AVGO · 10-Q · 2026Q2 · Full report

Working Capital and Receivables

Broadcom Inc. · 2026-06-09 · Importance 88 · Surprise 82 · From source text

Working capital rose to $23,351 million at May 3, 2026 from $13,059 million at November 2, 2025, driven by higher trade accounts receivable and increased cash and cash equivalents. Trade accounts receivable, net increased to $10,830 million from $7,145 million primarily due to higher semiconductor revenue, the timing of billings and lower receivables sold through factoring arrangements. Cash and cash equivalents increased to $19,628 million from $16,178 million, largely reflecting $18,753 million in net cash provided by operating activities; the company used cash for repurchases and dividends but remains highly liquid. Other current liabilities also increased (to $13,139 million from $11,673 million) reflecting higher contract liabilities, partially offsetting the working capital increases.

Key facts

• Working capital increased to $23,351 million at May 3, 2026 from $13,059 million at November 2, 2025. source
• Trade accounts receivable, net increased to $10,830 million at May 3, 2026 from $7,145 million at November 2, 2025. source
• Other current assets increased to $7,427 million at May 3, 2026 from $5,980 million at November 2, 2025 primarily from higher software contract assets and prepaid taxes. source
• Other current liabilities increased to $13,139 million at May 3, 2026 from $11,673 million at November 2, 2025 primarily from higher contract liabilities. source

Impact estimates