AVGO · 10-Q · 2026Q3 · Full report

Supply Chain And Inventory

Broadcom Inc. · 2026-09-10 · Importance 75 · Surprise 64

Broadcom increased inventory to $4,523 million at August 2, 2026 from $2,270 million at November 2, 2025, an increase of approximately 99%. Management attributed the build primarily to supporting higher expected shipments of AI-related semiconductor solutions. Accounts payable also increased to $4,000 million from $1,560 million, primarily reflecting the timing of inventory purchases and payments. The inventory build indicates proactive preparation for elevated AI accelerator and networking shipments rather than a disclosed demand slowdown.

Key facts

• Inventory increased to $4,523 million at August 2, 2026 from $2,270 million at November 2, 2025 primarily to support higher expected shipments for AI-related semiconductor solutions. source
• Trade accounts receivable, net increased to $13,707 million at August 2, 2026 from $7,145 million at November 2, 2025. source
• Accounts payable increased to $4,000 million at August 2, 2026 from $1,560 million at November 2, 2025. source