By Jordan Novet
Publication Date: 2026-03-04 17:56:00
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022.
Ying Tang | Nurphoto | Getty Images
Broadcom is set to report fiscal first-quarter results after market close on Wednesday.
Here’s what analysts polled by LSEG are expecting:
- Earnings per share: $2.03 adjusted
- Revenue: $19.18 billion
At that scale, analysts are projecting nearly 29% revenue growth year over year.
The company has benefited from rising demand for artificial intelligence infrastructure, touting a 65% jump in AI revenue in fiscal 2025. Broadcom contributes to the development of Google’s tensor processing units, or TPUs.
In December, CEO Hock Tan called for fiscal first-quarter AI revenue to double to $8.2 billion.
So far in 2026, Broadcom shares have come down 9%, trailing the S&P 500 index, which is flat over the same period.
“In our view it is likely caught up in investor concerns that 2026 marks a peak” in capital expenditures on AI equipment, wrote analysts at Evercore, who…
