Side by sideBroadcom (AVGO) and AMD (AMD)Memos of October 10, 2026
Broadcom vs AMD stock: the numbers side by side (October 2026)
How do Broadcom and AMD compare?
| Broadcom AVGO | AMD AMD | |
|---|---|---|
| Revenue growth | 23.9%Year to Nov 2025 | 34.3%Year to Dec 2025 |
| Operating margin | 39.9%Year to Nov 2025 | 10.7%Year to Dec 2025 |
| Free cash flow | 26,914US$ millions · Year to Nov 2025 | 5,519US$ millions · Year to Dec 2025 |
| Free cash flow yield | 1.6%Today (Oct 8, 2026) | 0.5%Today (Oct 9, 2026) |
| Net debt (− = net cash) | 48,958US$ millions · Year to Nov 2025 | -7,330US$ millions · Year to Dec 2025 |
| Dividend yield | 0.7%Today (Oct 8, 2026) | 0.0%Today (Oct 9, 2026) |
| P/E, last 12 months | 46.0xToday (Oct 8, 2026) | 158.3xToday (Oct 9, 2026) |
| P/E, next 12 months | 18.7xToday (Oct 8, 2026) | 38.7xToday (Oct 9, 2026) |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | AMD | The higher figure |
| Operating margin | Broadcom | The higher figure |
| Free cash flow | Broadcom | The higher figure |
| Free cash flow yield | Broadcom | The higher figure |
| Net debt (− = net cash) | AMD | The lower figure |
| Dividend yield | Broadcom | The higher figure |
| P/E, last 12 months | Broadcom | The lower figure |
| P/E, next 12 months | Broadcom | The lower figure |
What does each company do?
Broadcom sells semiconductors and infrastructure software.
Broadcom (AVGO), from our memo of October 10, 2026 · Broadcom stock forecast
AMD designs processors, graphics chips, AI accelerators—chips built for artificial-intelligence calculations—adaptive chips and networking products.
AMD (AMD), from our memo of October 10, 2026 · AMD stock forecast
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