Broadcom's recent macro environment has been shaped by geopolitical stress in the Middle East, with US military strikes on more than 80 Iranian sites prompting President Trump to declare a prior ceasefire 'over' at the NATO Summit in Ankara on 8 July 2026, contributing to sustained oil market volatility during the period [Brief - 2026-08-15]. These developments formed part of the broader risk backdrop against which Broadcom's latest financial and filing data are assessed.
Broadcom's trailing twelve-month revenue stood at $89.1 billion as of the most recent filing, representing year-over-year growth of 85.5%. Net income over the same period was $38.3 billion, with a net margin of 42.9% and an operating margin of 48.0%. Gross margin was recorded at 68.8%. EPS grew 215.3% year-over-year. The company held $24.0 billion in cash against $61.7 billion in total debt. Market capitalisation was approximately $1.72 trillion, with a P/E ratio of 46.0 [SEC 10-Q - AVGO - 2026-08-02].
Institutional ownership data reflects a mixed picture across major filers. AQR Capital added 8% to its AVGO position, and Coatue added 6.2%, while Millennium reduced its position by 16%, Tiger Global reduced its position by 51%, and Bridgewater reduced its position by 28% [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Coatue - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Tiger Global - Q2 2026] [SEC 13F - Bridgewater - Q2 2026]. No insider transaction data was available for this reporting period.
The prevailing macroeconomic rate environment showed the 10-year US Treasury yield at 4.83% and the 2-year yield at 4.39%, producing a normal yield curve with a spread of 44 basis points [FRED DGS10] [FRED DGS2]. This report was generated in response to a new SEC filing and material changes in institutional positioning across multiple major holders.