Broadcom / NVIDIA / Marvell Technology / AMD

Growth is a number.
Momentum is the change.

Twelve reported quarters of revenue, free cash flow and GAAP net income—compared on scale, sequential growth and the pace of that growth.

Fiscal quarters, not calendar quarters.
Companies use different fiscal-year labels. Actual period-end dates accompany every observation.

Reported results only.
Latest 12 quarters available by September 24, 2026. No estimates or guidance in the data.

“Marvel” is interpreted as Marvell Technology (MRVL).

48 reported quarters across 4 companies3 financial metricsUSD billions unless notedOfficial releases linked throughout

01 / Current position

The latest quarter, side by side

QoQ = change from the preceding fiscal quarter.
Acceleration = change in the QoQ growth rate, in percentage points (pp).

FCF basis: Broadcom, NVIDIA and AMD reported reconciliations; Marvell calculated. AMD uses continuing-operations cash flow, excluding discontinued ZT manufacturing. NVIDIA also deducts asset principal payments and includes intangible purchases. See definitions and export for scope differences.

What stands out

02 / Momentum over time

Same lens. Different trajectories.

All four companies start at 0%: October 2023 for Broadcom, NVIDIA and Marvell; September 30, 2023 for AMD’s nearest fiscal quarter. Lines show change from that fixed baseline—not dollar amounts or quarter-over-quarter growth.

03 / Acceleration check

Is growth actually speeding up?

Positive acceleration means the growth rate increased; it does not necessarily mean the metric grew. Dollar changes remain meaningful when percentage comparisons do not.

Latest-quarter growth and acceleration by company and metric
Company / metric	Latest quarter	Value ($B)	Change ($B)	Prior QoQ	Latest QoQ	Acceleration	Read-through

04 / Every quarter, sourced

The twelve-quarter ledger

Quarter links open the original earnings releases. Amounts are $B; growth is %; acceleration is pp. Data are chronological, oldest to newest.

Company Scroll horizontally to see all metrics.

NM = percentage growth is not meaningful because the prior value is zero/negative or the current value is negative; acceleration is NM if either growth rate is NM. — = source data unavailable. The CSV includes unrounded $M data, operating cash flow, capital spending, cash-flow derivations and source URLs.

05 / Read the fine print

Definitions, timing and distortions

Growth versus acceleration

Growth measures a quarter’s change. Acceleration measures whether that growth rate is rising or falling.

QoQ growth = (current / prior − 1) × 100
Acceleration = current QoQ − prior QoQ

For example, moving from 10% to 15% growth is +5 pp acceleration, not 5% growth. Moving from −10% to −5% is also +5 pp acceleration, but the business is still contracting.

Two earlier quarters are included as calculation baselines, where verified, but are excluded from the 12-quarter tables and charts. Calculations use unrounded source values; display values are rounded. QoQ is not seasonally adjusted.

What “free cash flow” means here

Broadcom, NVIDIA and AMD use their published FCF reconciliations; Marvell FCF is calculated from its cash-flow statement. FCF is a non-GAAP liquidity measure, not earnings, and does not deduct acquisitions.

Broadcom / Marvell: operating cash flow − cash capex
AMD: continuing-operations cash flow − continuing-operations cash capex
NVIDIA: operating cash flow − cash capex − asset principal payments

Definitions differ: NVIDIA includes intangible-asset purchases and also deducts principal payments. AMD FCF and its exported CFO/capex exclude discontinued ZT manufacturing, while GAAP net income includes it. The export retains CFO-minus-cash-capex for all four companies on each stated scope; this removes NVIDIA’s principal-payment deduction but does not standardize discontinued-operations scope.

Cash-flow figures are quarter-only. Where a release reports cumulative year-to-date cash flow, the preceding year-to-date amount is subtracted; Q4 uses the full year less the first nine months.

Fiscal labels are not calendar labels

Companies’ 52/53-week calendars can change quarter lengths and end dates. Comparisons align roughly corresponding economic periods, not identically dated calendar quarters. No revenue, earnings or cash flow is reallocated into calendar quarters.

Net income needs context

Net income is GAAP, not “adjusted” or non-GAAP earnings. Stock compensation, acquisition amortization, taxes and one-time gains or charges can make earnings acceleration a poor proxy for operating momentum.

FCF is also affected by working-capital timing. Neither a single-quarter growth ranking nor this report is a valuation or investment recommendation.

06 / Evidence trail

Go straight to the source

One primary earnings-release link for every reported quarter, plus supporting statements where needed. Earlier baseline quarters are identified separately.

Show extraction evidence and per-quarter qualifications