Overview
- Broadcom posted fiscal Q4 revenue of $18 billion as AI semiconductor sales rose 74% year over year to $6.5 billion.
- Management guided Q1 revenue to about $19.1 billion, with AI chip revenue expected to reach roughly $8.2 billion.
- The company disclosed about $73 billion in AI-related backlog deliverable over 18 months, and UBS characterized that figure as conservative with potential shipment closer to 12 months.
- Analyst reports highlight momentum in custom AI accelerators and networking, including Tomahawk 6, with cited but unconfirmed multi‑billion orders such as a reported $21 billion from Anthropic for Google TPUs.
- Shares fell as much as roughly 21% after earnings and remain below prior highs, while Benchmark raised its target to $485 and UBS to $475 as consensus ratings stayed Strong Buy with notable implied upside.