Broadcom reported Q4 earnings on December 11, with revenue up 28% to $18 billion year over year. GAAP net income rose 97% YoY to $8.5 billion. Adjusted EBITDA was $12.2 billion, up 34% YoY, and GAAP diluted EPS increased 93% YoY to $1.74. Marvell Technology is set to acquire Celestial AI, a developer of Photonic Fabric technology. Broadcom addressed the topic of silicon photonics, suggesting it may be used in the future. Bank of America raised its estimates for Broadcom’s pro forma EPS for fiscal years 2026-2027. The team also noted Broadcom’s partnership with OpenAI and potential risks in the semiconductor market. Broadcom and ING extended their partnership, with ING adopting VMware Cloud Foundation 9.0 for its private cloud strategy. Broadcom also launched Brocade X8 Directors and Brocade G820 56-port switch, designed for mission-critical workloads and enterprise AI applications. NEC Corporation will implement VMware Cloud Foundation in its IT systems as part of an expanded strategic partnership with Broadcom. Broadcom is advancing an open ecosystem for VCF to empower businesses to build modern private clouds.

Read more at Yahoo Finance: Bank of America resets Broadcom stock price target