCI USA ETF2.4%0.15%
IWYiShares Russell Top 200 Growth ETF5.2%0.20%
BAIiShares A.I. Innovation and Tech Active ETF4.3%0.55%
GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF2.2%0.09%
SPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETF2.3%0.03%
ESGVVanguard ESG U.S. Stock ETF2.9%0.09%
DFAUDimensional US Core Equity Market ETF2.1%0.12%
CGGOCapital Group Global Growth Equity ETF3.5%0.47%
VONEVanguard Russell 1000 Index Fund ETF Shares2.4%0.06%
PBUSInvesco MSCI USA ETF2.4%0.04%
CGUSCapital Group Core Equity ETF5.2%0.33%
MGCVanguard Morningstar Mega Cap ETF3.2%0.05%
XLGInvesco S&P 500 Top 50 ETF4.0%0.20%
IXNiShares Global Tech ETF4.1%0.37%
IOOiShares Global 100 ETF4.0%0.40%
JQUAJPMorgan U.S. Quality Factor ETF2.0%0.12%
URTHiShares MSCI World ETF1.8%0.24%
FELCFidelity Enhanced Large Cap Core ETF2.8%0.18%
TCAFT. Rowe Price Capital Appreciation Equity ETF3.2%0.31%
CGBLCapital Group Core Balanced ETF4.4%0.33%
FBCGFidelity Blue Chip Growth ETF4.1%0.57%
DLNWisdomTree U.S. LargeCap Dividend Fund2.0%0.28%
VTHRVanguard Russell 3000 Index Fund ETF Shares2.3%0.06%
SCHKSchwab 1000 ETF2.4%0.03%
FELGFidelity Enhanced Large Cap Growth ETF5.1%0.18%
BKLCBNY Mellon US Large Cap Core Equity ETF2.5%0.00%
CGDGCapital Group Dividend Growers ETF4.0%0.47%
QLTYGMO U.S. Quality ETF3.5%0.50%
JTEKJPMorgan U.S. Tech Leaders ETF3.5%0.65%

What themes does Broadcom Inc. (AVGO) fit?

Who competes with Broadcom Inc. (AVGO)?

Custom AI accelerators

Marvell (also designs custom hyperscaler AI silicon, smaller scale). Some competition from NVIDIA selling complete systems versus hyperscalers buying custom chips from Broadcom or Marvell.

Networking silicon

NVIDIA Networking (formerly Mellanox), Marvell, Cisco Silicon One. Broadcom dominates Ethernet switch silicon; NVIDIA dominates InfiniBand. Different technologies for different parts of the data center network.

Enterprise virtualization software (VMware)

Microsoft (Azure Stack, Hyper-V), Red Hat (acquired by IBM), Nutanix. Many customers are exploring alternatives following Broadcom's pricing changes after acquiring VMware.

What stocks are similar to Broadcom Inc. (AVGO)?

Other names that sit close to AVGO: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

How to invest in Broadcom Inc. (AVGO)

There are three common ways to get AVGO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (IGM, ACWI, SPLG), which spreads the position across many companies. Or build it into a focused thematic portfolio, so AVGO sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where AVGO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

The bottom line on Broadcom Inc. (AVGO)

Broadcom (AVGO) is a roughly $1.6 trillion semiconductor and software franchise whose growth leans on custom AI accelerators and AI networking, run by acquirer-operator Hock Tan. In a portfolio it behaves as a megacap AI-infrastructure anchor with a dividend-growth tilt, carrying customer-concentration risk in custom silicon, sensitivity to how hyperscalers finance their AI buildouts, and integration friction at VMware, not a speculative position. Its valuation compressed in 2026 (about 17x forward earnings in mid-October) even as revenue growth accelerated.

More on Broadcom Inc. (AVGO)

Whether AVGO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is AVGO a buy or a sell?, and where the stock could go from here in the AVGO stock forecast.

For income investors, whether AVGO pays a dividend and how the payout looks is covered in does AVGO pay a dividend? And to weigh AVGO against a peer, read the full side-by-side comparisons: AVGO vs NVDA and AVGO vs MSFT.

Wondering how AVGO fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.

Investing in Broadcom Inc. with AI

Connect the broker you already use and ask Walnut's AI how AVGO fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.

FAQ

What is Broadcom's ticker symbol?

+

AVGO, listed on Nasdaq. Officially Broadcom Inc. Headquartered in Palo Alto, California. The AVGO ticker is a holdover from the company's earlier name (Avago Technologies); after acquiring the original Broadcom in 2016, the company adopted that name while keeping the ticker.

Who are Broadcom's main competitors?

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By segment. Custom AI silicon: Marvell, plus NVIDIA's complete-system offerings. Networking semiconductors: NVIDIA Networking (Mellanox), Marvell, Cisco's silicon group. Enterprise virtualization software (VMware): Microsoft, Red Hat (IBM), Nutanix. Few companies compete with Broadcom across all of these categories.

Why is Broadcom an AI stock?

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Two reasons. First, Broadcom designs custom AI accelerator chips (XPUs) for hyperscaler customers like Google (TPU) and Meta (MTIA). Second, Broadcom dominates Ethernet switch silicon, which is the networking layer of every AI data center. Both are growing fast as hyperscalers spend on AI infrastructure.

What is Broadcom's P/E ratio?

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Approximately 44x trailing twelve-month GAAP earnings as of October 2026, but only about 17x forward earnings, because analysts expect EPS to rise steeply as custom AI silicon ramps. The gap between the two figures shows how much of the valuation depends on that growth materializing.

What does Broadcom do?

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Broadcom is a semiconductor and enterprise software company. Semiconductors: networking silicon (Ethernet switches), wireless connectivity chips, custom AI accelerators for hyperscalers, storage and broadband silicon. Software: VMware (virtualization and cloud), Symantec (security), CA Technologies (mainframe and ops).

Who owns the most Broadcom stock?

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Major institutional holders include Vanguard (~9%), BlackRock (~7%), and State Street (~4%). CEO Hock Tan owns less than 1% personally but is widely credited as the architect of Broadcom's strategy of building through acquisitions. Insider ownership is relatively low.

Which ETFs have the most Broadcom exposure?

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SMH (VanEck Semiconductor) holds AVGO at ~7.6%. SOXX (iShares Semiconductor) holds AVGO at ~8.4%, even higher concentration. QQQ holds AVGO at ~4.5%, the sixth-largest holding. VOO holds AVGO at ~1.7%. SCHD (dividend ETF) holds AVGO at ~4.4% because of the consistent dividend growth track record.

Which thematic baskets typically include Broadcom?

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Three themes on Walnut. AI infrastructure (custom AI silicon plus AI networking switches), Semiconductors (one of the largest US fabless designers), and Dividend growth (consistent dividend growth makes AVGO a frequent inclusion in income-tilted baskets). Multi-theme inclusion makes AVGO a common cross-thematic anchor position.

How much of SMH is Broadcom?

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Approximately 7.6% as of early 2026. AVGO is the third-largest SMH holding behind NVDA (~20.5%) and TSM (~10.5%). In SOXX (broader semiconductor methodology), AVGO is the second-largest holding at ~8.4%. The high concentration reflects Broadcom's large market cap in the semiconductor universe. ETF weights move with market caps and rebalances, so check the fund's current holdings page for today's figure.

How much of VOO is Broadcom?

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Approximately 1.7% as of early 2026. AVGO is consistently among the top 10 VOO holdings, typically ranked 7-9 by market cap. The stock's growth in market cap has driven its weight in S&P 500 ETFs higher over multi-year periods.

Does Broadcom pay a dividend?

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Yes. AVGO pays about $2.60 per share a year, a yield of roughly 0.76% at the mid-October 2026 price near $335, and has grown the dividend consistently since beginning payouts in 2010. The payout ratio is about 32% of earnings. The combination of AI growth plus dividend growth is unusual in semiconductors and is the central reason AVGO appears in both growth and income-tilted Walnut baskets.

What is Broadcom's market cap?

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Approximately $1.6 trillion as of October 16, 2026, at a share price near $335. AVGO joined the trillion-dollar market cap club in 2024 after multi-year appreciation driven by AI revenue growth and the VMware acquisition, and peaked higher in 2026 before the semiconductor sell-off (its 52-week high is $495). It is one of a small group of US public companies with market cap above $1 trillion.

Is Broadcom a Mag 7 stock?

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No. The Magnificent Seven are Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA, and Tesla. Broadcom has been discussed as a potential addition to expand the group to 'Mag 8' given its trillion-dollar market cap and AI exposure, but the common term has remained at seven names.

Should I own Broadcom directly or through SMH?

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Both common. Direct ownership gives concentrated AVGO exposure and the dividend yield. SMH includes AVGO at ~7.6% along with other semiconductor exposure. Many Walnut users hold both: direct AVGO for AI custom silicon plus AI networking conviction, plus SMH for broader semi cycle. The right mix depends on conviction in Broadcom-specific factors versus broader semi sector.

How did Broadcom do in its latest quarter?

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In the fiscal third quarter of 2026 (ended August 2), Broadcom reported revenue of about $29.6 billion, up roughly 85% year over year, and net income of about $13.1 billion. Adjusted EPS of $3.32 beat the consensus of about $3.24, its fourth consecutive beat. The next report, for fiscal Q4, is scheduled for December 9, 2026, with consensus near $34.9 billion of revenue and $3.83 of EPS.

How has AVGO stock performed in 2026?

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As of the October 16, 2026 close near $335.47, Broadcom shares were down about 3.5% year to date and about 5% over the past year, and roughly 32% below the 52-week high of $495. The drop came during a broad semiconductor sell-off tied to higher bond yields and doubts about AI returns, even as reported revenue growth accelerated. Past performance does not predict future returns.

Guides that feature AVGO

AVGO is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.

Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Broadcom Inc.'s investor relations page or your broker before making investment decisions.