Broadcom (AVGO) ranked second in both revenue growth and operating margin among six large chip companies over their latest four fiscal quarters, yet its stock fell 6.8% from October 28, 2025 to October 29, 2026 while all five rivals rose. Broadcom trades at a P/E of 43.0, the third highest of the five companies that can be compared, while Texas Instruments is at 40.0 with slower revenue growth of 20.3% versus Broadcom's 48.7%. AI semiconductor revenue reached $16.7 billion in fiscal Q3 2026, 56% of total revenue and up 221% from a year earlier. Management forecasts fiscal Q4 2026 revenue of $34.8 billion, including $21.7 billion from AI semiconductors, and Broadcom works with only six customers. The article suggests Broadcom's price may assume its growth will not stay at this pace.
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