Broadcom Inc. Earnings Per Share Disclosure
| Fiscal Year | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| (In millions, except per share data) | ||||||||||||||||||||
| Numerator: | ||||||||||||||||||||
Income from continuing operations | $ | 23,126 | $ | 6,168 | $ | 14,082 | ||||||||||||||
Loss from discontinued operations, net of income taxes | — | (273) | — | |||||||||||||||||
Net income | $ | 23,126 | $ | 5,895 | $ | 14,082 | ||||||||||||||
| Denominator: | ||||||||||||||||||||
| Weighted-average shares outstanding - basic | 4,712 | 4,624 | 4,149 | |||||||||||||||||
| Dilutive effect of equity awards | 141 | 154 | 123 | |||||||||||||||||
| Weighted-average shares outstanding - diluted | 4,853 | 4,778 | 4,272 | |||||||||||||||||
Basic income per share: | ||||||||||||||||||||
Income per share from continuing operations | $ | 4.91 | $ | 1.33 | $ | 3.39 | ||||||||||||||
Loss per share from discontinued operations | — | (0.06) | — | |||||||||||||||||
Net income per share | $ | 4.91 | $ | 1.27 | $ | 3.39 | ||||||||||||||
Diluted income per share: | ||||||||||||||||||||
Income per share from continuing operations | $ | 4.77 | $ | 1.29 | $ | 3.30 | ||||||||||||||
Loss per share from discontinued operations | — | (0.06) | — | |||||||||||||||||
Net income per share | $ | 4.77 | $ | 1.23 | $ | 3.30 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 18, 2025 | Showing above |
| 2018 | Dec 21, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.