Broadcom has a strong cash position and solid liquidity, which should help investors to sleep at night. The company ended fiscal Q2 with $9.8 billion in cash and $74 billion of gross debt. In the quarter, free cash flow rose 18% to $5.3 billion excluding merger integration and restructuring costs. The company's five-year free cash flow trend is positive, rising from $9.6 billion in 2019 to $18 billion last fiscal year, and 87.5% increase. As of 2023, Broadcom had a free cash flow margin of 50%, surpassing that of its peers.