Filing Flows › Comparisons › TSM vs AVGO
Taiwan Semiconductor Manufacturing vs Broadcom: TSM and AVGO compared
Taiwan Semiconductor Manufacturing is the larger company: $2.89T of revenue in its latest quarter (FY2024) against $29.6B for Broadcom (Q3 FY26). Broadcom is growing faster (+86% against +34% a year earlier). Broadcom is more profitable, with an operating margin of 53.9% against 45.7%.
Where the money goes: TSM and AVGO
Taiwan Semiconductor Manufacturing (TSM) · FY2024
Taiwan Semiconductor Manufacturing, FY2024: revenue $2.89T (+34% year over year), operating margin 45.7%, net earnings $1.16T, operating cash flow $1.83T. The chart follows the revenue to costs, profit and cash.
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.
| Taiwan Semiconductor Manufacturing (TSM) | Broadcom (AVGO) | |
|---|---|---|
| Latest quarter | FY2024 | Q3 FY26 |
| Revenue | $2.89T | $29.6B |
| Revenue growth, Y/Y | +34% | +86% |
| Gross margin | 56.1% | 69.1% |
| Operating margin | 45.7% | 53.9% |
| Net earnings | $1.16T | $13.1B |
| Net margin | 40.0% | 44.2% |
| Operating cash flow | $1.83T | $14.2B |
| Free cash flow | $870.2B | $13.7B |
| Market value | — | $1.42T |
| P/E | — | 37.2× |
| Analysts’ mean target | — | $526.81 |
Where the revenue comes from
Broadcom
- Products: $24.3B (82%)
- Subscriptions and services: $5.3B (18%)
Questions
Which is bigger, Taiwan Semiconductor Manufacturing or Broadcom?
Taiwan Semiconductor Manufacturing is the larger company: $2.89T of revenue in its latest quarter (FY2024) against $29.6B for Broadcom (Q3 FY26).
Is Taiwan Semiconductor Manufacturing or Broadcom growing faster?
Broadcom is growing faster (+86% against +34% a year earlier).
Which is more profitable, Taiwan Semiconductor Manufacturing or Broadcom?
Broadcom is more profitable, with an operating margin of 53.9% against 45.7%.
More: Taiwan Semiconductor Manufacturing earnings · how Taiwan Semiconductor Manufacturing makes money · Broadcom earnings · how Broadcom makes money
From the companies' latest 10-Q, 10-K or earnings release (20-F filed Apr 17, 2025; 10-Q filed Sep 10, 2026). Fiscal quarters can end on different dates. Not investment advice.