Company RisksBroadcom faces risks such as the potential for future acquisitions not to bring the desired value or synergies, heightened US-China tensions affecting revenue, and susceptibility to rising interest rates due to a high net debt to equity ratio.
Financial PerformanceVMware revenue declined 19% year-over-year, potentially due to Broadcom's shift to 100% subscription licenses, which alters revenue recognition timing.
Market ConcentrationIncreased customer concentration as the Top-5 customers now account for approximately 40% of total revenue, up from about 35%.