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Broadcom forecasts second-quarter revenue above estimates
Broadcom's AI semiconductor revenue surged 65% in fiscal 2025, with Q2 revenue forecast at $22 billion, driven by major cloud and tech firms' spending on AI infrastructure.
- On Wednesday, Broadcom reported fiscal first-quarter results after market close and scheduled a 5 p.m. ET conference call to discuss the results.
- Broadcom's expansion follows its 2023 purchase of VMware, server virtualization software company, and included new Wi‑Fi 8 chips plus contributions to Google's Tensor Processing Units .
- Driven by AI demand, management flagged aggressive AI targets, with a 65% AI revenue jump in fiscal 2025 and Hock Tan urging to double fiscal Q1 AI revenue to $8.2 billion.
- Market reaction has coincided with analysts' revenue and EPS projections, as Broadcom shares have fallen 9% so far in 2026, and analysts expect $2.03 adjusted EPS on $19.18 billion revenue.
- Evercore analysts cautioned in a Monday note that 2026 may mark a peak in AI capital expenditures and recommended buying Broadcom stock, while software stocks face pressure from generative AI models.
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Broadcom Stock Investors Just Got Spectacular News From CEO Hock Tan
Key PointsBroadcom reported first-quarter results that easily outpaced Wall Street's expectations and management's forecast.The robust results and forward-looking guidance confirm that demand for artificial intelligence (AI) continues to accelerate.10 stocks we like better than Broadcom › As one of the principal beneficiaries of advances in artificial intelligence (AI), all eyes were on Broadcom (NASDAQ: AVGO) on Wednesday afternoon, as investor…
·Alexandria, United States
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Broadcom benefits from the huge investments made by large tech companies in AI data centers. The Group expects sales of 22 billion dollars for the second quarter.
·Düsseldorf, Germany
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Coverage Details
Total News Sources27
Leaning Left4Leaning Right2Center15Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 19%
C 71%
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