- Price
- $375.81 → $361.54(−3.8%)
- Discount
- 42.2% → 44.4%(+2.2 pts)
- Balance sheet
- Broadcom carries debt mainly from its large purchases of software companies, most recently VMware. At August 2, 2026, goodwill and intangible assets ofCash: $12424.1 billion were about two thirds of total assets of $188.1 billion. 0B
Debt principal was: $61.1 billion at that date. Almost all of it was unsecured senior notes, plus1B
Net debt: $137.75 billion of term loans1B
EBITDA, all at fixed rates. Only $2.3 billion is due withinlast 12 months, and the rest is spread out to 2056. Cash was: $2452.0 billion, so net3B
Net debt was about $37.1 billion. This is about/ EBITDA: 0.7 times EBITDA of about $52.3 billion over the 12 months to July 2026. In the first three quarters of fiscal 2026, operating income of $35.3 billion covered interest expense of $2.4 billion about× (low)
Interest cover: 15 times. The×
Undrawn credit line: $7.5 billion revolving credit facility5B, to January 2030 was undrawn, and there was no commercial paper
Debt due within 12 months: $2. The January 2026 bond documents showed ratings of A3 at3B
Last debt due: 2056
Ratings: Moody's A3 (positive outlook), A- at S&P andA- (positive outlook), Fitch BBB+ at Fitch, all with (positive outlooksoutlook)
Broadcom carries debt mainly from its large purchases of software companies, most recently VMware. The balance sheet does not show two new exposures to one AI customer. First, Broadcom backs a financial partner's leases of AI racks to that customer, up to a maximum of about $29 billion. Second, that customer can issue up to $42 billion of convertible notes to Broadcom to pay for its leases. The customer had issued none of these notes at August 2, 2026. At that date, goodwill and intangible assets of $124.1 billion were about two thirds of total assets of $188.1 billion. Almost all debt was unsecured senior notes, plus $1.75 billion of term loans, all at fixed rates. EBITDA is for the 12 months to July 2026, and interest cover is for the first three quarters of fiscal 2026. There was no commercial paper. In the same nine months, cash flow paid dividends of $9.3 billion and buybacks of $8.5 billion, and Broadcom repaid $6.1 billion of net debt. But the customer financing ties more of the balance sheet to the AI ramp.
As of 2026-08-02.