AVGO vs MRVL: AI Stock Comparison

Broadcom Inc. vs Marvell Technology, Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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Tie: both score 4/5 on AI exposure under our rubric; compare the catalysts and risks below. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: $MRVL has the earlier next catalyst (Dec 1, 2026).
$AVGO
Broadcom Inc.
Custom AI accelerators and Ethernet switching for hyperscalers.
$MRVL
Marvell Technology, Inc.
Custom silicon and optical DSPs for data-center AI.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 4/5
Shares outstanding4.77B
as of 2026-08-28 · 10-Q cover page · SEC filing
876.9M
as of 2026-08-21 · 10-Q cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
Revenue (latest quarter) $29.59B
10-Q period ended 2026-08-02; +86% y/y · SEC filing
Gross margin 69.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $15.96B
Same quarter; 54% operating margin · SEC filing
Revenue (latest quarter) $2.74B
10-Q period ended 2026-08-01; +37% y/y · SEC filing
Gross margin 53.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $459.7M
Same quarter; 17% operating margin · SEC filing
Next earnings
Dec 10, 2026 expected
Broadcom Inc. quarterly earnings · source
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Next catalyst
Dec 9, 2026
FOMC rate decision + projections · source
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Upcoming catalysts
Dec 9, 2026
FOMC rate decision + projections · source
Dec 10, 2026 expected
Broadcom Inc. quarterly earnings · source
Dec 1, 2026 expected
Marvell Technology, Inc. quarterly earnings · source
Most recent reportedNot yet announced / not on our calendar
Nov 2, 2026
Marvell to acquire Lumentum in all-stock deal (~$115B EV) · source
Combines electrical and optical AI connectivity; expected to close 1H 2028 pending approvals.
Key risks
  • “A significant reduction in demand from certain customers or loss of one or more of our significant customers may adversely affect our business.” — 10-K risk factor (filed 2025-12-18) · source
  • “Our substantial indebtedness could adversely affect our financial health and our ability to execute our business strategy.” — 10-K risk factor (filed 2025-12-18) · source
  • “Our sales are concentrated in a few large customers. If we lose or experience a significant reduction in sales to any of these key customers, if any of these key customers experience a…” — 10-K risk factor (filed 2026-03-11) · source
  • “Unfavorable or uncertain conditions in the Data Center and Communications markets may cause fluctuations in our rate of revenue growth or financial results.” — 10-K risk factor (filed 2026-03-11) · source
AI angle

Broadcom designs custom AI chips (XPUs) for a handful of hyperscalers and sells Tomahawk/Jericho Ethernet silicon for AI clusters, while VMware software adds a large non-AI revenue base.

Marvell's data-center segment (custom AI accelerators, electro-optics, switching) is its growth engine. The planned Lumentum acquisition, announced Nov 2, 2026, would add lasers and transceivers.

Full analysis: $AVGO →Full analysis: $MRVL →

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