AVGO · 10-Q · 2026Q3 · Full report

Regulatory Change - IRA Excise Tax

Broadcom Inc. · 2026-09-10 · Importance 41 · Surprise 60

Broadcom recorded a $315 million gain during the first three fiscal quarters of 2026 from reversal of excise-tax charges related to its acquisition of VMware. The reversal followed final Inflation Reduction Act of 2022 regulations that exempted purchases of common stock in acquisitions from the excise tax. The filing identifies the regulatory change as the reason for the reversal.

Key facts

• Other income, net included a $315 million gain from the reversal of excise tax charges on our acquisition of VMware for the three fiscal quarters ended August 2, 2026. source