By Vandita Jadeja
Publication Date: 2026-05-29 13:27:00
Quick Read
Broadcom (AVGO) reported Q1 FY2026 revenue of $19.31B, up 29.5% year over year, with AI semiconductor sales reaching $8.40B and growing 106%, expected to hit $10.7B in Q2.
Taiwan Semiconductor Manufacturing (TSM) posted consolidated revenue of $13.07B, up 17.5% versus the prior year, controlling 72% of global foundry market share and trading at a forward P/E of 27 versus Broadcom’s 38.
Broadcom’s custom AI accelerators are driving concentrated growth from a handful of hyperscaler customers, while TSMC benefits as the foundry toll collector supplying every major chip designer, making TSMC the lower-valuation play on broader AI demand.
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Broadcom (NASDAQ:AVGO) and Taiwan Semiconductor Manufacturing (NYSE:TSM) just reported quarters that put both stocks within striking distance of fresh 52-week highs. Broadcom designs custom AI…
