Broadcom reported a solid Q3 2025 with a revenue run-rate of approximately $15.95 billion, marking continued growth driven by a diversified mix of semiconductor solutions and infrastructure software. Gross margin stood at approximately 67.1%, and operating margin was 36.9%, supported by disciplined cost management and a robust EBITDA of about $8.03 billion. Net income was $4.14 billion, with EPS of $0.88 (diluted $0.85), reflecting strong profitability despite investments in R&D and ongoing scale benefits. Year-over-year revenue and gross profit expanded meaningfully, while net income and margins showed a more nuanced trajectory on a quarterly basis, highlighting the mix of higher revenue, ongoing efficiency gains, and seasonal or one-time tax/other items affecting quarterly profitability.
Looking ahead, Broadcom remains well-positioned to capitalize on secular growth in data center, networking, and AI-enabled workloads through its dual-leg strategy: semiconductors solutions and infrastructure software. The company’s large, diversified customer base and pricing power in high-end solutions underpin earnings quality. However, investors should monitor cyclicality in semiconductor demand, enterprise IT spend, and potential variances in tax and other income items that can swing quarterly results. Overall, the QQ3 2025 results reinforce Broadcom’s ability to generate solid margins and cash generation while preserving optionality for software-driven growth.