Broadcom Inc (AVGO · NASDAQ)

Broadcom's momentum accelerated sharply through fiscal 2026, with quarterly revenue climbing from $18.02B in the October 2025 quarter to $29.59B in the July 2026 quarter, driving trailing-twelve-month revenue to $89.10B and 85.5% YoY revenue growth. Profitability is exceptional — 75.5% gross margin, 54.3% operating margin, and 44.3% ROE — and the company generated $13.66B in free cash flow in the July quarter while carrying a modest 1.1x debt/EBITDA. The stock has beaten estimates four straight quarters, most recently $3.03 versus $2.83 expected, yet shares at $354.73 sit 26.1% below their 52-week high and 4.3% under the 50-day moving average, with a P/E of 46.17 and an analyst target of $531.31. Management commentary has shifted to caution, with CEO Hock Tan warning that access to capital, not chip supply, will become AI's primary bottleneck.