Side by sideBroadcom (AVGO) and Qualcomm (QCOM)Memos of October 10, 2026 and October 13, 2026
Broadcom vs Qualcomm stock: the numbers side by side (October 2026)
How do Broadcom and Qualcomm compare?
| Broadcom AVGO | Qualcomm QCOM | |
|---|---|---|
| Revenue growth | 23.9%Year to Nov 2025 | 13.7%Sep 2025 |
| Operating margin | 39.9%Year to Nov 2025 | 27.9%Sep 2025 |
| Free cash flow | 26,914US$ millions · Year to Nov 2025 | 12,820US$ millions · Sep 2025 |
| Free cash flow yield | 1.6%Today (Oct 8, 2026) | 6.9%Today (Oct 13, 2026) |
| Dividend yield | 0.7%Today (Oct 8, 2026) | 2.1%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) | 17.2xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 554.13 (+55 %)October 2027 | 142.82 (-16%)October 2027 |
| Weighted price forecast, about 3 years | 548.37 (+55 %)October 2029 | 224.14 (+35%)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 | Qualcomm | The higher figure |
| Dividend yield | Qualcomm | The higher figure |
| P/E, last 12 months | Qualcomm | The lower figure |
| P/E, next 12 months | Qualcomm | 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
Qualcomm sells Snapdragon phone platforms, automotive computing and connectivity, and industrial and networking products to manufacturers.
Qualcomm (QCOM), from our memo of October 13, 2026 · Qualcomm stock forecast
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