By Trefis Team
Publication Date: 2026-05-12 08:47:00
Broadcom (AVGO) stock surged 107% in the last 12 months. What really happened?
Below is an analytical breakdown of stock movement into key contributing metrics.
| 5112025 | 5112026 | Change | |
|---|---|---|---|
| Stock Price ($) | 206.5 | 428.4 | 107.4% |
| Total Revenues ($ Mil) | 54,529.0 | 68,282.0 | 25.2% |
| Net Income Margin (%) | 18.5% | 36.6% | 98.0% |
| P/E Multiple | 96.3 | 81.3 | -15.5% |
| Shares Outstanding (Mil) | 4,695.0 | 4,741.0 | 1.0% |
| Cumulative Contribution | 107.4% |
So what is happening here? The stock surged 107%, driven by a 25% revenue jump and nearly doubling net income margin, even as the P/E multiple eased 16%. This strong financial performance set the stage for key developments ahead.
This captures the dynamics of the isolated period, but a stock’s primary drivers rarely remain static. The underlying setup can look entirely different when measuring how catalysts evolve across various timeframes.
Here Is Why…