By Trefis Team
Publication Date: 2026-01-20 14:14:00
Broadcom Inc. (NASDAQ: AVGO) has significantly outperformed the broader market in the last twelve months, with a roughly 50% rise compared to the S&P 500’s 15%. This strong performance has been driven by booming demand for its custom AI chips and AI networking solutions, as well as the successful integration and financial contribution of its VMware acquisition.
Despite this recent surge, the stock has delivered substantial long-term growth, soaring over 550% since early 2023. This impressive long-term rally is primarily the result of two key factors:
- The company’s price-to-sales (P/S) ratio saw a significant 369% increase, climbing from 6 in 2022 to the current 26.
- Revenue grew substantially by 92%, rising from $33 billion to $64 billion.
- These positive drivers were partially offset by a 15% increase in the total number of outstanding shares, which now stands at 4.7 billion.
Our dashboard – Why Broadcom Stock Moved – has more details. We will delve deeper into the…
