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AVGO vs MRVL
Broadcom (AVGO) vs Marvell (MRVL) Earnings Recap: AI Powerhouses Post Record Results
Key Takeaways
- Broadcom reported Q1 FY2026 revenue of $19.3 billion, up 29% year-over-year, with AI revenue surging 106% to $8.4 billion.
- Marvell delivered record Q4 FY2026 revenue of $2.22 billion, up 22% year-over-year, driven by data center revenue of $1.65 billion (74% of total).
- Broadcom guides Q2 FY2026 revenue to $22 billion (+47% YoY); Marvell eyes FY2027 revenue approaching $11 billion (+30%+ YoY).
- Both companies beat estimates, highlighting robust AI infrastructure demand from hyperscalers.
- Broadcom announced a $10 billion share repurchase program and $0.65 quarterly dividend.
- Marvell's design wins hit record levels, positioning for accelerated growth in data center AI.
Earnings Context and Why This Comparison Matters
Both AVGO and MRVL are pivotal players in the semiconductor space, powering AI data centers with custom accelerators, networking, and connectivity solutions. Their recent earnings underscore the explosive growth in AI infrastructure, where demand from hyperscalers like Google, Meta, and others drives revenue. Comparing them reveals strengths in scale for Broadcom and rapid acceleration for Marvell, offering insights into AI chip trends, margins, and forward positioning amid intensifying competition.
Broadcom Focus
Broadcom Inc. reported first quarter fiscal year 2026 results (ended February 1, 2026), posting record revenue of $19.311 billion, a 29% increase year-over-year. Semiconductor revenue reached $12.5 billion (+52% YoY), fueled by AI semiconductor revenue of $8.4 billion, up 106% from the prior year, driven by custom AI accelerators and networking. Non-GAAP diluted EPS was $2.05, while GAAP net income hit $7.349 billion. Adjusted EBITDA margin expanded to 68% of revenue. The company guided second quarter revenue to approximately $22 billion (+47% YoY), with AI semiconductor revenue expected at $10.7 billion (+140% YoY) and Adjusted EBITDA at 68% of revenue. Broadcom also authorized a new $10 billion share repurchase program through 2026 and declared a $0.65 per share quarterly dividend.
Marvell Context
Marvell Technology Inc. announced fourth quarter and full fiscal year 2026 results (ended January 31, 2026), achieving record quarterly revenue of $2.219 billion (+22% YoY), with data center revenue at $1.651 billion (+21% YoY, 74% of total). Non-GAAP diluted EPS was $0.80; GAAP net income was $396.1 million. Full-year FY2026 revenue soared to $8.195 billion (+42% YoY), with non-GAAP EPS of $2.84 (+81% YoY). For Q1 FY2027, Marvell guided revenue to $2.4 billion (±5%) and non-GAAP EPS to $0.79 (±$0.05). Management expects FY2027 revenue to exceed $11 billion (+30%+ YoY), with accelerating quarterly growth, record design wins, and strength in data center interconnect, switching, storage, and custom AI. Recent acquisitions of Celestial AI and XConn Technologies bolster Q1 outlook.
Head-to-Head Earnings and Market Comparison
Broadcom's scale dwarfs Marvell's, with Q1 revenue nearly 9x larger and AI revenue over 5x higher, reflecting its diversified portfolio including infrastructure software (40% of revenue). Both posted non-GAAP EPS beats, but Broadcom's 68% EBITDA margin outpaces Marvell's implied ~60% gross margin, aided by higher-mix AI networking and custom chips. Growth drivers align on AI data centers: Broadcom eyes $100B+ AI chip revenue in 2027; Marvell projects 40% data center growth in FY2027. Risks include supply chain constraints and customer concentration, though design pipelines mitigate this. Market sentiment favors Broadcom's stability, but Marvell's 42% FY growth signals higher upside potential.
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Tickeron AI Verdict
Tickeron AI favors AVGO with 65% probability over the next 12 months, citing superior earnings quality, scale, 68% margins, $10B buyback support, and proven AI revenue trajectory exceeding $100B by 2027. Marvell offers higher growth volatility but trails in stability.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AVGO is a Hold and MRVL is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AVGO’s FA Score shows that 3 FA rating(s) are green whileMRVL’s FA Score has 2 green FA rating(s).
- AVGO’s FA Score: 3 green, 2 red.
- MRVL’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AVGO’s TA Score shows that 5 TA indicator(s) are bullish while MRVL’s TA Score has 3 bullish TA indicator(s).
- AVGO’s TA Score: 5 bullish, 5 bearish.
- MRVL’s TA Score: 3 bullish, 5 bearish.
Price Growth
AVGO (@Semiconductors) experienced а -1.12% price change this week, while MRVL (@Semiconductors) price change was +14.11% for the same time period.
The average weekly price growth across all stocks in the @Semiconductors industry was +4.47%. For the same industry, the average monthly price growth was +39.39%, and the average quarterly price growth was +81.10%.
Reported Earning Dates
AVGO is expected to report earnings on Jun 03, 2026.
MRVL is expected to report earnings on May 27, 2026.
Industries' Descriptions
@Semiconductors (+4.47% weekly)The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
| AVGO | MRVL | AVGO / MRVL | |
| Capitalization | 2.01T | 155B | 1,299% |
| EBITDA | 37.3B | 4.54B | 822% |
| Gain YTD | 23.109 | 115.113 | 20% |
| P/E Ratio | 82.88 | 57.62 | 144% |
| Revenue | 68.3B | 8.2B | 833% |
| Total Cash | 14.2B | 2.64B | 538% |
| Total Debt | 66.1B | 4.79B | 1,380% |
AVGO | MRVL | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 82 | 84 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 82 Overvalued | 76 Overvalued | |
PROFIT vs RISK RATING 1..100 | 9 | 28 | |
SMR RATING 1..100 | 30 | 47 | |
PRICE GROWTH RATING 1..100 | 13 | 35 | |
P/E GROWTH RATING 1..100 | 73 | 12 | |
SEASONALITY SCORE 1..100 | 43 | 90 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
MRVL's Valuation (76) in the Semiconductors industry is in the same range as AVGO (82). This means that MRVL’s stock grew similarly to AVGO’s over the last 12 months.
AVGO's Profit vs Risk Rating (9) in the Semiconductors industry is in the same range as MRVL (28). This means that AVGO’s stock grew similarly to MRVL’s over the last 12 months.
AVGO's SMR Rating (30) in the Semiconductors industry is in the same range as MRVL (47). This means that AVGO’s stock grew similarly to MRVL’s over the last 12 months.
AVGO's Price Growth Rating (13) in the Semiconductors industry is in the same range as MRVL (35). This means that AVGO’s stock grew similarly to MRVL’s over the last 12 months.
MRVL's P/E Growth Rating (12) in the Semiconductors industry is somewhat better than the same rating for AVGO (73). This means that MRVL’s stock grew somewhat faster than AVGO’s over the last 12 months.
| AVGO | MRVL | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 49% | 2 days ago 74% |
| Stochastic ODDS (%) | 2 days ago 56% | 2 days ago 70% |
| Momentum ODDS (%) | 2 days ago 87% | 2 days ago 84% |
| MACD ODDS (%) | 2 days ago 51% | 2 days ago 72% |
| TrendWeek ODDS (%) | 2 days ago 78% | 2 days ago 80% |
| TrendMonth ODDS (%) | 2 days ago 81% | 2 days ago 82% |
| Advances ODDS (%) | 15 days ago 80% | 2 days ago 77% |
| Declines ODDS (%) | 3 days ago 55% | 12 days ago 71% |
| BollingerBands ODDS (%) | 2 days ago 55% | 2 days ago 72% |
| Aroon ODDS (%) | 2 days ago 77% | 2 days ago 85% |
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| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| DGIN | 33.68 | 0.26 | +0.79% |
| VanEck Digital India ETF | |||
| SOXX | 530.03 | 1.74 | +0.33% |
| iShares Semiconductor ETF | |||
| EFFE | 26.87 | N/A | N/A |
| Harbor Osmosis Emerging Markets Resource Efficient ETF | |||
| KOKU | 129.25 | N/A | N/A |
| Xtrackers MSCI Kokusai Equity ETF | |||
| FLJH | 44.14 | -0.26 | -0.59% |
| Franklin FTSE Japan Hedged ETF | |||
AVGO and
Correlation & Price change
A.I.dvisor indicates that over the last year, AVGO has been closely correlated with LRCX. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if AVGO jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To AVGO | 1D Price Change % | ||
|---|---|---|---|---|
| AVGO | 100% | -3.32% | ||
| LRCX - AVGO | 69% Closely correlated | -4.82% | ||
| KLAC - AVGO | 68% Closely correlated | -4.68% | ||
| AMAT - AVGO | 65% Loosely correlated | -0.89% | ||
| AMKR - AVGO | 65% Loosely correlated | -2.41% | ||
| VECO - AVGO | 64% Loosely correlated | -1.58% | ||
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MRVL and
Correlation & Price change
A.I.dvisor indicates that over the last year, MRVL has been loosely correlated with LRCX. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if MRVL jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To MRVL | 1D Price Change % | ||
|---|---|---|---|---|
| MRVL | 100% | +2.60% | ||
| LRCX - MRVL | 65% Loosely correlated | +1.26% | ||
| ENTG - MRVL | 64% Loosely correlated | -3.99% | ||
| TOELY - MRVL | 63% Loosely correlated | -1.26% | ||
| KLAC - MRVL | 61% Loosely correlated | +2.34% | ||
| KLIC - MRVL | 61% Loosely correlated | -0.17% | ||
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