Broadcom Stock Poised to Break Out After September Earnings Report

Broadcom's stock may be due for a boost after September 2, when it releases its fiscal 2026 third-quarter results. Analysts expect strong growth in revenue and earnings per share.

The optical networking market is expected to grow exponentially, with Goldman Sachs predicting $154 billion in revenue by 2028. Broadcom sells multiple components in this market, including co-packaged optics products.

The company's custom AI processor sales are also expected to increase, with OpenAI recently announcing its first custom chip and working on the next two generations.

With a forward earnings multiple of 19, Broadcom is trading at a relatively low price. This could make it an attractive buy for investors looking to profit from the AI infrastructure boom.