Analysts forecast AVGO to post $2.39 EPS and $22.13 billion revenue, up sharply from a year ago amid AI-driven demand.
Broadcom (AVGO) stock reached an intraday all-time high Wednesday before its fiscal second-quarter earnings release. Analysts expect adjusted earnings of $2.39 per share on revenue of $22.13 billion, compared with $1.58 EPS and $15 billion revenue in the same period last year.
The chipmaker is positioned to benefit from a surge in hyperscaler AI spending, projected to reach $650 billion this year. Broadcom’s customer base includes major tech firms like Google, Meta, and AI developers Anthropic and OpenAI.
Shares have rallied 37% year-to-date, reflecting broader semiconductor sector gains driven by AI infrastructure demand. Markets will assess whether the stock’s valuation already reflects potential upside.