Here are the earnings estimates, what experts are saying ahead of the report and the key items to watch.
• Broadcom shares are testing new highs. What’s driving AVGO to record levels?
Broadcom Q2 Earnings Estimates
Analysts expect Broadcom to report second-quarter revenue of $22.1 billion, up from $15 billion in last year's second quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in five straight quarters and in eight of the past 10 quarters overall.
Analysts expect Broadcom to report second-quarter earnings per share of $2.32, up from $1.58 in last year's second quarter.
The company has beaten analyst estimates for earnings per share in more than 20 straight quarters.
What Experts Are Saying About Broadcom Stock
JPMorgan analyst Harlan Sur reiterated an Overweight rating on Broadcom with a price target of $500 ahead of earnings.
The analyst said the company maintains its lead in AI networking silicon and is likely one to two steps ahead of competitors.
"We believe Broadcom's Ethernet networking silicon powers the largest AI clusters for Google, Amazon, Meta, Alibaba, Oracle, ByteDance, and Tencent, and now Anthropic TPU clusters and OpenAI ASIC clusters," Sur said.
The analyst said Broadcom's AI networking silicon revenue could more than double in fiscal 2027.
Freedom Capital Markets Chief Market Strategist Jay Woods said Broadcom is becoming one of the largest stocks in the world and likewise, a large weighting in some of the key market ...
