NVIDIA vs Broadcom: revenue, margins and valuation
NVIDIA and Broadcom share the fabless design model: each designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix. Latest reported quarterly revenue: NVIDIA US$96.2B in Q2 FY2027; Broadcom US$29.6B in Q3 2026.
Valuation
Market cap
Trailing P/Elower is better
P/Slower is better
Growth
Revenue growth
Peer median (20 companies): 46.5% · 18 with data
Profitability
Gross margin
Peer median (20 companies): 61.9% · 19 with data
Operating margin
Peer median (20 companies): 36.8%
Net margin
Peer median (20 companies): 30.7%
Diluted EPS
R&D % of revenue
Peer median (20 companies): 9.9% · 18 with data
Scale
Revenue
Operating income
Net income
R&D
Capex
Free cash flow
Net cash / net debt
Employees
Shares outstanding
| Metric | NVIDIA | Broadcom | Peer median(20 companies) |
|---|---|---|---|
| Valuation | |||
| Market cap | Leader. | ||
| Trailing P/Elower is better | Leader. | ||
| P/Slower is better | Leader. | ||
| Growth | |||
| Revenue growth | Leader. | 46.5%18 with data | |
| Profitability | |||
| Gross margin | Leader. | 61.9%19 with data | |
| Operating margin | Leader. | 36.8% | |
| Net margin | Leader. | 30.7% | |
| Diluted EPS | Leader. | ||
| R&D % of revenue | 9.9%18 with data | ||
| Scale | |||
| Revenue | Leader. | ||
| Operating income | Leader. | ||
| Net income | Leader. | ||
| R&D | |||
| Capex | |||
| Free cash flow | Leader. | ||
| Net cash / net debt | Leader. | ||
| Employees | |||
| Shares outstanding | |||
Valuation
- Calculated Price ÷ last four reported quarters of diluted EPS. Loss-making companies show N/M.
View sources (2)
- NVIDIA: NVIDIA 10-Q/10-K filings (EPS) · TTM to Q2 FY2027 (ended 26 Jul 2026) · published 26 Aug 2026
- Broadcom: Broadcom Q3 FY2026 10-Q · 12 Oct 2026 · published 9 Sept 2026
- Calculated Market cap ÷ trailing-twelve-month revenue.
View sources (2)
- NVIDIA: NVIDIA 10-Q/10-K filings (revenue) · TTM to Q2 FY2027 (ended 26 Jul 2026) · published 26 Aug 2026
- Broadcom: Broadcom Q3 FY2026 10-Q · 12 Oct 2026 · published 9 Sept 2026
Growth
- Calculated Change versus the same period a year earlier.
View sources (2)
- NVIDIA: NVIDIA Form 10-Q filed 26 Aug 2026 · Q2 FY2027 · published 26 Aug 2026
- Broadcom: Broadcom Form 10-Q filed 10 Sep 2026 · Q3 2026 · published 10 Sept 2026
Profitability
- Calculated Gross profit ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
- NVIDIA: NVIDIA Form 10-Q filed 26 Aug 2026 · Q2 FY2027 · published 26 Aug 2026
- Broadcom: Broadcom Form 10-Q filed 10 Sep 2026 · Q3 2026 · published 10 Sept 2026
- Calculated Operating income ÷ revenue, GAAP/IFRS unless labelled otherwise.
View sources (2)
- NVIDIA: NVIDIA Form 10-Q filed 26 Aug 2026 · Q2 FY2027 · published 26 Aug 2026
- Broadcom: Broadcom Form 10-Q filed 10 Sep 2026 · Q3 2026 · published 10 Sept 2026
- Calculated Net income ÷ revenue for the same period (Silicon Analytica calculation unless the company states it).
View sources (2)
- NVIDIA: NVIDIA Form 10-Q filed 26 Aug 2026 · Q2 FY2027 · published 26 Aug 2026
- Broadcom: Broadcom Q3 FY2026 results release · Q3 2026 · published 2 Sept 2026
- Calculated R&D ÷ revenue for the same period.
View sources (2)
- NVIDIA: NVIDIA Form 10-Q filed 26 Aug 2026 · Q2 FY2027 · published 26 Aug 2026
- Broadcom: Broadcom Form 10-Q filed 10 Sep 2026 · Q3 2026 · published 10 Sept 2026
Scale
View sources (2)
- NVIDIA: NVIDIA Form 10-Q filed 26 Aug 2026 · Q2 FY2027 · published 26 Aug 2026
- Broadcom: Broadcom Form 10-Q filed 10 Sep 2026 · Q3 2026 · published 10 Sept 2026
Revenue mix
NVIDIA
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Broadcom
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Each company's own classification and latest fiscal year with a stored split; categories differ between companies and are never added together.
Period ends — NVIDIA: 26 Jul 2026 · Broadcom: 2 Aug 2026. Valuation multiples remain trailing.
Copper underline: the leader among values for comparable periods. Higher is better, except P/E and P/S, where the lower positive multiple leads. R&D, capex, employees and shares have no leader. Peer median uses the latest quarter of the 20 covered companies and is shown for ratios only. “—” means neither the figure nor its inputs are stored; hover or tap for the missing input. Values marked Calculated are Silicon Analytica calculations from stored reported figures.
How to read this comparison
Business models. These companies share the fabless design model and are broadly comparable, subject to product mix and definitions. NVIDIA designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix; Broadcom designs chips while outsourcing wafer manufacturing; revenue depends on product demand and mix.
Accounting and periods. Latest reported quarter ends — NVIDIA: 2026-07-26 · Broadcom: 2026-08-02. Each value retains its period, status and source; adjusted measures remain separate. Same-mode periods within 100 days are compared; valuation multiples remain trailing.
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