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Broadcom stock steady near $370 ahead of Q3 earnings
Analysts expect Broadcom to post a 210% jump in fiscal third-quarter EPS to $2.63 and 85% revenue growth to $29.4 billion, with investors also focused on AI demand and margins.
Broadcom Inc shares were little changed on Wednesday, September 2, trading around $370 as investors waited for the chipmaker’s fiscal third-quarter results, after a recent month of pressure on the stock.
LiveMint Markets reports that expectations have intensified following Nvidia’s strong beat and unusually large outlook for next fiscal year revenue, which has helped set a higher bar for Broadcom given its exposure to the AI semiconductor market.
Wall Street analysts are looking for Broadcom’s fiscal third-quarter earnings per share to rise 210% to $2.63, alongside an 85% jump in revenue to $29.4 billion.
Investors will also listen for signals on customer activity and future spending plans for AI infrastructure, including updates tied to Broadcom’s custom-chip deals, as well as concerns around whether demand depends on circular financing and how margins perform amid pressure from high memory costs.