| Stage | AVGO | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $29.6B | 100.00% | $92.3B | 100.00% | MSFT ×3.12 |
| Gross profit | $20.5B | 69.13% | $62.6B | 67.79% | AVGO +1.3pp |
| Operating income | $16.0B | 53.92% | $45.9B | 49.76% | AVGO +4.2pp |
| Pre-tax income | $15.3B | 51.62% | $46.0B | 49.80% | AVGO +1.8pp |
| Net income | $13.1B | 44.23% | $36.6B | 39.69% | AVGO +4.5pp |
| Stage | AVGO | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $29.6B100.00% | $92.3B100.00% | MSFT ×3.12 |
| Gross profit | 69.13%$20.5B | 67.79%$62.6B | AVGO +1.3pp |
| Operating income | 53.92%$16.0B | 49.76%$45.9B | AVGO +4.2pp |
| Pre-tax income | 51.62%$15.3B | 49.80%$46.0B | AVGO +1.8pp |
| Net income |
| 44.23%$13.1B |
| 39.69%$36.6B |
| AVGO +4.5pp |
AVGO · ANET 10-KFeb 19 '25
“In particular, we are primarily reliant upon our predominant merchant silicon vendor, Broadcom, for our switching chips.”
MSFT · ANET 10-KFeb 19 '25
“For example, sales to our end customer Microsoft represented 20%, 18% and 16% of our total revenue for the years ended 2024, 2023 and 2022 respectively.”