By Anusuya Lahiri
Publication Date: 2026-05-19 10:54:00
Analysts expect Broadcom to report fiscal second-quarter earnings of $2.32 per share, up from $1.58 a year earlier, on revenue of $22.08 billion compared with $15 billion in the prior-year period.
UBS Revises AI Revenue Forecasts
On Monday, UBS raised its Broadcom price forecast to $490 from $475 while maintaining a Buy rating. The bank lowered its 2026 Anthropic-related revenue estimate to about $8 billion from $21 billion after the deal shifted from full AI rack deployments to a more traditional ASIC structure.
Analysts said the revised structure could improve profitability because the new arrangement carries higher margins despite lower revenue volume. UBS also reduced its fiscal 2027 AI revenue forecast to $133 billion from $145 billion. It also trimmed its 2027 EPS estimate to $21.14, the Street reported on Monday.
LSEG Partnership Expands VMware Cloud Deployment
Separately, LSEG and Broadcom renewed their technology partnership through a new five-year agreement centered on VMware…