Broadcom(US:AVGO) 智通财经网·2025-09-05 00:49Core Viewpoint - Broadcom (AVGO.US) reported better-than-expected quarterly earnings, leading Goldman Sachs to maintain a "Buy" rating with a target price of $340 [1] Financial Performance - Quarterly revenue for Broadcom was $16 billion, slightly above the analyst consensus of $15.9 billion [1] - Gross margin was reported at 78.4%, marginally exceeding the market expectation of 78.2% [1] - Operating margin reached 65.5%, in line with market predictions [1] AI Semiconductor Business - Revenue from AI semiconductor business was particularly strong at $5.2 billion, surpassing the market expectation of $5.1 billion [1] - Semiconductor solutions segment revenue was $9.2 billion [1] - Infrastructure software segment revenue reached $6.8 billion, also above the market expectation of $6.7 billion [1] Future Guidance - For Q4, Broadcom provided guidance that exceeded market consensus, expecting revenue of $17.4 billion, higher than the analyst forecast of $17 billion [1] - AI semiconductor business revenue is projected to be $6.2 billion, significantly above the market prediction of $5.7 billion [1] Analyst Ratings and Price Targets - Evercore ISI raised Broadcom's target price to $342 while maintaining an "Outperform" rating, citing strong demand for data center interconnect and networking chips [2] - Cantor Fitzgerald also increased Broadcom's target price to $350, emphasizing growth potential in the semiconductor solutions segment, particularly from Google's TPU chip contributions [2]