Broadcom's Earnings: Expectations and Market Performance
Update: 2025-12-10
Description
Broadcom, a leading chip and software company, is set to release its latest earnings report this Thursday. Last quarter, they surpassed revenue expectations by 0.5%, bringing in nearly $16 billion, a 22% increase from the previous year. Analysts predict a 24.4% year-over-year growth for this quarter, reaching around $17.5 billion, slightly slower than last years 51.2% increase. Broadcom has a strong track record, missing Wall Streets revenue predictions only once in the last two years. Competitors like Qorvo and Qualcomm have also reported positive results, with share prices for processor and graphics chip companies rising by 7% on average over the last month. Broadcom, however, has seen an even bigger jump, up 13.2% in the same period, heading into this earnings report with an average analyst price target slightly above its current share price.
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