AIDS‐related small noncleaved cell lymphoma (AIDS‐SNCCL) includes Burkitt's lymphoma (BL) and high‐grade B‐cell Burkitt‐like lymphoma (BLL). Due to the marked polymorphism of AIDS‐related non‐Hodgkin's lymphomas (AIDS‐NHL), the morphologic distinction between these two types of lymphomas is frequently controversial, although it may bear clinical relevance. Although the molecular features of AIDS‐BL have been clarified to a certain extent, the genetic peculiarities of AIDS‐BLL have not been investigated in detail. In this study we have compared morphologic and genetic features of AIDS‐BL and AIDS‐BLL in a blind coded fashion. Molecular studies were focused on the genetic lesions known to be implicated in AIDS‐NHL, including alterations of c‐MYC, BCL‐6, p53, deletions of 6q, as well as infection by EBV and HHV‐8. Alterations of c‐MYC occurred in 10/10 AIDS‐BL, whereas they were restricted to 2/10 AIDS‐BLL (P < 0.01). Mutations of p53 were present in 5/10 AIDS‐BL, whereas they were consistently absent among AIDS‐BLL (n = 10; P < 0.05). Infection by EBV occurred in 30% of both AIDS‐BL and AIDS‐BLL. Rearrangements of BCL‐6, deletions of 6q and infection by HHV‐8 scored consistently negative in both AIDS‐BL and AIDS‐BLL. Based on the genetic lesions tested, the molecular profile of AIDS‐BLL appears to be closer to that of AIDS‐related diffuse large cell lymphoma (AIDS‐DLCL) than to that of AIDS‐BL. In contrast to AIDS‐BLL, however, AIDS‐DLCL carried rearrangements of BCL‐6 in a fraction of cases (2/9). This study, the largest of its kind reported so far, suggests that AIDS‐BL and AIDS‐BLL have a different molecular pathogenesis and that characterization of genetic lesions may help to distinguish between these two lymphomas.