Is Broadcom (AVGO) Stock a Buy Before Earnings on Wednesday?
TLDR
- Broadcom reports Q3 FY26 earnings on September 2, with Wall Street expecting EPS of $3.22, up 90.5% year-over-year
- Revenue is forecast to hit $29.24 billion, an 83.3% increase year-over-year
- Broadcom co-developed OpenAI’s new Jalapeño inference chip, which outperformed Nvidia’s Blackwell chips in tests
- Anthropic has placed $21 billion worth of TPU orders with Broadcom, with a long-term commitment agreement in place
- Wall Street holds a Strong Buy consensus on AVGO, with an average price target of $511, implying 37.5% upside
Broadcom is heading into its fiscal Q3 earnings report on September 2 with Wall Street firmly in its corner. AVGO stock was trading around $371.54 ahead of the report, up 4.49% on the day.
Analysts expect earnings per share of $3.22, a 90.5% jump year-over-year. Revenue is forecast at $29.24 billion, up 83.3%.
Susquehanna analyst Christopher Rolland reiterated a Buy rating with a $490 price target. He expects a “generally in-line-to-slightly-positive quarter,” driven by AI networking and software businesses.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
