AVGO · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

Broadcom Inc. · 2026-06-09 · Importance 69 · Surprise 64

The provision for income taxes was $820 million for the fiscal quarter and $1,666 million for the two fiscal quarters ended May 3, 2026, compared to $120 million and $107 million for the comparable prior-year periods. The substantial increase in the provision for income taxes in both the quarter and two-quarter periods was primarily due to higher income before income taxes. For the two fiscal quarters ended May 3, 2026, other income, net included a $315 million gain from the reversal of excise tax charges related to Broadcom's acquisition of VMware, which affected non-operating income.