Broadcom Poised to Deliver Q3 Earnings Boost Amid AI Growth
Broadcom (AVGO) is poised for significant growth as it prepares to release its Q3 FY26 financial results on September 2. Analysts project earnings per share of $3.22, a 90.5% increase from the previous year, alongside revenue of $29.24 billion, up 83.3%. J.P. Morgan maintains a Buy recommendation with a $580 price objective for AVGO.
BakerAvenue's King Lip identifies Broadcom as a leading investment opportunity due to its position in customized AI semiconductors and inference applications. The industry is shifting from training-centric applications towards inference operations, where specialized processors manage high-volume tasks.
J.P. Morgan analyst Harlan Sur expects the quarterly performance to benefit from the early deployment of next-generation TPU v8i processors and sustained momentum in TPU v7 sales. He also projects additional gains from Meta Platforms' MTIA Iris ASIC expansion and robust orders for Broadcom's Tomahawk 5 switching technology.