Side by sideBroadcom (AVGO) and IBM (IBM)Memos of October 10, 2026 and October 13, 2026
Broadcom vs IBM stock: the numbers side by side (October 2026)
How do Broadcom and IBM compare?
| Broadcom AVGO | IBM IBM | |
|---|---|---|
| Revenue growth | 23.9%Year to Nov 2025 | 7.6%2025 |
| Operating margin | 39.9%Year to Nov 2025 | 15.3%2025 |
| Free cash flow | 26,914US$ millions · Year to Nov 2025 | 11,455US$ millions · 2025 |
| Free cash flow yield | 1.6%Today (Oct 8, 2026) | 5.4%Today (Oct 13, 2026) |
| Dividend yield | 0.7%Today (Oct 8, 2026) | 3.0%Today (Oct 13, 2026) |
| P/E, last 12 months | 46.0xToday (Oct 8, 2026) | 20.2xToday (Oct 13, 2026) |
| P/E, next 12 months | 18.7xToday (Oct 8, 2026) | 17.3xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 554.13 (+55 %)October 2027 | 197.81 (-10 %)October 2027 |
| Weighted price forecast, about 3 years | 548.37 (+55 %)October 2029 | 212.75 (+3 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Broadcom | The higher figure |
| Operating margin | Broadcom | The higher figure |
| Free cash flow | Broadcom | The higher figure |
| Free cash flow yield | IBM | The higher figure |
| Dividend yield | IBM | The higher figure |
| P/E, last 12 months | IBM | The lower figure |
| P/E, next 12 months | IBM | The lower figure |
| Weighted price forecast, about 1 year | Broadcom | The higher weighted return |
| Weighted price forecast, about 3 years | Broadcom | The higher weighted return |
What does each company do?
Broadcom sells semiconductors and infrastructure software.
Broadcom (AVGO), from our memo of October 10, 2026 · Broadcom stock forecast
IBM sells software, consulting, computing systems and financing to organizations that depend on technology for essential work.
IBM (IBM), from our memo of October 13, 2026 · IBM stock forecast
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