AVGO vs. LITE: Broadcom vs. Lumentum Stock Comparison

November 11, 2026

How do Broadcom (AVGO) and Lumentum (LITE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Broadcom (AVGO) and Lumentum (LITE) share the Information Technology sector but sit in different industry groups — AVGO in Semiconductors & Semiconductor Equipment and LITE in Technology Hardware & Equipment.

Company profile comparison for Broadcom (AVGO) and Lumentum (LITE)
Profile Item	AVGO	LITE
Name	Broadcom Inc.	Lumentum Holdings Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Technology Hardware & Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Communications Equipment
GICS Sub-Industry	Semiconductors	Communications Equipment
Market Capitalization	1,401.97 billion USD	48.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	August 6, 2009	July 23, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AVGO

LITE

GSPC

Broadcom (AVGO) vs. Lumentum (LITE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Broadcom (AVGO) and Lumentum (LITE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Broadcom (AVGO) and Lumentum (LITE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
Total Return (1Y)	-8.02%	150.31%
Total Return (3Y, Annualized)	53.49%	147.76%
Total Return (5Y, Annualized)	44.26%	45.47%

Risk Profile

Drawdown History

AVGO

LITE

GSPC

Broadcom (AVGO) vs. Lumentum (LITE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Broadcom (AVGO) and Lumentum (LITE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
Volatility (1Y, Annualized)	48.06%	101.27%
Beta (5Y)	1.50	1.73
Max Drawdown (5Y)	-41.15%	-66.48%
Avg. Volume (3M)	23.75M	5.27M

Risk-Adjusted Performance

Risk-Return Positioning

AVGO and LITE are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
Sharpe Ratio (1Y)	-0.26	1.44
Sortino Ratio (1Y)	-0.35	2.14

Profitability

ROE (TTM)

Lumentum (LITE) reports a negative ROE of -245.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Broadcom (AVGO) reports 44.25%, ranking against industry peers normally.

AVGO

Semiconductors & Semiconductor Equipment industry group

44.25%

Max: 52.82%
AVGO: 44.25%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

LITE

Technology Hardware & Equipment industry group

-245.79%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%
LITE: -245.79%

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their ROE against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Net Margin (TTM)

Lumentum (LITE) reports a negative net margin of -175.78%, usually indicating a net loss over the period. Meanwhile Broadcom (AVGO) reports 42.94%, ranking against industry peers normally.

AVGO

Semiconductors & Semiconductor Equipment industry group

42.94%

Max: 63.80%
AVGO: 42.94%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

LITE

Technology Hardware & Equipment industry group

-175.78%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%
LITE: -175.78%

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their net margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Operating Margin (TTM)

Both Broadcom (AVGO) at 54.31% and Lumentum (LITE) at 27.95% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

AVGO

Semiconductors & Semiconductor Equipment industry group

54.31%

Max: 58.66%
AVGO: 54.31%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

LITE

Technology Hardware & Equipment industry group

27.95%

Max: 36.27%
LITE: 27.95%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their operating margin against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Profitability Metrics

Profitability metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
ROE (TTM)	44.25%	-245.79%
ROA (TTM)	15.37%	9.19%
Net Margin (TTM)	42.94%	-175.78%
Operating Margin (TTM)	54.31%	27.95%
Gross Margin (TTM)	75.52%	47.98%

Growth

Revenue Growth

Lumentum (LITE) at 83.22% clears its industry range for revenue growth, far stronger top-line momentum than Broadcom (AVGO) at 23.87%, which is closer to a typical peer reading.

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Broadcom (AVGO) at 287.80% sits above its peer range for EPS growth; Lumentum (LITE) at -25,224.32% sits below its range, putting their earnings trajectories at opposite ends.

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
Revenue Growth (YoY)	23.87%	83.22%
Revenue Growth (3Y CAGR)	24.38%	19.48%
EPS Growth (YoY)	287.80%	-25,224.32%
EPS Growth (3Y CAGR)	21.60%	--

Financial Strength

Current Ratio (MRQ)

Both Broadcom (AVGO) at 2.50 and Lumentum (LITE) at 1.61 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

AVGO

Semiconductors & Semiconductor Equipment industry group

2.50

Max: 10.33
Q3: 5.62
Median: 3.33
AVGO: 2.50
Q1: 2.35
Min: 1.03

LITE

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
LITE: 1.61
Q1: 1.32
Min: 0.17

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their current ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Debt / Equity (MRQ)

Both Broadcom (AVGO) at 0.60 and Lumentum (LITE) at 0.31 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

AVGO

Semiconductors & Semiconductor Equipment industry group

0.60

Max: 1.46
Q3: 0.65
AVGO: 0.60
Median: 0.27
Q1: 0.04
Min: 0.00

LITE

Technology Hardware & Equipment industry group

0.31

Max: 1.76
Q3: 0.78
LITE: 0.31
Median: 0.24
Q1: 0.04
Min: 0.01

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their debt-to-equity ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
Current Ratio (MRQ)	2.50	1.61
Debt / Equity (MRQ)	0.60	0.31
Net Debt / EBITDA	0.68	-0.48

Dividends

Dividend Yield (TTM)

Lumentum (LITE) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Broadcom (AVGO) reports a yield of 0.89%, ranking against industry peers normally.

AVGO

Semiconductors & Semiconductor Equipment industry group

0.89%

Max: 1.37%
AVGO: 0.89%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their dividend yield against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Payout Ratio (TTM)

Lumentum (LITE) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Broadcom (AVGO) reports a payout of 32.44%, ranking against industry peers normally.

AVGO

Semiconductors & Semiconductor Equipment industry group

32.44%

Max: 49.64%
AVGO: 32.44%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

LITE

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
LITE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their payout ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Dividend Metrics

Dividend metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
Dividend Yield (TTM)	0.89%	0.00%
Dividend Payout Ratio (TTM)	32.44%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Broadcom (AVGO) trades at 37.51 times trailing earnings, ranked against its peers, while Lumentum (LITE) has no P/E ratio this period.

AVGO

Semiconductors & Semiconductor Equipment industry group

37.51

Max: 110.34
Q3: 66.81
AVGO: 37.51
Median: 37.02
Q1: 23.96
Min: 8.12

LITE

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
LITE: --

Broadcom (AVGO) vs. Lumentum (LITE): LITE does not report P/E ratio, so it has no value marker; AVGO is benchmarked against the Semiconductors & Semiconductor Equipment industry group.

P/S Ratio (TTM)

Both look expensive on sales: Broadcom (AVGO) at 15.73 sits in the upper P/S ratio quartile, and Lumentum (LITE) at 13.05 prices even higher, above its industry range.

AVGO

Semiconductors & Semiconductor Equipment industry group

15.73

Max: 21.42
AVGO: 15.73
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

LITE

Technology Hardware & Equipment industry group

13.05

LITE: 13.05
Max: 11.30
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their P/S ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

P/B Ratio (MRQ)

Both Broadcom (AVGO) at 14.06 and Lumentum (LITE) at 10.67 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

AVGO

Semiconductors & Semiconductor Equipment industry group

14.06

AVGO: 14.06
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

LITE

Technology Hardware & Equipment industry group

10.67

Max: 10.75
LITE: 10.67
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

Broadcom (AVGO) vs. Lumentum (LITE): A comparison of their P/B ratio against their respective Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment industry group benchmarks.

Valuation Metrics

Valuation metrics for Broadcom (AVGO) and Lumentum (LITE)
Metric	AVGO	LITE
P/E Ratio (TTM)	37.51	--
P/S Ratio (TTM)	15.73	13.05
P/B Ratio (MRQ)	14.06	10.67
Free Cash Flow Yield (TTM)	2.18%	0.29%