Semiconductors and electronics · 16/36 against 22/36 checks · to 2026-09-08
AVGO vs MU.
BroadcomDesigns networking and custom AI chips, and owns VMware's infrastructure software.
MicronMakes memory chips: DRAM and NAND for servers, phones and PCs, a deeply cyclical business.→Broadcom (AVGO) and Micron (MU) are within reach of each other at $1.75T and $1.13T, and on the filings Micron passes more, 22 checks of 36 against 16.
Which passes more checks?
widest gap first→The two are furthest apart on Trend analysis, where Micron passes 5 more of the six.
| AVGO | MU | |
|---|---|---|
| Trend analysis | 0/6 | 5/6 |
| Value | 0/6 | 1/6 |
| Growth | 2/6 | 3/6 |
| Shareholder returns | 2/6 | 1/6 |
| Quality | 6/6 | 6/6 |
| Health | 6/6 | 6/6 |
| All checks | 16/36 | 22/36 |
→Micron turns over $90.3B to Broadcom's $75.5B, 1.2 times as much. Broadcom keeps 38.8% of revenue as profit against 55.9% at Micron.
Which is cheaper?
→Micron is the cheaper of the two on earnings, 22.3x against 53.7x. Against their own histories, Broadcom is above its 26.6x median and Micron is above its 7.0x.
| AVGO | MU | |
|---|---|---|
| Share price | $368.56 | $1000.26 |
| Market cap | $1.75T | $1.13T |
| P/E | 53.7x | 22.3x |
| P/E, own median own 4-year median / own 5-year median | 26.6x | 7.0x |
| P/S | 23.2x | 12.5x |
| Free cash flow yield | 1.9% | 2.3% |
Which is growing faster, AVGO or MU?
| AVGO | MU | |
|---|---|---|
| Revenue (TTM) | $75.5B | $90.3B |
| Revenue growth, 1 year | - | +167.0% |
| Revenue CAGR, 3 years | - | - |
| Net income (TTM) | $29.3B | $50.5B |
| Free cash flow (TTM) | $32.8B | $26.2B |
Which hands more back to owners?
→Broadcom pays 0.4% at today's price and Micron effectively pays nothing, which is the clearest difference in what each hands back.
| AVGO | MU | |
|---|---|---|
| Dividend yield | 0.4% | 0.0% |
| Payout ratio | 26.1% | 0.9% |
| Years of unbroken dividend | - | - |
Which keeps more of each sale?
→Micron keeps more of each sale: gross margin of 72.6% against 68.3%, a gap of 4 points that flows into everything below it.
| AVGO | MU | |
|---|---|---|
| Gross margin | 68.3% | 72.6% |
| Operating margin | 43.4% | 65.6% |
| Return on equity | 33.4% | 50.1% |
Which balance sheet is stronger?
→Micron carries much the lighter balance sheet, 0.06x of debt to equity against 0.74x - which matters most in the year a downturn arrives, not this one.
| AVGO | MU | |
|---|---|---|
| Debt / equity | 0.74x | 0.06x |
| Interest coverage | 10.4x | 257.6x |
| Cash and short-term investments | $19.6B | $25.0B |
Where they differ most
the checks behind the gapTrend analysis: Micron 5 ahead
- Price above the Kumo cloud $1,000.26 against a cloud top of $953.46
- Price above the Tenkan and the Kijun $1,000.26 against the Tenkan (9 sessions) at $973.98 and the Kijun (26) at $905.58
- Tenkan above the Kijun Tenkan $973.98 above the Kijun $905.58, 17 sessions since they crossed
- Price above the Kumo cloud $368.56, below the cloud bottom of $383.35
- Price above the Tenkan and the Kijun $368.56 against the Tenkan (9 sessions) at $359.46 and the Kijun (26) at $387.53
- Tenkan above the Kijun Tenkan $359.46 below the Kijun $387.53, 14 sessions since they crossed
Value: Micron 1 ahead
- Earnings yield beats a long bond (4%) 4.5% vs 4.0%
- Earnings yield beats a long bond (4%) 1.9% vs 4.0%
- Free cash flow yield above 3% 1.9% vs 3.0%
- Cheap on enterprise value 53.94 vs 14.00 (peer median)