AVGO
Broadcom Inc.
AVGO has the edge over HPE overall, supported by stronger valuation and stronger fundamentals.
HPE
Hewlett Packard Enterprise Company
HPE's outlook is improving, though it still trails on the overall score.
AVGO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AVGO's revenue, profitability, cash flow and balance sheet are all currently strong.
HPE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Stable |
HPE's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
AVGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $364 | — |
| Cheap | 27x | $211 | -42% |
| Current | 46x | $364 | — |
| Fair | 49x | $384 | +5.3% |
| Expensive | 86x | $671 | +84% |
Historical ranges are pointers, not guarantees.
AVGO has the edge over HPE in the historical PE scenario, which offers more potential upside but is not a forecast.
HPE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.4x | $12.41 | -75% |
| Forward | 11x | $50.16 | — |
| Fair | 16x | $30.89 | -38% |
| Expensive | 26x | $49.82 | -0.7% |
| Current | 26x | $50.16 | — |
Historical ranges are pointers, not guarantees.
HPE's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
AVGO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for AVGO, with profitability holding steady.
HPE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
HPE has the edge over AVGO on the outlook, with more favorable profitability expectations.
AVGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.23 | +145% |
| Q3 2026 | $7.84 | +100% |
| Q2 2026 | $6.01 | +125% |
| Q1 2026 | $5.13 | +145% |
| Q4 2025 | $4.77 | +288% |
| Q3 2025 | $3.92 | +241% |
| Q2 2025 | $2.67 | +15% |
| Q1 2025 | $2.09 | -23% |
| Q4 2024 | $1.23 | -63% |
AVGO has the edge over HPE on earnings, with more consistent year-over-year improvement.
HPE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.68 | +141% |
| Q3 2026 | $1.94 | +128% |
| Q2 2026 | $1.09 | +6.9% |
| Q1 2026 | -$0.17 | -108% |
| Q4 2025 | -$0.04 | -102% |
| Q3 2025 | $0.85 | -39% |
| Q2 2025 | $1.02 | -26% |
| Q1 2025 | $2.08 | +43% |
| Q4 2024 | $1.93 | +25% |
HPE's earnings per share have fallen from their peak: $1.94 over the past year, against $2.82 in mid-2022.
AVGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $29.6B | +86% |
| Q2 2026 | $22.2B | +48% |
| Q1 2026 | $19.3B | +29% |
| Q4 2025 | $18B | +28% |
| Q3 2025 | $16B | +22% |
| Q2 2025 | $15B | +20% |
| Q1 2025 | $14.9B | +25% |
| Q4 2024 | $14.1B | +51% |
AVGO has the edge over HPE on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 54% | +17 points |
| Q2 2026 | 49% | +9.8 points |
| Q1 2026 | 44% | +2.4 points |
| Q4 2025 | 42% | +8.8 points |
| Q3 2025 | 37% | +7.9 points |
| Q2 2025 | 39% | +15 points |
| Q1 2025 | 42% | +25 points |
| Q4 2024 | 33% | -13 points |
AVGO has the edge over HPE on profitability, with a higher operating margin.
HPE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.2B | +34% |
| Q2 2026 | $10.7B | +40% |
| Q1 2026 | $9.3B | +18% |
| Q4 2025 | $9.7B | +14% |
| Q3 2025 | $9.1B | +18% |
| Q2 2025 | $7.6B | +5.9% |
| Q1 2025 | $7.9B | +16% |
| Q4 2024 | $8.5B | +15% |
HPE's revenue has grown year over year for 10 quarters in a row: $12.2B last quarter, up 34% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +8.7 points |
| Q2 2026 | 7% | +22 points |
| Q1 2026 | 5% | -0.5 points |
| Q4 2025 | -0.1% | -8.3 points |
| Q3 2025 | 2.7% | -4.4 points |
| Q2 2025 | -15% | -20 points |
| Q1 2025 | 5.5% | -2.3 points |
| Q4 2024 | 8.2% | +1.3 points |
HPE's operating margin was 11% last quarter, up 8.7 points from the same quarter a year ago, near the top of its range since 2019.
AVGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.7B | +95% |
| Q2 2026 | $10.3B | +60% |
| Q1 2026 | $8B | +33% |
| Q4 2025 | $7.5B | +36% |
| Q3 2025 | $7B | +47% |
| Q2 2025 | $6.4B | +44% |
| Q1 2025 | $6B | +28% |
| Q4 2024 | $5.5B | +16% |
AVGO has the edge over HPE on cash flow, with more consistent year-over-year improvement.
HPE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $896M | +23% |
| Q2 2026 | $827M | +$1.8B |
| Q1 2026 | $609M | +$1.5B |
| Q4 2025 | $1.8B | +28% |
| Q3 2025 | $729M | +19% |
| Q2 2025 | -$1B | -289% |
| Q1 2025 | -$918M | -$326M |
| Q4 2024 | $1.4B | -34% |
HPE generated $4.2B in free cash flow over the past year, more than ten times what it generated the year before.
AVGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +11M shares |
| 1 year | +0.6% | +27M shares |
| 3 years | +14% | +617M shares |
| 5 years | +14% | +597M shares |
| Available history | +17% | +697M shares |
AVGO has the edge over HPE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $600M |
| Q1 2026 | $7.9B |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $2.5B |
| Q1 2025 | — |
| Q4 2024 | — |
AVGO spent $8.4B buying back its own shares over the past year, about three times what it spent the year before.
HPE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +17M shares |
| 1 year | +2% | +28M shares |
| 3 years | +10% | +133M shares |
| 5 years | +8.3% | +111M shares |
| Available history | +6.1% | +83M shares |
HPE has 1.4B diluted shares, up 2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $135M |
| Q2 2026 | $154M |
| Q1 2026 | $158M |
| Q4 2025 | $100M |
| Q3 2025 | — |
| Q2 2025 | $50M |
| Q1 2025 | $52M |
| Q4 2024 | $50M |
HPE spent $547M buying back its own shares over the past year, about four times what it spent the year before.
AVGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.7x | Healthy |
| Q4 2025 | 1.9x | Healthy |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.7x | Moderate |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 4.1x | High |
AVGO has the edge over HPE on leverage, with a lower net debt burden relative to earnings.
HPE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 6.4x | High |
| Q4 2025 | 7.2x | High |
| Q3 2025 | 6.9x | High |
| Q2 2025 | 2.0x | Healthy |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.7x | Very low |
HPE's net debt is about 2.3 years of its operating earnings (EBITDA), down from 6.9 years a year ago.
AVGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.3 | Neutral |
| Stochastic | 20.3 | Neutral |
AVGO's weekly RSI is 51 (neutral) and its Stochastic is 20 (neutral).
HPE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.0 | Neutral |
| Stochastic | 22.0 | Neutral |
HPE's weekly RSI is 50 (neutral) and its Stochastic is 22 (neutral).
AVGO PE vs Technology Sector
| Metric | AVGO | Sector median | Relative |
|---|---|---|---|
| PE | 46x | 28x | 67% above |
| PE % | 47 | 35 | 12 pts above |
AVGO is trading at 46x earnings, a 67% premium to the Technology sector's median of 28x.
HPE PE vs Technology Sector
| Metric | HPE | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 28x | 7.2% below |
| PE % | 83 | 35 | 48 pts above |
HPE has the edge over AVGO on valuation relative to its sector.
AVGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $338.0 | 7.8% above |
| 20 week MA | $362.1 | 0.6% above |
| 50 week MA | $363.0 | 0.4% above |
| 100 week MA | $313.8 | 16% above |
| 200 week MA | $214.3 | 70% above |
AVGO has the edge over HPE on trend strength, trading above more of its moving averages.
HPE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $58.5 | 14% below |
| 20 week MA | $54.6 | 8.1% below |
| 50 week MA | $38.8 | 29% above |
| 100 week MA | $29.6 | 70% above |
| 200 week MA | $23.5 | 114% above |
HPE has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 114% above its 200-week average.
AVGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.7 | $43.2 | +36% |
| 2021 | $43.2 | $66.5 | +54% |
| 2022 | $66.5 | $55.2 | -17% |
| 2023 | $55.2 | $111.6 | +102% |
| 2024 | $111.6 | $241.8 | +117% |
| 2025 | $241.8 | $352.1 | +46% |
| 2026 YTD | $352.1 | $364.4 | +3.5% |
AVGO has finished higher in five of the last six years, three of them by more than 50%. It's up 3.5% so far in 2026.
HPE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.9 | $11.8 | -26% |
| 2021 | $11.8 | $15.8 | +34% |
| 2022 | $15.8 | $15.8 | -0.1% |
| 2023 | $15.8 | $17.0 | +7.8% |
| 2024 | $17.0 | $21.7 | +28% |
| 2025 | $21.7 | $24.5 | +13% |
| 2026 YTD | $24.5 | $50.2 | +105% |
HPE has the edge over AVGO on returns for 2026, with the stronger performance.