Broadcom (AVGO) Operating Expenses (2017 - 2026)
Broadcom (AVGO) reported Operating Expenses of $4.5 billion for fiscal Q3 2026 (quarter ended Aug 2, 2026), down 6.5% from $4.82 billion a year earlier and down 2.7% from the prior quarter.
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Analysis
Broadcom (AVGO) Operating Expenses (2017 - 2026) Analysis & Trends
Over the twelve months ended Aug 2, 2026, Broadcom's Operating Expenses came in at $18.46 billion, up 5.8% year-over-year; for FY2025 (ended Nov 2, 2025), it was $17.81 billion, down 6.5% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 13.4% (FY2020 to FY2025).
- By fiscal year, Operating Expenses came in at $19.05 billion in FY2024 (+124.5%), $8.48 billion in FY2023 (+7.8%), $7.87 billion in FY2022 (-5.5%) and $8.33 billion in FY2021 (-12.4%).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Operating Expenses since fiscal Q2 2025.
- Year over year, Operating Expenses gained in five of the last eight quarters, with growth averaging 12.2%.
- The high point for year-over-year Operating Expenses in five years was fiscal Q1 2024 (growth of 178.4%); the low point was fiscal Q1 2025 (a decline of 26.6%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $4.63 billion (Q2 2026), $4.59 billion (Q1 2026) and $4.74 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,757.49 Bn | 5,531.65 Bn | 72.14 Bn | 8.41 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,520.17 Bn | 2,145.88 Bn | 27.22 Bn | 3.13 Bn |
| 3 | Broadcom | 1,730.62 Bn | 1,656.67 Bn | 20.46 Bn | 4.50 Bn |
| 4 | Micron Technology | 1,201.21 Bn | 1,139.97 Bn | 35.06 Bn | 1.72 Bn |
| 5 | Advanced Micro Devices | 1,031.02 Bn | 987.76 Bn | 6.20 Bn | 4.21 Bn |
| 6 | Asml Holding | 716.82 Bn | 672.66 Bn | 5.90 Bn | - |
| 7 | Intel | 585.95 Bn | 470.68 Bn | 6.51 Bn | 4.71 Bn |
| 8 | Lam Research | 432.69 Bn | 409.49 Bn | 3.48 Bn | 965.25 Mn |
| 9 | Applied Materials | 430.35 Bn | 395.79 Bn | 4.59 Bn | 1.51 Bn |
| 10 | Arm Holdings | 321.38 Bn | 307.09 Bn | 1.25 Bn | -1.16 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 4.50 Bn |
| May 3, 2026 | 4.63 Bn |
| Feb 1, 2026 | 4.59 Bn |
| Nov 2, 2025 | 4.74 Bn |
| Aug 3, 2025 | 4.82 Bn |
| May 4, 2025 | 4.37 Bn |
| Feb 2, 2025 | 3.89 Bn |
| Nov 3, 2024 | 4.38 Bn |
| Aug 4, 2024 | 4.57 Bn |
| May 5, 2024 | 4.81 Bn |
| Feb 4, 2024 | 5.29 Bn |
| Oct 29, 2023 | 2.17 Bn |
| Jul 30, 2023 | 2.31 Bn |
| Apr 30, 2023 | 2.11 Bn |
| Jan 29, 2023 | 1.90 Bn |
| Oct 30, 2022 | 1.94 Bn |
| Jul 31, 2022 | 1.94 Bn |
| May 1, 2022 | 2.05 Bn |
| Jan 30, 2022 | 1.94 Bn |
| Oct 31, 2021 | 2.06 Bn |
API Access
Broadcom Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=AVGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AVGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=AVGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();