Cost of Revenue Trends: Broadcom Inc. vs Analog Devices, Inc.

Cost of Revenue Trends: A Tale of Two Giants

In the ever-evolving semiconductor industry, Broadcom Inc. and Analog Devices, Inc. have emerged as key players, each with distinct cost of revenue trajectories. Over the past decade, Broadcom's cost of revenue has surged by approximately 700%, peaking in 2024, reflecting its aggressive expansion and market dominance. In contrast, Analog Devices has experienced a more modest growth of around 290%, with a notable spike in 2022. This divergence highlights Broadcom's strategic investments and scaling efforts, while Analog Devices focuses on steady, sustainable growth.

A Decade of Change

From 2014 to 2024, Broadcom's cost of revenue consistently outpaced Analog Devices, underscoring its larger operational scale. However, Analog Devices' recent uptick suggests a potential shift in strategy, possibly aiming to capture new market segments. As the semiconductor landscape continues to evolve, these trends offer valuable insights into the strategic priorities of these industry titans.