By Priya Nigam
Publication Date: 2026-03-02 17:09:00
Broadcom Inc (NASDAQ:AVGO) is scheduled to report its first quarter results for fiscal 2026 on Wednesday.
The company is likely to report a “solid” beat and raise quarter, according to JPMorgan.
The Broadcom Analyst: Analyst Harlan Sur maintained an Overweight rating and price target of $475.
The Broadcom Thesis: The company’s AI revenues are likely to exceed $9 billion, coming in much higher than the consensus of $8.1 billion, “driven by continued upside from Google’s TPU 3nm (Ironwood) ASIC chip and strong demand for networking (Tomahawk 5 and initial ramp of Tomahawk 6 switching chips),” Sur said in the note.
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With a higher revenue base, the company could guide April-quarter revenues at $21 billion-$22 billion, ahead of consensus expectations of $20.5 billion, on continued strength in AI demand, he added.
Broadcom’s AI revenues could reach $10 billion-$11 billion in the April quarter, significantly higher than the consensus of $8.96 billion, the…
