AVGOBroadcom Inc.

What investors said about this company on the podcasts we transcribe, newest first. Bullish means the speaker expects the stock to do well, bearish means they expect it to do badly.

1. Bullish
   Likes Broadcom 'to some extent' among the mispriced AI chip leadersGil Luria · Prof G Markets · 14 Oct 2026
2. Bullish
   Likes Broadcom: guiding to double revenue, ~11-12x 2028 earningsStacy Rasgon · Monetary Matters with Jack Farley · 8 Oct 2026
3. Bearish
   Taking real liabilities, not Nvidia's equity stakes: Broadcom is financing its own customersEd Zitron · Monetary Matters with Jack Farley · 1 Oct 2026

All 3 statements on the Podcast Heatmap

What one share would be worth today and in 12, 24 and 36 months if the company does exactly what its management has promised, next to what a share costs now. Worked out from the targets management gave in its own results decks and earnings calls.

Every target management put in a slide deck, and whether they hit it, missed it, or quietly dropped it.

The headline from each quarterly results deck over two years, so you can see what they want you to focus on, and when it changes.

on the headline page further in the deck not in the deck▲ onto page one▼ off page one● first mentionTap a mark for the quote.

Shareholder votes against the board and pay, plus which executives have been selling their own shares.

1. Tier 1 · live

   The chief executive is paid on the number he guides, and his own guidance clears the maximum

   The September 2025 award covers 610,521 target shares and pays 0% at or below $60bn of AI revenue, 100% at $90bn, 200% at $105bn and 300% at $120bn or more, measured on the highest four consecutive quarters of AI revenue between the start of fiscal 2028 and the end of fiscal 2030. On the 2026-09-02 call the same executive guided AI semiconductor revenue to about $115bn in fiscal 2027 — before the performance period opens — and about $230bn in fiscal 2028, saying the supply is secured for both. At 300% that is 1,831,563 shares, about $642m at today's price. Nothing vests before the last day of fiscal 2030 and he has agreed to hold the after-tax shares from the earlier 2023 award until at least November 2030.

2. Tier 1 · worsening

   Say on pay went from 7.5% against to 33.6% in one year

   At the 2026-04-20 meeting the advisory pay vote carried 2,433,503,375 to 1,232,879,962 — 33.6% against, after 7.5% in 2025. Harry You, who chairs the compensation committee, drew 954,686,330 against, 26.0%, up from 9.2%; the other two compensation members also moved, Diane Bryant from 0.7% to 6.4% and Check Kian Low from 1.1% to 7.9%. Nobody else on the board moved more than a point. The proxy records that the committee chair met thirteen stockholders representing 35% of the shares before the 2025 meeting and that the company engaged again after granting the award.

3. Tier 2 · worsening

   Half of one quarter's revenue came through a single distributor

   One distributor customer went from 32% of fiscal 2025 revenue to 50% of Q3 fiscal 2026 revenue, and the top five end customers from about 40% to about 55%. Receivables days went 31, then 41, then 42-44. The same quarter's call describes residual value guarantees on AI-lab equipment, which management calls low-risk contingent liabilities and which are not quantified in the figures read, and $35bn of secured financing in an off-balance-sheet vehicle discussed only in the question period.

4. Tier 2 · stable

   The chairman has pledged 16.2 million shares, under an exception to the company's own ban

   The proxy states that the company allows "No pledging of stock by employees or, unless a limited exception is approved, by executive officers or directors". The board approved such an exception for the chairman, capped so that pledged shares stay under 25% of his holding and the loans under 12.5% of its value. On 2024-11-15 he pledged 16,175,000 shares — about 18% of his holding and 0.3% of the company — to secure loans for the OCVIBE development in Orange County. Any change needs a fresh approval by the nominating committee and the board.

5. Tier 3 · worsening

   The lead independent director retired on an age rule and was not replaced

   Eddy Hartenstein retired at the 2026 annual meeting after ten years, eight as lead independent director, having offered his resignation on reaching 75 under the board's own guidelines. The board was cut from nine seats to eight rather than refilled; the lead independent director role lapsed, which the proxy's own structure permits because the chairman is independent; and nothing read names a successor as chair of the nominating and corporate governance committee. The chief financial officer also changed on 2026-06-12, hired from Alphabet, and the outgoing officer held both the finance and the accounting-officer titles.