How much did Broadcom spend on buybacks in the first nine months of fiscal 2026?

Broadcom repurchased $8.45 billion in common stock during the first nine months of fiscal year 2026 (ended August 2, 2026), including $600 million in Q3 specifically. The exact number of shares repurchased and average price paid per share were not disclosed in this filing.

What authorization amount remains for future buybacks?

The filing does not disclose the current authorization amount, remaining authorization, or details of any new board authorization for share repurchases. Broadcom's forward-looking statements reference 'plans and expectations with regard to our share repurchases,' but no specific authorization details are provided in this earnings disclosure.

How do the buybacks affect Broadcom's capital allocation priorities?

Broadcom returned capital to shareholders through both repurchases ($8.45 billion year-to-date) and dividends ($9.28 billion year-to-date, or $0.65 per share quarterly). These returns were funded by strong free cash flow generation of $31.9 billion in the first nine months, while the company also manages $59.4 billion in total debt and maintains strategic capital expenditures.

What execution mechanism does Broadcom use for its buyback program?

The filing does not specify whether the repurchases are conducted under Rule 10b-18 open-market purchases, an accelerated share repurchase agreement, a 10b5-1 plan, or another mechanism. Broadcom typically discloses execution method details in its quarterly earnings releases or investor communications.

How does Broadcom's AI growth support the buyback capacity?

Broadcom's AI semiconductor revenue surged to $16.7 billion in Q3, representing 221 percent year-over-year growth. The company expects this momentum to accelerate further in Q4 to $21.7 billion, driving record consolidated revenue guidance of $34.8 billion. This exceptional cash generation provides financial flexibility for both buybacks and other capital allocation priorities.

Does this filing announce a new buyback authorization?

No. This filing is an earnings announcement (8-K) that reports the results and execution of ongoing buybacks during fiscal 2026 but does not announce, authorize, amend, or terminate any buyback program. New authorizations would typically be announced via separate press release or formal 8-K or proxy statement.

AVGO 8-K Filed 2026-09-02 Execution disclosure

Broadcom repurchased $8.45B in stock during first nine months of fiscal 2026

Semiconductor giant spent $600M on buybacks in Q3 as it reports record revenue and free cash flow amid AI demand surge

MechanismNot specified

What the filing says

Broadcom Inc. (NASDAQ: AVGO) repurchased $600 million in common stock during the third quarter of fiscal year 2026 (ended August 2, 2026), according to its earnings release filed as an 8-K on September 2, 2026. For the first nine months of fiscal 2026, the company executed $8.45 billion in share repurchases under its repurchase program, as disclosed in the condensed consolidated statements of cash flows.

The buyback activity occurred amid exceptional financial performance, with Broadcom reporting third-quarter revenue of $29.6 billion, up 86 percent year-over-year, and generating $13.7 billion in free cash flow (46 percent of revenue) during the quarter. The company's cash position strengthened to $24.0 billion at quarter-end, compared to $19.6 billion in the prior quarter. AI semiconductor revenue reached $16.7 billion in Q3, growing 221 percent year-over-year.

The filing does not disclose the specific execution mechanism, average price paid per share, total shares repurchased, or details of any new or expanded authorization. The company also paid $3.1 billion in cash dividends ($0.65 per share) during the quarter and approved a quarterly dividend of $0.65 per share payable September 30, 2026.

During the fiscal year, the Company generated $14.2 billion in cash from operations and spent $0.5 billion on capital expenditures, resulting in $13.7 billion of free cash flow. Repurchases of common stock - repurchase program totaled $8.45 billion for the three fiscal quarters ended August 2, 2026. — Broadcom Inc. 8-K filing · View on SEC EDGAR →

What this means

Broadcom's $8.45 billion in repurchases during the first three quarters of fiscal 2026 represents substantial capital return to shareholders despite the company's heavy debt position ($59.4 billion in total debt at quarter-end) and ongoing capital intensity. The buyback activity is consistent with management's forward-looking statements that mention "our plans and expectations with regard to our share repurchases" as part of forward-looking risk disclosures. With record free cash flow generation ($31.9 billion year-to-date) and accelerating AI demand driving revenue growth, the buyback supports per-share earnings accretion while maintaining investment in growth and debt service. The lack of granular disclosure on authorization details or mechanism is typical for quarterly execution reports absent new board authorization.

Frequently asked questions

How much did Broadcom spend on buybacks in the first nine months of fiscal 2026?: Broadcom repurchased $8.45 billion in common stock during the first nine months of fiscal year 2026 (ended August 2, 2026), including $600 million in Q3 specifically. The exact number of shares repurchased and average price paid per share were not disclosed in this filing.
What authorization amount remains for future buybacks?: The filing does not disclose the current authorization amount, remaining authorization, or details of any new board authorization for share repurchases. Broadcom's forward-looking statements reference 'plans and expectations with regard to our share repurchases,' but no specific authorization details are provided in this earnings disclosure.
How do the buybacks affect Broadcom's capital allocation priorities?: Broadcom returned capital to shareholders through both repurchases ($8.45 billion year-to-date) and dividends ($9.28 billion year-to-date, or $0.65 per share quarterly). These returns were funded by strong free cash flow generation of $31.9 billion in the first nine months, while the company also manages $59.4 billion in total debt and maintains strategic capital expenditures.
What execution mechanism does Broadcom use for its buyback program?: The filing does not specify whether the repurchases are conducted under Rule 10b-18 open-market purchases, an accelerated share repurchase agreement, a 10b5-1 plan, or another mechanism. Broadcom typically discloses execution method details in its quarterly earnings releases or investor communications.
How does Broadcom's AI growth support the buyback capacity?: Broadcom's AI semiconductor revenue surged to $16.7 billion in Q3, representing 221 percent year-over-year growth. The company expects this momentum to accelerate further in Q4 to $21.7 billion, driving record consolidated revenue guidance of $34.8 billion. This exceptional cash generation provides financial flexibility for both buybacks and other capital allocation priorities.
Does this filing announce a new buyback authorization?: No. This filing is an earnings announcement (8-K) that reports the results and execution of ongoing buybacks during fiscal 2026 but does not announce, authorize, amend, or terminate any buyback program. New authorizations would typically be announced via separate press release or formal 8-K or proxy statement.

execution mega-cap tech-sector semiconductor ai-growth fiscal-2026

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.