Broadcom Inc. (AVGO)
Broadcom supplies networking, broadband, and custom silicon alongside a large enterprise-software portfolio anchored by VMware. The company is a key beneficiary of demand for AI-focused data-center connectivity.
AVGO vs SWKS: how the two businesses compare
- Bigger business: AVGO, with $63.9B of yearly revenue, about 16× SWKS's $4.1B.
- More cash from each sale: AVGO turns 43 cents of each sales dollar into operating cash flow, against 32 cents at SWKS.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Broadcom (AVGO) is the larger business by reported revenue: $63.9B in its fiscal year ended Nov 2025, about 16× SWKS's $4.1B (fiscal year ended Oct 2025). Both file with the SEC under the same industry code, SIC 3674 (Semiconductors & Related Devices).
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Semiconductors & Related Devices
- Same classification
- Different
- AVGO November 1 · SWKS October 2
- Jan 30, 2026
AVGO vs SWKS: quick comparison
| Company fact | AVGO | SWKS |
|---|---|---|
| Company | Broadcom Inc. | Skyworks Solutions, Inc. |
| Exchange | NASDAQ | NASDAQ |
| Headquarters | Palo Alto, California | — |
| Founded | 1961 | — |
| SEC industry | Semiconductors & Related Devices | Semiconductors & Related Devices |
| Fiscal year-end | November 1 | October 2 |
| Latest annual filing | 10-K · 2025-12-18 | 10-K/A · 2026-01-30 |
AVGO vs SWKS: audited financials
- Scale: AVGO's $63.9B of revenue is about 16× SWKS's $4.1B.
- Cash conversion: operating cash flow equalled AVGO 43.1% of revenue; SWKS 31.8% of revenue, or 2.73× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 1 month apart (2025-11-02 for AVGO, 2025-10-03 for SWKS), so each figure reflects somewhat different demand and cost conditions.
| Metric | AVGO | SWKS |
|---|---|---|
| Revenue | $63.9B2024-11-04 to 2025-11-02 · SEC filing | $4.1B2024-09-28 to 2025-10-03 · SEC filing |
| Net income | $5.9B2023-10-30 to 2024-11-03 · SEC filing | $477M2024-09-28 to 2025-10-03 · SEC filing |
| Operating cash flow | $27.5B2024-11-04 to 2025-11-02 · SEC filing | $1.3B2024-09-28 to 2025-10-03 · SEC filing |
| Diluted EPS | $4.772024-11-04 to 2025-11-02 · SEC filing | $3.082024-09-28 to 2025-10-03 · SEC filing |
| Net margin | — | 11.7%2024-09-28 to 2025-10-03 · SEC filing |
AVGO: FY ending 2025-11-02 · SWKS: FY ending 2025-10-03. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where AVGO and SWKS overlap, and where they don't
Overlap
- Same SEC industry: both report under SIC 3674, Semiconductors & Related Devices.
- Shared research theme: Tariffs & trade.
Differences
- Offset fiscal calendars: AVGO's year ends November 1 and SWKS's October 2, about 1 month apart.
- Only AVGO maps to Artificial intelligence.
- Scale: AVGO reported about 16× the annual revenue of SWKS.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Skyworks Solutions, Inc. (SWKS)
Skyworks designs radio-frequency chips that enable wireless connectivity in smartphones and other connected devices.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves AVGO
- Custom AI accelerator (XPU) and Ethernet networking demand from hyperscalers
- Concentration among the top five end customers and major distributors
- VMware Cloud Foundation subscription transition
- Interest expense and debt paydown after the VMware acquisition
What moves SWKS
We have not yet published a company-specific driver list for SWKS. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K/A filed 2026-01-30.
The investment question
You now know AVGO reports about 16× SWKS's revenue. Those are the facts. The investment question is what each share price already assumes about their exposure to tariffs & trade, including “Custom AI accelerator (XPU) and Ethernet networking demand from hyperscalers” at AVGO, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. AVGO's fiscal year ends November 1, while SWKS's ends October 2. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 89 matched transaction rows for AVGO and 4 matched transaction rows for SWKS. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
AVGO primary filings
SWKS primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
AVGO vs SWKS FAQs
Are AVGO and SWKS direct competitors?
Broadcom and Skyworks Solutions share the SEC industry classification “Semiconductors & Related Devices.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Is AVGO or SWKS the bigger company by revenue?
Broadcom (AVGO) is the larger business by reported revenue: $63.9B in its fiscal year ended Nov 2025, about 16× SWKS's $4.1B (fiscal year ended Oct 2025). Both file with the SEC under the same industry code, SIC 3674 (Semiconductors & Related Devices). Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, AVGO or SWKS?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this AVGO vs SWKS comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Broadcom Inc. and Skyworks Solutions, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
AVGO vs SWKS compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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