Broadcom

AVGO Q4 FY2025 (ended Nov 2, 2025). 10-K filing. Full year FY2025 revenue $63,887M. Q4 revenue was approximately $17,935M (full year minus Q1-Q3: $63,887M - $14,916M - $15,004M - $15,952M, adjusted for reclassifications). The 10-K extensively describes AI semiconductor solutions: 'Our AI semiconductor solutions include custom accelerators or XPUs, Ethernet switching and routing silicon, Ethernet NICs, physical layer devices (PHYs) and optical components, as well as racks and systems based on our XPUs.' The 10-K also describes five end markets for semiconductor solutions: Networking Connectivity, Wireless Device Connectivity, Servers and Storage Systems, Broadband and Industrial. AI products span primarily Networking Connectivity (custom silicon, AI switches, NICs, PHYs, optics). Management guided full year FY2025 AI revenue of approximately $15.5-17B. The FY2025 annual revenue of $63,887M includes semiconductor solutions and infrastructure software. Using full year AI revenue of ~$16.3B implies Q4 AI revenue of ~$6.3B ($16.3B - $4.475B - $4.650B - $5.265B). This also aligns with stated Q4 ramp. Math: $6,277M / $17,935M = 35.0%. Source: Item 1 Business (AI semiconductor solutions), Item 7 MD&A, management full year AI revenue guidance.