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semiconductor / news / / Markets Insider

Broadcom’s (AVGO) stock is up after the chipmaker reported quarterly financial results that beat Wall Street estimates across the board.

Broadcom's quarterly revenue reached $19.31 billion, exceeding Wall Street's $19.18 billion forecast.

KEY POINTS
Broadcom’s (AVGO) stock is up after the chipmaker reported quarterly financial results that beat Wall Street estimates across the board. Claim 70% Off TipRanks Premium Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential The Silicon Valley-based semiconductor maker announced earnings per share (EPS) of $2.05, which topped the $2.03 consensus forecast of analysts. Revenue of $19.31 billion beat the $19.18 billion that had been forecast on Wall Street. The company’s sales were up 29% from a year earlier. Looking ahead, Broadcom said that it expects a 68% margin for its earnings in the current quarter. Management also said that they anticipate $22 billion in revenue this quarter. Analysts had sales of $20.56 billion penciled in for the company. Broadcom’s income statement. Source: The Fly AI Impacts on Broadcom’s Earnings Broadcom CEO Hock Tan said in the company’s earnings release that revenue related to artificial intelligence (AI) in the final quarter of 2025 more than doubled to $8.4 billion, driven by “robust demand for custom AI accelerators and AI networking.” Tan added that Broadcom expects AI semiconductor revenue of $10.7 billion in the current quarter. The company also announced a new $10 billion share repurchase program that will run through 2026 and replace the previous stock buyback plan. Is AVGO Stock a Buy? Broadcom’s stock has a consensus Strong Buy rating among 30 Wall Street analysts. That rating is based on 28 Buy and two Hold recommendations issued in the last three months. The average AVGO price target of $449.46 implies 41.55% upside from current levels. These ratings might change after the company’s financial results. Read more analyst ratings on AVGO stock
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