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Broadcom vs Qualcomm: AVGO and QCOM compared
Broadcom is the larger company: $29.6B of revenue in its latest quarter (Q3 FY26) against $10.3B for Qualcomm (Q4 FY26). Broadcom is growing faster (+86% against -8% a year earlier). Broadcom is more profitable, with an operating margin of 53.9% against 13.1%.
Where the money goes: AVGO and QCOM
Broadcom (AVGO) · Q3 FY26
Broadcom, Q3 FY26: revenue $29.6B (+86% year over year), operating margin 53.9%, net earnings $13.1B, operating cash flow $14.2B. The chart follows the revenue to costs, profit and cash.
Qualcomm (QCOM) · Q4 FY26
Qualcomm, Q4 FY26: revenue $10.3B (-8% year over year), operating margin 13.1%, net earnings $1.3B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| Broadcom (AVGO) | Qualcomm (QCOM) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q4 FY26 |
| Revenue | $29.6B | $10.3B |
| Revenue growth, Y/Y | +86% | -8% |
| Gross margin | 69.1% | — |
| Operating margin | 53.9% | 13.1% |
| Net earnings | $13.1B | $1.3B |
| Net margin | 44.2% | 12.1% |
| Operating cash flow | $14.2B | $2.7B |
| Free cash flow | $13.7B | $1.8B |
| Market value | $1.42T | $168.2B |
| P/E | 37.2× | 12.3× |
| Analysts’ mean target | $526.81 | $191.11 |
Where the revenue comes from
Broadcom
- Products: $24.3B (82%)
- Subscriptions and services: $5.3B (18%)
Questions
Which is bigger, Broadcom or Qualcomm?
Broadcom is the larger company: $29.6B of revenue in its latest quarter (Q3 FY26) against $10.3B for Qualcomm (Q4 FY26).
Is Broadcom or Qualcomm growing faster?
Broadcom is growing faster (+86% against -8% a year earlier).
Which is more profitable, Broadcom or Qualcomm?
Broadcom is more profitable, with an operating margin of 53.9% against 13.1%.
More: Broadcom earnings · how Broadcom makes money · Qualcomm earnings · how Qualcomm makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 10, 2026; 10-K filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.