China reviews Broadcom hardware use in state-backed data centers.
bearish 30 · impact 60
Broadcom reported remaining performance obligations (RPO) of about $179.2B as of Aug 2, covering semiconductor solutions and infrastructure software segment contracts. The figure is a key backlog metric that signals future revenue visibility. The source is a third-party claim; official confirmation is pending.
Broadcom CEO Hock Tan stated at the Goldman Sachs conference that the company can lock in chip supply for 2027 and is in the process of locking in 2028 supply. The remark underscores strong demand visibility for Broadcom's custom AI accelerators and networking chips, and suggests the company is securing capacity with foundry partners well in advance. The statement comes amid rising competition from startup Celero Communications, which is developing AI networking chips on TSMC's 2nm process.
bullish 70 · impact 60
BofA lowered its price objective on Broadcom (AVGO) to $460 from $530. The cut follows Broadcom's Q3 earnings beat and ambitious AI revenue targets.
bearish 30 · impact 40Morgan Stanley analyst Joseph Moore says Broadcom's FY2027 AI commentary of $115B is slightly below the firm's $120B estimate but in line with prior guidance. Management sees FY2028 doubling. Moore lifts estimates, sees 80%+ market share potential, and calls valuation compelling alongside NVDA.
bullish 75 · impact 10Broadcom's CEO announced production shipments of Google's TPU v8i, ahead of MediaTek's version. The company raised its FY2026 AI revenue guidance to $58 billion from $56 billion, up 186% year-over-year. Other highlights include shipments of OpenAI's first custom accelerator 'Jalapeño,' accelerating Ironwood shipments to Anthropic, and production shipments of Meta's MTIA accelerator. The CEO noted AI demand is 'hot' and outlined multi-year deployment plans for major customers.
bullish 80 · impact 80Broadcom Q3 revenue $29.6B (est. $29.36B), adj. EPS $3.32 (est. $3.24). Q4 revenue guide ~$34.8B (est. $35.03B). AI semi revenue $16.7B in Q3, expected $21.7B in Q4. Shares down ~4-5% after hours.
bearish 30 · impact 70Broadcom CEO: AI revenue can double to $115B in 2027, double again to $230B in 2028.
bullish 80 · impact 80