Technology • Semiconductors & Infrastructure Software • SIC 3674
$326.08 ▼ -18.92
(-5.48%)
MKT CAP: $1.55T • VOL: 36.41M
52W L $290 52W H $495
AVGO // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: Form 10-K (FY2025) // Item 1 Semiconductor Solutions & VMware
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM CRITICAL
Taiwan Semiconductor Manufacturing Co.
FOUNDRY / INFRA • Primary Wafer Foundry (~90% of Wafer Fabrication & CoWoS)
EST. COGS / CAPEX SHARE 90%
EVIDENCE: 10-K Item 1A (TSMC Fabricates ~90% of Broadcom Wafers)
SNPS HIGH
Synopsys / Cadence EDA & SerDes IP
SUPPLIER • EDA Design Automation Tools for 3nm/2nm Custom ASICs
EST. COGS / CAPEX SHARE 12%
EVIDENCE: 10-K R&D Custom Silicon Design Ecosystem
CORE VALUE-CHAIN HUB NASDAQ
AVGO // Broadcom Inc.
GROSS MARGIN
68.8%
OP MARGIN
48.0%
ROIC %
24.7%
MKT CAP
$1.55T
UPSTREAM INPUTS ──► AVGO OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
GOOGL <GO>
REV SHARE: ~18%
Alphabet Inc. (Google TPU Silicon)
CUSTOMER • Co-Engineered Custom Tensor Processing Units (TPU v5/v6/v7)
EVIDENCE: 10-K AI Custom Accelerator (XPU) Customer Concentration
AAPL <GO>
REV SHARE: ~17%
Apple Inc.
CUSTOMER • FBAR RF Front-End Filters & Wi-Fi/Bluetooth Combo Chips
EVIDENCE: 10-K Note 15 (~17-20% Aggregate Apple/Foxconn Revenue Concentration)
META <GO>
REV SHARE: ~11%
Meta Platforms, Inc.
CUSTOMER • MTIA Custom AI Silicon & Tomahawk 5 Ethernet Switching
EVIDENCE: 10-K Hyperscale AI Networking & Custom XPU Disclosures
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| AVGO ★ | Broadcom Inc. | $326.08 | $1.55T | 68.8% | 48.0% | 24.7% | 34.1x | +48.7% | SUBJECT ISSUER |
| NVDA | NVIDIA Corporation | $204.64 | $4.98T | 74.7% | 65.2% | 65.1% | 23.4x | +83.4% | AVGO VS NVDA <GO> |
| ORCL | Oracle Corporation | $130.67 | $405.97B | — | 32.1% | 11.4% | 17.9x | +21.6% | AVGO VS ORCL <GO> |
| AAPL | Apple Inc. | $344.63 | $5.07T | 48.6% | 33.2% | 81.4% | 30.3x | +14.2% | AVGO VS AAPL <GO> |
| MSFT | Microsoft Corporation | $521.91 | $3.88T | 67.7% | 47.1% | 26.5% | 19.9x | +17.9% | AVGO VS MSFT <GO> |
| AMD | Advanced Micro Devices, Inc. | $504.80 | $811.65B | 53.2% | 15.7% | 7.8% | 113.5x | +39.5% | AVGO VS AMD <GO> |
| PLTR | Palantir Technologies Inc. | $184.11 | $446.32B | 84.8% | 42.8% | 26.9% | 159.0x | +78.9% | AVGO VS PLTR <GO> |