Unpacking Q4 Earnings: Broadcom (NASDAQ:AVGO) In The Context Of Other Processors and Graphics Chips Stocks

Let’s dig into the relative performance of Broadcom (NASDAQ:AVGO) and its peers as we unravel the now-completed Q4 processors and graphics chips earnings season.

The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles.

The 9 processors and graphics chips stocks we track reported a very strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was above.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.7% since the latest earnings results.

Broadcom (NASDAQ:AVGO)

Originally the semiconductor division of Hewlett Packard, Broadcom (NASDAQ:AVGO) is a semiconductor conglomerate spanning wireless communications, networking, and data storage as well as infrastructure software focused on mainframes and cybersecurity.

Broadcom reported revenues of $19.31 billion, up 29.5% year on year. This print exceeded analysts’ expectations by 0.5%. Overall, it was a strong quarter for the company with revenue guidance for next quarter exceeding analysts’ expectations and a narrow beat of analysts’ adjusted operating income estimates.

"Broadcom achieved record first quarter revenue on continued strength in AI semiconductor solutions. Q1 AI revenue of $8.4 billion grew 106% year-over-year, above our forecast, driven by robust demand for custom AI accelerators and AI networking," said Hock Tan, President and CEO of Broadcom

Unsurprisingly, the stock is down 1.4% since reporting and currently trades at $313.22.

Read why we think that Broadcom is one of the best processors and graphics chips stocks, our full report is free.

Best Q4: Qorvo (NASDAQ:QRVO)

Formed by the merger of TriQuint and RF Micro Devices, Qorvo (NASDAQ: QRVO) is a designer and manufacturer of RF chips used in almost all smartphones globally, along with a variety of chips used in networking equipment and infrastructure.

Qorvo reported revenues of $993 million, up 8.4% year on year, in line with analysts’ expectations. The business had an exceptional quarter with a beat of analysts’ EPS and adjusted operating income estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 5.6% since reporting. It currently trades at $78.14.

Is now the time to buy Qorvo? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Qualcomm (NASDAQ:QCOM)

Having been at the forefront of developing the standards for cellular connectivity for over four decades, Qualcomm (NASDAQ:QCOM) is a leading innovator and a fabless manufacturer of wireless technology chips used in smartphones, autos and internet of things appliances.

Qualcomm reported revenues of $12.25 billion, up 5% year on year, in line with analysts’ expectations. It was a mixed quarter as it posted a significant improvement in its inventory levels but revenue guidance for next quarter missing analysts’ expectations significantly.

Qualcomm delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 12.4% since the results and currently trades at $130.44.

Read our full analysis of Qualcomm’s results here.

Intel (NASDAQ:INTC)

Inventor of the x86 processor that powered decades of technological innovation in PCs, data centers, and numerous other markets, Intel (NASDAQ:INTC) is a leading manufacturer of computer processors and graphics chips.

Intel reported revenues of $13.67 billion, down 4.1% year on year. This print surpassed analysts’ expectations by 2%. Overall, it was a strong quarter as it also recorded a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

Intel had the slowest revenue growth among its peers. The stock is down 18.5% since reporting and currently trades at $44.26.

Read our full, actionable report on Intel here, it’s free.

Nvidia (NASDAQ:NVDA)

Founded in 1993 by Jensen Huang and two former Sun Microsystems engineers, Nvidia (NASDAQ:NVDA) is a leading fabless designer of chips used in gaming, PCs, data centers, automotive, and a variety of end markets.

Nvidia reported revenues of $68.13 billion, up 73.2% year on year. This result beat analysts’ expectations by 2.9%. It was a very strong quarter as it also produced revenue guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

Nvidia pulled off the fastest revenue growth among its peers. The stock is down 10.6% since reporting and currently trades at $174.87.

Read our full, actionable report on Nvidia here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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