Broadcom: Eyes On AI But 5G Outperforms On Revenue

Robert Castellano
17.7K Followers

Summary

  • Broadcom is one of the leaders in 5G chipsets, with revenues of nearly $5.9 billion in 2023 growing to $6.5 billion in 2024.
  • Management has positioned the company to be a leader in the AI chip market with revenues of $4.2 billion growing to $10.2 billion.
  • I expect Broadcom to report AI revenues up $2.04 billion in the upcoming earnings call, a QoQ increase of nearly 40%.

Broadcom

G0d4ather

Broadcom Inc. (NASDAQ:AVGO) will announce its quarterly results after the closing bell on June 12, with analysts expecting year-over-year top-line growth of more than 37%. Its share price has soared over 25% so far in 2024, riding the wave of AI excitement. Consensus

This free article presents my analysis of this semiconductor equipment sector. A more detailed analysis is available on my Marketplace newsletter site Semiconductor Deep Dive. You can learn more about it here and start a risk free 2 week trial now.

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17.7K Followers
Robert Castellano has 38 years of experience analyzing the semiconductor markets. He runs the investing group Semiconductor Deep Dive. It provides investors with recommendations for stocks with the greatest near- and medium-term growth potential. Members receive detailed analysis and research tools to make investments in semiconductor and tech stocks. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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