How this ADI vs AVGO comparison is calculated

All metrics are based on trailing twelve months (TTM) financial data, consensus analyst estimates, and standardized valuation ratios. Data is sourced from Financial Modeling Prep and SEC EDGAR. Figures are normalized to ensure a fair comparison between Analog Devices, Inc. and Broadcom Inc.. Analyst price targets and ratings are aggregated from Wall Street consensus as of 2026-05-19.

Quick verdict: Analog Devices, Inc. vs Broadcom Inc. in 2026

Broadcom Inc. (AVGO) emerges as the clear growth leader, exhibiting superior top-line expansion and operational efficiency. Conversely, Analog Devices, Inc. (ADI) presents a more attractive valuation profile based on certain fundamental metrics, even as both trade at elevated multiples. Analysts lean towards Broadcom Inc. (AVGO), assigning it a higher percentage of ‘Buy’ ratings and a more significant projected upside, though the overall picture suggests a competitive landscape. Not investment advice.

Analog Devices, Inc. vs Broadcom Inc.: key metrics side by side

A full side-by-side look at Analog Devices, Inc. (ADI) and Broadcom Inc. (AVGO) across earnings multiples, profitability, revenue momentum, and analyst sentiment — data updated 2026-05-19.

Relative valuation: ADI vs AVGO

When assessing the relative valuation of Analog Devices, Inc. against Broadcom Inc., several key metrics come into focus. ADI currently trades at an earnings multiple of 75.29x, slightly more favorable than AVGO’s 78.06x. While both P/E ratios are elevated, indicating high market expectations for future growth, this modest gap suggests that Broadcom Inc. carries a marginally richer price tag relative to its trailing earnings. Investors seeking a slight discount on earnings might find Analog Devices, Inc. more appealing in this particular aspect.

However, the comparison becomes starker when examining the price-to-book (P/B) ratio. Analog Devices, Inc. exhibits a P/B multiple of 6.03x, which is considerably lower than Broadcom Inc.’s substantial 24.41x. This indicates that ADI trades at a significantly lower premium to its book value, potentially offering a more attractive entry point from a balance sheet perspective. Furthermore, while both companies show a substantial negative DCF upside (ADI at -52.9% and AVGO at -52.1%), suggesting they are currently trading far above their intrinsic value based on current consensus data, the slightly less negative figure for Broadcom Inc. doesn’t translate into a meaningful valuation advantage. The lower P/B for Analog Devices, Inc. stock provides a clearer fundamental discount, positioning it as carrying a more attractive valuation despite the high earnings multiple.

Revenue momentum: Analog Devices, Inc. vs Broadcom Inc.

Examining the top-line expansion for these two semiconductor giants reveals a clear leader in revenue momentum. Broadcom Inc. has demonstrated robust growth, with its revenue increasing by an impressive 23.9% year-over-year to $63.89 billion. This strong performance highlights AVGO’s ability to capitalize on market demand and expand its operational footprint. Its strategic acquisitions and diverse product portfolio seem to be contributing significantly to this accelerated revenue trajectory, indicating a powerful business development path.

In contrast, Analog Devices, Inc. reported a solid, yet comparatively lower, revenue growth of 16.9% to $11.02 billion. While this represents a healthy increase for ADI, it trails Broadcom Inc.’s pace of expansion. Beyond just sales figures, operational efficiency, as indicated by EBITDA margins, also favors AVGO, which boasts a 57.0% margin compared to Analog Devices, Inc.’s 46.99%. This superior EBITDA margin suggests that Broadcom Inc. is not only growing faster but also converting a larger portion of its revenue into operational earnings. However, it is crucial for investors to remember that this gap in growth trajectory, while significant now, may not persist indefinitely as market dynamics and competitive landscapes can always shift.

Profitability and cash generation: ADI vs AVGO

When evaluating the profitability and cash generation capabilities of these two technology behemoths, distinct profiles emerge. Broadcom Inc. stands out with a superior net margin of 36.57%, significantly outperforming Analog Devices, Inc.’s 23.02%. This indicates that AVGO is considerably more efficient at converting its revenue into net income, reflecting potentially better cost management or higher-margin product offerings. The higher net profitability of Broadcom Inc. underscores its robust operational leverage within the competitive semiconductor industry.

However, when we turn our attention to free cash flow yield, Analog Devices, Inc. shows a stronger performance at 2.24% compared to Broadcom Inc.’s 1.49%. A higher free cash flow yield suggests that ADI is generating more cash relative to its market capitalization, which can be an attractive feature for investors prioritizing cash conversion and financial flexibility. Both companies currently report N/A% for Return on Equity (ROE), indicating that this metric is not available for a direct comparison based on the provided data. Despite Broadcom Inc.’s higher net profitability, Analog Devices, Inc. demonstrates a slightly more efficient cash generation relative to its valuation, offering a compelling characteristic for those focused on capital efficiency.

Wall Street view: Analog Devices, Inc. vs Broadcom Inc. analyst ratings

The consensus from Wall Street analysts provides a revealing insight into market sentiment for Analog Devices, Inc. and Broadcom Inc.. Analysts appear to have a strong preference for AVGO, with an impressive 89.7% of covering analysts issuing a ‘Buy’ rating. This overwhelming positive sentiment translates into a consensus target price of $457.84, suggesting a potential upside of +11.4% from its current trading price. The higher percentage of ‘Buy’ recommendations and the positive price target indicate strong confidence in Broadcom Inc.’s future performance and growth prospects, reflecting expectations for continued market leadership and strong financial results.

Analog Devices, Inc., while still largely favored by analysts, garners a slightly less enthusiastic endorsement compared to its counterpart. ADI holds a respectable 79.6% ‘Buy’ rating among analysts, signaling a generally positive outlook. However, the consensus target price for Analog Devices, Inc. is $397.17, which represents a slight potential downside of -4.6% from its current valuation. This negative projected return suggests that analysts believe ADI may be trading at or slightly above its fair value currently, based on their models. It’s important to remember that these price targets and buy ratings may vary depending on future estimate revisions and overall market conditions.

Which investor profile fits ADI vs AVGO?

For the **growth investor**, seeking companies with robust top-line expansion and significant market opportunity, Broadcom Inc. (AVGO) presents a more compelling profile. With its higher revenue growth of 23.9% compared to Analog Devices, Inc.’s 16.9%, and a superior EBITDA margin of 57.0%, Broadcom Inc. demonstrates a stronger growth trajectory and operational efficiency. The market’s enthusiasm, reflected in a higher percentage of ‘Buy’ ratings and a positive analyst price target upside of +11.4%, further underscores its appeal for those prioritizing future earnings potential and market leadership. AVGO’s strategic positioning in critical technology sectors allows it to capture a greater share of expanding markets.

For the **value investor**, who focuses on fundamental discounts and companies trading below their intrinsic worth, Analog Devices, Inc. (ADI) might appear more attractive despite both stocks trading at high multiples. ADI exhibits a P/B ratio of 6.03x, significantly lower than AVGO’s 24.41x, indicating a more reasonable valuation relative to its book assets. While both companies are notably overvalued based on their discounted cash flow (DCF) models (ADI at -52.9% and AVGO at -52.1%), Analog Devices, Inc. offers a slightly better P/E ratio of 75.29x compared to Broadcom Inc.’s 78.06x. These metrics suggest that while neither is a deep value play, ADI offers a comparatively less stretched valuation profile for those with a long-term perspective.

As for the **income investor**, whose primary goal is regular dividend income, neither Analog Devices, Inc. nor Broadcom Inc. currently stands out as an ideal candidate. Both ADI and AVGO offer an identical, minimal dividend yield of 0.01%. This suggests that both companies are prioritizing reinvestment into their businesses for growth rather than returning significant capital to shareholders through dividends. Income-focused investors would likely need to look elsewhere for substantial yield. This is not investment advice. Always do your own research.

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