From Nasdaq, Inc.: 2025-06-03 12:32:00

Broadcom is set to report fiscal Q2 results on June 5, following NVIDIA’s strong earnings report. Analysts forecast revenue of $14.98 billion, a 20% growth rate from the previous year. The company’s custom AI chip business and VMware transition will be key points to watch during the earnings call.

Investors are watching Broadcom’s performance closely as the stock has surged nearly 39% since its last earnings release, trading close to its all-time high. Analysts have raised price targets with an average of $287, implying a 15% upside from the current price. The risk and reward profile for Broadcom heading into earnings skews to the downside. Broadcom Inc. (NASDAQ: AVGO) reported a 15% increase in revenue for the first quarter of fiscal year 2021, reaching $6.65 billion. The company also announced a quarterly dividend of $3.60 per share. AVGO’s stock price rose by 2.5% following the news. CEO Hock Tan expressed optimism for continued growth in the upcoming quarters.



Read more at Nasdaq, Inc.:: Broadcom Earnings Preview: AVGO Stock Near Record Highs