Broadcom vs Qualcomm — R&D Spend Comparison

Broadcom (AVGO) r&d spend was $11.0B in FY2025 (+18% YoY); Qualcomm (QCOM) r&d spend was $9.0B in FY2025 (+2% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Broadcom	Qualcomm
2025	$11.0B	$9.0B
2024	$9.3B	$8.9B
2023	$5.3B	$8.8B
2022	$4.9B	$8.2B
2021	$4.9B	$7.2B
2020	$5.0B	$6.0B
2019	$4.7B	$5.4B
2018	$3.8B	$5.6B
2017	$3.3B	$5.5B
2016	$2.7B	$5.2B
2015	—	$5.5B
2014	—	$5.5B
2013	—	$5.0B
2012	—	$3.9B
2011	—	$3.0B
2010	—	$2.5B
2009	—	$2.3B
2008	—	$2.3B
2007	—	$1.8B

Broadcom — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$11.0B	+18%
2024	$9.3B	+77%
2023	$5.3B	+7%
2022	$4.9B	+1%
2021	$4.9B	-2%
2020	$5.0B	+6%
2019	$4.7B	+25%
2018	$3.8B	+14%
2017	$3.3B	+23%
2016	$2.7B

Qualcomm — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$9.0B	+2%
2024	$8.9B	+1%
2023	$8.8B	+8%
2022	$8.2B	+14%
2021	$7.2B	+20%
2020	$6.0B	+11%
2019	$5.4B	-4%
2018	$5.6B	+3%
2017	$5.5B	+6%
2016	$5.2B	-6%
2015	$5.5B	+0%
2014	$5.5B	+10%
2013	$5.0B	+27%
2012	$3.9B	+31%
2011	$3.0B	+22%
2010	$2.5B	+5%
2009	$2.3B	+3%
2008	$2.3B	+25%
2007	$1.8B

Source: AVGO on EDGAR · QCOM on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.