AVGO vs NFLX: How Broadcom and Netflix Compare (2026)

Same yardstick, side by side (as of July 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. AVGO and NFLX share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined AVGO and NFLX exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Broadcom is one of the largest semiconductor companies in the world, plus a major enterprise software business after acquiring VMware in 2023. The semiconductor business has two main pieces. Networking and wireless silicon (Ethernet switches, optical components, custom ASICs for hyperscalers) is critical to AI data centers. Custom silicon (XPUs) for hyperscaler AI accelerators is a major growth driver: Broadcom designs custom AI chips for customers like Google (TPU), Meta (MTIA), and others.

Full AVGO guide

Netflix, Inc. is the world's largest subscription video streaming service, delivering movies, TV series, documentaries, and increasingly live events to more than 325 million paid memberships globally. It makes money primarily from recurring monthly subscription fees across tiered plans, and it has added a growing second revenue stream through advertising on its lower-priced ad-supported tier. The company spends heavily on content, both licensed and original, and its scale lets it amortize that spending across a huge global base, which is the core of its competitive advantage over smaller streamers.

Full NFLX guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• AVGO drivers: Custom AI accelerators (XPUs) for hyperscalers; AI networking silicon.
• NFLX drivers: Advertising as a second growth engine; Pricing power and paid sharing.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: Customer concentration in custom AI silicon (top customers are Google, Meta, possibly OpenAI). For NFLX, the dominant risk is valuation: Netflix trades at a premium multiple, so the stock prices in continued margin expansion and revenue diversification, and any stumble in growth or profitability could compress the multiple sharply.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick AVGO if you believe its drivers more; NFLX if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the AVGO and NFLX guides.

AVGO. Broadcom's premium valuation reflects the combination of dominant networking semiconductor positions, fast-growing custom AI silicon revenue, and high-margin enterprise software from VMware. P/E of 45x is high but supported by the AI-driven revenue acceleration.

NFLX. Figures are approximate, tied to the asOf date, and should be verified against live sources before acting. Netflix trades at a premium valuation relative to traditional media companies, so its multiple reflects expectations of continued double-digit revenue growth and margin expansion rather than a bargain price. The stock tends to react to revenue growth, operating margin, advertising traction, and engagement commentary rather than to subscriber counts, which the company no longer reports each quarter. A premium multiple leaves less room for error if growth slows.

Headline figures (approximate, early 2026): AVGO shows revenue (ttm) ~$60 billion (combined semis and software), operating margin ~50%, net income (ttm) ~$20 billion, eps (ttm) ~$4.30; NFLX shows q1 2026 revenue ~$12.25 billion, up ~16% year over year (approximate; verify live), paid memberships More than ~325 million globally; Netflix no longer reports this quarterly (approximate; verify live), 2026 revenue growth guide ~12% to 14% for the full year (approximate; verify live), operating margin target ~31.5% for 2026 (approximate; verify live).

AVGO and NFLX are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined AVGO and NFLX exposure against your real portfolio. It is not an investment adviser.