Overview
- Broadcom reports fiscal Q1 results after the close on March 4, with consensus at $2.03 EPS on $19.26 billion in revenue.
- RBC’s Srini Pajjuri projects Q1 revenue/EPS of $19.1 billion/$2.00 and Q2 of $20.4 billion/$2.16, cutting the price target to $340 on valuation caution.
- RBC highlights Anthropic’s roughly $21 billion in TPU rack orders tied to up to 1 million TPUs, with deployment ramping in the second half of 2026 and questions on longer‑term demand.
- Broadcom says it has begun shipping a 2nm custom compute SoC on its 3.5D XDSiP platform, with improved XPUs for a broader customer base planned to ship in the second half of 2026.
- HSBC lifts AI networking forecasts to $17 billion for FY26 and $30 billion for FY27 while trimming its target to $450, and Jefferies reiterates a Buy at $500 based on bullish Google volume assumptions as TV host Jim Cramer flags the stock as hard to own.