By Nauman Khan
Publication Date: 2025-12-09 11:12:00
This article first appeared on GuruFocus.
Broadcom (NASDAQ:AVGO) heads into its Dec. 11 fiscal Q4 report with momentum few can match after a record 2025 run driven by AI demand, XPU wins, VMware growth and strong profitability.
Broadcom’s own guidance pegs fiscal Q4 revenue at about $17.4 billion. Wall Street’s consensus is roughly $17.4 tp 17.5 billion, with analysts forecasting adjusted EPS near $1.87.
The stock has climbed about 72% year-to-date, fuelling analyst forecasts that suggest roughly 40% upside from current levels.
Broadcom posted a record $16 billion in fiscal Q3 revenue, up 22% year-on-year. Its semiconductor segment delivered $9.2 billion, rising 26% YoY, while AI semiconductor sales reached $5.2 billion, up about 63% year-on-year.
The company’s infrastructure software business, buoyed by VMware, generated $6.8 billion in Q3 revenue and reported an unusually high gross margin near 93%. Broadcom closed the quarter with about $110 billion…
/cloudfront-us-east-1.images.arcpublishing.com/morningstar/COBD5LTAVZFGZGRUMDHVLCJUG4.jpg?resize=1200,628&ssl=1 "What does the stock split of Broadcom mean for investors?")
