Advanced Micro Devices vs Broadcom (AMD vs AVGO)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Broadcom is the larger company by revenue ($63.9B vs $34.6B) and market value ($1.6T vs $917.8B). Broadcom has grown revenue faster over the last 4 fiscal years (+132.7% cumulative vs +110.8%). Broadcom runs the higher operating margin (39.9% vs 10.7%). Broadcom trades at the lower trailing P/E (45.4x vs 154.5x).
About Advanced Micro Devices
Advanced Micro Devices Inc (AMD) designs and manufactures high-performance computing products including CPUs, GPUs, APUs, and SoCs for various markets. Its products serve data centers, client computing, gaming, and embedded systems, providing solutions for AI infrastructure, cloud computing, gaming, and industrial applications. AMD also develops software stacks and offers customized solutions to support AI and high-performance computing workloads.
About Broadcom
Broadcom Inc. designs, develops, and supplies semiconductor and semiconductor-based solutions along with infrastructure software solutions. Its products include digital and mixed signal devices, network interface cards, switches, and modules used in data centers, networking equipment, wireless devices, and storage systems. Broadcom serves business and government customers, including hyperscalers, original equipment manufacturers, and system integrators across markets such as networking connectivity, wireless device connectivity, servers and storage systems, and broadband.
Head to head (AMD FY2025 vs AVGO FY2025)
| Metric | AMDFY2025 | AVGOFY2025 |
|---|---|---|
| Revenue | $34.64B | $63.89B |
| Revenue growth (YoY) | 34.3% | 23.9% |
| Gross margin | 49.5% | 67.8% |
| Operating margin | 10.7% | 39.9% |
| Net margin | 12.5% | 36.2% |
| Net income | $4.33B | $23.13B |
| Diluted EPS | $2.65 | $4.77 |
| FCF margin | 19.4% | 42.1% |
| ROE | 6.9% | 28.4% |
| Long-term debt / equity | 0.04× | 0.76× |
| Market cap | $917.83B | $1.64T |
| P/E | 154.5× | 45.4× |
Fundamentals are from each company’s SEC filings (AMD FY2025, AVGO FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| AMD | $16.43B | $23.60B | $22.68B | $25.79B | $34.64B |
| AVGO | $27.45B | $33.20B | $35.82B | $51.57B | $63.89B |
Peer standing
Where each company ranks among the 88 semiconductor companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | AMD | AVGO |
|---|---|---|
| Gross margin | 49.5%61st percentile of 78 | 67.8%90th percentile of 78 |
| Operating margin | 10.7%67th percentile of 79 | 39.9%96th percentile of 79 |
| Net margin | 12.5%71st percentile of 80 | 36.2%96th percentile of 80 |
| FCF margin | 19.4%74th percentile of 78 | 42.1%95th percentile of 78 |
| Revenue growth (YoY) | +34.3%79th percentile of 87 | +23.9%66th percentile of 87 |
| ROE | 6.9%61st percentile of 75 | 28.4%92nd percentile of 75 |
| P/E | 154.5×93rd percentile of 43 | 45.4×57th percentile of 43 |
| Long-term debt / equity | 0.04×23rd percentile of 45 | 0.76×82nd percentile of 45 |
| Short interest (days to cover) | 1.63d13th percentile of 88 | 2.32d28th percentile of 88 |
Short interest
| FINRA settlement data | AMD | AVGO |
|---|---|---|
| Shares sold short | 39.3M | 54.2M |
| Change vs prior settlement | -1.7% | +4.4% |
| Days to cover | 1.63 | 2.32 |
| As of settlement | 2026-09-30 | 2026-09-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | AMD | AVGO |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 77 ($105.5M) | 16 ($250.0M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
19 tracked 13F managers hold both Advanced Micro Devices and Broadcom as of their latest quarterly filings: AQR Capital Management, ARK Investment Management, Appaloosa, Bridgewater Associates, Citadel Advisors, Coatue Management, D. E. Shaw, Gotham Asset Management, Harris Associates (Oakmark), Maverick Capital, Millennium Management, Point72 Asset Management and 7 more. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.