Overview

• Wall Street consensus sees revenue hitting $15.02 billion and net income rising to $7.8 billion driven by AI sales expected to reach $4.42 billion.
• Broadcom shares have climbed 44.6% since the first quarter’s end, closing at $242.07 on Friday.
• Hyperscale clients including Microsoft, Alphabet, Amazon and Meta are fueling demand for custom AI chips.
• Of 14 analysts tracked, 13 rate the stock a buy or equivalent with an average price target near $247 and Oppenheimer lifting its forecast to $265.
• The company faces a forward price/earnings ratio of 30.93 and $66 billion in long-term debt as it reports Q2 results after Thursday’s close.