28 Analysts Share Their Broadcom Stock Forecast Before Q3 Earnings

Live updates

1. 1h ago

   Volkswagen Approves Turnaround Plan and 50,000 Job Cuts

   Volkswagen's supervisory board unanimously approved a sweeping turnaround plan that puts 50,000 jobs in the crosshairs and slims the vehicle model lineup. The strategy aims to restore competitiveness without closing plants while overhauling the European industrial footprint. Volkswagen shares jumped sharply following the announcement. Meanwhile, German Chancellor Friedrich Merz warned that the crisis at Volkswagen exemplifies the severe difficulties facing the country's auto industry and portends further industrial job losses.

   Why it matters

   The German automotive sector faces a severe economic crisis, highlighted by Volkswagen's structural overhaul. Chancellor Friedrich Merz addressed the wider implications of the crisis during a campaign stop in Lower Saxony, pointing to broader risks for industrial employment. The turnaround strategy represents a major test for Europe's largest automaker as it attempts to restructure without resorting to factory closures.

   What is confirmed

   • Volkswagen's supervisory board unanimously approved a turnaround plan including 50,000 job cuts and a slimmer model lineup.
   • Chancellor Friedrich Merz warned of further losses of industrial jobs in light of the crisis at Volkswagen.

   What to watch next

   • Implementation milestones of Volkswagen's turnaround plan and job cuts
   • Further policy responses or statements from German leadership regarding industrial employment
   Sources used for this update (7)

   1. www.marketscreener.com — Volkswagen on a strict diet, 50,000 jobs in the crosshairs
   2. www.marketscreener.com — Volkswagen sets course for group overhaul, stock jumps sharply
   3. www.newscase.com — Renk’s Waiting Game: Can a Record Order Book Outweigh a Halved Share Price?
   4. www.yahoo.com — El Niño is being 'supersized before our eyes,' U.N. warns. What that means for the weather where you live this fall and winter.
   5. finance.yahoo.com — Broadcom vs. Nvidia: 1 Critical Metric Shows Which Artificial Intelligence (AI) Chipmaker Is the Better Buy After Earnings
   6. www.marketscreener.com — Merz Warns of Further Loss of Industrial Jobs
   7. www.marketscreener.com — Merz speaks in Langenhagen about VW, drones and the AfD
   confidence 100%
2. 2d ago

   Broadcom Shares Slump Despite Record Q3 Results

   Broadcom shares slipped during a broader tech rally as Wall Street digested the company's latest quarterly figures and long-term outlook. The company posted its ninth consecutive quarterly beat with $29.6 billion in third-quarter fiscal 2026 revenue, driven by an 86% year-over-year increase and AI chip sales that tripled to $16.7 billion. Management mapped AI semiconductor revenues to $115 billion in fiscal 2027 and $230 billion in 2028. However, supply and data center readiness will set the deployment pace, and the company issued a disappointing revenue forecast for the current quarter.

   Why it matters

   The stark divergence between Broadcom's record AI chip sales and its falling stock price highlights investor anxiety over supply constraints and future growth pacing. While artificial intelligence accelerators propelled third-quarter results past Wall Street targets, guidance for the current period failed to satisfy market expectations. Analysts are now revising their valuation models based on management projections extending through fiscal 2028 under CEO Hock Tan.

   What is confirmed

   • Broadcom posted record third-quarter fiscal 2026 revenue of $29.6 billion, marking an 86% increase year over year.
   • Adjusted earnings per share reached $3.32, topping Wall Street targets.
   • AI chip sales more than tripled to $16.7 billion during the third quarter.
   • Broadcom mapped AI semiconductor revenues to $115 billion in fiscal 2027 and $230 billion in 2028.
   • Broadcom posted its ninth straight quarterly beat.
   • Broadcom stock slumped in early market trading as major tech stocks led gains on Wall Street.

   Still unconfirmed

   • Supply and data center readiness will dictate the deployment pace for Broadcom's projected AI revenues in 2027 and 2028.

   What to watch next

   • Analyst model revisions based on management statements regarding 2027 and 2028 projections
   • Developments in supply and data center readiness affecting AI deployment pace
   Sources used for this update (4)

   1. hdfcsky.com — Wall Street Opens Higher as Tech Stocks Rally, Yields Cool from Multi-Year Peaks
   2. finance.yahoo.com — AVGO Q3 Earnings Call Puts AI Supply and Scale in Focus
   3. 247wallst.com — Broadcom’s Q3 Beats the Street — But Only Just Barely
   4. www.marketscreener.com — Eastern Commissioner on VW: 'The East must not be left behind'
   confidence 95%
3. 2d ago

   Broadcom Reports Record Q3 Revenue Driven by AI Chip Surge

   Broadcom reported record third-quarter fiscal 2026 revenue of $29.6 billion, marking an 86% increase year over year driven by high demand for artificial intelligence semiconductors and custom AI accelerators. Adjusted earnings per share reached $3.32, topping Wall Street targets. AI chip sales more than tripled to $16.7 billion during the quarter. Despite these results, the company delivered a disappointing revenue forecast for the current quarter, even as it provided robust earnings guidance for fiscal 2028 under CEO Hock Tan.

   Why it matters

   Prior to the earnings report, 28 analysts maintained a Strong Buy consensus, though shares traded 23% below their June 2 record amid market debates over custom TPU demand and AI growth expectations. JPMorgan remained bullish ahead of the print, arguing that market participants underestimated artificial intelligence business growth. The release serves as the season's final major semiconductor earnings report following Nvidia.

   What is confirmed

   • Broadcom reported record third-quarter fiscal 2026 revenue of $29.6 billion, up 86% year over year.
   • AI chip sales more than tripled to $16.7 billion in the third quarter.
   • Adjusted earnings per share hit $3.32, beating Wall Street targets.
   • Wall Street analysts previously rated Broadcom stock a Strong Buy with 25 buy ratings, three holds, and no sells.

   Still unconfirmed

   • The market has significantly underestimated AI business growth and concerns over Google's TPU losing favor are exaggerated, according to JPMorgan.
   • Mike Khouw stated that a specific options trade on Broadcom could be a winner ahead of the earnings report.

   What to watch next

   • Hock Tan's fourth-quarter guidance and commentary on custom AI accelerator demand
   • Market reaction to the company's fiscal 2028 earnings guidance and current-quarter revenue forecast
   Sources used for this update (11)

   1. economictimes.indiatimes.com — Persistent systems Q4 results
   2. CNBC — Broadcom reports earnings this week. Mike Khouw says this trade could be a winner
   3. finance.yahoo.com — 28 Analysts Share Their Broadcom Stock Forecast Before Q3 Earnings
   4. Barron's — Broadcom Looks for a Reset with Third-Quarter Earnings
   5. finance.yahoo.com — Is Broadcom (AVGO) Stock a Buy Before Its Q3 Earnings?
   6. Moomoo — With Broadcom's earnings report imminent, JPMorgan remains firmly bullish: the market has significantly underestimated AI business growth, and concerns over Google's TPU losing favor are exaggerated.
   7. blockweeks.com — 28 Analysts Share Their Broadcom Stock Forecast Before Q3 Earnings
   8. www.cnbc.com — Broadcom delivers strong earnings view as CEO touts growth with AI labs
   9. 247wallst.com — Live: Will Broadcom Crush Q3 Earnings Tonight After the Market Closes?
   10. finance.yahoo.com — Broadcom Q3 Earnings Call Highlights
   11. www.fool.com — AI chip revenue more than tripled to $16.7 billion in Q3 2026
   confidence 100%