AMD vs Broadcom
Broadcom reported revenue of $63.9 billion in fiscal 2025, 1.8 times AMD's $34.6 billion in fiscal 2025. AMD's revenue grew 34.3% in its latest year, and Broadcom's grew 23.9%. AMD had an operating margin of 10.7%, against 39.9% at Broadcom. Free cash flow was $6.7 billion at AMD and $26.9 billion at Broadcom. Their fiscal years end in different months (December 27 and November 2), so the periods don't line up exactly.
Side by side
| AMD | Broadcom | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 27, 2025 | FY2025, Nov 2, 2025 |
| Revenue | $34.6B | $63.9B |
| Revenue growth | 34.3% | 23.9% |
| Revenue growth a year, last 5 years | 28.8% | 21.7% |
| Gross margin | 49.5% | 67.8% |
| Operating margin | 10.7% | 39.9% |
| Net margin | 12.5% | 36.2% |
| Free cash flow | $6.7B | $26.9B |
| Free cash flow margin | 19.4% | 42.1% |
| Return on capital | 6.7% | 19.9% |
| Net debt to EBITDA | −1.0x | 1.4x |
| Dividends and buybacks | $1.3B | $13.6B |
| Change in diluted share count | −0.1% | 1.6% |
| Last close | $531.28 | $329.17 |
| P/E at the last close | 136.6× | 42.0× |
| Insider trades, last 12 months | sold $378.1 million | bought $698,700, sold $1.2 billion |
| Piotroski F-score | 8 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AMDBroadcom
Operating margin
Percent of revenue
AMDBroadcom
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AMDBroadcom