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Broadcom vs QUALCOMM: Which Stock Looks Stronger in 2026?

QUALCOMM holds the cleaner structural position, with the lead spread across valuation and growth. Broadcom still leads on growth and stability, which keeps the comparison from looking entirely one-sided. In the market, Broadcom carries the stronger setup — intact trend against QUALCOMM's broken trend. That leaves a split case: the structural lead stays with QUALCOMM, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across valuation and profitability, rather than sitting in one isolated gap. The overall score gap is 11 points in favour of QUALCOMM Incorporated.

INDUSTRY COMPARISON

Both operate in: Semiconductors

This comparison is based on industry proximity, not on functional trajectory similarity. AVGO and QCOM share the same industry classification.

For a similarity-based comparison, see how Broadcom and QUALCOMM each position within their functional peer groups in AssetNext.

Peer-Relative Score
AVGO
Broadcom Inc.
56
Peer-Score
Signal qualityHigh
vs
QCOM
QUALCOMM Incorporated
67
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: AVGO vs QCOM Profitability 55 83 Stability 77 62 Valuation 39 79 Growth 61 32 AVGO QCOM
Gap Ranking
#1 Valuation +40
#2 Growth +29
#3 Profitability +28
#4 Stability +15
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AVGO and QCOM Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AVGOQCOM Relative valuation Structural strength

QUALCOMM Incorporated and Broadcom Inc. look relatively close on structure, but the price setup still leans toward QUALCOMM Incorporated.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
On valuation, QUALCOMM Incorporated ranks near the top of the group; Broadcom Inc. sits in the weaker half.
Growth
Broadcom Inc. sits in the stronger part of the group on growth, while QUALCOMM Incorporated is closer to mid-pack.
Valuation — Dominant Gap
AVGO
39
QCOM
79
Gap+40in favour of QCOM

The multiple-based pricing edge comes from a forward P/E that is 5.4 turns lower.

What keeps the gap from being one-sided

Earnings growth also leans the other way, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The valuation edge is decisive, even though current pricing and growth still lean somewhat toward Broadcom Inc..

Explore full peer positioning in AssetNext

Break down the AVGO vs QCOM comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how AVGO and QCOM each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.