Broadcom vs Marvell Technology (AVGO vs MRVL)
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 $8.2B) and market value ($1.8T vs $257.9B). Broadcom has grown revenue faster over the last 4 fiscal years (+132.7% cumulative vs +83.6%). Broadcom runs the higher operating margin (39.9% vs 16.1%). Broadcom trades at the lower trailing P/E (46.3x vs 94.4x).
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.
About Marvell Technology
Marvell Technology, Inc. is a fabless semiconductor company that designs and supplies high-performance data infrastructure solutions for data centers and communications markets. Its products include custom ASICs, interconnects, ethernet solutions, fibre channel adapters, processors, and storage controllers used in cloud AI systems, networking equipment, storage systems, and carrier infrastructure. The company serves customers globally across various industries including cloud computing, enterprise networking, consumer electronics, and government applications.
Head to head (AVGO FY2025 vs MRVL FY2026)
| Metric | AVGOFY2025 | MRVLFY2026 |
|---|---|---|
| Revenue | $63.89B | $8.19B |
| Revenue growth (YoY) | 23.9% | 42.1% |
| Gross margin | 67.8% | 51.0% |
| Operating margin | 39.9% | 16.1% |
| Net margin | 36.2% | 32.6% |
| Net income | $23.13B | $2.67B |
| Diluted EPS | $4.77 | $3.07 |
| FCF margin | 42.1% | 17.0% |
| ROE | 28.4% | 18.7% |
| Long-term debt / equity | 0.76× | 0.28× |
| Market cap | $1.79T | $257.94B |
| P/E | 46.3× | 94.4× |
Fundamentals are from each company’s SEC filings (AVGO FY2025, MRVL FY2026). 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)
| AVGO by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $27.45B | $33.20B | $35.82B | $51.57B | $63.89B |
| Net income | $6.74B | $11.49B | $14.08B | $5.89B | $23.13B |
| Operating margin | 31.0% | 42.8% | 45.2% | 26.1% | 39.9% |
| MRVL by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $4.46B | $5.92B | $5.51B | $5.77B | $8.19B |
| Net income | $-421.0M | $-163.5M | $-933.4M | $-885.0M | $2.67B |
| Operating margin | -7.8% | 4.0% | -10.3% | -12.5% | 16.1% |
Broadcom and Marvell Technology use different fiscal calendars (AVGO's FY2025 ended 2025-11-02, MRVL's FY2026 ended 2026-01-31), so their fiscal years are shown separately rather than forced into one timeline.
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 | AVGO | MRVL |
|---|---|---|
| Gross margin | 67.8%91st percentile of 78 | 51.0%64th percentile of 78 |
| Operating margin | 39.9%97th percentile of 79 | 16.1%78th percentile of 79 |
| Net margin | 36.2%97th percentile of 80 | 32.6%95th percentile of 80 |
| FCF margin | 42.1%96th percentile of 78 | 17.0%71st percentile of 78 |
| Revenue growth (YoY) | +23.9%66th percentile of 87 | +42.1%84th percentile of 87 |
| ROE | 28.4%93rd percentile of 75 | 18.7%85th percentile of 75 |
| P/E | 46.3×53rd percentile of 44 | 94.4×74th percentile of 44 |
| Long-term debt / equity | 0.76×82nd percentile of 45 | 0.28×55th percentile of 45 |
| Short interest (days to cover) | 1.70d7th percentile of 88 | 1.70d7th percentile of 88 |
Short interest
| FINRA settlement data | AVGO | MRVL |
|---|---|---|
| Shares sold short | 51.9M | 31.3M |
| Change vs prior settlement | +2.9% | -17.9% |
| Days to cover | 1.70 | 1.70 |
| As of settlement | 2026-09-15 | 2026-09-15 |
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) | AVGO | MRVL |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 17 ($260.0M) | 7 ($13.3M) |
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
11 tracked 13F managers hold both Broadcom and Marvell Technology as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Maverick Capital, Millennium Management, Point72 Asset Management, Renaissance Technologies, Soros Fund Management, Two Sigma Investments. 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.