AI-generated · cited to primary sources · not investment advice
Broadcom Inc. (AVGO) Feb 2026 Filing Analysis
Does management do what it says?
The filing reports approximately $164.6 billion of remaining performance obligations at May 3, 2026, with approximately 30% expected to be recognized over the next 12 months. This is a changed base and percentage from the February commitment, but the filing does not reconcile the increase or explicitly identify this as a revised version of the earlier forecast. Because the recognition window remains open, delivery cannot yet be assessed. (3 in progress across 3 tracked commitments)
“Certain multi-year customer contracts in our semiconductor solutions segment and infrastructure software segment, including contracts where customers do not have termination rights, contain firmly committed amounts and the remaining performance obligations under these contracts as of February 1, 2026 were approximately $45.0 billion. We expect approximately 33% of this amount to be recognized as revenue over the next 12 months. For contracts with termination for convenience rights, our customers generally do not exercise those rights. Accordingly, our remaining performance obligations disclosed above are not indicative of revenue for future periods.”
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