Broadcom Inc. logo AVGO - Broadcom Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 52
HOLD 6
SELL 0
STRONG
SELL 0
| PRICE TARGET: $459.94 DETAILS
HIGH: $582.00
LOW: $335.00
MEDIAN: $456.00
CONSENSUS: $459.94
UPSIDE: 11.06%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3
Revenue
Revenue 19,311 18,015 15,952 15,004 14,916 14,054 13,072 12,487 11,961 9,295 8,876 8,733 8,915 8,930 8,464 8,103 7,706 7,407 6,778 6,610 6,655 6,467 5,821 5,742 5,858 5,776 5,515 5,517 5,789 5,444 5,063 5,014 5,327 4,844 4,463 4,190 4,139 4,136 3,792 3,541 1,840 1,735 1,614 1,635 1,590 1,269 701 709 738 644 562 576 618 606 577 563 623 603 560 550 572 550 515 456 428 363 325 368 447 439
Cost of Revenue 6,648 5,766 5,249 4,807 4,771 5,052 4,716 4,711 4,586 2,888 2,712 2,618 2,911 3,004 2,783 2,664 2,657 2,769 2,581 2,553 2,703 2,720 2,505 2,553 2,594 2,624 2,481 2,428 2,581 2,509 2,444 2,463 2,699 2,461 2,314 2,214 2,138 1,965 2,010 2,495 843 851 768 809 802 876 344 370 392 340 290 300 319 311 299 293 319 306 285 279 296 287 282 262 250 222 227 225 279 268
Gross Profit 12,663 12,249 10,703 10,197 10,145 9,002 8,356 7,776 7,375 6,407 6,164 6,115 6,004 5,926 5,681 5,439 5,049 4,638 4,197 4,057 3,952 3,747 3,316 3,189 3,264 3,152 3,034 3,089 3,208 2,935 2,619 2,551 2,628 2,383 2,149 1,976 2,001 2,171 1,782 1,046 997 884 846 826 788 393 357 339 346 304 272 276 299 295 278 270 304 297 275 271 276 263 233 194 178 141 98 143 168 171
Operating Expenses
R&D Expenses 2,965 2,981 3,050 2,693 2,253 2,234 2,353 2,415 2,308 1,388 1,358 1,312 1,195 1,197 1,255 1,261 1,206 1,200 1,205 1,238 1,211 1,182 1,228 1,269 1,289 1,177 1,235 1,151 1,133 948 959 936 925 828 827 829 808 806 814 787 287 276 251 235 234 240 114 107 109 101 95 93 80 89 84 82 83 85 76 73 75 71 70 64 65 59 59 62 69 68
SG&A Expenses 1,017 1,107 1,072 1,083 949 1,010 1,100 1,277 1,572 418 388 438 348 370 323 368 321 337 346 325 339 405 428 501 601 409 410 419 471 237 234 294 291 182 200 204 201 224 230 238 118 143 108 117 129 137 67 74 60 57 52 53 49 49 51 50 55 60 55 50 51 51 48 46 47 40 42 40 48 50
Other Expenses 0 653 694 592 683 1,131 1,115 1,119 1,412 348 562 348 358 358 359 398 397 520 520 519 565 634 652 653 660 512 524 549 1,049 98 87 120 469 618 474 469 486 760 1,002 1,022 78 166 69 73 124 178 16 19 7 6 6 5 5 6 5 5 6 5 5 6 5 5 6 5 61 18 8 11 8 9
Operating Expenses 3,982 4,741 4,816 4,368 3,885 4,375 4,568 4,811 5,292 2,154 2,308 2,098 1,901 1,925 1,937 2,027 1,924 2,057 2,071 2,082 2,115 2,221 2,308 2,423 2,550 2,098 2,169 2,119 2,653 1,283 1,280 1,350 1,685 1,628 1,501 1,502 1,495 1,790 2,046 2,047 483 585 428 425 487 555 197 200 176 164 153 151 134 144 140 137 144 150 136 129 131 127 124 115 173 117 109 113 125 127
Operating Income
Operating Income 8,681 7,508 5,887 5,829 6,260 4,627 3,788 2,965 2,083 4,240 3,856 4,008 4,103 3,986 3,737 3,413 3,127 2,581 2,126 1,975 1,837 1,526 1,008 766 714 1,054 865 970 555 1,652 1,339 1,201 943 755 648 474 506 381 (264) (1,001) 514 299 418 401 301 (162) 160 139 170 140 118 124 164 149 137 132 159 145 138 142 145 135 108 78 5 24 (11) 30 43 44
Interest Expense 746 761 754 769 873 864 1,064 1,047 926 405 406 405 406 406 406 518 407 411 415 466 570 420 464 487 406 361 362 376 345 148 149 148 183 119 112 112 111 106 139 256 41 43 53 54 54 55 1 24 0 1 1 1 0 1 0 1 (2) 2 1 3 7 8 8 11 19 20 20 18 21 20
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 114 0 0 0 0 0 0 0 10 0 0 8 0 0 0 6 0 0 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 10,834 9,863 8,028 10,194 6,260 7,290 6,394 5,582 4,613 5,304 4,912 5,060 5,278 5,242 4,960 4,572 4,381 4,104 3,644 3,456 3,487 3,285 2,776 2,626 2,438 2,560 2,356 2,480 2,082 2,538 2,343 2,211 2,162 1,983 1,871 1,670 1,492 1,041 777 (20) 776 566 647 631 567 93 221 196 237 191 161 166 205 190 178 168 198 184 176 164 185 175 147 92 37 68 26 70 79 84
EBIT 8,681 7,630 5,826 5,854 6,363 4,679 3,870 3,052 2,268 4,372 3,980 4,121 4,246 4,026 3,743 3,308 3,094 2,603 2,141 1,952 1,954 1,557 1,057 896 710 1,108 906 1,033 623 1,570 1,378 1,247 978 764 660 477 378 341 (281) (1,060) 526 310 417 405 317 (164) 160 139 179 145 119 125 165 150 140 131 159 145 138 123 145 135 107 53 (3) 28 (13) 29 37 44
Income Before Tax 8,195 6,869 5,285 5,085 5,490 3,763 2,806 2,005 1,342 3,967 3,574 3,716 3,840 3,620 3,337 2,790 2,687 2,169 1,726 1,486 1,384 1,137 593 409 304 747 544 657 278 1,422 1,229 1,099 795 645 548 365 267 235 (420) (1,316) 485 267 364 351 263 (219) 159 139 180 144 118 126 165 150 140 130 159 145 137 120 138 127 99 42 (22) 8 (33) 11 16 24
Income Tax Expense 846 (1,649) 1,145 120 (13) (442) 4,238 (116) 68 443 271 235 66 261 263 200 215 180 (150) (7) 6 (187) (96) (159) (76) (100) (171) (36) (203) 307 32 (2,637) (5,786) 89 39 (103) 10 841 (117) (99) 15 23 25 13 126 (99) 1 5 8 2 5 1 6 5 6 5 5 1 2 1 (26) 4 9 4 (1) 6 (2) 5 (9) 5
Net Income 7,349 8,518 4,140 4,965 5,503 4,324 (1,875) 2,121 1,325 3,524 3,303 3,481 3,774 3,359 3,074 2,590 2,472 1,989 1,876 1,493 1,378 1,324 688 563 385 847 715 691 471 1,115 1,196 3,718 6,230 532 481 440 239 (632) (298) (1,186) 429 240 344 351 135 (164) 158 134 172 142 113 125 159 145 134 125 154 144 135 119 164 123 90 38 (21) 2 (31) 6 18 44
Per Share Data
EPS (Basic) 1.55 1.80 0.88 1.05 1.17 0.92 -0.40 0.46 0.29 0.85 0.80 0.84 0.90 0.81 0.74 0.62 0.58 0.46 0.44 0.35 0.32 0.31 0.15 0.12 0.08 0.21 0.18 0.17 0.12 0.27 0.28 0.88 1.52 0.13 0.12 0.11 0.06 -0.16 -0.08 -0.30 0.16 0.09 0.13 0.14 0.05 -0.07 0.06 0.05 0.07 0.06 0.05 0.05 0.07 0.06 0.06 0.05 0.06 0.06 0.06 0.05 0.07 0.05 0.04 0.02 -0.01 0.00 -0.01 0.00 0.01 0.02
EPS (Diluted) 1.50 1.74 0.85 1.03 1.14 0.90 -0.40 0.44 0.28 0.83 0.77 0.82 0.88 0.77 0.70 0.59 0.56 0.45 0.42 0.33 0.30 0.29 0.15 0.12 0.07 0.20 0.17 0.16 0.11 0.26 0.27 0.83 1.46 0.11 0.11 0.10 0.05 -0.15 -0.07 -0.30 0.15 0.08 0.12 0.13 0.05 -0.07 0.06 0.05 0.07 0.06 0.04 0.05 0.06 0.06 0.05 0.05 0.06 0.06 0.05 0.05 0.07 0.05 0.04 0.02 -0.01 0.00 -0.01 0.00 0.01 0.02
Shares Outstanding 4,741 4,732 4,714 4,707 4,695 4,679 4,663 4,650 4,520 4,130 4,130 4,150 4,180 4,110 4,060.2 4,090.2 4,120 4,130.3 4,120.3 4,100.3 4,080.2 4,060.2 4,030 4,010 3,980 3,970 3,980 3,970 4,010 4,120 4,300 4,210 4,100 4,080 4,070 4,030 3,990 3,980 3,960 3,920 2,760 2,650 2,580 2,550 2,540 2,500 2,510 2,490 2,480 2,480 2,460 2,460 2,460 2,450 2,440 2,450 2,450 2,460 2,450 2,420 2,420 2,390 2,380 2,360 2,360 2,130 2,140 2,140 2,140 2,140
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2010 Q2 2010 Q1 2009 Q4 2009 Q2
Current Assets
Cash & Cash Equivalents 14,174 16,178 10,718 9,472 9,307 9,348 9,952 9,809 11,864 14,189 12,055 11,553 12,647 12,416 9,977 9,005 10,219 12,163 11,105 9,518 9,552 7,618 8,857 9,207 6,444 5,055 5,462 5,328 5,093 4,292 4,136 8,187 7,076 11,204 5,249 4,254 3,536 3,097 1,961 2,041 256 144 472 241
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200 200 0 0 0 0 0 0 0 0
Net Receivables 8,460 7,145 6,494 8,797 7,677 4,416 4,665 5,500 4,969 3,653 2,914 3,031 3,234 2,958 2,708 3,083 2,539 2,071 2,234 2,425 2,524 2,297 2,684 3,211 3,651 3,259 3,539 3,484 3,677 3,325 3,083 2,749 2,459 2,448 2,417 2,073 1,947 2,181 2,181 1,857 249 203 186 185
Inventory 2,962 2,270 2,180 2,017 1,908 1,760 1,894 1,842 1,920 1,898 1,842 1,886 1,899 1,925 1,838 1,668 1,520 1,297 1,160 1,004 952 1,003 1,081 953 944 874 1,091 1,034 1,074 1,124 1,216 1,235 1,291 1,447 1,431 1,311 1,336 1,400 1,306 1,467 178 166 162 151
Other Current Assets 6,466 5,980 5,606 959 813 4,071 2,366 6,409 7,019 364 1,089 725 447 341 310 365 484 516 628 694 759 590 626 462 650 427 404 436 456 123 37 129 394 284 646 630 531 447 600 1,322 44 44 44 38
Total Current Assets 32,062 31,573 24,998 22,181 20,990 19,595 19,947 25,302 27,192 20,847 18,333 17,871 18,836 18,504 15,561 14,810 15,341 16,586 15,636 14,245 14,300 11,895 13,681 14,222 12,109 9,917 10,898 10,677 10,604 9,107 8,695 12,474 11,220 15,823 9,943 8,468 7,350 7,125 6,048 6,687 727 557 864 615
Non-Current Assets
Property, Plant & Equipment 2,599 2,530 2,451 2,462 2,465 2,521 2,602 2,668 2,662 2,154 2,180 2,209 2,201 2,223 2,250 2,262 2,303 2,348 2,370 2,416 2,496 2,509 2,567 2,618 2,616 2,565 2,611 2,654 2,684 2,635 2,695 2,720 2,747 2,599 2,909 2,762 2,646 2,509 2,573 2,486 261 254 264 276
Goodwill 97,801 97,801 97,801 97,801 97,871 97,873 97,873 97,873 97,586 43,653 43,619 43,614 43,614 43,614 43,608 43,603 43,450 43,450 43,457 43,457 43,457 43,447 43,447 43,457 43,472 36,714 36,686 36,662 36,647 26,913 26,920 26,908 26,899 24,706 24,706 24,706 24,700 24,732 24,784 24,776 171 171 171 171
Intangible Assets 30,302 32,273 34,344 36,393 38,583 40,583 43,034 45,407 47,185 3,867 4,654 5,434 6,225 7,111 8,174 9,241 10,244 11,374 12,719 14,068 15,419 16,782 18,357 19,909 21,465 17,554 18,879 20,188 21,493 10,762 11,598 12,346 13,171 10,832 11,927 13,016 14,067 15,068 15,819 16,944 607 627 647 685
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 7,139 6,915 6,027 5,793 5,449 5,073 4,510 3,961 3,245 2,340 2,809 2,539 2,100 1,797 1,733 1,803 1,886 1,812 1,698 1,338 1,300 1,300 1,246 1,342 1,344 743 (967) (1,136) 682 707 286 488 507 458 457 897 854 532 528 514 16 23 24 58
Total Non-Current Assets 137,841 139,519 140,623 142,449 144,368 146,050 148,019 149,909 150,678 52,014 53,262 53,796 54,140 54,745 55,765 56,909 57,883 58,984 60,244 61,279 62,672 64,038 65,617 67,326 68,897 57,576 58,869 60,239 61,506 41,017 41,677 42,462 43,324 38,595 39,999 41,381 42,267 42,841 43,704 44,720 1,055 1,075 1,106 1,190
Total Assets 169,903 171,092 165,621 164,630 165,358 165,645 167,966 175,211 177,870 72,861 71,595 71,667 72,976 73,249 71,326 71,719 73,224 75,570 75,880 75,524 76,972 75,933 79,298 81,548 81,006 67,493 69,767 70,916 72,110 50,124 50,372 54,936 54,544 54,418 49,942 49,849 49,617 49,966 49,752 51,407 1,782 1,632 1,970 1,805
Current Liabilities
Account Payables 2,112 1,560 1,432 1,297 1,905 1,662 1,757 1,441 1,496 1,210 992 831 923 998 712 1,069 1,078 1,086 968 830 898 836 1,092 1,230 985 855 996 759 738 811 785 836 816 1,105 1,158 925 1,047 1,261 1,127 985 169 160 154 167
Short-Term Debt 2,252 3,152 1,396 5,527 5,642 1,245 3,161 2,426 2,433 1,563 1,119 1,117 1,077 403 269 269 300 264 279 278 864 827 807 819 2,311 2,787 3,537 3,537 3,537 0 117 117 117 117 0 0 0 454 334 344 0 0 366 0
Deferred Revenue 0 9,469 10,305 10,303 9,908 9,395 9,789 10,519 9,593 2,487 831 3,427 3,109 2,931 3,297 3,600 3,027 2,619 3,008 3,409 3,098 2,620 2,793 3,065 2,880 1,501 1,872 2,028 1,692 164 183 417 333 51 0 0 0 517 424 303 12 5 25 0
Other Current Liabilities 11,631 2,792 2,514 2,258 2,046 3,114 2,879 4,156 4,884 252 3,440 1,064 1,015 1,536 839 711 795 1,380 1,259 774 778 1,648 776 1,487 1,563 886 1,038 1,411 1,263 486 317 754 371 247 1,060 1,127 1,075 (2) 843 1,019 86 75 6 83
Total Current Liabilities 16,859 18,514 16,704 20,597 20,910 16,697 19,221 20,171 20,369 7,405 7,345 7,511 7,483 7,052 6,702 6,910 6,287 6,281 6,501 6,436 6,694 6,371 6,702 6,601 7,739 6,899 8,282 8,503 8,349 2,338 2,187 2,124 1,970 2,529 2,218 2,052 2,122 3,078 2,728 2,651 281 248 633 282
Non-Current Liabilities
Long-Term Debt 63,805 61,984 62,830 61,744 60,915 66,295 66,781 71,569 73,429 37,617 38,222 38,194 38,150 39,053 39,165 39,164 39,205 39,401 40,178 40,160 41,068 40,235 43,149 45,044 42,407 30,011 34,028 34,011 34,104 17,493 17,487 17,481 17,475 17,431 13,572 13,567 13,562 13,188 13,381 14,664 230 230 230 700
Deferred Tax Liabilities 0 2,704 3,817 3,365 4,017 4,703 5,594 2,219 3,220 (299) 2,885 2,841 0 3,229 3,307 3,339 3,366 (566) 0 0 0 0 (670) 0 0 0 1,660 1,871 2,076 169 178 266 1,243 10,019 9,859 10,239 10,274 10,287 9,614 0 0 0 0 0
Other Non-Current Liabilities 9,367 3,051 4,962 5,177 5,088 5,172 4,943 5,087 4,671 3,488 3,941 3,943 4,016 385 4,530 4,655 4,738 4,400 4,214 4,274 4,476 4,028 5,264 4,626 5,064 5,306 3,897 3,917 3,840 3,467 3,068 2,998 4,775 1,253 1,589 1,648 1,649 1,537 1,525 11,330 67 65 64 61
Total Non-Current Liabilities 73,172 71,286 75,640 74,447 74,659 81,270 83,094 85,079 87,217 41,468 42,171 42,149 42,183 43,488 43,721 43,819 43,943 44,300 45,012 45,122 46,279 45,661 49,011 50,977 48,871 35,624 39,982 40,241 40,537 21,129 20,733 20,745 23,493 28,644 25,020 25,454 25,485 25,012 24,520 25,994 301 297 297 765
Total Liabilities 90,031 89,800 92,344 95,044 95,569 97,967 102,315 105,250 107,586 48,873 49,516 49,660 49,666 50,540 50,423 50,729 50,230 50,581 51,513 51,558 52,973 52,032 55,713 57,578 56,610 42,523 48,264 48,744 48,886 23,467 22,920 22,869 25,463 31,122 27,238 27,506 27,607 28,090 27,248 28,645 582 545 930 1,047
Stockholders' Equity
Common Stock 5 5 5 5 5 5 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21,619 22,288 23,081 23,285 23,291 24,305 20,851 20,505 20,180 19,869 19,504 19,241 18,926 18,659 0 0 0 0
Retained Earnings 6,520 9,761 4,040 2,686 2,729 0 (1,875) 0 0 2,682 1,178 1,363 2,371 1,604 0 0 0 748 320 0 0 0 0 0 0 0 0 0 259 3,487 4,267 7,868 5,132 (129) (245) (311) (337) (215) 619 1,116 (228) (318) (356) (337)
Accumulated Other Comprehensive Income 212 218 221 206 207 207 208 207 207 207 46 (182) (180) (54) (114) (115) (115) (116) (106) (106) (107) (108) (131) (131) (132) (140) (116) (116) (116) (115) (106) (106) (82) (91) (133) (133) (134) (134) (72) (73) 3 3 3 9
Total Stockholders' Equity 79,872 81,292 73,277 69,586 69,789 67,678 65,651 69,961 70,284 23,988 22,079 22,007 23,310 22,709 20,903 20,990 22,994 24,989 24,367 23,966 23,999 23,901 23,585 23,970 24,396 24,970 21,503 22,172 23,224 26,657 27,452 32,067 25,901 20,285 19,802 19,425 19,033 18,892 19,473 19,702 1,200 1,087 1,040 758
Total Liabilities & Equity 169,903 171,092 165,621 164,630 165,358 165,645 167,966 175,211 177,870 72,861 71,595 71,667 72,976 73,249 71,326 71,719 73,224 75,570 75,880 75,524 76,972 75,933 79,298 81,548 81,006 67,493 69,767 70,916 72,110 50,124 50,372 54,936 54,544 54,418 49,942 49,849 49,617 49,966 49,752 51,407 1,782 1,632 1,970 1,805
Debt Metrics
Total Debt 66,057 65,136 64,229 67,282 66,579 67,566 69,959 74,016 75,901 39,648 39,341 39,311 39,282 39,978 39,495 39,466 39,505 40,273 40,457 40,438 41,932 41,689 44,669 46,511 45,381 32,798 37,565 37,548 37,641 17,493 17,604 17,598 17,592 17,548 13,572 13,567 13,562 13,642 13,715 15,008 236 235 599 706
Net Debt 51,883 48,958 53,511 57,810 57,272 58,218 60,007 64,207 64,037 25,459 27,286 27,758 26,635 27,562 29,518 30,461 29,286 28,110 29,352 30,920 32,380 34,071 35,812 37,304 38,937 27,743 32,103 32,220 32,548 13,201 13,468 9,411 10,516 6,344 8,323 9,313 10,026 10,545 11,754 12,967 (20) 91 127 465
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2
Operating Activities
Net Income 7,349 8,518 4,140 4,965 5,503 4,324 (1,875) 2,121 1,274 3,524 3,303 3,481 3,774 3,359 3,074 2,590 2,472 1,989 1,876 1,493 1,378 1,324 688 563 385 847 715 691 471 1,115 1,196 3,733 6,566 671 507 464 252 (668) (315) (1,255)
Depreciation & Amortization 2,153 2,233 2,202 2,166 2,174 2,611 2,524 2,530 2,345 932 932 939 1,032 1,216 1,217 1,264 1,287 1,501 1,503 1,504 1,533 1,728 1,719 1,730 1,728 1,452 1,450 1,447 1,459 968 965 964 1,184 1,219 1,211 1,193 1,114 700 1,058 1,040
Stock-Based Compensation 2,176 2,195 2,322 1,771 1,280 1,314 1,388 1,457 1,582 638 629 513 391 387 373 386 387 414 421 425 444 449 465 517 545 544 632 544 465 317 315 296 299 252 251 216 202 205 219 198
Change in Working Capital (3,105) (2,345) (1,894) (1,910) (2,351) (2,058) (1,068) (1,228) (283) (966) 73 (169) (581) (353) (284) (240) (777) (333) 141 243 (178) 262 704 456 (329) (154) (160) 98 32 (142) (264) (3) (417) (37) (357) (236) (356) (38) (27) 751
Other Non-Cash Items 142 (2,898) 112 134 203 281 356 211 191 61 33 54 (7) 63 59 243 47 17 36 81 85 44 38 122 65 16 17 (19) 84 135 13 25 (115) (72) 32 32 166 435 209 52
Operating Cash Flow 8,260 7,703 7,166 6,555 6,113 5,604 4,963 4,580 4,815 4,828 4,719 4,502 4,036 4,583 4,424 4,243 3,486 3,541 3,541 3,569 3,113 3,348 3,178 3,213 2,322 2,479 2,419 2,667 2,132 2,635 2,247 2,313 1,685 1,959 1,656 1,583 1,353 1,352 963 622
Investing Activities
Capital Expenditure (250) (237) (142) (144) (100) (122) (172) (132) (122) (105) (122) (122) (103) (122) (116) (85) (101) (88) (115) (126) (114) (102) (105) (148) (108) (96) (112) (125) (99) (106) (120) (189) (220) (233) (255) (256) (325) (193) (232) (158)
Acquisitions 0 0 0 0 0 (3,485) 3,483 (560) (25,416) (36) (17) 0 0 (7) (5) (234) 0 45 (8) (8) (8) 2 58 168 (10,870) 6 (6) (16,027) (15,070) (7) (7) 1 (4,004) 440 (3) (37) 10 200 610 (10,023)
Purchases of Investments (114) (336) (99) (57) (105) (30) (73) (59) (13) (58) (91) (197) 0 0 (200) (200) (200) 0 8 0 0 0 0 0 0 0 (5) (5) 0 249 (249) (5) (244) (7) 0 (200) 0 0 1 (58)
Sales/Maturities of Investments 244 101 51 78 18 20 5 42 89 154 74 0 0 0 200 191 0 102 67 0 0 0 0 0 0 0 2 3 0 0 54 54 237 200 0 0 0 15 57 32
Other Investing Activities 5 105 284 (10) 13 3,485 2 3 (15) (79) 12 1 0 1 201 18 (8) (9) 1 8 0 0 1 4 (9) 2 86 16,048 (24) (254) 148 (16) 4 (4) 0 0 (4) 4 (10) 0
Investing Cash Flow (115) (367) 94 (133) (174) (132) 3,245 (706) (25,477) (124) (144) (318) (103) (128) 80 (310) (309) 50 (47) (126) (122) (100) (46) 24 (10,987) (88) (35) (106) (15,193) (118) (174) (155) (4,227) 396 (258) (493) (319) 26 426 (10,207)
Financing Activities
Net Debt Issuance 824 845 (3,163) 630 (1,124) (2,503) (4,227) (2,000) 29,076 (143) 0 0 (260) (9) 0 (162) (255) (762) 0 (1,533) 704 (3,000) (1,900) 1,041 11,562 (4,904) (230) (59) 18,427 (117) 0 0 (856) 3,990 (6) (20) (222) (113) (1,306) 9,623
Stock Repurchased (7,850) 0 (58) (4,216) (2,036) (1,204) (1,350) (1,548) (8,290) (577) (2,167) (3,420) (1,521) (274) (1,792) (3,290) (3,099) (266) (347) (461) (225) (185) (192) (219) (169) (587) (977) (1,330) (3,513) (1,533) (5,411) (347) 0 0 0 0 0 0 0 0
Dividends Paid (3,086) (2,797) (2,786) (2,785) (2,774) (2,484) (2,452) (2,443) (2,435) (1,904) (1,901) (1,914) (1,926) (1,782) (1,736) (1,750) (1,764) (1,561) (1,556) (1,552) (1,543) (1,395) (1,386) (1,381) (1,372) (1,054) (1,057) (1,057) (1,067) (723) (754) (766) (755) (439) (438) (437) (431) (202) (199) (204)
Other Financing Activities (37) (27) (7) (4) (46) (11) (36) (2) (14) (5) (5) (7) 5 (5) (4) (5) (3) (1) (11) (2) (28) (9) (50) (6) (4) 3,688 3 (1) (47) (26) 2 (12) (9) (17) 0 (4) (3) (5) (2) (69)
Financing Cash Flow (10,149) (1,876) (6,014) (6,257) (5,980) (6,076) (8,065) (5,929) 18,337 (2,570) (4,073) (5,278) (3,702) (2,016) (3,532) (5,147) (5,121) (2,533) (1,907) (3,477) (1,057) (4,487) (3,482) (474) 10,054 (2,798) (2,250) (2,326) 13,862 (2,361) (6,124) (1,047) (1,586) 3,600 (403) (372) (595) (242) (1,469) 9,457
Cash Position
Net Change in Cash (2,004) 5,460 1,246 165 (41) (604) 143 (2,055) (2,325) 2,134 502 (1,094) 231 2,439 972 (1,214) (1,944) 1,058 1,587 (34) 1,934 (1,239) (350) 2,763 1,389 (407) 134 235 801 156 (4,051) 1,111 (4,128) 5,955 995 718 439 1,136 (80) (128)
Cash at Beginning 16,178 10,718 9,472 9,307 9,348 9,952 9,809 11,864 14,189 12,055 11,553 12,647 12,416 9,977 9,005 10,219 12,163 11,105 9,518 9,552 7,618 8,857 9,207 6,444 5,055 5,462 5,328 5,093 4,292 4,136 8,187 7,076 11,204 5,249 4,254 3,536 3,097 1,961 2,041 2,169
Cash at End 14,174 16,178 10,718 9,472 9,307 9,348 9,952 9,809 11,864 14,189 12,055 11,553 12,647 12,416 9,977 9,005 10,219 12,163 11,105 9,518 9,552 7,618 8,857 9,207 6,444 5,055 5,462 5,328 5,093 4,292 4,136 8,187 7,076 11,204 5,249 4,254 3,536 3,097 1,961 2,041
Free Cash Flow 8,010 7,466 7,024 6,411 6,013 5,482 4,791 4,448 4,693 4,723 4,597 4,380 3,933 4,461 4,308 4,158 3,385 3,453 3,426 3,443 2,999 3,246 3,073 3,065 2,214 2,383 2,307 2,542 2,033 2,529 2,127 2,124 1,465 1,726 1,401 1,327 1,028 1,159 731 464
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3
Income Statement
Revenue 19,311 18,015 15,952 15,004 14,916 14,054 13,072 12,487 11,961 9,295 8,876 8,733 8,915 8,930 8,464 8,103 7,706 7,407 6,778 6,610 6,655 6,467 5,821 5,742 5,858 5,776 5,515 5,517 5,789 5,444 5,063 5,014 5,327 4,844 4,463 4,190 4,139 4,136 3,792 3,541 1,840 1,735 1,614 1,635 1,590 1,269 701 709 738 644 562 576 618 606 577 563 623 603 560 550 572 550 515 456 428 363 325 368 447 439
Gross Profit 12,663 12,249 10,703 10,197 10,145 9,002 8,356 7,776 7,375 6,407 6,164 6,115 6,004 5,926 5,681 5,439 5,049 4,638 4,197 4,057 3,952 3,747 3,316 3,189 3,264 3,152 3,034 3,089 3,208 2,935 2,619 2,551 2,628 2,383 2,149 1,976 2,001 2,171 1,782 1,046 997 884 846 826 788 393 357 339 346 304 272 276 299 295 278 270 304 297 275 271 276 263 233 194 178 141 98 143 168 171
Operating Income 8,681 7,508 5,887 5,829 6,260 4,627 3,788 2,965 2,083 4,240 3,856 4,008 4,103 3,986 3,737 3,413 3,127 2,581 2,126 1,975 1,837 1,526 1,008 766 714 1,054 865 970 555 1,652 1,339 1,201 943 755 648 474 506 381 (264) (1,001) 514 299 418 401 301 (162) 160 139 170 140 118 124 164 149 137 132 159 145 138 142 145 135 108 78 5 24 (11) 30 43 44
Net Income 7,349 8,518 4,140 4,965 5,503 4,324 (1,875) 2,121 1,325 3,524 3,303 3,481 3,774 3,359 3,074 2,590 2,472 1,989 1,876 1,493 1,378 1,324 688 563 385 847 715 691 471 1,115 1,196 3,718 6,230 532 481 440 239 (632) (298) (1,186) 429 240 344 351 135 (164) 158 134 172 142 113 125 159 145 134 125 154 144 135 119 164 123 90 38 (21) 2 (31) 6 18 44
EPS (Diluted) 1.50 1.74 0.85 1.03 1.14 0.90 -0.40 0.44 0.28 0.83 0.77 0.82 0.88 0.77 0.70 0.59 0.56 0.45 0.42 0.33 0.30 0.29 0.15 0.12 0.07 0.20 0.17 0.16 0.11 0.26 0.27 0.83 1.46 0.11 0.11 0.10 0.05 -0.15 -0.07 -0.30 0.15 0.08 0.12 0.13 0.05 -0.07 0.06 0.05 0.07 0.06 0.04 0.05 0.06 0.06 0.05 0.05 0.06 0.06 0.05 0.05 0.07 0.05 0.04 0.02 -0.01 0.00 -0.01 0.00 0.01 0.02
Balance Sheet
Cash & Equivalents 14,174 16,178 10,718 9,472 9,307 9,348 9,952 9,809 11,864 14,189 12,055 11,553 12,647 12,416 9,977 9,005 10,219 12,163 11,105 9,518 9,552 7,618 8,857 9,207 6,444 5,055 5,462 5,328 5,093 4,292 4,136 8,187 7,076 11,204 5,249 4,254 3,536 3,097 1,961 2,041 256 144 472 241
Total Assets 169,903 171,092 165,621 164,630 165,358 165,645 167,966 175,211 177,870 72,861 71,595 71,667 72,976 73,249 71,326 71,719 73,224 75,570 75,880 75,524 76,972 75,933 79,298 81,548 81,006 67,493 69,767 70,916 72,110 50,124 50,372 54,936 54,544 54,418 49,942 49,849 49,617 49,966 49,752 51,407 1,782 1,632 1,970 1,805
Total Debt 66,057 65,136 64,229 67,282 66,579 67,566 69,959 74,016 75,901 39,648 39,341 39,311 39,282 39,978 39,495 39,466 39,505 40,273 40,457 40,438 41,932 41,689 44,669 46,511 45,381 32,798 37,565 37,548 37,641 17,493 17,604 17,598 17,592 17,548 13,572 13,567 13,562 13,642 13,715 15,008 236 235 599 706
Stockholders' Equity 79,872 81,292 73,277 69,586 69,789 67,678 65,651 69,961 70,284 23,988 22,079 22,007 23,310 22,709 20,903 20,990 22,994 24,989 24,367 23,966 23,999 23,901 23,585 23,970 24,396 24,970 21,503 22,172 23,224 26,657 27,452 32,067 25,901 20,285 19,802 19,425 19,033 18,892 19,473 19,702 1,200 1,087 1,040 758
Cash Flow
Operating Cash Flow 8,260 7,703 7,166 6,555 6,113 5,604 4,963 4,580 4,815 4,828 4,719 4,502 4,036 4,583 4,424 4,243 3,486 3,541 3,541 3,569 3,113 3,348 3,178 3,213 2,322 2,479 2,419 2,667 2,132 2,635 2,247 2,313 1,685 1,959 1,656 1,583 1,353 1,352 963 622
Capital Expenditure (250) (237) (142) (144) (100) (122) (172) (132) (122) (105) (122) (122) (103) (122) (116) (85) (101) (88) (115) (126) (114) (102) (105) (148) (108) (96) (112) (125) (99) (106) (120) (189) (220) (233) (255) (256) (325) (193) (232) (158)
Free Cash Flow 8,010 7,466 7,024 6,411 6,013 5,482 4,791 4,448 4,693 4,723 4,597 4,380 3,933 4,461 4,308 4,158 3,385 3,453 3,426 3,443 2,999 3,246 3,073 3,065 2,214 2,383 2,307 2,542 2,033 2,529 2,127 2,124 1,465 1,726 1,401 1,327 1,028 1,159 731 464