Qualcomm (QCOM) vs Broadcom (AVGO): Stock Comparison
Data as of November 7, 2026. Refreshed weekly from SEC filings and market data.
Qualcomm is cheaper on earnings, at 12.9 times against 36.5; Broadcom keeps the higher net margin (42.9% against 31.6%); Broadcom grew revenue faster over the last year (48.7% against -2.6%); Qualcomm pays the higher dividend yield (2.2% against 0.9%). Qualcomm clears 4 of this site's 8 value filters and Broadcom 3. Figures are as of November 7, 2026; each is on the page below with its source.
How do Qualcomm and Broadcom compare on the numbers?
| Measure | Qualcomm (QCOM) | Broadcom (AVGO) | Clearer lead |
|---|---|---|---|
| Share price | $165.41 | $293.69 | |
| Market value | $176 billion | $1.40 trillion | |
| P/E ratio (trailing) | 12.9 | 36.5 | QCOM |
| PEG ratio | 7.41 | 0.63 | AVGO |
| Free-cash-flow yield | 4.9% | 2.8% | QCOM |
| Net profit margin | 31.6% | 42.9% | AVGO |
| Revenue growth, last year | -2.6% | 48.7% | AVGO |
| Return on equity | 50.3% | 43.9% | QCOM |
| Debt to equity | 0.50 | 0.60 | QCOM |
| Dividend yield | 2.2% | 0.9% | QCOM |
| Margin of safety (DCF) | -19.0% | -107.5% | QCOM |
| Value filters passed (of 8) | 4 | 3 | QCOM |
| Distance from 52-week high | -34.1% | -39.0% |
How have Qualcomm and Broadcom shares done against each other?
Qualcomm 100Broadcom 525
Each share price set to 100 on Nov 2021, to Nov 2026. Price only: dividends are not included.
From Nov 2021 to Nov 2026, Qualcomm shares are down 0% and Broadcom shares up 425%, so Broadcom has pulled ahead of Qualcomm by 426 points of the starting price. The deepest fall from a prior high in that window was 43% for Qualcomm and 33% for Broadcom.
| Period | Qualcomm (QCOM) | Broadcom (AVGO) |
|---|---|---|
| Last 1 year | -4.5% | -17.4% |
| Last 3 years | +37.9% | +233.4% |
| Last 5 years | +1.5% | +425.5% |
Which has grown faster, Qualcomm or Broadcom?
Over 5 years, Qualcomm grew revenue 13.5% a year and earnings per share 2.1% a year; Broadcom grew revenue 21.7% and earnings per share 46.8%. Its net margin averaged 23.0% at Qualcomm and 29.2% at Broadcom.
| Measure | Qualcomm (QCOM) | Broadcom (AVGO) |
|---|---|---|
| Latest fiscal year ended | Sep 2025 | Nov 2025 |
| Revenue, first year to latest | $23.5 billion to $44.3 billion | $23.9 billion to $63.9 billion |
| Revenue growth per year | 13.5% | 21.7% |
| Earnings per share, first year to latest | $4.52 to $5.01 | $0.70 to $4.77 |
| Earnings per share growth per year | 2.1% | 46.8% |
| Net margin, latest year | 12.5% | 36.2% |
| Net margin, average of the years | 23.0% | 29.2% |
| Free cash flow margin, latest year | 28.9% | 42.1% |
From each company's 10-K filings (SEC EDGAR), over its latest 5 years. Fiscal years end in different months, so each is shown for its own latest 5 years.
What growth does each share price assume?
| Measure | Qualcomm (QCOM) | Broadcom (AVGO) |
|---|---|---|
| Free cash flow growth the price implies | 12.4% a year | 26.8% a year |
| Free cash flow per share | $8.14 | $8.29 |
| Margin of safety on this site's DCF | -19.0% | -107.5% |
At $165.41, Qualcomm's price implies free cash flow growth of 12.4% a year, fading to 2.5% over 10 years. That is more growth than the 8% baseline.
At $293.69, Broadcom's price implies free cash flow growth of 26.8% a year, fading to 2.5% over 10 years. That is more growth than the 8% baseline.
The same model and baseline as every stock page. A price that asks for less growth is not a better company, only a lower bar to clear.
Where is each stronger?
Where Qualcomm leads
- Lower P/E: 12.9 against 36.5
- Higher free-cash-flow yield: 4.9% against 2.8%
- Higher return on equity: 50.3% against 43.9%
- Less debt for its equity: 0.50 against 0.60
- Higher dividend yield: 2.2% against 0.9%
- Higher margin of safety on this site's DCF: -19.0% against -107.5%
- More of the 8 value filters: 4 against 3
Where Broadcom leads
- Lower PEG: 0.63 against 7.41
- Higher net margin: 42.9% against 31.6%
- Faster revenue growth last year: 48.7% against -2.6%
- Faster revenue growth over its filed record: 21.7% against 13.5%
- Faster earnings-per-share growth over its filed record: 46.8% against 2.1%
- A higher net margin in its latest filed year: 36.2% against 12.5%
- A higher average net margin: 29.2% against 23.0%
- A higher free-cash-flow margin in its latest filed year: 42.1% against 28.9%
A lead needs a clear gap (10% apart on a ratio, 1 point on a percentage), so a rounding difference never names a winner. A lead on one measure is not a verdict on the company.
How do the businesses differ?
Qualcomm. Qualcomm designs the Snapdragon processors and modems used in most Android smartphones and licenses the patents behind modern mobile wireless standards. It is also expanding into cars, PCs and other connected devices.
Broadcom. Broadcom designs chips for data-center networking, custom AI accelerators, broadband and wireless, and sells enterprise infrastructure software after buying VMware in 2023. Software is now a large share of its revenue and profit.
Both are in the Semiconductors industry on this site.
What stands out about Qualcomm
- Misses 1 of the 8 value filters. It fails PEG Ratio < 1.5 (7.41); the other 4 pass and 3 were not evaluated.
- The margin of safety is falling. It went from -7% on Oct 7 to -19% on Nov 7 across 8 weekly readings.
- Strongest against peers: P/E ratio. At 12.9× (peer median 35.3×) it ranks 3rd of 19 among semiconductors stocks this site tracks.
What stands out about Broadcom
- Misses 3 of the 8 value filters. It fails Trailing P/E < 25 (36.48), Price/Book < 8 (14.00) and Price/Sales < 7 (15.67); the other 3 pass and 2 were not evaluated.
- The margin of safety is rising. It went from -170% on Oct 7 to -107% on Nov 7 across 8 weekly readings.
- Close to its 52-week low. At $293.69, AVGO is 0.7% above its low of $291.53 and 39.0% below its high of $481.57.
Frequently asked questions about Qualcomm and Broadcom
Which is cheaper, Qualcomm or Broadcom?
On trailing earnings, Qualcomm is cheaper: Qualcomm trades at 12.9 times and Broadcom at 36.5 times. On free cash flow, the yields are 4.9% and 2.8%. Cheaper is not the same as better value: read the growth each price assumes below.
Which pays the higher dividend, Qualcomm or Broadcom?
Qualcomm pays the higher yield: Qualcomm 2.2% and Broadcom 0.9% over the last year.
Which has grown faster, Qualcomm or Broadcom?
Over their latest filed five years, Qualcomm grew revenue 13.5% a year and Broadcom 21.7%; earnings per share grew 2.1% and 46.8% a year.
Which has more debt, Qualcomm or Broadcom?
Broadcom has more debt for its equity: debt to equity is 0.50 for Qualcomm and 0.60 for Broadcom. A very high figure can also come from buybacks that shrank equity.
Which is more profitable, Qualcomm or Broadcom?
Broadcom keeps more of each sales dollar as profit: 31.6% for Qualcomm and 42.9% for Broadcom, with a return on equity of 50.3% and 43.9%.
Which passes more of the 8 value filters?
Qualcomm clears more: Qualcomm 4 of 8 and Broadcom 3 of 8. The filters are this site's own value rules, not a prediction.
Where do these numbers come from?
Prices, ratios and yield are from this site's weekly data as of November 7, 2026; growth and margins by year are from each company's 10-K filings (sources on Qualcomm and Broadcom). The DCF is the same model on every stock page. See Editorial Standards. Educational, not investment advice.