Broadcom(US:AVGO) Feng Huang Wang·2025-09-05 11:55Group 1 - Broadcom reported better-than-expected Q3 earnings and provided optimistic guidance for Q4 AI chip revenue [2] - Q3 adjusted earnings per share were $1.69, exceeding market expectations of $1.67 [2] - Q3 adjusted net revenue was $15.95 billion, surpassing the market forecast of $15.84 billion [2] Group 2 - Broadcom's Q3 AI semiconductor revenue reached $5.2 billion, above the expected $5.11 billion [2] - For Q4, Broadcom anticipates revenue of approximately $17.4 billion, compared to market expectations of $17.05 billion [2] - Q4 AI semiconductor revenue is projected to be $6.2 billion, exceeding the market estimate of $5.82 billion [2] Group 3 - Following the earnings report, multiple investment banks raised their target prices for Broadcom significantly [1] - Melius Research raised its target price from $335 to $415, while Piper Sandler increased it from $315 to $375 [1] - Other notable increases include Morgan Stanley from $357 to $382 and Deutsche Bank from $300 to $350 [1]