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Broadcom loses court bid to suspend EU antitrust request for US legal papers

Broadcom loses court bid to suspend EU antitrust request for US legal papers

Via barchart.com

The EU General Court rejected the chipmaker's attempt to block an information request tied to its $69 billion VMware acquisition, escalating a regulatory battle with implications for tech and cloud markets.

Broadcom Inc. (AVGO) price

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Market cap
$1.6T (shares as of 2026-08-28)
P/E (trailing)
43.7 (EPS to 2026-08-02)
Annual revenue
$63.9B USD (FY ended 2025-11-02) 10-K
Annual revenue growth
+23.9% (FY ended 2025-11-02 vs FY ended 2024-11-03) 10-K
Annual net income
23,126,000,000 USD (FY ended 2025-11-02, consolidated) 10-K
Annual operating margin
39.9% (FY ended 2025-11-02)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Broadcom Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Broadcom Inc. AVGO · Price dated Oct 27, 2026 · tokenized AVGOx $342$1.6T43.7Unavailable$63.9BFY ended 2025-11-02 · 10-K+23.9%FY ended 2025-11-02 vs 2024-11-03 · 10-K23,126,000,000FY ended 2025-11-02, consolidated · 10-K39.9%FY ended 2025-11-02
Micron Technology Inc. MU · Price dated Oct 27, 2026 · tokenized MUx $929$1.1T12.5Unavailable$133.2BFY ended 2026-09-03 · 10-K+256.3%FY ended 2026-09-03 vs 2025-08-28 · 10-K84,969,000,000FY ended 2026-09-03, attributable to the company · 10-K74.6%FY ended 2026-09-03
Advanced Micro Devices Inc. AMD · Price dated Oct 27, 2026 · tokenized AMDx $560$914.6B143.7Unavailable$34.6BFY ended 2025-12-27 · 10-K+34.3%FY ended 2025-12-27 vs 2024-12-28 · 10-K4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K10.7%FY ended 2025-12-27
NVIDIA Corporation NVDA · Price dated Oct 27, 2026 · tokenized NVDAx $218$5.3T27.6Unavailable$215.9BFY ended 2026-01-25 · 10-K+65.5%FY ended 2026-01-25 vs 2025-01-26 · 10-K120,067,000,000FY ended 2026-01-25, attributable to the company · 10-K60.4%FY ended 2026-01-25

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 9:41 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Broadcom just lost a round in what’s shaping up to be one of the more consequential antitrust fights in European tech regulation. The EU General Court dismissed the company’s request to suspend an information demand from the European Commission, specifically one that seeks documents related to Broadcom’s US legal advisers.

The ruling effectively tells Broadcom that EU regulators can, in fact, ask for those papers. And that trying to challenge such requests could, in the court’s words, weaken enforcement efforts in EU competition law.

What’s actually happening here

Broadcom completed its acquisition of VMware in 2023, a deal that drew regulatory attention from the jump. Now the European Commission is investigating changes Broadcom made to VMware’s cloud service provider program after the merger closed.

The complaint driving the investigation comes from CISPE, the Cloud Infrastructure Services Providers in Europe, a trade group representing nearly 50 European cloud providers. Microsoft and Amazon sit as associate members.

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CISPE filed its latest complaint against Broadcom on March 19, 2026, alleging that post-merger changes to VMware’s cloud program have effectively excluded numerous European partners.

Broadcom challenged the European Commission’s information request on May 13, 2026. The company’s argument centered on the idea that handing over materials tied to US legal advisers should be off-limits. The court disagreed, finding the documents are likely relevant to the antitrust investigation.

Broadcom has maintained that it continues to invest in European VMware partners and has pushed back against CISPE’s characterization of market harm. The company has also pointed to collaborations aimed at providing alternative solutions to the major hyperscalers.

The legal privilege fight beneath the surface

In the US, communications with in-house legal counsel are generally privileged. The EU takes a narrower view, typically only extending privilege to communications with external, independent lawyers. Broadcom’s attempt to shield documents related to US legal advisers was, in effect, asking the EU court to respect American-style privilege norms. The court said no.

Why crypto and cloud investors should care

CISPE’s complaint alleges that Broadcom’s changes have reduced the number of viable cloud providers in Europe, which typically means higher prices and fewer alternatives for companies that depend on that infrastructure.

For Broadcom investors specifically, the $69 billion VMware acquisition was supposed to transform Broadcom into a diversified infrastructure powerhouse. If the European Commission ultimately finds antitrust violations, the remedies could range from behavioral commitments to structural changes that alter the economic logic of the deal.

The court’s refusal to grant interim measures means the investigation proceeds with full access to the disputed documents.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.