Broadcom reported $179B of remaining performance obligations at 2 Aug 2026, up 552% from a year earlier and up 9% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.49.
Net new backlog added in the latest quarter: $14.6B.
Over the last twelve months it turned about 191% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 7.3% of the backlog.
Twelve-month book-to-bill: 2.70, i.e. 2.70 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +503 points — orders are running ahead of revenue.
By backlog size it ranks 9th among US filers the cockpit tracks.
Broadcom backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Broadcom reported $179B of remaining performance obligations at 2 Aug 2026, up 552% from a year earlier and up 9% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.49.
How fast does Broadcom's backlog turn into revenue?
Over the last twelve months Broadcom recognised revenue equal to about 191% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.