By Vandita Jadeja
Publication Date: 2026-03-27 17:42:00
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Broadcom (AVGO) posted Q1 FY2026 revenue of $19.31B, up 29.5% year-over-year, with AI semiconductor revenue hitting $8.4B (up 106% YoY) and free cash flow reaching $8.01B, all while maintaining a record 68% adjusted EBITDA margin.
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Broadcom’s $73B AI backlog and hyperscale customer wins position it to exceed $100B in annual AI sales by 2027, but execution risks around customer concentration and non-AI revenue weakness create valuation pressure at a 63x trailing P/E multiple.
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Broadcom (NASDAQ:AVGO) has been one of the defining semiconductor stories of the AI era. Trading at $322.51, the stock sits 14% below its 52-week high of $412.95 despite a business accelerating in nearly every dimension. Our Price Target for Broadcom is $352.37, implying 9.26% upside over the next 12 months. The 24/7 Wall St. model…
