AVGO vs. LRCX: Broadcom vs. Lam Research Stock Comparison

November 11, 2026

How do Broadcom (AVGO) and Lam Research (LRCX) 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 Lam Research (LRCX) both belong to the Semiconductors & Semiconductor Equipment industry, though AVGO is classified under Semiconductors while LRCX falls under Semiconductor Materials & Equipment.

Company profile comparison for Broadcom (AVGO) and Lam Research (LRCX)
Profile Item	AVGO	LRCX
Name	Broadcom Inc.	Lam Research Corp.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductor Materials & Equipment
Market Capitalization	1,401.97 billion USD	250.84 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	August 6, 2009	May 4, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

AVGO

LRCX

GSPC

Broadcom (AVGO) vs. Lam Research (LRCX), 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 Lam Research (LRCX). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
Total Return (1Y)	-8.02%	36.98%
Total Return (3Y, Annualized)	53.49%	50.75%
Total Return (5Y, Annualized)	44.26%	29.74%

Risk Profile

Drawdown History

AVGO

LRCX

GSPC

Broadcom (AVGO) vs. Lam Research (LRCX), 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 Lam Research (LRCX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
Volatility (1Y, Annualized)	48.06%	68.85%
Beta (5Y)	1.50	2.02
Max Drawdown (5Y)	-41.15%	-57.22%
Avg. Volume (3M)	23.75M	9.82M

Risk-Adjusted Performance

Risk-Return Positioning

AVGO and LRCX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
Sharpe Ratio (1Y)	-0.26	0.47
Sortino Ratio (1Y)	-0.35	0.69

Profitability

ROE (TTM)

Both companies show strong equity returns, but Lam Research (LRCX) at 70.12% is the standout with ROE above its industry range; Broadcom (AVGO) at 44.25% also sits in the top quartile.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

70.12%

LRCX: 70.12%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Broadcom (AVGO) at 42.94% and Lam Research (LRCX) at 32.34% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

32.34%

Max: 63.80%
LRCX: 32.34%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both Broadcom (AVGO) at 54.31% and Lam Research (LRCX) at 39.95% 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%

LRCX

Semiconductors & Semiconductor Equipment industry group

39.95%

Max: 58.66%
LRCX: 39.95%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
ROE (TTM)	44.25%	70.12%
ROA (TTM)	15.37%	25.01%
Net Margin (TTM)	42.94%	32.34%
Operating Margin (TTM)	54.31%	39.95%
Gross Margin (TTM)	75.52%	51.05%

Growth

Revenue Growth

Lam Research (LRCX) at 26.02% sits in the top revenue growth quartile, while Broadcom (AVGO) at 23.87% is closer to the peer norm — faster top-line expansion for LRCX.

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Broadcom (AVGO) at 287.80% clears its industry range for EPS growth, a much stronger earnings trajectory than Lam Research (LRCX) at 38.80%, which is closer to a typical peer reading.

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
Revenue Growth (YoY)	23.87%	26.02%
Revenue Growth (3Y CAGR)	24.38%	10.06%
EPS Growth (YoY)	287.80%	38.80%
EPS Growth (3Y CAGR)	21.60%	20.15%

Financial Strength

Current Ratio (MRQ)

Both Broadcom (AVGO) at 2.50 and Lam Research (LRCX) at 2.48 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

LRCX

Semiconductors & Semiconductor Equipment industry group

2.48

Max: 10.33
Q3: 5.62
Median: 3.33
LRCX: 2.48
Q1: 2.35
Min: 1.03

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Broadcom (AVGO) at 0.60 and Lam Research (LRCX) at 0.27 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

LRCX

Semiconductors & Semiconductor Equipment industry group

0.27

Max: 1.46
Q3: 0.65
LRCX: 0.27
Median: 0.27
Q1: 0.04
Min: 0.00

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
Current Ratio (MRQ)	2.50	2.48
Debt / Equity (MRQ)	0.60	0.27
Net Debt / EBITDA	0.68	-0.37

Dividends

Dividend Yield (TTM)

Broadcom (AVGO) at 0.89% delivers top-quartile income for its industry, while Lam Research (LRCX) at 0.60% pays a more typical yield — both are credible income propositions, AVGO the richer one.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

0.60%

Max: 1.37%
Q3: 0.65%
LRCX: 0.60%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Lam Research (LRCX) at 16.54% pays out a band-typical share of earnings, while Broadcom (AVGO) at 32.44% distributes more than its industry norm — less retained, thinner cover.

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%

LRCX

Semiconductors & Semiconductor Equipment industry group

16.54%

Max: 49.64%
Q3: 21.71%
LRCX: 16.54%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
Dividend Yield (TTM)	0.89%	0.60%
Dividend Payout Ratio (TTM)	32.44%	16.54%

Valuation

P/E Ratio (TTM)

Both Broadcom (AVGO) at 37.51 and Lam Research (LRCX) at 29.87 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

29.87

Max: 110.34
Q3: 66.81
Median: 37.02
LRCX: 29.87
Q1: 23.96
Min: 8.12

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

Lam Research (LRCX) at 9.60 is priced about in line with its industry on P/S ratio, while Broadcom (AVGO) at 15.73 sits in the pricier quartile — AVGO costs more per dollar of sales.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

9.60

Max: 21.42
Q3: 12.27
LRCX: 9.60
Median: 5.76
Q1: 2.73
Min: 0.00

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Broadcom (AVGO) at 14.06 sits in the upper P/B ratio quartile, and Lam Research (LRCX) at 18.00 prices even higher, above its industry range.

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

LRCX

Semiconductors & Semiconductor Equipment industry group

18.00

LRCX: 18.00
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Broadcom (AVGO) vs. Lam Research (LRCX): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Broadcom (AVGO) and Lam Research (LRCX)
Metric	AVGO	LRCX
P/E Ratio (TTM)	37.51	29.87
P/S Ratio (TTM)	15.73	9.60
P/B Ratio (MRQ)	14.06	18.00
Free Cash Flow Yield (TTM)	2.18%	1.81%