Broadcom is scheduled to report its fiscal first-quarter results after the market closes on Wednesday, with a conference call set for 5 p.m. ET to discuss the outcomes [1]. Analysts polled by LSEG anticipate adjusted earnings per share of $2.03 and revenue of $19.18 billion, which would represent nearly 29% year-over-year revenue growth [1]. The company has seen significant benefits from increased demand for artificial intelligence infrastructure, reporting a 65% jump in AI revenue for fiscal 2025 [1]. CEO Hock Tan previously projected that fiscal first-quarter AI revenue would double to $8.2 billion [1]. Broadcom is also involved in the development of Google's tensor processing units (TPUs) and recently introduced new Wi-Fi 8 chips during the quarter [1].
Analysts expect $12.25 billion in revenue from semiconductor solutions and $7.02 billion from infrastructure software for the quarter [1]. Broadcom's acquisition of VMware in 2023 is noted as part of its expansion into software, although software stocks have been under pressure recently due to concerns about competitive threats from generative AI models [1].
Despite these positive growth indicators, Broadcom shares have declined 9% so far in 2026, underperforming the S&P 500 index, which has remained flat over the same period [1]. Evercore analysts, who recommend buying Broadcom stock, attribute the share price weakness to investor concerns that 2026 may mark a peak in capital expenditures on AI equipment [1].
Looking ahead, analysts polled by LSEG forecast adjusted earnings per share of $2.17 and revenue of $20.56 billion for Broadcom's fiscal second quarter [1]. Dan Niles of Niles Investment expressed confidence in Broadcom's market position, stating, "I'd pick Broadcom, Nvidia first if buying tech stocks," despite the current share price weakness [1].
CONCLUSION
Broadcom is poised for strong revenue growth driven by AI chip demand, with analysts projecting robust first-quarter results and continued momentum into the next quarter. Despite recent share price declines, analyst sentiment remains positive, citing Broadcom's leadership in AI infrastructure and semiconductor solutions. The upcoming earnings report and conference call are expected to provide further clarity on the company's outlook.