Broadcom (AVGO) Stock Price vs Revenue
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From Q3 2020 to Q3 2021, Broadcom's revenue grew 14.3% from $23.2B to $26.5B, while its stock price increased 53.2% from $31.67 to $48.54 over the same period. This outpacing of stock price growth relative to revenue growth indicates valuation expansion. Looking at the broader 17-year window from August 2009 to June 2026, the stock price rose from $1.62 to $477.06 while reported revenue grew from approximately $20.8B (as of late 2018) to $26.5B by Q3 2021, showing a 0.94 correlation between the two metrics. The stock's 29,000% appreciation over this period far exceeded the revenue growth of roughly 27%, reflecting significant multiple expansion throughout the measurement window.
Trailing-12-month Revenue was $26.5B as of 2021-08-01, +14% year over year. The stock moved +53% over the same window ($31.67 -> $48.54). The stock is now more richly valued relative to Revenue than a year ago (multiple expansion).
Latest close: 482.98 USD (2026-06-02).
Revenue | recent SEC reports
| Report date | Revenue | Period |
|---|
| 2021-08-01 | 26.5B USD | Q3 10-Q |
| 2021-05-02 | 25.6B USD | Q2 10-Q |
| 2021-01-31 | 24.7B USD | Q1 10-Q |
| 2020-11-01 | 23.9B USD | FY 10-K |
| 2020-08-02 | 23.2B USD | Q3 10-Q |
| 2020-05-03 | 22.9B USD | Q2 10-Q |
| 2020-02-02 | 22.7B USD | Q1 10-Q |
| 2019-11-03 | 22.6B USD | FY 10-K |
Sources: autario.com/data/stock-avgo-broadcom-daily-prices · autario.com/data/broadcom-revenue-sec-filings | data verified and hosted on autario.com.