Observed Signal · Mar 4, 2026 · Earnings Report · Source: CNBC Technology · Impact: 4/5 · Sentiment: Positive
Broadcom Set to Reveal Strong Earnings Amid AI Surge
Broadcom is scheduled to report its fiscal first-quarter results after the market close Wednesday. Analysts polled by LSEG expect adjusted earnings per share of $2.03 and revenue of $19.18 billion, implying about 29% year-over-year revenue growth. The company has seen strong AI-related demand, reporting a 65% jump in AI revenue in fiscal 2025 and contributing to the development of Google's tensor processing units; CEO Hock Tan had expected AI revenue to double to $8.2 billion in the fiscal first quarter. Analysts estimate $12.25 billion in semiconductor solutions revenue and $7.02 billion in infrastructure software for the quarter. Broadcom also announced new Wi‑Fi 8 chips during the quarter and bought VMware in 2023. Executives will host a conference call at 5 p.m. ET to discuss results.
Broadcom is a major semiconductor and infrastructure-software vendor; its quarterly earnings provide signals about AI infrastructure demand, semiconductor market strength, and enterprise software trends, which materially affect the AdTech and broader tech supply chains.
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Key Takeaways & Evidence Grounding
- Broadcom scheduled to report fiscal Q1 results after market close on Wednesday.
- Analysts polled by LSEG expect adjusted EPS of $2.03 and revenue of $19.18 billion for the quarter (≈29% YoY growth).
- Broadcom reported a 65% increase in AI revenue in fiscal 2025 and works on Google's tensor processing units (TPUs); CEO Hock Tan projected Q1 AI revenue could reach $8.2 billion.
- Analysts expect $12.25 billion from semiconductor solutions and $7.02 billion from infrastructure software for the quarter; fiscal Q2 estimates: $2.17 EPS and $20.56 billion revenue.
- Broadcom acquired VMware in 2023 and announced new Wi‑Fi 8 chips during the quarter.
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Broadcom beats Q3 estimates, forecasts AI revenue doubling to $230B
Broadcom reported fiscal Q3 results that beat expectations, with adjusted EPS of $3.32 versus $3.24 expected and revenue rising 86% year over year to $29.59 billion, above consensus. Net income more than tripled to $13.09 billion, and adjusted operating profit grew 92% to just over $20 billion. The company guided Q4 revenue to $34.8 billion, slightly below the $35.03 billion consensus. Broadcom raised its current-fiscal-year AI chip revenue target to $58 billion from $56 billion, implying 186% growth, and reiterated long-range projections of $115 billion in AI revenue next fiscal year and $230 billion the year after. CEO Hock Tan highlighted demand from AI labs, with custom chips for Google, OpenAI, Meta, Anthropic, and Apple. Shares fell about 4% after the results despite the strong numbers.
Broadcom Q2 2026 Revenue Miss Sends Stock Lower
Broadcom reported fiscal second-quarter results on June 3, 2026, that beat on adjusted EPS but missed on revenue versus LSEG consensus. Adjusted EPS was $2.44 (vs. $2.40 expected) while revenue was $22.19 billion (vs. $22.27 billion expected). Net income rose to $9.31 billion, and AI-related revenue more than doubled year-over-year to $10.8 billion. The company said it expects next-quarter revenue of about $29.4 billion, above Wall Street’s $28.53 billion forecast. Broadcom’s sales have been driven by demand for custom AI chips and related networking components, and the firm also reported infrastructure software revenue following its VMware acquisition. The stock slid in extended trading after the revenue miss despite strong AI demand and upbeat guidance.
Broadcom earnings may revive chip rally
Broadcom is due to report quarterly results after the market close on June 3, 2026, and analysts expect the company’s results and guidance to influence the broader semiconductor rally. Hyperscalers rely on Broadcom’s ASICs and the company has commercial agreements with Anthropic, OpenAI and Alphabet (including an April deal to help build custom AI chips/TPUs). FactSet consensus for Broadcom’s second-quarter EPS is $2.40 and revenue $22.13 billion; UBS analyst Timothy Arcuri says Street estimates look beatable and has a buy rating with a $490 target. Morgan Stanley projected Broadcom AI revenues for 2027 at $150–$200 billion (about $105 billion for ASIC). Analysts flag memory shortages and summer volatility in AI-linked names.
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