# Seaport Research's rationale behind going “Underweight” on Broadcom (AVGO) is built on shaky grounds.

*business · news · 2026-04-09 · Barchart*

## Key points

- Broadcom's Q1 2026 revenue grew 29% year-over-year to $19.3 billion, beating expectations.
- Broadcom commands roughly 80% of the Ethernet switching market as of early 2026.
- The Tomahawk 7 switch, doubling bandwidth to 204.8 Tbps, is projected for 2027 release.
- Broadcom authorized a new $10 billion share repurchase program in Q1 2026.
- Management has visibility to over $100 billion in chip sales for 2027, backed by large contracts.

**Companies:** Broadcom, Alphabet, Goldman Sachs, Seaport Research, VanEck, Marvell
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1222668/seaport-research-warns-on-avgo-stock-broadcom-is-confronting-the-limits-of-the-industry)

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